Originally from Venezuela, I came to the U.S when I was very young and grew up in South Florida.

I read today that Venezuela is in a deep recession right now.

I am starting as an RE investor in Miami, FL and vicinity.Mainly buy, rehab, sell, with some buy for rent in a future.I am an urban planner from Venezuela and have a business master degree.

I'm originally from Venezuela but as of the last 15 years my home town has been Indy; I am currently transitioning jobs, and will be a full time broker within two weeks.

I would not have bought in Clinton Hill, Bed-Stuy, Ditmas Park, Windsor Terrace, all in Brooklyn.I would never have seen rents and appreciations which moved up 5 times the purchase price, 10 times the purchase price, etc.I would not be purchasing MORE investments, this time at $2 Million for a multi-family.If you really want to Invest in these higher appreciation areas, you should really put some thoughts into the Future Financial Maths, the Pro-Forma 10 year Projection Business Plans, the Economic activities in the areas, the cycle that I described above, and for international cities like NYC and SF, global fluctuations in Currency risks as foreign money moves from higher risky international areas (think Venezuela in today's current economic news) to less risky International cities.Just some food for thought!

General thought here is that the Duque election is good for business and removes some of the risks related to property ownership that investors were fearing with Petro and a left-leaning government in South America (see Venezuela for example). 

Maybe the buyer is a wealthy foreigner trying to get their money out of some country like Venezuela into an asset that can’t be seized by the local strongman Maduro or Castro crony...

I am from Venezuela and I live in Miami, it seems I will not have a chance to buy here after July 1st. 

If you're going to own property in lower-income areas, this is probably a great option.But if you're saying all property owners should be forced to rent to people who could never afford to live in their property without the rent being paid by their neighbors, well, I hear there's a lot of opportunity in Venezuela for that type of thinking right now.

There are a few exceptions, like Venezuela.