Step-by-Step Process of Buying Real Estate In Medellin

Поделиться
HTML-код
  • Опубликовано: 26 авг 2024

Комментарии • 194

  • @MedellinBuzz
    @MedellinBuzz  Год назад +4

    📍 This apartment on airbnb: airbnb.com/h/balance401
    ✅ Move To Medellin: medellinmasterclass.com/
    ☎ Book A Zoom or In-Person Consultation: tinyurl.com/33wadrzt
    📧 Join my free newsletter: eepurl.com/hWym2j
    💓 Donate: paypal.me/andrewmacia/
    👕 My Medellin T-Shirts: www.bonfire.com/store/medellin/

    • @firstlast3192
      @firstlast3192 8 месяцев назад

      Hi, do you have a 1 bedroom or no of a decent one from someone else?

  • @johnrencher442
    @johnrencher442 4 месяца назад +5

    Currently living in Ocala Florida, I am searching for a retirement plan to get the hell out of the USA, taxes, insurance, cost of living is just outta of control…Thank you for sharing… Continue success to you…

    • @MedellinBuzz
      @MedellinBuzz  15 дней назад +1

      @@johnrencher442 thank you! 🙏

  • @svc6550
    @svc6550 7 месяцев назад +5

    Would love a video on some of your suppliers for furnishings and rehab

  • @matthardrick1462
    @matthardrick1462 Год назад +9

    Great video! Most of this info I had to find out on my own. Good info for first timers

    • @MedellinBuzz
      @MedellinBuzz  Год назад +3

      Yeah, we went through 4 different contractors until we found our go-to guy. Thank you!

    • @matthardrick1462
      @matthardrick1462 Год назад +1

      @MedellinBuzz I have had some with quality work, but I don't think I've found anyone in Medellín that I'd say works quickly. My experience with projects is that they will normally take double the amount of time from what I'd expect a US/Mexico contractor to do it in

  • @lawrencelatorre7447
    @lawrencelatorre7447 3 месяца назад +2

    Greetings from Puerto Rico. This was a superb video and very thorough. I enjoyed it immensely. Great information and advice. Very professional. I liked it so much I subscribed to your channel. Infinite Blessings!!!!! ✌️♥️🙏🇵🇷

    • @MedellinBuzz
      @MedellinBuzz  3 месяца назад +1

      Que mas pues parcero! 🙏 thank you! 😊

  • @1879gym
    @1879gym 9 месяцев назад +2

    Really nice place, good job! It's refreshing to see a content creator with true boots on the ground… not just google y faldas…

    • @MedellinBuzz
      @MedellinBuzz  9 месяцев назад

      Thank you appreciate the comment!

  • @christopherpaul9319
    @christopherpaul9319 Месяц назад +1

    Excellent job on the remodel. I’m curious: what area 2. Price per sqft now 3. Cost to remodel 4. How much do you rent out for? I appreciate your time and input. 🙏

  • @georgesandoval1937
    @georgesandoval1937 Год назад +4

    Thanks 🙏
    For all of the information
    It's worth millions
    I hope for your channel to grow have many many many more views

    • @MedellinBuzz
      @MedellinBuzz  Год назад

      Goerges, thank you so much. I really appreciate the love!

  • @jorgedurazo7973
    @jorgedurazo7973 10 месяцев назад +2

    Not bad for a kid from HB!!! Beautiful Condo.
    We’re visiting in 10 days and your videos have been super informative.

    • @MedellinBuzz
      @MedellinBuzz  10 месяцев назад +1

      Thanks. Glad it was helpful!

    • @75pdubs
      @75pdubs 9 месяцев назад +1

      How was your visit?

  • @arlingtonag6736
    @arlingtonag6736 3 месяца назад +2

    Sick place Bro!!!

  • @crystal6770
    @crystal6770 10 месяцев назад +1

    I just came back from Medellín and absolutely fell in love with it. I stayed in the presidential suite at Saint Thomas. We had another BnB in Provenza as well. I would love to own property there.

