Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Short-Term & Vacation Rental Discussions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

24
Posts
32
Votes
Austin B.
32
Votes |
24
Posts

Colombia, Ecuador and Beyond

Austin B.
Posted

Hello all,

I spent my summer in Medellin, Colombia. At this very moment, I am hanging out in sunny Guayaquil, Ecuador. I have a passion for Latin American culture and love to speak Spanish and visit Central / South America. This got me thinking -- how, as an Estadounidense (American from USA), could I invest in short-term rentals in South America? Each country has their own laws & customs. In most South American countries it seems that mortgages, especially with foreigners, are nearly impossible to obtain. However, the home prices are very low compared to what I am used to in the States. I have been told by some other expats that you do not want to purchase property as it is extremely difficult to sell later on. The idea, of course, is to generate cash flow and not to purchase a capital investment. It is a legitimate concern, of course.

I also have a fantasy of owning, say 1 or 2 dozen homes all over the continent and just going wherever I please when they are not being rented out. That may not be realistic but it's kind of swirling around in my head. I can only imagine that managing such a portfolio would be very time-consuming.

Has anybody got experience doing this?

Most Popular Reply

User Stats

12,448
Posts
15,158
Votes
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
15,158
Votes |
12,448
Posts
John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

This seems much more risky than owning property in the U.S.

I personally would buy those properties here and then use the profits to travel to where ever I wanted.

  • John Underwood
  • Loading replies...