$100,000 house with good returns in Medellin

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$100,000 house with good returns in Medellin

Рет қаралды 23,273

The Wandering Investor

Күн бұрын

Пікірлер: 92

@TheWanderingInvestor 2 жыл бұрын

Get in touch with Mauricio! thewanderinginvestor.com/services/international-real-estate-services/my-favourite-real-estate-agent-in-medellin-colombia/

@trickbaby8441 Жыл бұрын

No please don't please just stay in the west. Please don't come to South America to ruin our land with your "investments" we already know you come to exploit our land. Come spend your money and go home, we don't need parasites in South America.

@chrisbullock6477 Жыл бұрын

For those worried about being around to many people from the states, no need to worry Colombia is large enough for you to find exactly what you want in any nice place throughout the country depending on the atmosphere you want and you age demographic.

@jimmypage4753 Жыл бұрын

i suggest spending that 100k in buying a run down building u can get cheap to demolish and build it up to your desired specs that your future renters would really appreciate.

@coachab100 Жыл бұрын

I stayed in Laureles, Medellin for two months right before the pandemic. The weather is important for investors….although on the equator, it is at altitude so temperatures year round are like 60 for low and 75 for high. It is nice. AC is not really needed, more of a luxury! I would also say you might want to be near the metro system. I stayed near the stadium which had a metro stop so I could go anywhere in Medellin quickly. I like Buenos Aires a lot too but much more expensive to fly to or from US than Medellin. I felt safe in both cities but didn’t go out late at night!

@TheWanderingInvestor Жыл бұрын

Thanks! Yes, no AC makes a big difference for investors / keeps costs low

@SkipinlLA Жыл бұрын

i found poblano on the mountain to be slightly cooler than laurales, i liked both each has + and -. both are better than USA

@jrendoso 2 жыл бұрын

I wouldn't buy that for 100k. No way, no windows! Super dark. No natural light.

@TheWanderingInvestor 2 жыл бұрын

It’s a rental. Not a lifestyle property 😉. But there are ceiling windows. It just didn’t show at night.

@drewskeez1156 Жыл бұрын

@@TheWanderingInvestor its for foreigners/travellers though. They want light and views. I always look for it when renting any place in colombia.

@tyromecasis7286 Жыл бұрын

Do you have to pay cash or installment to buy a rental property in medillin

@thehungrygoldfish 10 ай бұрын

@@drewskeez1156Yes. I know you would love lots of light and windows and stunning views and balconies and terraces and space and bathrooms and storage and open plan living and hardwood floors and charm and character and a billion other things but all the stuff you want cost money! The more things you add, the more expensive it will be!

@luisaceo00 9 ай бұрын

my thoughts exactly. I've stayed at different airbnbs in Colombia and I wouldn't want to stay there

@boblimits753 Жыл бұрын

Reason it’s expensive is, you own the land as well and divided by 2 floors only..

@Thomas_Hardy. 10 ай бұрын

The posters commenting that its too expensive...it should be known that there are only a few sections of Medellin that are fairly safe for foreigners. And Medellin is one of the prime cities for foreigners. Its true about the need for security. The upstairs house would be a better buy. They might be selling it cuz of night time street level security issues.

@KELLENKASH 2 жыл бұрын

Love the Brain Game we are given here and the comedy, "Some foreign dude with a cute girl" 🤣

@briang2981 10 ай бұрын

Appreciate the analysis, but 6.2% is in no way a "great yield", particularly after factoring in the currency risk. Not to mention the fact that leverage isn't really available in this situation. It's a bad deal, relatively speaking.

@beng7004 Жыл бұрын

6.2% on 100k with all the fuck around with tenants and managing the property. No thanks

@disndat1000 2 жыл бұрын

Well done piece from an area that wasn't even on my radar. Thanks!

@matthewjohnson7350 10 ай бұрын

super well done video. love your conservative and very thorough approach. thanks!

@williedavirtualflipper 7 күн бұрын

The digital nomads are looking to keep there over head down. When I first went to Colombia I pay $220 for a apartostudio in Laureles. Now that same unit is at least $600. Digital Nomad are looking to keep their cost down at 1K a month you can rent a high end room in the Bronx. You'll have better wifi service and it's safer. To me it's not a deal. Nice case study thou.