    • @MedellinBuzz
      @MedellinBuzz  10 месяцев назад +1

      Yeah it’s crazy how great life can be.

  • @rociomacia8849
    @rociomacia8849 Год назад +1

    Great info, I am in the process of getting a loan for a property in Medellin. I’ve also stayed in one of his Barricharra penthouse apartments in El Poblado Medellin. Amazing stay close to everything and super safe.

    • @MedellinBuzz
      @MedellinBuzz  Год назад +1

      You’re the best sister ever! 🥰

  • @VanessaOcampo
    @VanessaOcampo 9 месяцев назад +1

    I’m giving the apt a 99
    The only thing I would have done differently was the TV on the side wall of the bedroom… unless… that TV Mount extracts outwards from the wall.
    AMAZING Property
    AWESOME Reno/Finishes!
    Just sold my Airbnb Home in Mobile AL
    Made $75k in a 2 year investment.
    Can’t wait to get to Colombia and check out some properties!
    Thank you so much for all of the advice as well!
    Gracias por todo!

    • @MedellinBuzz
      @MedellinBuzz  9 месяцев назад +1

      Haha, thank you! Yes, it does extend out and rotates. I'm working on a free Colombia Real Estate GUIDE with my team at MedellinMasterclass.com. It'll be out next week for you to grab for free. Thanks for the kind words, and congrats on your success with your Airbnb sale!

    • @firstlast3192
      @firstlast3192 8 месяцев назад

      @@MedellinBuzz Hi, has that free guide come out yet?

  • @bogardsparks2801
    @bogardsparks2801 Год назад +1

    I was wrong about you . Seem like a solid guy. I’ll connect with you soon.

  • @stephenjurgella5594
    @stephenjurgella5594 5 месяцев назад +1

    Great video. Just started looking in Bogota.

  • @paulashwell1604
    @paulashwell1604 9 месяцев назад +1

    This is an awesome video - thanks Andrew

    • @MedellinBuzz
      @MedellinBuzz  9 месяцев назад +1

      You’re welcome! Cheers.

  • @gunghogringo
    @gunghogringo Год назад +4

    Goals, brother. I applaud you for your determination and persistence after being deported and having to start over. I would like to do something like this, eventually. I suppose I could go back to the US and work for several years and then come back but I really do NOT want to leave Medellín. I have no choice but to figure it out though!
    Awesome video!

    • @MedellinBuzz
      @MedellinBuzz  Год назад +3

      You got this my guy. Here's a simple thing I learned...find out the problems rich people (or companies have) and help them solve them. Eventually, you'll be rich. Figure out your talents and help other grow and as they get rich, you get rich.

  • @Cins2cents
    @Cins2cents 6 месяцев назад

    Great video! I hope to purchase something in Medellin. I love it there.

  • @tiagomartins2363
    @tiagomartins2363 Месяц назад +1

    Great job with remodeling

  • @Jyushua
    @Jyushua 9 месяцев назад +1

    This unit is fantastic!!

  • @TomBath
    @TomBath Год назад +1

    Great advice! Thanks for this.

  • @GMacII
    @GMacII Год назад +13

    Whoa 🤯 this unit is NICE! Do you mind sharing with us the purchase price and rehab costs?

    • @MedellinBuzz
      @MedellinBuzz  Год назад +25

      Yeah I bought this one for about $73,000 and put about $20,000 into construction and furnishing.

    • @matthardrick1462
      @matthardrick1462 Год назад +2

      That's awesome

    • @VelkoAuto
      @VelkoAuto 11 месяцев назад +1

      Very nice apto, is this in a “conjunto cerrado?” And in which municipio is this located? Keep the good work, nice content. 👍

    • @MedellinBuzz
      @MedellinBuzz  11 месяцев назад +3

      @@VelkoAuto no this is a 5 story building with no security in el poblado.

