Buying Property In Brazil: What I’ve Learned As A Foreigner In Salvador | RIRTMedia.com

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  • Опубликовано: 22 авг 2024

Комментарии • 81

  • @nancyleal2529
    @nancyleal2529 Год назад +22

    I am Brazilian and I don't live in Salvador, but it seems that there is a reasonable number of Americans moving to this city in the last decades after visiting it as tourists. Probably a big identification and empathy with the local culture, despite our so different language etc.

    • @greenbeans8710
      @greenbeans8710 Год назад +2

      I concur with your assessment. A good majority of African Americans from the U.S. move to Salvador as it is easier to identify with not only the local culture but Brazilians in that area have a complexion similar to our own. Plus, I believe after watching another video on Salvador, they have a good amount of African heritage commingled with the culture there. I am possibly looking to move to Brazil myself in a few years after I address my student loans here in the U.S.. I foresee the path to making it happen could be difficult hence me saying possibly but still will try.

    • @nancyleal2529
      @nancyleal2529 Год назад +3

      @@greenbeans8710 , yes, there are many more people of African descent in Brazil than in the US. Many more Africans were brought to Brazil, but most mixed with Europeans, Indians etc. and many descendants don't have clear African features anymore and in many cases don't even know that had African ancestors. In Brazil it is not the same as in the US; only people with at least some clear African features are seen as black or mixed. The features and predominant genetics are more considered than a minority ancestry. Salvador is the city with the biggest percentage of people with clear African features (it was the first Capital of Brazil) and the only one that have kept the genuine culture and aspects of the African ancestors. I think that Rio de Janeiro is the second in percentage but only during the Carnival it's possible to notice the African influence. In Salvador it is really clear and people show they are proud of it. I think it's good in Brazil that people of different origins try to keep the heritage of their ancestors. Good for tourism, too. A video here that showed me that many times a big identification can be stronger than a "good life" ($$) has this title: "Black Rome. The Braziliam state where African-Americans are finding their Roots".

    • @nancyleal2529
      @nancyleal2529 10 месяцев назад

      @whinnersvlog4993 , I didn't understand well what you meant.
      Black in Brazil are people with clear features like in Sub-Saharan Africa. People with North African features like in Algeria, Egypt etc. are not seen as black and color is not the most important to say if a person is black or not in tropical countries because, depending on the region, almost everybody darken at least a little by the often sun exposure. In absolute numbers because of the large population, Brazil is the country in the Americas with more people of African descent. Haiti has the highest percentage of people of African descent (around 95% of their population)

    • @nancyleal2529
      @nancyleal2529 10 месяцев назад +1

      @whinnersvlog4993 , I was already in the US and it was quite clear to me by the features that most black people there (the ones we consider black in Brazil) were "purer", not so mixed like here. We have a big percentage that we would call here "light mullatoes", that is, people with some African features, but clearly mixed (more than one non-black ancestor) and most of their genetics is not African anymore. These people are included in the statistics here in Brazil in a category called "pardos". That's why the official Brazilian rates show only less than 10% of black people and a big percentage of "pardos" (mixed and not only black and white). In the US they would all be seen as "black" anyway because of the African ancestry, according to the old "one drop rule", that is, even an only very distant black ancestor makes you "black" and not white etc. In Brazil it's different and that's what I am trying to explain. Many people considered black in the US would not be seen as black here. We had a different colonization by southern Europeans, people that tan and darken more easily by the warmer latitude where they were adapted. So, color is not so important here, but especially the features and predominant genetics. No matter how we look like, we only have the genetics from the last generations and what happened behind is lost. We can have more distant ancestors of any race. Ok?

    • @LinoGermano
      @LinoGermano 10 месяцев назад

      Its happening in the whole Northeast.

  • @robinafrica3456
    @robinafrica3456 6 месяцев назад +7

    I was looking to relocate to Brazil 🇧🇷! I also like Salvador de Bahia and I like Recife…

    • @prolinkedpodcast1376
      @prolinkedpodcast1376 4 месяца назад

      I want to check out Columbia

    • @patfromamboy
      @patfromamboy 10 дней назад

      It’s a fantastic idea, Brasil is a secret hideaway from the US. People don’t understand why I’ve visited 18 times now. My son loves it and picked up Portuguese quickly but my brain wants to translate everything into English for some reason. Even aqui needs to be translated in my head. Good luck!

