Top 5 Reasons To Invest In Medellin Real Estate

[@johntorri9172]

This video is Great! I love to see behind the scenes with how you value your investments! No brainer stuff but most ppl don't put int the time to do the simple research! Thanks George

[@zumba2party]

Thank you very much George for this great video , I am Colombian living in California and I saw you at Robert Kiyosaki’s Channel. I grew up in Bogota and I never thought to buy in Medellin but now you got me really interested .. now with the “ Cerveza sickness “ as you say ;) .. how is en the Airbnb in Medellin ?

[@elbuttano]

Regarding number 5, it's useful to note that not all building administrations in Medellin allow you to rent your apartment on a daily basis. The building needs some kind of special license or permit for that. I believe that most buildings do allow you to rent on a monthly basis, though.

[@GeorgeGammon]

Thanks for the great comment Stephen! Absolutely correct. Theres a city law in el poblado that restricts rentals to a min of 1 month. The HOA members can overturn this on a per building basis, with a majority vote. To your point, it's rare.

[@JazzyByJeff]

George, does all this stuff you said [about investing in Medellin] still stand today? Given events in/of 2020...

[@VelkoAuto]

Hi George, just finished hearing you in Rich dad podcast and started following you right away!. If you have Not yet, it would nice if you could go deeper about the leveraging part like what about borrowing here in the US to buy there and also taxes here and there. Thanks for the great content

[@sdfsf27]

Outstanding lecture. Thank you 👍

[@GeorgeGammon]

Thanks for kind words Jesus!

[@nickstanco8108]

George I gotta talk to you . I watched this video. Amazing insight . 410 320 5602 Someone once said you get what you want out of life by helping enough people get what they want . (It’s True) I wanna join your team ! Together Everyone Achieves More .

[@chamixone]

Thanks for the video! What are your thoughts now days on investing in Medellin? It seems to me to be expensive. For instance, I was looking at an apt in Patio Bonito at 500million for 76mts. And that has been on of the cheapest I’ve seen in the area.

[@jm76bm]

Great analysis, one question, also you recommend for Colombians invest in United States properties?? Or in other countries?? Regards

[@face5048]

What do you think about investing in real estates Cape Verde 🇨🇻

[@magdaw3123]

just checked xe.com and see COP 3891 !! Everything you said just makes that much more sense. love all your vids! luv from Krakow

[@6789uiop]

3,836 USD-COP today 8-23-20

[@johntorri9172]

Jim Rogers interview brought me here!!!

[@ADAMREES-GRITGYM]

Are you saying to pay in full for those apartments rather than leveraging a mortgage?

[@flytz311]

Do you have a property management company that you would recommend for this area?

[@rpietryk4690]

Here make sure 2 percent and go for it, but 2 things I get tour, 2nd you make sure I get paid

[@reynoldswhite772]

What do you think about Laureles? Or you mainly just stick to Poblado?

[@sebastianbonillapineros567]

Hey Reynolds! I'm a Colombian real estate broker who can help you out solving any doubts you have about our country and maybe offer you some investment opportunities. Let me know via whatsapp or telegram [phone]

[@6789uiop]

Laureles is said to be short on decent inventory. So bad to be an investor looking but good one you've found a good one I suppose.

[@rpietryk4690]

Understood

[@allenpearson9716]

Hi George. Great video. Do you live in the US or Columbia? Are you part of the Life Afar Investment Group? I live in Texas and Have about 7-8 years before cash out and retire. I'm looking at retiring in Medellin and investing in real estate if things are still good at that time.

[@GeorgeGammon]

Doctor Pearson glad you got some value from it. I spend most of my time in Colombia. I’m not part of FAR but I know them well. Medellin is a wonderful place to spend time and invest in RE. Let me know if there are any ways I can help. For more Medellín specific content you might enjoy my FB group “Medellin Real Estate Investors” 👍

[@allenpearson9716]

Thank you George. We were initially considering Puerto Vallarta but after discovering Medellin we just can’t wait to get there and start our new life.

[@ericedwards2932]

@@GeorgeGammon Hey George - Such logical and great content!! Currently a CA resident and thinking about investment property. Would you recommend Kansas city or a foreign investment like Colombia? Thanks

[@FLAC2023]

Hi, I am interested in buying an apartment in Medellin. Please contact me

[@sebastianbonillapineros567]

@@FLAC2023 Hey Ferarzo! I'm a Colombian real estate broker who can help you out solving any doubts you have about our country and maybe offer you some investment opportunities. Let me know via whatsapp or telegram [phone]

[@briancurran1140]

Hello George love shows any help I can get to help buy real estate in Columbia

[@sebastianbonillapineros567]

Hey Brian! I'm a Colombian real estate broker who can help you out solving any doubts you have about our country and maybe offer you some investment opportunities. Let me know via whatsapp or telegram [phone]

[@szee8588]

What about government corruption? Raising prop taxes or taking away land by some unexpected regulation. I heard people got burned buying in Mexico. Latin America is corrupt, no? How is the airbnb going to work out when the governments highly restrict travel now? So many women in my women's travel group online have cancelled their trips.

[@6789uiop]

THIS is what I'd like to know. *plus* How functional are real estate laws and the court system and enforcement of court judgements.

[@20kevron]

Is this still true today?

[@rpietryk4690]

I get my own place

[@szee8588]

You don't think the pullback due to "pandemic" will affect real estate? Won't the banking families make regulations worse for property owners and probably increase taxes? The ultimate goal is to take away land from us and into their hands.

[@publiceye6342]

U need govt license for airbnb biz in Colombia

[@GeorgeGammon]

Yes and no. In some cases (if the whole building is approved for short term rentals) it's required. From what I've seen rarely enforced. For individual units or SFH's it's not an issue. I'd say 80% of the airbnb's here aren't licensed. But if someone wants to be hyper diligent about crossing T's then I'd suggest getting the license.

[@sebastianbonillapineros567]

@@GeorgeGammon actually we're developing full licensed building for short term rentals, not exclusively AirBnb but also all the digital platforms you can work with. If interested in Medellín's Milla de Oro best-seller short term rental development, contact me via whatsapp or telegram [phone]

[@rpietryk4690]

😹rich💰

[@robbiehughes8067]

George trusted friend Camilo wants to join your team. Camilo will contact you

[@kielbarry1789]

This should be a 5 minute video

[@morowdamien1551]

If you use real microphone, it woud be appreciably more confortable and then increase my interest of your good content

[@diegolasso3153]

I don't get it , why I'm gonna invest in a cheap currency when I can invest in dollars ? Why you want to down grade you portfolio like that , Even if you plan to retire in colombia invest in u.s dollars . The math is simple y'all.

[@cristhianmorales9175]

Simple, if you are investing 60k dollars in a house in Colombia with a really inflated dollar and the dollar loses power ( which since you are here I think we can agree it will) then you bought an asset with an inflated currency and can sell it when the peso increase to its historic trend in comparison to the dollar. It’s just like buying gold when the dollar is strong, holding it and selling it when Gold prize is really high. He said it Btw this is just about diversifying your portfolio. I actually bough a loot in Colombia for $25k and built for $35k. The funny part is that I can now sell that house for somewhere between $100k to $130k and the dollar hasn’t even lost its value, that’s just what I made from the construction and how much the area where I bought has increased in value. I’d say in general buying commodities with such an inflated currency as the dollar is right now is always a good move as long as you diversify.

[@cryptoguapo2888]

@@cristhianmorales9175 10 years ago the Peso was 1.75 vs the Dollar...if u invest ur Dollar now and the Pesos strengths later u will get a crazy return