    • @VelkoAuto
      @VelkoAuto 11 месяцев назад +1

      @@MedellinBuzz All right man, guess it is better with no security or portero for Aibnb, right? thanks

  • @martinhasenbosch5563
    @martinhasenbosch5563 8 месяцев назад +1

    thank you for the information!!

  • @MANZANOADRIAN
    @MANZANOADRIAN 8 месяцев назад +3

    taxes maintence?

  • @RamiTravel
    @RamiTravel 10 месяцев назад +1

    I hope soon I can buy Apartment in Poblado Medellin with nice views and design my own place . These in Airbnb dont know how to design casa =)

    • @MedellinBuzz
      @MedellinBuzz  10 месяцев назад +1

      Yeah it’s very satisfying to remodel a property. I hope you find what you’re looking for. 👍

  • @DAT809
    @DAT809 2 месяца назад +1

    Nice pad....Im not interested in living in Colombia since Im married....hehe! I would like to get an investment property though....but never even set foot in Colombia.

  • @OrangebarsInc
    @OrangebarsInc 11 месяцев назад +1

    love your videos man, keep"em coming

  • @DAT809
    @DAT809 2 месяца назад +1

    how about 50/50 pm s property...i could do 100k.

  • @punnymoney3692
    @punnymoney3692 Год назад +1

    New Sub!! I might have to link with you guys :D I have my hands in a bit of everything.

    • @MedellinBuzz
      @MedellinBuzz  Год назад +1

      Nice. Hit me up when you’re down here.

  • @jaimeperez8731
    @jaimeperez8731 2 месяца назад +1

    Lookin for an attorney. I'm visiting next week

    • @MedellinBuzz
      @MedellinBuzz  2 месяца назад +1

      Contact Nexo.legal let em know I sent you.

  • @thomasricardo9833
    @thomasricardo9833 11 месяцев назад +1

    Great video and value👍

  • @bernarddouthit4647
    @bernarddouthit4647 Год назад +2

    Andrew - thank you for making yet another great video. This is super helpful. As I might have mentioned, I own property here in Denver and I'm thinking seriously about selling it and using some of the proceeds to buy a place or two in Medellin. You mention the need to register your property with a local bank in Colombia. Is this like a national title service?

    • @MedellinBuzz
      @MedellinBuzz  Год назад +1

      It's more for governmental control, this is what chat GPT says: These steps are essential to comply with Colombian regulations when registering your investment with the National Bank. It's important to note that foreign investments in Colombia require this registration for statistical purposes[9]. Additionally, if you are considering real estate investments in Colombia, these steps apply to ensure your investment is properly registered[3][11].
      Regardless, any real estate lawyer could help with that step.

    • @654472
      @654472 11 месяцев назад +1

      Bro , you should make this topic in Spanish so my wife can listen to it .I ,we want to make a move there . Thankyou.

  • @earthsigned
    @earthsigned Год назад +2

    This is the most beautiful apartment that I have viewed, online, in Medellin. Did you consult with designers?

    • @MedellinBuzz
      @MedellinBuzz  Год назад +2

      Yes, there's a designer and a contractor. They're amazing.

    • @majorarif2140
      @majorarif2140 9 месяцев назад

      @@MedellinBuzzcan you please share?

  • @Jsmash_424
    @Jsmash_424 Год назад +2

    Thank you for this info!🙏🏾 need this

    • @MedellinBuzz
      @MedellinBuzz  Год назад

      You're welcome, glad you liked it. Thanks!

  • @tmack2506
    @tmack2506 Год назад +3

    Awesome apartment. Great information! I am renting an apartment but I am looking to buy.

