All Forum Posts by: Austin B.

I'm quite concerned about overseas investors overtaking the market. To have a local, like you, who owns a handful of units, that's a great thing.

 By asking many, thorough questions. That's how all learning begins, yes?

I'm a software engineer, have some ideas for SaaS products that may, potentially, be useful to real estate pros. I, personally, have little to no real estate experience. Should I jump into this world digging for the gold, or selling the shovel to the diggers?

Thanks for all the replies. For me, personally, I would rather live in Medellin or Cuenca, Ecuador than in NYC or Los Angeles. I think it's a cultural thing, above all else. That could change as I get older.

It makes perfect sense, though, not to actually invest in those markets. There is a ton of risk. For example, Ecuador now has a bunch of crime that wasn't there a few years ago.

I'm still not sure about REI at this point in my career anyway...I mean, I don't really want to be a landlord and deal with the CRAP that comes with it.

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?

I'm interested in getting into STR. I'm in the process of selling my home in Utah and although I don't know where I'll go next, I DO know that I don't want to be permanently tied down anywhere. I'm a single guy and I just need a little more flexibility in my life at present.

My parents are going through a divorce and one of the properties they own is a small but immaculate cabin in South Park, Colorado. My Mom takes unbelievably good care of all her property, so this cabin is absolutely top-of-the-line. As part of the divorce they need to sell the property. I am considering purchasing it myself. I did some cursory research on AirDNA and the numbers look pretty good -- 77% year-round occupancy. This house is an hour from Breckenridge and 2 hours from Denver, and two hours from Colorado Springs. Despite that, it's very quiet and feels like "the middle of nowhere."

How would I go about researching whether this is a good idea or not? I can not manage it myself, so I would have to hire somebody to do that for me.

Hello, I'm in Utah too. Let's connect!

I think, for me, getting some experience in the States before going offshore is likely the best option. It's mostly a confidence thing. If I can "make it" in the USA, then I will feel a bit more self-confident and eventually expand outside the country. However, right now, I am such a newbie that I want to be more conservative than anything.

That being said -- long-term, I would like to own several properties across Latin America. It's a longstanding dream of mine to explore Central & South America.

The only that should be banned is Twitter. Seriously.

 Thankfully, our SCOTUS made a reasonable decision about that. I thank God for our constitution and its genius separation of powers.