Retire in Colombia Coffee Region Under $800
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- เผยแพร่เมื่อ 25 พ.ย. 2024
- #colombia #retireoverseas #colombiatravel #adventurefreaksss
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Guest Randy Lagman, an expat from the US, now proudly calls the incredibly beautiful Colombia Coffee Region his home. Randy discovered the unique charm of Colombia, where affordable housing and healthcare, amazing people, warm culture, fantastic food, and breathtaking vistas come together. Join us as we discuss how you can live large for very little in this stunning part of the world.
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How to work with me:
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😎 One-on-one Consulting for planning your move abroad: calendly.com/adventurefreaksss/50min
Very good information🌷. I retired two years ago and since then I am living in Manizales Colombia. Loving my life💖
Would you like to be on the podcast? I haven't interviewed anyone living in Manizales yet. I hear it's a very cool city!
We bought country home in 2017 just outside of Armenia near the airport. We also own a coffee farm in Calarca. Love it here - we would never go back to Canada. Real Estate prices have gone up considerably since 2020. We are in a prime area so our home is around 270,000 US now
Thank you for this. What is the cause for the increase in Real Estate?
@@adventurefreaksss Alot of Colombian's from Bogota are on a buying frenzy, and they have lots of money to spend. Alot come here for vacation. They rent Finca's and then decide to buy country homes as it's a beautiful area of Colombia. It's called the green heart of Colombia. Weather is also nice here, They think Bogota is too cold.
the coffee area in Colombia is absolutely stunning. Love it there.
Was in Filandia 2 weeks ago. Loved it.
@@eileenbaldwin3865 It's beautiful there! There's great little coffee shop on one of the corners and the gentleman that owns it speaks English and knows a lot of about the area.
@@FinancialFreedomLifestyle Thank you. I'm sure I'll be back. My nephew and his wife live there part time. She's Colombian. She was our translator. I know a little Spanish but she speaks it fluently.
@@eileenbaldwin3865 That's amazing! I'm blessed because my wife is Colombian so that makes things much easier!
@@FinancialFreedomLifestyle Ditto, brother!
Fruits and vegetables in Colombia are fresh; however, they must be rinsed thoroughly as they are not washed before being taken to the supermarkets.
I love to eat them right off the vine:)
I pay $3,500 in Los Angeles. 4 bedroom. Just decided not renewing lease.I should go where you are. Thank you sir.
Best decision of your life to leave the US. I'm in year 4 and have not regreted 1 minute.
My rent is 3800 for 4 & 3 in San Diego. We need to liquidate everything & live a better quality of life somewhere else.
California is a beautiful place to live but there are many just as beautiful places where you can live on a fraction of what it costs there. Thank you for viewing!!
I would feel stupid paying that kind of rent. Why not buy a house if your willing to spend 4k a month on rent. When interest rates where 2% you could have borrowed 1 million dollars for 2000$ a month. If you brought a duplex with that money like I did you can basically live for free.
To be safe use the 2017-2019 exchange rate to be safe...I think it was around 3,200
Little discussed fact is the vast improvement in air quality. Large Colombian cities such as Medellin and surroundings have very poor air quality mostly from truck and motorbike pollution. WHO states Colombians in such areas live 10 months less longer than those in clearer areas such as Manizales.
Wow. 🌸Thank you! Interesting Starlink only $50.00 there.☘️
Thank you for viewing!
Been to Filandia and Salento and it is gorgeous. The countryside is an experience on its own!
Where are you at now? Do you live abroad?
@@adventurefreaksss Currently in NYC where I am based, but I live abroad 6-8 months out of the year. Asia is my next stop
@@AccordingtoWarren Very cool. When you get settled, maybe we can do a podcast in an area you are residing in. Keep me posted. Cheers, Ré
i miss salento, armenia was more expensive, i think quindio is safest part of colombia
@@AccordingtoWarren and i'm actually in philippines right now
Interesting video, He's on a safe location.
Thank you for viewing!!
Love Filandia, also in the coffee region.
@@eileenbaldwin3865 Ill check it out. Thanks!