  • @GuessWho-pq1or
    @GuessWho-pq1or 4 месяца назад +1

    Great video. Good advice. Neat apartment, but looks small (how many SM in it?). Just for my curiosity, for how much a such apartment is for sale today in Medellin? (Not in El Poblado or Laurels). I am looking to buy some place like this in Colombia, but maybe not in Medellin where prices now artificially inflated. Bucaramanga, Manizalles or Pereira would be nice. I kerp my eye on some websites such as Metrocuadrado and such, but even after contacting them through WhatsApp things did not go much anywhere. Do you have names of attorneys available in Colombia one can trust? Cheers from 🇨🇦

  • @royal-enfield1
    @royal-enfield1 9 месяцев назад +1

    wow excellent flawless workmanship ,
    did u hire an architect to do the remodeling .
    & whats the best way to book the apartment ?

    • @MedellinBuzz
      @MedellinBuzz  9 месяцев назад +1

      No I used a designer and a great contractor.

  • @conociendoconrocio1824
    @conociendoconrocio1824 Год назад +2

    Beautiful 😍👍🙏

  • @stephaniealvarez4586
    @stephaniealvarez4586 16 дней назад +1

    Can you share the FB expat groups?

    • @MedellinBuzz
      @MedellinBuzz  16 дней назад +1

      Look up GrigoPaisa and MedellinForNonJerks

  • @JosePedroza-g9n
    @JosePedroza-g9n Месяц назад +1

    Hello, I'm planning to purchase an apartment is Medellin, can you recommend an Athronie attorney

    • @MedellinBuzz
      @MedellinBuzz  Месяц назад

      Yeah, absolutely. Contact Nexo.legal, also if you need help finding the apartment, me and my team can help, you can email me at medellinbuzzandrew@gmail.com

  • @user-hk2mi6se2h
    @user-hk2mi6se2h 15 дней назад +1

    What is the net annual rental yield of an apartment in Medellin (ROI)? I mean after deducting all expenses, including management company, electricity, etc.

    • @MedellinBuzz
      @MedellinBuzz  15 дней назад +2

      @@user-hk2mi6se2h about 15 average over 5 years

    • @user-hk2mi6se2h
      @user-hk2mi6se2h 15 дней назад +1

      @@MedellinBuzz 15%?! It’s awesome

    • @MedellinBuzz
      @MedellinBuzz  15 дней назад +1

      @@user-hk2mi6se2h yep that’s not normal though. I do all the management and marketing in house.

  • @user-rw311
    @user-rw311 4 месяца назад +1

    I have a question for you. how much interest can i get in a Colombian savings account if I deposited 100,000$ USA dollars. I've heard it's 15% interest is that even possible

    • @MedellinBuzz
      @MedellinBuzz  4 месяца назад +1

      No that would not be the interest rate of a savings account here. In Colombia there are investment accounts such as CDTs and depending on the bank you can find rates as high as 15%

  • @superstarjones382
    @superstarjones382 11 месяцев назад +1

    Andrew nice informative video. Are you talking about a brokerage accound like Merill Lynch, Charles Swab, TD Ameritrade etc? Also, why is it important to register the purchase of the property? Thanks!

    • @MedellinBuzz
      @MedellinBuzz  11 месяцев назад +2

      Hi, thanks for the compliment. Yes, but it's a Colombian brokerage firm, one of the most popular is, Alianza Valores. As for the importance of registering your investment with El Banco De La Republica because "Foreign investment into Colombia must be registered with the central bank in order to secure the right to repatriate capital and profits." I got that from the US Dept of State site, tinyurl.com/46kuhwph. Furthermore, my friend, and attorney, Alan Gongora has a great video on the topic here, ruclips.net/video/cSAjEkzvgHU/видео.html

    • @superstarjones382
      @superstarjones382 11 месяцев назад +1

      @@MedellinBuzz great thanks

  • @helenrodriguez1662
    @helenrodriguez1662 6 месяцев назад +1

    Great info! Do you have an attorney you may recommend? Starting the process 🙏🏼👍🏼

    • @MedellinBuzz
      @MedellinBuzz  6 месяцев назад +1

      Yes, hit up Nexo.legal they speak English too. Let them know that Andrew Macia sent you. Cheers!