@ohno-zx4if Жыл бұрын

The wandering investor if I had one question for you is how do you stay so skinny I use to weigh 260lbs I lost 100 pounds but I can’t seem to lost this last 20 lbs. god bless you

@TheWanderingInvestor Жыл бұрын

Genetics

@irag34 Жыл бұрын

This is the kind of over priced real estate that ends up pricing out the locals. Stop buying up property with foreign money if you don't plan to live there.b

@richardt2681 7 ай бұрын

Just put $100,000 and buy CIB stock collect a 10% dividend while you wait for the stock to go back to $60 and then sell it.

@TheWanderingInvestor 7 ай бұрын

Definitely easier 😅

@Thomas_Hardy. 10 ай бұрын

Tell me if you have already done a video on this..but I am interested in a video about colombian business visa and maybe include differences with the Digital Nomad Visa in colombia.

@TheWanderingInvestor 10 ай бұрын

The colombian business visa is very complex to get. Many tough requirements including employees, etc. The DNV on the other hand is super easy.

@therehastobesomethingmoore Жыл бұрын

Yep, no windows makes it a no go.

@joet2975 9 ай бұрын

Title says a $100,000 house and then he shows an apartment. WTF?

@reneruiz32832 Жыл бұрын

Besides my comment I truly appreciate the video and info

@williamhutchison5969 2 жыл бұрын

Didn't watch the whole video because it's really advertising but for the time I did, I heard no mention of tax on the income. Colombia taxes on world wide income, no matter where it originates, worth considering if your country does not have a tax treaty with Colombia. And the US doesn't.

@TheWanderingInvestor 2 жыл бұрын

Owning real estate in Colombia does not make you a tax resident. Even being a resident of Colombia does not automatically make you a tax resident. Only tax residents get taxes on worldwide income.

@williamhutchison5969 2 жыл бұрын

IWrong, I've just gone through it with Dian, don't make me laugh.

@TheWanderingInvestor 2 жыл бұрын

@@williamhutchison5969 You are absolutely wrong. If you own real estate in Colombia and are not a tax resident of Colombia, you owe the Colombian authorities taxes on Colombian-sourced income only. Not on worldwide income. You own taxes on worldwide income only if you are a tax resident of Colombia.

@drewskeez1156 Жыл бұрын

@@williamhutchison5969 youre fiscally resident in colombia when you spend more than 182 days per year there (majority of the year). If you do that, then yes you owe taxes on worldwide income. If you stay for 182 days or less, then you owe nothing. Its clear cut.

@delfin2622 2 жыл бұрын

I wanted to know the reason why the columbian family wanted to sell the property at 11:41 and move to countryside before it was edited out. Nonetheless, interesting analysis!!

@TheWanderingInvestor 2 жыл бұрын

Thank you. It wasn’t anything notable. Something job related.

@johnobrien2340 2 жыл бұрын

Mede-Jeen

@olavthewiking3700 22 күн бұрын

if this guy is from sweden, then i am the king of saudi.

@rubenescomacias 23 күн бұрын

Is 90,000 dollars saved and 1,100 dollars a month enough to live in bogota colombia? I have family who live there i want to buy an apartment and live there with a Colombiana girl. I’m on disability from the state and won a lawsuit

@TheWanderingInvestor 22 күн бұрын

@@rubenescomacias for a modest lifestyle yes

@jimmyglen Жыл бұрын

Just a 100k ? Is that small change? And your numbers net out a whopping 5 percent return ?

@TheWanderingInvestor Жыл бұрын

I’d rather buy this one: kzfaq.info/get/bejne/obt5hMdn3NDKiYU.html

@reneruiz32832 Жыл бұрын

I believe it's very expense for Medellín.. There's no way you can rent it to locals and the rent cover mortgage and profit..

@TheWanderingInvestor Жыл бұрын

Only Airbnb. A local tenant scenario would be bad indeed.

@imcoup 10 ай бұрын

No windows?

@gabrielhollnagel6373 11 ай бұрын

Does anyone know what the average HOV fees are at apartment complexes in Colombia??

@TheWanderingInvestor 11 ай бұрын

This apartment is pretty standard in terms of HOA dues: kzfaq.info/get/bejne/ap9niNJpzODKaGQ.html

@keithss67 Жыл бұрын

Do I get the Christmas lights for free?

@TheWanderingInvestor Жыл бұрын

Yes. Absolutely vital.

@BeauRakes 2 жыл бұрын

great video

@ohno-zx4if Жыл бұрын

Does Colombia still allow 90 day tourists visa to extend for another 90 days or are you forced to do a border jump when your original 90 days is close to expiring.