    • @patfromamboy
      @patfromamboy 10 дней назад

      I saw a condo complex on the beach that I saw on paper before it was built. It looked exactly like in did in the pictures. It was cheap. 40,000 dollars.

  • @patfromamboy
    @patfromamboy 10 дней назад

    It took me awhile to get a CPF card but I’m glad I did it and it will help me purchase property if I do. I go back and forth between buying a house in Brasil or investing in the US and renting in Brasil because its cheap and I won’t be stuck going to the same place. I have a girlfriend in Fortaleza and I pay her rent and give her money for food and electricity so I’m a hero to her and her family. She helps me learn Portuguese. Great video meu amigo! Ate logo

  • @nathanyungerberg4925
    @nathanyungerberg4925 Год назад +5

    I’m in the preliminary stages of buying in Salvador so your video was very timely.

    • @RockyinReelTime
      @RockyinReelTime  Год назад +1

      So glad I could help 🙏🏾

    • @nathanyungerberg4925
      @nathanyungerberg4925 Год назад +1

      Do you have any recommendations for realtors? I’ve spoken to three so far. Two were referrals from friends who purchased property in Salvador, and the last was from someone I found. All three have pretty much dropped the ball.

    • @ShaqKemar-tn6ri
      @ShaqKemar-tn6ri 11 месяцев назад

      ​@@nathanyungerberg4925how do I find a agent I need someone to talk with

  • @DCIntlTlvr
    @DCIntlTlvr 9 месяцев назад +4

    Very informative info brother. I plan on retiring to Salvador in the next 5ish years, but I'm exploring the renting versus buying a property now. I'll be in my early to mid 60's by the time I do this, so that's a factor as well. The new construction angle you talked about I really like and it makes sense that you would have more negotiating leverage with a higher down payment. Good stuff.

    • @RockyinReelTime
      @RockyinReelTime  9 месяцев назад

      Thanks for watching and I'm glad you liked and found value in the video

  • @mosesmbagwu9544
    @mosesmbagwu9544 Год назад +2

    This is superb, I learned something important in this section, am a prospective buyer, am about to buy for investment visa, at list I learned about ascendente and poente

    • @RockyinReelTime
      @RockyinReelTime  Год назад

      Yeah you’ll usually see it listed in the listing like in this one here for example:
      ba.olx.com.br/grande-salvador/imoveis/apartamento-para-venda-tem-109-metros-quadrados-com-3-quartos-em-costa-azul-salvador-b-1200923893
      When you open the description, you’ll see “nascente” (pronounced nah-sen-chi). This is a HUGE selling point. If you don’t see it in the listing or the “corretor de imóveis” (real estate agent) doesn’t mention it, please make sure to ask. Peace and love, good luck and thanks for watching 🙏🏾

  • @ashleighevans1867
    @ashleighevans1867 7 месяцев назад +2

    Could you do a video about neighborhoods in Salvador?

  • @NomadsWithoutLimits
    @NomadsWithoutLimits 11 месяцев назад +1

    Your video is right on time for me! I just retired and I’m looking to purchase. Great Job!! 👏🏾👏🏾👏🏾👏🏾

  • @greenbeans8710
    @greenbeans8710 Год назад +2

    Great vid. Very informative. I will watch this again in the future as I may try to move down to Brazil myself after I tackle my student debt here in the States. Too expensive living here. Being able to live in Brazil will or finding a way will be the test. Work VISA or try to find a remote job so can get digital nomad VISA. A long tough road ahead.

    • @MuzzaHukka
      @MuzzaHukka Год назад

      Have you considered borrowing more money now, just before the USD collapses, and then buying a property "cash" in Brazil that you could retreat to, when shit really hits the fan?

  • @anthonycarmichael5609
    @anthonycarmichael5609 11 месяцев назад +1

    Very helpful and informative content. Keep up the good work King!