  • @user-by7pe4ru3r
    @user-by7pe4ru3r 5 месяцев назад +1

    Great video!! How long does the whole process usually take? 6 months? 1 year? I plan on visiting Colombia soon but want to have an idea of how long I should plan on staying. Thanks in advance.

    • @MedellinBuzz
      @MedellinBuzz  5 месяцев назад +2

      We just helped someone close in 1 month. It just depends.

  • @ashsahib2458
    @ashsahib2458 Год назад +1

    Very Elegant & Classy. I am visiting Medellin sometime in November 23.
    Looking to purchasing & renovating. Would it be possible to meet or get your decorators name & tel no ?
    Awesome video. Thanks & have a fantastic day.

  • @AKJoel
    @AKJoel Год назад +2

    Great info!

  • @ronaldgomez608
    @ronaldgomez608 29 дней назад +1

    How do I get financing in colombia?

    • @MedellinBuzz
      @MedellinBuzz  29 дней назад +1

      @@ronaldgomez608 just like in the US. You build credit and apply for a loan. Could take 2 to 4 years to do that. You can also look at blueprint projects where the constructor helps you qualify for a loan, again, that usually takes about 2 years.

  • @mishoivanovski6760
    @mishoivanovski6760 Год назад +2

    Very helpful
    Thank you

  • @ptm8375
    @ptm8375 11 месяцев назад +1

    Thats about the lowest price you find in el poblado about 80k. My gf home is far away from the el poblado luxury..but it only costed 4600 bucks lol..

  • @darfel1
    @darfel1 3 месяца назад +1

    Where can I find your rentals?

    • @MedellinBuzz
      @MedellinBuzz  3 месяца назад +1

      Right here:
      airbnb.com/h/terra-202
      airbnb.com/h/balance401
      YT: ruclips.net/video/QXkM7d1F8XE/видео.html

  • @henkpieterse3830
    @henkpieterse3830 Год назад +1

    Awesome video again!👍 Which facebook group can you recommend for local listings? Thank you.

    • @MedellinBuzz
      @MedellinBuzz  Год назад +1

      Thanks! You can search on facebook for "apartamentos venta medellin" and you'll find a bunch, this one has 70K members, facebook.com/groups/ApartamentosenArriendoMedellin. Also, you can check facebook market place.

  • @elduro76
    @elduro76 6 месяцев назад +1

    Any attorney suggestions? I'm looking into buying my first property in Colombia soon.

    • @MedellinBuzz
      @MedellinBuzz  6 месяцев назад +1

      Yeah google, Nexo.legal. Tell them that I referred you. They're great. If you need more coaching check out the MedellinMasterclass.com

  • @firstlast3192
    @firstlast3192 8 месяцев назад +1

    Hi, do you have a 1 bedroom to rent or know of a decent one from someone else?

  • @majorarif2140
    @majorarif2140 9 месяцев назад +1

    🤯 can you please refer you contractor for the reno?

    • @MedellinBuzz
      @MedellinBuzz  9 месяцев назад

      Sure, email me at medellinbuzzandrew@gmail.com. Cheers!

  • @brightonshores
    @brightonshores 4 месяца назад +1

    ['m looking to buy in Cartagena in condo 5 minute walk from airport my friend from canada,where i'm from has lived there about 4yrs[he invested a lot in real estate and companies and finca & got married] so has visa already. my friend has a lawyer and said its about 2000000 cop for lawyer when buying property, is that accurate or gringo pricing? i was told its best to take $ out of canadian /US bank to buy house/condo while there as tourist[no visa/buy condo 1st then apply for visa? thats how he did it in 2019 np? and for investment visa i was told it was 350x the yrly avg insme of 1,300,000 so today 455,000,000 cop real estate investment is enough for investment visa minimum? any answers would b appreciated thx great info!