@@adventurefreaksss Was there 10 days. They were celebrating their 146th anniversary. Lots of festivities. It's a very colorful little town.
@@eileenbaldwin3865 Eileen, what town are you referring to. Are you considering moving to Colombia? Thanks for viewing!
@@adventurefreaksss Filandia because I have family there.
We have Manizales on our list of possible retirement cities. Being cold/cool weather lovers, being in the 70s and lower is what makes us comfy. We are told that it is about 20-25% cheaper than living in Medellin, and much safer. great video !
Yea the weather is ideal! No air or heat needed:). Thank you for viewing our content!
Little discussed fact is the vast improvement in air quality. Large Colombian cities such as Medellin and surroundings have very poor air quality mostly from truck and motorbike pollution. WHO states Colombians in such areas live 10 months less longer than those in clearer areas such as Manizales.
Another good video! Thank you!
Any idea what his Car insurance is?
Panama has the same policy for getting a Physical prior to Visa approval. Panama obtains your health records from the US so I assume that Columbia will too.
Randy informed me there is a mandatory insurance on every vehicle that only covers damage and harm caused to others which is approximately 300 per year. You will need additional insurance to cover you and your vehicle which can cost 20 - 60 USD per month. Thank you for viewing!
Excellent! Very beautiful and incredibly inexpensive but where is closest hospital or medical care and grocery store or market. I believe that there is an age cutoff to get health insurance. I understand that neither is available after a certain age but please correct me if I’m wrong.
Love your videos great information, but pls do something about your lighting 🙏🏽☺️
Beautiful.
I have been watching your channel for a while and found it is useful. I went to Colombia in 2022 and after watching your Randy's interview I went to Colombia again around 5 weeks ago, What Randy said is true. This time I visited Pereira, Armenia, Palestina , Manizales, Medellin, Bogota, San Andreas Island, Santa Marta, Cartagena, Chinchiná etc..
I and my wife US citizen and retired. We are in IT area and both have a very sizable retirement income from government pension and social security. Now we are interested in retiring in Manizales area. Here is our problem, double taxation from Colombia. To qualify for Retirement visa, we need to stay in Colombia for 183 days or more, which make us a Tax Residents of Colombia. This forces us to pay income tax to USA and Colombia. I don't see any tax treaty between US and Colombia. Please advice me to solve the double taxation issue. Some people say, stay in Colombia for six months and stay in another country for six months. Six months means 182 days, which does not qualify us for Retirement visa, requires 183 days or more stay.
Ramesh, thank you for viewing our content! Because tax regimes vary frequently and can be ambiguous, we suggest consulting a tax expert who specializes in migration to Colombia. We apologize for not being more helpful, but whenever a client identifies a country to move to, we refer them to a tax expert to clarify what will and will not be taxed. Thanks again! Ré
@@adventurefreaksss Thank you so much for your quick response. I have been living in USA for 41 years and I have a Ph. D in Applied mathematics from University of Texas. I have many occasions to hire people from Latin America to work in my house remodeling projects, air conditioning work, garden work etc. They were very punctual, hard working, professional, so good at their work, work ethics was very highest among other Asian countries people that I hired to work in my projects.
My father’s dream is to educate and teach computer skills to people from other countries to progress like Indian Subcontinent people. Indians are most successful people in IT. In US my daughter who is a medical doctor who is also good in computer science teaches Spanish kids computer science and math. She knows Spanish.
I would love to go there and see what it's like. But traveling solo I don't know if it's safe
Thank you for viewing and checking us out Annie! Safe travels!!
It’s is safe believe me , I’m from Scotland and lived here 37 years nothing ever happened ..been to the USA robbed twice in. Florida. Mmm I’ll stay in colombia
@@robertmiur2388
Interesting. I grew up in Florida ( Sarasota n Naples )….always safe. We will visit Colombia for sure…want to check out Manizales as a possible retirement spot. Currently living in Guatemala.
@@therehastobesomethingmoore I currently live in Cape Coral and work frequently in Naples. I love it here, but the cost of living is so high. No way to enjoy life if you want to live in a decent home.