  • @Aaiza_Saud
    @Aaiza_Saud Год назад +3

    Obrigada, para esta informação.

  • @youngexec1
    @youngexec1 Год назад +3

    Dope video‼️I got some more vid request lol can you do top beach cities for a young man to live in Brazil. I’m moving there in 2-3 months but I’m doing airbnbs in different cities/neighborhoods tryna see where I wanna settle and I need that how to learn Portuguese video. The language is no joke I’m using Pimsleur right now

    • @CC-rz1kp
      @CC-rz1kp 3 месяца назад

      Are these prices in US $$ ?

    • @curioso4762
      @curioso4762 3 месяца назад

      @@CC-rz1kp in Reais, $ 1 USD = R$ 5.15 today´s price.

  • @yourbassplayer007
    @yourbassplayer007 9 месяцев назад +1

    You're amazing mate. Brilliant info!

  • @captainsinghdevendersingh
    @captainsinghdevendersingh 3 месяца назад

    Rocky
    In third world be careful about under construction apartments. Sometimes those projects never get done in time or sometimes never get done at all. Brazil is not USA
    It’s much better to buy ready to move in properties than under construction ones. These countries are notoriously run , laws stays on paper.
    South America is a different play ground, Guys play accordingly

  • @Joe.l1
    @Joe.l1 Год назад +1

    Hey, found you from IP stream last week. I agree with your points and think some of the Blue Book folks are the problem. Can you also share links of remote SWE?

    • @RockyinReelTime
      @RockyinReelTime  Год назад

      Watch my video on how to find remote 6 figure jobs. Also subscribe if you haven’t already, I’m a senior software engineer working remote and I’ll go into this topic in depth in a future video and that’ll include how to find a remote position that fits your lifestyle

  • @thomasricardo9833
    @thomasricardo9833 10 месяцев назад +3

    If the construction company goes bankrupt before the building is finished your money might be lost.

    • @RockyinReelTime
      @RockyinReelTime  10 месяцев назад

      Yeah this is a possibility. I discovered that this happens rarely so it’s best to research the company and see what people have said about their other properties

    • @Bluey9910
      @Bluey9910 Месяц назад

      Also depends if it’s financed by a federal bank too

  • @theItalianshamrock
    @theItalianshamrock Месяц назад

    My issue is idk what city to pick. Im inbetween getting an apartment in a beach city or getting a house with some land that inland and outside of the city

  • @freshballyou
    @freshballyou Год назад +3

    How do they calculate or do they include the interest rate when coming up with the monthly installment payments

    • @RockyinReelTime
      @RockyinReelTime  Год назад +2

      It all depends on several factors including the list price, the city, how much you put down, agreement between you and the financier/ construction company etc. Usually there will be a fixed interest rate if your putting the minimum payment down but you have more negotiation power if you put more down. Let’s say for instance the interest rate is 6% on a $R200.000 (this is about $40,000). The minimum down payment might be 10-20% depending on the property, so if this particular property was 20% that’s roughly $R40,000 or $8,300. If you put double that($16,600 or $R80,000) and say you’ll pay $R5,000 a month for 2 years they can give you smaller interest rate, let’s say 2.5%. But keep in mind if you want to buy new construction that the moment the construction company completes the building you start paying interest. So if you bought a place when they broke ground in July 2023 and it isn’t going to be done until July 2025 and they’re on time (someone’s there delays in construction which could push it back) then you’ll pay interest starting August 2025

  • @joshflintoff
    @joshflintoff 7 месяцев назад +2

    nice video bro.
    You're based in Salvador? I'm also an expat in SC.

    • @RockyinReelTime
      @RockyinReelTime  7 месяцев назад

      Yeah I’m in Salvador bro

    • @joshflintoff
      @joshflintoff 7 месяцев назад

      one thing to call out is the dreaded CUB adjustments on buying new properties through the construction companies. Can be brutal.
      Do you ever come down south? I haven't visited NE or salvador yet and planning to go.