    • @MedellinBuzz
      @MedellinBuzz  3 месяца назад +1

      Firstly, 2 million COP for a real estate attorney is pretty good. There are certainly more expensive ones...that are very reputable, check out Nexo.legal. Second, yes you can get the investor visa after purchasing the property. Make sure you're working with a competent attorney, though. There are a few pitfalls to avoid. I would recommend you check out the MedellinMasterclass.com where we go over all of that.

  • @rrnrinvestments
    @rrnrinvestments 7 месяцев назад +1

    Hello Andrew happy new years!! when renting in colombia what are the deposits like?

    • @MedellinBuzz
      @MedellinBuzz  7 месяцев назад

      Usually 1 month's rent. Just the first month's rent. That's if you're going the local rout, with a local ID, credit check, and a co-signer. If you don't have all that, there are some companies that may charge a security deposit and a couple of months rent up front.

  • @dbl2trpl3
    @dbl2trpl3 6 месяцев назад +1

    Hey! I’m interested in those expat groups.

    • @MedellinBuzz
      @MedellinBuzz  6 месяцев назад +1

      Just googe "MDEcommunity"

  • @mapainter67
    @mapainter67 11 месяцев назад +1

    I am coming to Columbia fir a couole of months. I would be interested if you this or similar rentals for short term

    • @MedellinBuzz
      @MedellinBuzz  11 месяцев назад +1

      Hi, I only do monthlies, but you can check out my friend Rick's listings here: www.airbnb.com/users/show/9747502

  • @JAYY_JAYY
    @JAYY_JAYY Год назад +1

    I will be in Medellin in December I may book your unit .
    Also did you do the work yourself?

    • @MedellinBuzz
      @MedellinBuzz  Год назад

      Jay, sounds good! I did not, I have a designer and a contractor. I think they did an amazing job.

  • @jorgeperdomo91
    @jorgeperdomo91 10 месяцев назад +1

    When you say a borkarage firm are talking a bout a firm like Rovinhood?

    • @MedellinBuzz
      @MedellinBuzz  10 месяцев назад +2

      A Colombian brokerage firm like Acciones y Valores

  • @firstlast3192
    @firstlast3192 8 месяцев назад +1

    When you say use a brokerage firm, is that like my Vanguard brokerage account?

    • @MedellinBuzz
      @MedellinBuzz  8 месяцев назад +2

      No, a Colombian brokerage firm like Alianza or Acciones y Valores.

  • @robertmuir1938
    @robertmuir1938 Год назад +2

    Bueatiful appartment congradulations

  • @djmagyver1
    @djmagyver1 8 месяцев назад +1

    Hello, I’m just returning back from Medellin and I had a question how would I go about buying a complete multi unit building or where would I go to find listings for the complete multi unit building?

    • @MedellinBuzz
      @MedellinBuzz  8 месяцев назад +1

      I'm in the beginning stages of working on my first building. I'll be updating you on how that goes. I've never done it, so I'm learning the ropes.

    • @djmagyver1
      @djmagyver1 8 месяцев назад +1

      @@MedellinBuzz this sounds very interesting. I have a business that does security installations, cameras, card, access, door readers, and Wi-Fi and network. I will try to look for your email to ask you more questions about this upcoming project. I’m very interested.

  • @tealamonster
    @tealamonster 10 месяцев назад +1

    is it possible to send the money to your own lawyer in trust?

    • @MedellinBuzz
      @MedellinBuzz  10 месяцев назад +1

      Yes of course, but make sure you trust them very well.

  • @firstlast3192
    @firstlast3192 8 месяцев назад +1

    How is it in finding quality contractors to do any rehab?

    • @MedellinBuzz
      @MedellinBuzz  8 месяцев назад +2

      It's best to go with someone that is recommended.

  • @wilsonbaeza4384
    @wilsonbaeza4384 11 месяцев назад +1

    Hi, can you refer me to a real estate lawyer I have a property I want to buy and I need help verifying title, thanks I'm Colombian and I got my cedula, contrasena today.