@@anniesshenanigans3815
I grew up on Siesta Key off of Sarasota but lived 7-8 years in Naples…maybe 20 years ago. My best friend still lives there. Cost of living is crazy.
We currently live a very comfy life in Guatemala and without budgeting we spend $1100-$1200/month. Safe, friendly people, highs around 70 and lows around 50…Xela, Guatemala.
We would never consider moving back to the US.
As of very recently, there is no hunting nor fishing permitted in Columbia. Very telling in more ways than one!
Government announced EPS (and SURA) health care is about to drastically change as of June 1st so please research.
Excellent interview, very informative
Thank you!
I can’t thank you enough for this amazing interview. I have purchased a cabin in the Sierra Nevada mountains of Colombia and would so greatly appreciate it if I could possibly have a correspondence with your guest. is there anyway I can be put in contact with him, so that I could ask learn from his experience? Thank you again 🙏🏻
Yes, let me reach out to him to have him connect with you! Thank you for viewing!!
Send me your email here and ill pass it on to Randy. Cheers. Adventurefreaksss@gmail.com
Hello 👋 I just wanted to check back with you. I sent two emails separately to your Gmail account, in order to connect with Randy. I don’t see any responses from you, so I’m wondering if you just haven’t had a chance yet to respond, or if for some reason your messages are going into my junk email. Thank you 🙏🏻
@@LuciaMinca Hi, I've not received any emails from you and I just checked junk box as well. Send again to adventurefreaksss@gmail.com
Would be interested to know how he finds these beautiful homes. I’ve searched everywhere and can’t find something this cheap. Do you know if he helps people find places like these?
It's called "click bait"
If he put what's actually for sale, it would get no views 😂👍
There great baiters, master's at their trade, that's why we call cluck baiters "master baiters"😂👍🙏
I would like to team up to invite more Expats to our region!
Hi Adventure my name is Luis and after watching two videos on Randy’s interview would like to get in contact with him. I will be traveling to Manizales at the end of the year and would like to speak to him. Is it possible.
@@luismarquez8065 Hi Luis. Let me let Randy know and he can reply to you directly here!
@@adventurefreaksss Thank you so much that will be great. Muy agradecido 👍
Hey can you put me in touch with Randy? I'm looking to purchase a finca in that general area, unfortunately there are very few real estate brokers - at least that I could find online. Thanks, Dennis
What does he pay monthly for yard, pool, house etc. maintenance ?
Not sure if he pays anything but hopefully Randy will see this and reply. Cheers! Ré
Could someone please clarify what was said in the video? If you have $400,000 in the bank but don’t meet the monthly on SSI you won’t be able to live there permanently?
You have to show a steady stream of income of 800 per month. You would have to consult an immigration lawyer in Colombia to see if they could work out something with your savings. I suspect you would have to set up a fund per month that pays you, which would work! Thank you for viewing our content!
Few years back, the Colombian government would tax a foreginor on his SS or pension, is this still the case??
@@EamonnHogan-eu3qc Based on our info, if you obtain a retirement visa your pension will not be taxed at this time. Laws change frequently so it's always advisable to seek guidance before taking the leap! Thank you for viewing!!
The more isolated you are, the higher the danger of being robbed and forgotten about, unfortunately…
Most Americans have no clue about the cons of living in foreign countries.
Ranches and farms in the rural areas of the Coffee Triangle, Antioquia Province, central Colombia, and northern and central Valle del Cauca have very few issues with robbery and crime. It’s in southern and some parts of northern Colombia where it gets eerie.
Hey, can I be on your show? I live in Chinchina, Caldas...
Send me an email at adventurefreaksss@gmail.com. Thank you for reaching out!
Does he have to worry about insects entering the home?😮
In a tropical climate the answer is YES!!!!!!! Always going to have to deal with ants, roaches and a host of nasty little creatures.
