All Topics / Overseas Deals / Any one ever buy a property in chile?

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  • Profile photo of JpcashflowJpcashflow
    Participant
    @jpcashflow
    Join Date: 2007
    Post Count: 575

    Hi every one, 

    Four years ago my wife and I purchased a home in chile for Aud 20,000

    it might seem like a bargain but to chile standards that was the normal price of a home

    We just got it valued at aud 80000, we hoping to go to chile in jun 2013 and buy two other properties the yields are great and most properties provide both cf and cg

    We are lucky that  my wife was born in chile and also we have our brother in law who lives there at well

    I'm Maltese and in the last four weeks we have been talking to the banks in chile and we have found a bank that will lend to a foreigner. I must admit that the rates, service and product they offer are much better then here

    Any ways enough about me but has any one bought a property in chile?

    Jpcashflow | JP Financial Group
    http://www.jpfinancialgroup.com.au
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    Your first port of call in finance :)

    Profile photo of jmsracheljmsrachel
    Participant
    @jmsrachel
    Join Date: 2012
    Post Count: 711

    Not in Chile but did consider purchasing a unit in Malta. I’m also Maltese so the country isn’t foreign to me but the returns didn’t justify the purchase.

    Profile photo of JpcashflowJpcashflow
    Participant
    @jpcashflow
    Join Date: 2007
    Post Count: 575

    Kif inti Joey

    i looked at Malta as well returns are not that great but  good returns in the future 

    Jpcashflow | JP Financial Group
    http://www.jpfinancialgroup.com.au
    Email Me | Phone Me

    Your first port of call in finance :)

    Profile photo of mattstamattsta
    Participant
    @mattsta
    Join Date: 2011
    Post Count: 604

    I have not invested in Chili. I was thinking about investing in apartments in the US, but I do not think I will do it. I will check out Chili now:-) It seems like it might be a great investment in the future for me!

    Profile photo of Ziv Nakajima-MagenZiv Nakajima-Magen
    Participant
    @zmagen
    Join Date: 2012
    Post Count: 523

    Mattsta- so you spruik Detroit properties, but never purchased in the US personally? ;)

    Ziv Nakajima-Magen | Nippon Tradings International (NTI)
    http://www.nippontradings.com
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    Ziv Nakajima-Magen - Partner & Executive Manager, Asia-Pacific @ NTI - Japan Real-Estate Investment Property

    Profile photo of mattstamattsta
    Participant
    @mattsta
    Join Date: 2011
    Post Count: 604

    Hi Zmagen, I was thinking about investing in the US property, but after careful research and consulting with other property investors, I have decided to postpone it for now.

    Profile photo of avaseeravaseer
    Participant
    @avaseer
    Join Date: 2013
    Post Count: 1

    JP,

    I'm extremely interested in investing in Chile, what bank is friendly to lending to foreign people, what did you have to do for tax and ID purposes?

    Also what part of chile did you invest in?

    Any information to help me get a start will be greatly appreciated.

    Profile photo of N@than[email protected]
    Participant
    @n-than
    Join Date: 2010
    Post Count: 241

    As this has resurfaced… How did you end up going in regards to the trip in June this year? How is the Chile market traveling at the moment?

    Profile photo of alfrescodiningalfrescodining
    Participant
    @alfrescodining
    Join Date: 2012
    Post Count: 160

    I'm thinking of buying an apartment in Santiago.  To the original poster, if you ever come back to the forum, I'd appreciate any info you can share about strata laws (or the Chilean equivalent) in the country.

    Profile photo of EngeloRumoraEngeloRumora
    Participant
    @engelorumora
    Join Date: 2010
    Post Count: 618

    Hi Mattsta.

    What is the main reason behind not wanting to purchase in the US?

    Thanks for your time

    EngeloRumora | Ohio Cashflow
    http://ohiocashflow.com/
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    "Make a PASSION an OBSESSION and you'll never work a day in your life"

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