Real Estate cap rates and rental yields in Medellin, Colombia
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- เผยแพร่เมื่อ 3 ส.ค. 2024
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Previous video of this apartment in Medellin: • Great rental yields on...
Last year I spent time in Medellin and Mauricio showed me a nice apartment el Poblado which he said could net 6.7% in yield after all expenses.
I went back to Medellin a year later to look at the ACTUAL numbers to see if he had over promised.
📌 Full article on investing in real estate in Medellin, Colombia: thewanderinginvestor.com/inte...
📌 My real estate lawyer in Colombia explains how to properly do such a transaction in Colombia: thewanderinginvestor.com/serv...
00:00 Introduction
00:25 Holding Mauricio accountable for his commitments
01:45 breakdown of Airbnb earnings per month in Medellin
02:05 Depreciation of the Colombian Peso
03:20 Occupancy rates Airbnb Medellin
04:05 Airbnb regulations in Colombia
05:00 Impact of Colombia Digital Nomad visa on real estate in Medellin
05:30 Expenses linked to an Airbnb apartment in Medellin
06:45 Actual capitalization rates for real estate in Medellin
09:15 Risks of investing in Colombian real estate
09:25 Impact of Petro election on real estate in Colombia
09:50 Impact of Peso depreciation on Colombian real estate
12:45 Low price per square foot / square meter in Medellin
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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.
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Get in touch with Mauricio: thewanderinginvestor.com/services/international-real-estate-services/my-favourite-real-estate-agent-in-medellin-colombia/
Yet another very informative video from the Wandering Investor! Thank you!
Thank you, very interesting follow-up and impressive yield.
Your agent is doing an outstanding job.
Nice information bro thanks for the video
Very professionnal . Thank you
well balanced and, based on my own experience, absolutely realistic
Wow! Amazing investment.. Very detailed video I like it!
Thank you ☺️
Fantastic channel, tks!
Thank you ☺️ spread the word
Hope there’s a video coming about the apartment you find for your family member
Thanks for the information. What about income tax on the rental income?
A good accountant can help mitigate a lot of it.
Thanks for this "follow up". Very informative. Are there any currency restrictions in terms of sending money out of the country? Have you accounted for the cost of converting currency to USD? Can someone open a USD account in Columbia? Maybe open a USD bank account in Panama...
I did not account for the cost of converting currency. Add about 1% each way. Getting money out of the country is not an issue IF you brought the money in legally and made a central bank declaration, which your lawyer should do for you when purchasing the property.
@@TheWanderingInvestor thanks for your response. Do you get the sense that investors who purchase real estate in Columbia leave their profits in the country? Another way of asking my question is - is this type of investment best suited for an investor planning to live in Columbia himself/herself and use the profits from the investment property to live on? Or is it realistic to take pesos out on a monthly basis and convert to USD?
@@WolfBoehme It’s very realistic to take your money out on a monthly basis.
Most investors don’t live in Colombia.
@@TheWanderingInvestor Thanks! I don't want to pry into the arrangement your relative is contemplating, but do you anticipate that person would want to purchase the property in his/her name or set up a company or other investment vehicle to hold the title to the property? All the best, Wolf
@@WolfBoehme It depends on what people want and their personal situation, but most people buy in their own name or using a local civil trust.
3 grand a month? That is mad expensive compare to Costa Rica.
What could be expected for an increase in property value year over year?
I don’t know. But as long as the COP depreciates I wouldn’t count on major USD gains. I see it as a yield play.
@@TheWanderingInvestor Thank you for all your content. It's been extremely valuable in planning my exodus from Canada.
That's quite a solid outcome but What's the Columbian sourced income tax for non-residents, quick search tell me 25%?
A good accountant helps mitigate this
@@TheWanderingInvestor wound you please discuss more about this?
If the party who manages your investment can do source withholding for the DIAN, you should get away with 20% source withholding
I like the price, I hope investing in real estate in Columbia can lead into citizenship.😉
Not anymore, it did offer a great residency with path to citizenship until September. The rules changed.
@@TheWanderingInvestorwhat happend
@@psacards7778 the governemnt changed the rules
It’s COLOMBIA, not Columbia! First rule to get any document approved in there.
All that for a non-leveraged 6% cap... yikes. That same year, so basically 2 years ago, you could have 5x leveraged a US property and made returns north of 100%... Wasn't a smart move man. Apartment doesn't even look nice for $150k, you got scammed, especially for that rate 2 years ago.