All Forum Posts by: Daniel Achury

@Andrew Lenis Colombia is great for vacations! 

Airbnb is locally changing from 3-5 days stays to 1 month+ because of all these new regulations, unless of course the owner has a special permit known as RNT. Your idea of having seller financing is good, I'll have a look at it with the owner. In this case, the property I'm offering is commercial and generates a considerable monthly rent $35,000+ USD approx. This can be attractive to many buyers. 

Thank you for your suggestion!

@Mike Lambert I agree, Medellin is a beautiful city! Airbnb has been extremely regulated after many incidents. Some popular projects among foreigners who like to rent properties are residential buildings that operate as hotels known as apartment hotels. These kind of projects aren't very common here though, I'm guessing this is more frequent in Cartagena or Barranquilla. 

Yes, lending is somewhat diffferent here than in the US. For example, lenders (both private and banks) won't consider 30 years at all. Maximum loan time is 15 years in some very special cases. More years are possible however there is a different credit unit for these loans known as UVR which can be risky and that's why people wont usually take them. Apart from that we have 12% per year interest rates  while in the US it's somewhere around 5-6%. In most cases it's best to find financing in the US and then buy here. I'm curious though about seller financing on some properties as @Andrew Lenis suggested, there might be a way to make this possible. I'll definitely talk to some Colombian finance experts on this subject. 

@Samuel Awosolu Yes weather is awesome here, City of Eternal Spring! The area you saw on your way down from the airport is Alto de las Palmas and Llanogrande, that's where the most amazing houses (mansions) are being built. It's the new rich neighborhood. 

I will definitely look for these expat groups on facebook and offer them this property. Laws have been getting more strict regarding short term stays at any residential area. There was a time where we had foreigners come and have a 3 day party with all excess that you can possibly imagine. Afterwards, by law, Airbnb apartments must have a special permit called Registro Nacional de Turismo - RNT. Most owners wont consider renting for less than a month (some will rent for less time but they are exposing themselves to a heavy fine).  Fortunately this property I want to offer is commercial so Airbnb wont be a problem.

I like the idea of using facebook and instagram, I'll focus on both of them.  Thank you for your ideas!

@Ryan Cox Thank you for your answer. It's good advice and I should definitely refine my search just as you explained. Colombians living in the US would definitely be an ideal audience to target. 

Hello everyone,

I’ve been a real estate agent in Colombia for several years, it’s basically a market that has stabilized during the last two decades offering interesting real estate commercial and residential investments.

Recently my team has gotten several local properties that could definitely have a broader international buyer audience. I would like to know according to your experience (in or outside US) which strategies are best for international real estate offerings: Do you use social media, do you pay for a certain internet real estate website, do you prefer newspaper or magazine print ads? Please share your experiences I would really like to hear about them.