Lol, if there are no screens that may be possible:)
It's all well and good but what happens when there is an extreme influx of expats in a small area, the cost of housing will inflate and become gentrified. Look at El Poblado in Medellin, Laureles and now Sabaneta where the price for a 2 bedroom was $600 now prices are going up to over $1000 because someone was willing to overpay. When Californians moved to Texas, a lot of them overpaid for houses which inflated the cost of homes. I really hope they do not come to Colombia and overpay to get what they want.
It would be nice when you come to Colombia for the cheap prices (85% of your conversation) you then don't go on and sell your house with a 50% profit :-) ... but I get it, it's complicated.
Min pension or SS ain't going to cut the mustard, when the US dollar drops in value, or Colombian pesos increases in value, when that happens, visa again gets denied, just like the house didn't appreciate with the min wage increase, therefore the investment visa went out the window, likewise with a bare bones min SS or pension, that too won't be enough
It is not true if you're on full social security which is around $3000 per month. Colombian pesos is not there to outsmart US dollar yet. A US husband and wife with full social security could bring about $6000 and their 401-K distribution or government pension could boost up to $10,000 per month. It is only a problem for people have unstable lifestyle. Colombia is a great country to retire. I have been there several times. Their infrastructure is so much better than many other countries in that vicinity. Every big cities and connected by either their luxury coach busses or plane. Flight is very cheap.
@@RameshKumar-zw1ch full social security is at the outrageous olde ripe age of sixty seven, and ya ain't gonna climb Mt everest, nor bang some FAP at that olde age. ....
Plus average social security income in USA is about eighteen hundred dollars,
Also, if one qualifies for retirement there, the Colombian govern taxes you, it may not be a high percentage, but it's still taxed, with some benefits like healthcare.
I've only Being to Colombia six times in the last six years, so i happen to.know a thing or two.
Unlike you, you have being there one time, correct, and you know it all, correct ...
@@EamonnHogan-eu3qc I am not going to disagree with you because I don’t know anything about Colombian taxation rules on US income. There is a 183 days stay rule like the one in USA from state to state residency rule. Also my assumption based on historical US dollar strength , the way things happening around the world tells me that is not true. I will withdraw my statement. Countries like Brazil and Argentina are better because you become regular citizen in 2-3 years. In Colombia it might take around 10 years.
@@RameshKumar-zw1ch please remember forex currency can become very volatile around the globe at any given time.
The Euro was $1.80 to USD, back in 2008, today it's almost 1:1, that's a huge dip in the Euro.
20 years ago, Thai baht to USD was $1 to 42 baht, today it's $1 to 36/ 37 baht, huge impact dip to retired Americans back then.
Same with Mexican peso, it was $1 to 25 pesos just 4 year's ago, it's now $1 to 18/19 pesos ..
I can give several of these examples, and all I can say these are huge chunk's percentage wise of loss of spending power to a retiree ...
Also, please remember, USA is $35 trillion in debt to its own taxpayers, by printing money out of thin air, so that in itself will take the inflated air out of the USD
Forex currency flucation + double taxation + hyper inflation like Venezuela / Argentina etc can flip over a retiree out of any country in a short time window.
My answer to that is have several back up plans, and while mobile (physically and mentally active) become familiar with several countries, their culture, costs etc, that way if you have to.make a change mid way in retirement, it's not the end of the world, cuz you have done it before, vs having to do it in mid 70 or in poor health.
I've only been to 44 countries, Vietnam in September will.be my 45th, so I kinda know a thing or two..
So this guy Randy says We Rented a finca. is the We a wife perhaps from Colombia or other Spanish decent? You have to be a Spanish Speaker to live in Colombia like this!!
I know as I lived in Colombia, Mexico, and Venezuela
YOU CAN NOT WATCH A YOU TUBE VIDEO AND JUST GO THERE AND LIVE LIKE A LOCAL IF YOU DON'T SPEAK SPANISH
But you can learn the language right?
Learn a new language at 50 or 60 years of age? Not impossible, but good luck.
Can a foreginor legally own a home and land in Colombia??
Yes you can.
I got a home for sale in the town of Aguachica!
@@nadicmark-4077Thank you for viewing! How much is your home and is there a link we can view?