✅ FREE Moving To Medellin Checklist: medellinmasterclass.com/checklist/ ⭕ AirBnB Listing: www.airbnb.com/h/terra-202 ☎ Book A Consultation: tinyurl.com/ntfjvb6s 📧 Join my free newsletter: eepurl.com/hWym2j 💓 Donate: paypal.me/andrewmacia/ 👕 My Medellin T-Shirts: www.bonfire.com/store/medellin/
@Santana13b
5 ай бұрын
Beautiful stylish and sleek. Me encanta!!
@nigel2024
9 ай бұрын
Nice work, the apartment could be anywhere in the world. Modern finishes and fixings. Looks good.
@XYRN02
2 ай бұрын
Nice Apartment ... I like that!
@MedellinBuzz
2 ай бұрын
Thank you!!
@MedellinBuzz
10 ай бұрын
00:00 Intro 00:22 PRO: Investor Visa 01:15 PRO: Airbnb Income Booming 01:57 PRO: Get More for Your Money 02:56 PRO: Lifestyle 03:31 CON: Regret 03:56 CON: Long Process 04:19 CON: No Licensed Real Estate Agents 04:53 CON: Bad Airbnb Tenants 05:35 CON: Costly Mistakes 05:58 CON: Peso To Dollar 07:02 Medellin Masterclass 07:14 New Apartment Tour
@critenks229
4 ай бұрын
I have heard many people talk about the Peso to USD conversion and it doesn't make sense to me at all. The property costs follow the USD/Euro. Not the Peso. In other words, real estate has an inherent hedge against COP devaluation. Good point about the daily rentals.
@ChefHenry-loves2travel
10 ай бұрын
Awesome Andy, congratulations!
@TomBath
10 ай бұрын
Great insights. Thank you!
@MedellinBuzz
10 ай бұрын
Glad it was helpful!
@DATCAT809
4 ай бұрын
Hmmmm.....good point about the dollar value
@mario_frago
10 ай бұрын
Looks great! Beautiful remodel
@MedellinBuzz
10 ай бұрын
Thank you!
@GloriaLynch-p6r
5 ай бұрын
Muy lindo y elegante apartamento. Me encantaria que mostraras el before and after.
@dannyantoniou2400
Ай бұрын
Hello Andrew. I love your place! It's my new yard stick in terms what I'll eventually purchase, most likely through your people. Mai ask, how much did you spend, including remodeling costs? I'm guessing $130, 000 US. I'm from Toronto, Canada. -Danny
@MedellinBuzz
Ай бұрын
The latest one was about $150,000 all in.
@dannyantoniou2400
Ай бұрын
@@MedellinBuzz fantastic!
@videofuel
10 ай бұрын
Kudos on your latest acquisition. It looks to be close to El Alambique. I recently visited Medellín for the first time (from SanJuan, PR), and I'm planning to return in a couple of months.
@MedellinBuzz
10 ай бұрын
Yes, it's near there! Thank you!
@arburns1
10 ай бұрын
Beautiful apartment Andrew....how long did the remodel take you? Can't imagine the before. Look...definitely made great design choices in my opinion 🎉
@MedellinBuzz
10 ай бұрын
thanks, brother, it took about 6 months. It was a 3 bedroom, we turned it into a 1 bedroom, the kitchen was closed in, so we opened that up. Everything was remodeled even the little patio area.
@AnthonyHinesnusn
10 ай бұрын
Well done!!...very nice apartment.
@MedellinBuzz
10 ай бұрын
Thank you!! 😊
@eohappy
10 ай бұрын
I wanted to book a short consultation for some real estate tips, but would not need 1hr/masterclass level....are there shorter/more economical options?
@MedellinBuzz
10 ай бұрын
Feel free to email me at medellinbuzzandrew@gmail.com
@AKJoel
10 ай бұрын
What an incredible apartment - great job mate!!