    • @MedellinBuzz
      @MedellinBuzz  11 месяцев назад +1

      Hi, sure, the guys that we've worked with for the MedellinMasterclass.com are Nexo, nexo.legal/. Hope all goes well!

  • @McFanick
    @McFanick 11 месяцев назад +1

    There's LaHaus

  • @coolandy23
    @coolandy23 Год назад +1

    What happened to the podcast?

    • @MedellinBuzz
      @MedellinBuzz  Год назад

      Yo, what's up! It got put on hold indefinitely.

  • @firstlast3192
    @firstlast3192 8 месяцев назад +1

    Is it difficult to find high end quality like it appears is in your unit and is the cost reasonable?

    • @MedellinBuzz
      @MedellinBuzz  8 месяцев назад +2

      No. It took me about $20K to furnish and decorate the entire place.

  • @Whosurdaddy71
    @Whosurdaddy71 Год назад +2

    What’s the typical ROI on places like that?

    • @MedellinBuzz
      @MedellinBuzz  Год назад +3

      Mine, for the last 3 years, has been about 20%. I'll make a separate video about that...and the Airbnb biz here in Colombia.

    • @Whosurdaddy71
      @Whosurdaddy71 Год назад +1

      Only 20% return in 3 years? Doesn’t sound that good. I look for 100% in 5 years or less.

    • @harryrendel8130
      @harryrendel8130 Год назад +1

      @@MedellinBuzz do you mean 20% p.a. (which would be awesome) or cumulative 20% over three years which might be a bit on the low side and in which currency, U$ or COP?

    • @MedellinBuzz
      @MedellinBuzz  Год назад +2

      Yeah 20% PA complete investment paid off in about 5-6 years depending on vacancies.
      @@harryrendel8130

    • @Whosurdaddy71
      @Whosurdaddy71 Год назад +1

      @@MedellinBuzz House price plus renovations completely paid back in 5 years just off rents. Not counting the little stuff like maint and depreciation and such just a quick number.

  • @thebull0044
    @thebull0044 3 месяца назад +1

    Please send me some expat groups so I can find a good attorney.

    • @MedellinBuzz
      @MedellinBuzz  3 месяца назад

      Just go in Facebook and search. There are many man.

  • @firstlast3192
    @firstlast3192 8 месяцев назад +1

    Is a property 'inspection' part of the process?

    • @MedellinBuzz
      @MedellinBuzz  8 месяцев назад +2

      It's not a part of the legal process if you're buying cash. But if you have a Colombian mortgage it is part of their process.

  • @GMacII
    @GMacII Год назад +2

    @Medillin Buzz are the property owners accustomed to doing ‘Owner Finance’ deals? Meaning taking over mortgage payments and paying the owner equal installments overtime.

    • @MedellinBuzz
      @MedellinBuzz  Год назад +1

      I haven't seen too many owner-financed deals here or rent-to-own deals. They're pretty old school here.

    • @matthardrick1462
      @matthardrick1462 Год назад +2

      90% of Colombian property is unmortgaged and finding an owner willing to do that I say would be rare because property well priced does not sit long with many people ready to buy now

    • @GMacII
      @GMacII Год назад +1

      @@MedellinBuzz have you heard of making sure a home is ‘Express Sanitized’ before purchasing? due to some properties still being held in the name of former/current cartel.

    • @MedellinBuzz
      @MedellinBuzz  Год назад

      @@GMacII yes I have, but according to my lawyers, Alan Gongora, and Nexo law, out of thousands of properties they've helped clients purchase, the percentage of properties with dirty titles is less very low about 5% low.

    • @GMacII
      @GMacII Год назад +1

      Okay, awesome that's good to hear. I'll be connecting with you very soon. I'm scheduling to be back down in Bogota in October, then will make my way over to Medellin@@MedellinBuzz

  • @flaco6194
    @flaco6194 11 месяцев назад +1

    Is it possible to fully purchase a house/apartment in Colombia all in one go, or do i have to for some reason pay in payments?