@TheWanderingInvestor Жыл бұрын

With some paperwork and bureaucracy you can extend by 90 days.

@Wowimhungry9 Жыл бұрын

I think you have to extend with immigration before 90 days are up. You can’t leave country, come back and expect to get another 90 days. After you extend and are in the country for 180 days, you have to leave country and come back in 6 months.

@rooksman64 Жыл бұрын

@@TheWanderingInvestordigital nomad visa now pushes it out to 2 years I think

@mitchel2443 8 ай бұрын

Small fine and online procedure to extend the 90 days after you've had your free 90 days with your American passport. More than 180 days without a visa and you'll get another fine at the airport before leaving.

@ohno-zx4if 8 ай бұрын

@@mitchel2443 yup I just paid the fine of 2,600,000 pesos. I decided to pay it at the airport before I left. I overstayed in Colombia a few months. At the end when I was signing the papers I said since im paying this fine before I leave can I enter Colombia again when the new year comes she said absolutely yes your more then welcome to come back to Colombia in 2024 and obtain another 6 months I will be back In January. In my eyes the immigration wishes everyone would over stay just to get that fine money from everyone. It’s a business of course they want everyone to pay a fine it’s free money for immigration. I could have not paid it and board my flight then I would have to pay it when I returned. If someone plans on never returning to Colombia then you don’t need to pay the fine. I paid it with a smile and said thank you. Even with the fine Colombia is still super affordable. We all know 700$ in the USA is chump change. I’ve ran up restaurant and bar tabs that cost more than 700$ 🤣🤣🤣🤣🤣🤣🤣

@greg617ma Жыл бұрын

This is very expensive for what you are getting in my opinion. There are much better deals out there. No pool, hot tub, no security. This is a very basic first floor unit with no view or balcony.

@TheWanderingInvestor Жыл бұрын

There are better deals I agree. The goal was to make an interesting case study.

@MiketheScrapper Жыл бұрын

I am curious if I move there and want to pay a monthly mortgage for 28 months or so. How would I get my credit approved being new to the area.

@TheWanderingInvestor Жыл бұрын

No mortgages for non resident foreigners. Cash market.

@chrisbullock6477 Жыл бұрын

LOL....Its a whole process my friend, something that doesn't get talked about as much as they talk about how much money you can make..

@imcoup 10 ай бұрын

It’s pronounced “Medi-Jean”

@reneruiz32832 Жыл бұрын

No one will pay 1k usd for rent there..

@DJBILINGUAL 10 ай бұрын

I’m bummed I missed you in peurto vallarta would have loved to buy you dinner and talk real estate.

@TheWanderingInvestor 10 ай бұрын

I rarely say no to beer

@DJBILINGUAL 10 ай бұрын

@@TheWanderingInvestor where are you stomping around currently?

@TheWanderingInvestor 10 ай бұрын

@@DJBILINGUAL Europe

@DJBILINGUAL 10 ай бұрын

@@TheWanderingInvestor for sure. I’m a huge fan of Eastern Europe. Balkans especially. Hopefully connect soon.

@RaySmith79 2 жыл бұрын

thank you

@jgm3620 2 жыл бұрын

Great diversification

@tttman4385 2 жыл бұрын

What is the annual tax on the property like this with it being fully furnished and ready as a turnkey property

@TheWanderingInvestor 2 жыл бұрын

Less than $100 a year in property tax

@sandylopez7181 Жыл бұрын

$100.000 dollars for that no way…you don’t what you are talking about

@conversationclub8230 Жыл бұрын

That guy is not even a local, that is too exepnsive. He's trying to rip u off

@1desiloader999 Жыл бұрын

Its an unusual Swedish accent

@TheWanderingInvestor Жыл бұрын

I’ll tell him 😅

@landonbrowne6250 Жыл бұрын

seems way over priced lol should be like 50k

@edgonzalez9797 2 жыл бұрын

I can do better here in the USA!! ,, phoenix Az Plus I can barrow the money ! I put down 20 percent and barrow 80 percent !! I can do 12 percent return !! Plus I don't have to sweat the devaluation of the peso !!

@neikhy351 Жыл бұрын

100.000 USD for that flat hahahaha That's a terrible buy price, that flat cost around 60.000 usd before flipping that doesn't cost more that 10.000 USD