  • @freshballyou
    @freshballyou Год назад +1

    Thanks for putting out such great content

  • @fixmypc3798
    @fixmypc3798 4 месяца назад +1

    2000 dollars is not rent in Los Angeles hahaha. Maybe 8 years ago. Studios in Los Angeles are 2400+ in a dump.

    • @RockyinReelTime
      @RockyinReelTime  4 месяца назад

      Well yeah, you’re right I was just trying to paint a more clear picture lol😅

  • @fiftyseventh
    @fiftyseventh Год назад +2

    Great tips

  • @fiftyseventh
    @fiftyseventh Год назад +2

    Really? $40k-50k USD for a 1 bedroom?
    I met a Brazilian guy who owns properties… we spoke about properties in Rio. He said smaller places tend to be more expensive because there’s a higher demand for them. Many Brazilians can’t fill up bigger places. Have you heard about this?
    The 10% down payment is only for Brazilian residents and citizens?

    • @RockyinReelTime
      @RockyinReelTime  Год назад +4

      Absolutely bro! If you go to the 10:55 mark in this video you’ll see one of those advertisements billboards the construction companies put up I was talking about. It says “Quarto e sala na Graça” which translates to a bedroom and living room in Graça, the price is there too. As you can see the billboard is a bit aged, it’s a few months old and I remember when they put it up because I pass by that area from time to time. At the time they put it up the exchange rate was about $1 = R$5.21 (give or take). Graça is the next neighborhood over to Barra here I’m Salvador Bahia, it’s extremely close. So at the exchange rate at that time that R$249,900 price was about $47K plus the closing cost (assuming you bought at that time) might bring it up to about $50-54K. As I mentioned, in the video they usually have a stand and contact info on the poster/billboard or in front of the construction site . You can see it on the lower half of the billboard, it says where you can visit their stand and they also give you their number. Even in São Paulo and Rio, depending on the neighborhood, you can find one bedrooms at that price (new construction). The 10% down payment is usually what they would ask for from anyone, however, it’s not a hard and fast rule. It all depends on your payment terms, your monthly installments and whatever you negotiate. So if you put a lower down payment down, but have a much higher than average monthly payment, they’ll work with you. To be honest, out here, many Brazilians, don’t pay more than the equivalent of $700 a month (this is on the high end too) and their payment terms are longer.
      Let’s say hypothetically for that one bedroom property at the 10:55 time stamp you bought when the exchange rate was about $1 =R$5.21 and you put down 12%, that’s about $5600, you’d have about $42,200 left to pay. So if you negotiate a 5 year payment plan your monthly installments will be like $700. It’s completely doable out here

    • @RockyinReelTime
      @RockyinReelTime  Год назад +3

      Also you have to understand that “expensive” is relative. Your Brazilian friend is right depending on who you ask. Their definition of expensive and our definition of expensive isn’t the same lol. $45K for a one bedroom is steal to us but may be expensive to them 😅

    • @fiftyseventh
      @fiftyseventh Год назад +2

      Thanks so much for this info bro!!! It’s greatly appreciated

    • @RockyinReelTime
      @RockyinReelTime  Год назад +1

      @@fiftyseventhYou’re very welcome, I’m happy to provide the value

    • @MuzzaHukka
      @MuzzaHukka Год назад +1

      @@RockyinReelTime To get a rental property mortgage in a place like Spain, they'd need to see your credit history and proof of ability to pay... In Brazil, can you give a deposit and make monthly payments without showing your credit score/payslips?

  • @caseyonthree8403
    @caseyonthree8403 8 месяцев назад +1

    right

  • @hhh1200
    @hhh1200 Год назад +1

    Are you still building the beach property? Is that in a different state? From my understanding they don't use wall insolation or you need to stress that to the contractor? That would appear to be an issue when dealing with the heat?

    • @RockyinReelTime
      @RockyinReelTime  Год назад

      Yeah we are, that’s one of my wife’s parents properties we’re actively renovating, progress has been a bit slow but steady. It’s further north in a neighborhood called Lauro de Freitas

  • @troybillison9948
    @troybillison9948 19 дней назад

    How are you getting financing?

