Does anyone have any tips and advice on purchasing property in Medellin Colombia for short term rentals ?

Find a good lending partner that is comfortable with lower property values both on the purchase, as well as knowing a group or two that can financing projects under 100k on a 30 year fixed.

My wife and I recently purchased a triplex in North Gray's Ferry are in Philadelphia.

@Frankie Lotrec if you have an existing loan on the property and you plan to legally convert from a 4 unit to 5 unit , you should check the loan documents because you’d essentially be converting it to a commercial property, since 5+ units is considered commercial and subject to different appraisal approaches and so it would rule out the property being considered for purchasers utilizing residential financing.  

If you choose to go the Syndication route, it's important to get comfortable with the GP and also underwrite the real estate as if you would personally purchase the property (even if you don't have the financial means to take down the property on your own).

Is this LTV based on ARV or the purchase price? 

Hey everyone, a new development in the area where I invest, is offering a 5.99% interest rate (conventional loan) and 2% of purchase price in closing costs.

Property Taxes Will Likely Increase After Purchase•If the current owner has a homestead exemption, their tax valuation is capped.

If you are going to purchase real estate in an LLC or any entity for that matter, I recommend titling the real estate correctly from day one.

(Sale price - selling costs) -(purchase price+ purchase costs)- renovations = taxable gain.