    • @MedellinBuzz
      @MedellinBuzz  11 месяцев назад +2

      Yes it is. I've done all mine like that. The most important part is to figure out how you're going to get the money over here either through wire transfer to your bank account here, or via Brockerage.

    • @flaco6194
      @flaco6194 11 месяцев назад +1

      Okay, and once I purchase a house, do I have to actually live there for five years or just own that house for five years in order to get my citizenship?

    • @MedellinBuzz
      @MedellinBuzz  11 месяцев назад +1

      As far as I know, you can live in it or rent it out. Regardless, you should hit up the lawyers at Nexo for more poignant answers. nexo.legal/@@flaco6194

  • @djboogieboy
    @djboogieboy 11 месяцев назад +1

    👍

  • @realist6482
    @realist6482 11 месяцев назад +1

    You’re not saying how much for example: $20,000 usd or $30,000

    • @MedellinBuzz
      @MedellinBuzz  11 месяцев назад +3

      This property was purchased for about $70,000 + $20,000 for the remodel and furniture/decoration.

  • @rickyrich9594
    @rickyrich9594 Год назад +1

    what are the names of the facebook groups?

    • @MedellinBuzz
      @MedellinBuzz  Год назад

      Yo, on facebook you can look up "apartamentos venta medellin" and you'll find a bunch. For example this one has more that 70K members: facebook.com/groups/ApartamentosenArriendoMedellin, Facebook marketplace can be a good resource too.

    • @rickyrich9594
      @rickyrich9594 Год назад

      @@MedellinBuzz thank you

  • @vmedia8324
    @vmedia8324 Год назад +2

    Beautiful apt

  • @elephantmoney
    @elephantmoney 10 месяцев назад +1

    Dang bro. How the heck did you afford 5 properties?

    • @MedellinBuzz
      @MedellinBuzz  10 месяцев назад +2

      My business partner and I started a digital marketing agency.

    • @elephantmoney
      @elephantmoney 10 месяцев назад

      @@MedellinBuzz wow awesome job man!

  • @DaveL5656
    @DaveL5656 Год назад +2

    Beautiful property. Do you rent it?

    • @MedellinBuzz
      @MedellinBuzz  Год назад

      Yes, it's on airbnb, airbnb.com/h/balance401

    • @DaveL5656
      @DaveL5656 Год назад +1

      @MedellinBuzz lmao Wasn't your last master class title "Stop using Airbnb & throwing your money away"? What you meant was give that money to me, lol 😆

    • @MedellinBuzz
      @MedellinBuzz  Год назад +2

      @@DaveL5656 what? The master class shows people how to find local long term apartments. My airbnbs are for tourists.

  • @cornneloius3217
    @cornneloius3217 Год назад +1

    good job, going oversea and pricing out locals

  • @elterrifico9522
    @elterrifico9522 Год назад +1

    I bought 12 apartments

    • @MedellinBuzz
      @MedellinBuzz  Год назад

      Wow, that's terrific! Congrats. Cheers!

  • @Whosurdaddy71
    @Whosurdaddy71 Год назад +1

    Baller

  • @QueensNY718
    @QueensNY718 11 месяцев назад +2

    Parcero no des papaya con esos títulos que tienes 5 apartamentos que después los gamines y tigres van a pensar que eres multi-millonario, jajajaz

    • @MedellinBuzz
      @MedellinBuzz  11 месяцев назад +3

      Jaja no puedes vivir la vida con miedo

    • @QueensNY718
      @QueensNY718 11 месяцев назад +2

      @@MedellinBuzz Si tambien es cierto. Live life one day at a time.

  • @Hinata.Sakaguchi
    @Hinata.Sakaguchi Год назад

    turn it into a Lab to maximize your profit.