Anyone worked with Far international (farinternational.com)?

[Matthew Holland]

Hello,

I've been talking to this company called Far International (www.farinternational.com) who does investments in Colombia.  I'm curious if anyone has any experience working with this company?  Or does anyone have opinions about working with similar types of companies?

Here is the message from them:

Thanks for your interest in our Colombian investments. Here’s a first look at our latest and greatest project: Cali River Suites.

https://www.farinternational.com/wp-content/upload...

You’re no doubt familiar with what we do at FAR. We find you undervalued buildings in popular tourist locations, renovate them, manage them, and then pass the profits on to you, the investor.

The same is true here.

So what’s new and exciting about this project?

1. Returns of 13.8% and Average Net Annual Cash Flow of 9%. These returns are uncapped and the projections are conservative. If the property generates 11% per year, you get 11%. 13%? You get 13%.
2. Increased Scale, Less Risk – You’re investing in a former hotel with 23 upscale units and a view of the Cali River. If one unit goes vacant for a week you’ve got 22 others ensuring your returns year in and year out.
3. Keystone Investors (Minimum investment 50k) get 8% on their investments during the development period from July 1st, 2018 to July 1st, 2019. This offer will close after $750,000 in Keystone Capital has been raised.
4. All other investors (Minimum investment 25k) need only commit 25% of their total investment in 2018. The rest will be due in 2019.

Discounted stays. This is the first project that will be a part of our "Build-Your-Own-Fund", in which investors will be able to diversify their real estate holdings across all of Colombia’s major cities and tourist destinations. Investors will enjoy discounted stays at all fund properties.

Overall, the location is prime and Cali is our best performing city (with tourism growing at 15% annually). My honest opinion is that this is our best real estate offering to date.

Would love to hear your guys thoughts on this.  What questions should I be asking and what does proper due diligence look like for international investments like this?  Here is the link to the project details:

https://www.farinternational.com/wp-content/uploads/2018/06/Cali-River-Suites-Inv.Package.pdf