[Tail Gunner]

(11-27-2017 06:56 PM)Vladimir Poontang Wrote:  

Quick question, because I didn't want to start a new thread. Is there a resource online that lists all countries and their rules for foreigners buying property / starting a business? I tried wikipedia but I couldn't find anything.

None that I know about. I wish that there was such a list. Having said that, I have read many articles that discussed the ability (and ease) of buying real estate or starting a business by comparing different nations in the same region (e.g., Asia, South America, Eastern Europe, etc.). For example, I know that Malaysia is one of the few nations in Asia where it is lawful for a foreigner to own land (even there, you cannot own agricultural land or low-value properties). But that does not necessarily mean that you should buy real estate in Malaysia as an investment. It makes far more sense if you actually wish to live there.

So my point is that, unless such a resource exists, you must first focus on a region and then perform the necessary research to make a comparison between countries. Once you identify the region, you should be able to locate articles that compare and contrast neighboring countries in the region. For example, just off the top of my head, Nomad Capitalist has written articles comparing countries in Eastern Europe; InvestAsian has written articles comparing countries in Asia; Live and Invest Overseas has written articles comparing countries in Latin America. Probably no one, however, has the expertise to compare countries on a worldwide basis. Good luck.

[Going strong]

(06-06-2017 03:42 AM)Shimmy Wrote:  

Another point about Chile real estate that makes it a bad investment is airbnb prices. I was able to find a place easily for less than half of what I paid in Bogota or Lima when I booked Santiago and did not have a hard time finding it. Bogota I actually stayed in a hotel once because I couldn't find a decent airbnb under $100/night.

I have been (back) to Santiago, a few weeks ago. Place has not improved at all. The center of Santiago is now, sadly, full of mostly-illegal African or Haitian migrants selling stuff. Cafes in the center, (you know which ones) are full of desperate Venezuelan prostitutes.

Concerning buying an apartment and doing AirBnB, no place in LatAm can beat Buenos Aires at the moment.

[Tail Gunner]

(11-27-2017 07:40 PM)Going strong Wrote:  

Concerning buying an apartment and doing AirBnB, no place in LatAm can beat Buenos Aires at the moment.

Do you mean value in terms of what you get for the money? Any idea what the net rental yields are there?

While I know that most investors are attracted to the premium neighborhoods of Recoleta, Palermo, and Puerto Madero (for good reason), supposedly San Telmo is an up-and-coming neighborhood that offers great character and good value.

[Off The Reservation]

This thread is back!

[Going strong]

(11-27-2017 07:54 PM)Tail Gunner Wrote:  

(11-27-2017 07:40 PM)Going strong Wrote:  

Concerning buying an apartment and doing AirBnB, no place in LatAm can beat Buenos Aires at the moment.

Do you mean value in terms of what you get for the money? Any idea what the net rental yields are there?

While I know that most investors are attracted to the premium neighborhoods of Recoleta, Palermo, and Puerto Madero (for good reason), supposedly San Telmo is an up-and-coming neighborhood that offers great character and good value.

AirBnb is almost always on fully-book in Buenos Aires. Think 40 usd per night for a quite big studio in an OK location. Studio that you'd be able to buy at say, 75.000 usd.

Now, concerning rental yields, it depends if you rent short-term furnished : 900 usd per month for said studio (or even better, advertise on Airbnb), or if you let long-term to employed people with local "guarantee" (then you'll get no more than 450 usd month)... do the maths. Not bad at all!

Contact me by PM if you want more precise info. I am looking into this market myself, and am currently in BsAs...

Puerto Madero is very expensive per square meter and I would say, (commercially) under threat, I'll tell you why by PM if you want. San Telmo has many pros (its "great character" notably), assets but also some cons, flaws (its "untidy character" notably)...

[RatInTheWoods]

Buy a condo in Phuket.

$80K on the beach, cheap living, sunshine, great beaches, poosy paradise and full of beautiful friendly Thai people.

Bonus endless stream of hrony Euros and Russians to game if you get sick of local talent.

[worldtraveler3]

Isn’t 80k too little for Phuket? I knew a friend who bought a villa there for few million dollars though a local company. And do you rent them out during the times you are not there? Or just use it personally for few weeks a year.

[Going strong]

By the way, pay attention to the presidential elections in Chile. Center-Right Pinera was the great favorite, but he is now under real threat from a leftist candidate with, sadly, a French name... It's because a new force has emerged in Chile (taking votes from Pinera), a Nationalist-Right candidate, fueled by the fear Chilean people experience at the sight of the massive migrations (Haitians especially, but also Venezuelans) taking place in Santiago.

(Venezuelan migrant chicks are a blessing though, but you'd have to be fast, to get'em before they find a sponsor...)

The Haitian threat to Chile: http://www.latercera.com/noticia/haitian...-migrante/
https://es.wikipedia.org/wiki/Inmigraci%...a_en_Chile They even brought the lepra from Haiti!!

"Según señaló La Tercera, entre julio y septiembre de 2017, ciudadanos de ese país representan cerca del 10% del trabajo migrante.

Las cifras distan muchísimo de lo que se vivió en 2013, cuando apenas tenían el 1% de los trabajadores."

[Tail Gunner]

(11-30-2017 11:51 AM)Going strong Wrote:  

By the way, pay attention to the presidential elections in Chile. Center-Right Pinera was the great favorite, but he is now under real threat from a leftist candidate with, sadly, a French name... It's because a new force has emerged in Chile (taking votes from Pinera), a Nationalist-Right candidate, fueled by the fear Chilean people experience at the sight of the massive migrations (Haitians especially, but also Venezuelans) taking place in Santiago.

The answer is very simple: Pinera needs to address those legitimate fears regarding unbridled immigration, even if it involves a rather modest proposal such as placing a cap on immigration that balances the humane need to help the less fortunate with the even greater need to protect Chile's own citizens (which, after all, is government's central role). It is amazing how many nations are committing cultural suicide by allowing unbridled immigration (and I say that as someone who's own father was a legal immigrant to the U.S.).

While I have great empathy for the people of Venezuela and Haiti, in a democracy the people ultimately get the government they deserve. So, they did this to themselves and, thus, the people of Chile must come first. Of course, if the people of Chile allow unbridled immigration by electing the socialist candidate then they also get the government they deserve.

[BoiBoi]

As far as I know, the solution to stop the Haitian migration to Chile would be fairly easy, just stop to hand out tourist visas to Haitians. When I was working there last year, I read in the papers that about 90% of the Haitians enter Chile on a tourist visa and then just won't leave. (Who gives out tourist visas to Haitians anyway? Chile must be one of the only countries in the world.)

I had to go to the migration office in Santiago once to do some paperwork and the place looked like Africa with a few other Latinos sprinkled in. Chile is basically going from a very homogenic white society to something that will resemble Brazil in a few years. Well, at least unlike the situation in Europe there are also girls among the migrants.