  • @flameu22
    @flameu22 10 месяцев назад

    5 Train uptown Gun Hill Road. SALUTE!

  • @steveb540i
    @steveb540i 5 месяцев назад +1

    You did not really touch on buying real estate for the purpose of obtaining Brazilian citizenship. My present understanding is that buying a property that costs 1 million BRL (around 200,000 USD) can accelerate the path to citizenship. I don't know if this can be done buying off plan from a developer where installments are made, or must be a lump purchase.

    • @RockyinReelTime
      @RockyinReelTime  5 месяцев назад

      This video is basically detailing what I've learned in the process. I didn't have to go that route for permanent residency so that's why I didn't mention it. You can absolutely obtain citizenship through buying a place from a developer. It doesn't have to be done in a lump sum and they accept foreign banks. You can email me at rocky@rirtmedia.com and I'l refer you to some real estate agents here in Brazil. Are you looking in a particular city? Do you know yet ?

    • @steveb540i
      @steveb540i 5 месяцев назад

      @@RockyinReelTime Thanks for that offer. To early for me to know yet as also deciding if I'd rather attempt Argentinian citizenship. Though Brazil seems more costly it would seem to require less physical presence than Argentina. I just don't know to what extent proficiency in Portuguese language would be expected and I personally find it much more difficult than Spanish.

  • @prolinkedpodcast1376
    @prolinkedpodcast1376 4 месяца назад

    Do you have the links to those websites?

  • @spacesandplacesoutthere
    @spacesandplacesoutthere Год назад

    Good $hit bruh👊🏿💯✈️
    SUBBED!

  • @HomeBoyandThePyramidsPodcast
    @HomeBoyandThePyramidsPodcast Год назад +1

    #BALLIN!

  • @Rocky-life518
    @Rocky-life518 10 месяцев назад

    Hi Rocky I’m interested buying a house in a country side in a small town.

  • @ljturnbow
    @ljturnbow 2 месяца назад +2

    Is your wife Brazilian or American who moved with you??

    • @RockyinReelTime
      @RockyinReelTime  2 месяца назад +1

      I met her here in Brazil

    • @ljturnbow
      @ljturnbow 2 месяца назад

      @RockyinReelTime living the dream bro

  • @obirijejohn8622
    @obirijejohn8622 10 месяцев назад +1

    Hey Man, how can I reach you, I'm in Brazil and looking to buy an apartment myself

  • @ShaqKemar-tn6ri
    @ShaqKemar-tn6ri 11 месяцев назад

    Hello I am looking to buy a house in salvador how could get contact with construction company or a agent?

  • @Tony-ph5xj
    @Tony-ph5xj Год назад +1

    What can 30000 dollars buy

    • @RockyinReelTime
      @RockyinReelTime  Год назад +5

      Hey! it depends on a lot but you can definitely get a decent one bedroom in lots of cities. I did a search just now in Sao Paulo (which is the most expensive city) and I found a fairly newly built condo building with a 1BR 1BA in Cambuci, Sao Paulo which is decently central in the city for $R206,000 which is about $26,000 which is under budget. The building has a pet room, gym, lounge area, outdoor BBQ station and playground. Here's the unit on OLX :
      sp.olx.com.br/sao-paulo-e-regiao/imoveis/plano-mooca-ii-32-43m-1-2-quartos-mooca-sao-paulo-sp-908841743?lis=listing_1001

  • @captainsinghdevendersingh
    @captainsinghdevendersingh 11 месяцев назад

    Bro
    You’re dealing with third world I will never buy under construction properties. Projects never completes on time or never ever. I am looking for 50k to 77k properties completely done by all means. One bad room apartment. In convenient places having all day to day needs malls cafeterias hospitals gyms etc etc with in 500 - 700 metres circumferences. In case you come across bro help me São Paulo Rio de Janeiro etc All must be ready to move in immediately. All down payment by white money only.
    Cheers brother

  • @mosesmbagwu9544
    @mosesmbagwu9544 Год назад +1

    Can i chat with you privately?

  • @Jason_in_Brazil
    @Jason_in_Brazil Год назад +1

    🫡