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All Forum Posts by: Torri Oats

Torri Oats has started 0 posts and replied 6 times.

Post: International Money transfer

Torri OatsPosted
  • Investor
  • Posts 6
  • Votes 3

You're welcome!!!

Post: International Money transfer

Torri OatsPosted
  • Investor
  • Posts 6
  • Votes 3

I make the money transfer from a US bank.

Post: International Money transfer

Torri OatsPosted
  • Investor
  • Posts 6
  • Votes 3

Hi Jhon:

Alianza works with the developer (it's a presale) so they just sent a link to me to set up an account. I didn't do anything before my attorney reviewed the contract for the property and gave me the "okay" to sign. Once they did that, I set up the online account. I think I had to provide copies of things like my passport and fingerprint, but it was pretty easy. I may have had to have something notarized, but I'm not positive. I transfer money monthly and once they receive it, they send an e-mail to me with the exchange rate for my approval. I give my approval and they send a couple of forms for me to sign digitally. That's it. 

Post: International Money transfer

Torri OatsPosted
  • Investor
  • Posts 6
  • Votes 3

Hi Jhon:

I am in the process of purchasing a condo on Colombia and I go through Alianza. They've been professional and extremely helpful.

Post: STR's in Europe

Torri OatsPosted
  • Investor
  • Posts 6
  • Votes 3
Quote from @Mike Lambert:

@Torri Oats The fees you're being charged are pretty high! You can get less than that in Portugal. Did you shop around?


 Yes, I did. I spoke with every companies it was slightly higher than one (lower than most) but when I looked at the cleaning and additional fees, it ends up being a little less. I also felt very comfortable when I talked to them. 

Post: STR's in Europe

Torri OatsPosted
  • Investor
  • Posts 6
  • Votes 3

I have a STR in Portugal. There have been zero issues with communication or time difference. The management fee is 22.5% plus platform fees (AirBnB, Booking.com, etc.). Overall, I've been very happy with the level of communication and management of the unit. This is my first year and I got a late start due to the holiday season. Although I projected a slight loss, I may actually generate a bit of income.