@MedellinBuzz
10 ай бұрын
Thanks!
@shinobiakira
10 ай бұрын
Beautiful Place Andrew!!!
@MedellinBuzz
10 ай бұрын
Thanks!
@Heyitsphilfromcanada
10 ай бұрын
My vacation to Colombia has changed but ill be keeping an eye out for this property in air bnb when i do venture down
@thomasricardo9833
10 ай бұрын
For how many years do you have to renew this visa and how do you compensate for the increase in minimum wage after some years?
@buddhaweatherby368
10 ай бұрын
Forgot to ask during the livestream last night; is that Investor Visa only based on initial purchase price, or does that include renovation/upgrade costs? My goodness Andrew, it is gonna be tempting to try renting one of your units, but I get why you want to go short term for the higher ROI. Good stuff man. 👍🏼
@MedellinBuzz
10 ай бұрын
Good question. I asked and was told that it includes renovation/upgrade investment.
@lhefe85
10 ай бұрын
Nice video, just found your channel. Prices sound great compared to my investments in London. How much would the what we call here, service charges be for that apartment block? Basically the monthly or yearly costs you have to pay to live in that apartment block to cover communal expenses such as lighting, security and concierge etc.
@MedellinBuzz
10 ай бұрын
This building doesn't have a security guard nor does it have a home owners association, so there's nothing to pay into. Between all the owners we split the common area electricity, cleaning and maintenance.
@lhefe85
10 ай бұрын
@MedellinBuzz wow even better, is it a relatively small block and is that very common not to have building association ?
@MedellinBuzz
10 ай бұрын
Yeah it's a small block, but most 5 story buildings in Medellin don't have security and HOA.@@lhefe85
@lhefe85
10 ай бұрын
@MedellinBuzz Very good to know, thanks for sharing the info.
@DIEGORODRIGUEZ-xe1gk
10 ай бұрын
Looks Amazing. Was it a bit of trial and error before you hooked up with a good contractor?
@MedellinBuzz
10 ай бұрын
Yep, went through 4 contractors to find the right one,
@davecord4553
10 ай бұрын
I won't buy any property or even a car in Colombia.. Why? It doesn't make sense when it so cheap for transportation and to rent especially when you are older in life..
@MedellinBuzz
10 ай бұрын
Yeah a lot of people live that way.
@GQ1921
9 ай бұрын
The visa process makes it difficult to rent forever unless you get married then that's a whole different bunch of unknown problems.
@ashsahib2458
9 ай бұрын
Tastefully & elegantly designed. Kudos to you .
@MedellinBuzz
9 ай бұрын
Thank you!
@pedros1
10 ай бұрын
4:57 at least someone admits the only attractions of Medellin 😅 yes, yes, yes. This is we people visit Medellin. And hosts must understand and do not require not doing these things.
@MedellinBuzz
10 ай бұрын
It's a fact of life here. Just gotta be aware of it and know how to handle those types of tenants.
@BestFriendOfJesus
10 ай бұрын
Super nice place
@user-rw718
4 ай бұрын
Colombia made a mistake they ruined the investment visa it use to be if you buy an apartment you get a five year visa then after five years you can obtain the residentency visa. I was buying an apartment until I realized they destroyed that investment visa
@dwaynewalden6304
3 ай бұрын
What area of Medellin did you buy your property in?
@MedellinBuzz
3 ай бұрын
@@dwaynewalden6304 barrio Manila
@brians.4335
10 ай бұрын
How much did the renovations cost?
@MedellinBuzz
10 ай бұрын
About $40,000, including furniture and decor.
@brians.4335
10 ай бұрын
How long did the renovations take? What about HOA fees? @@MedellinBuzz
@lopezreinaldo
10 ай бұрын
How much do you pay in taxes?
@MedellinBuzz
10 ай бұрын
In personal income tax? Around 35%. In regard to corporate tax, it depends. As far as property tax, it's pretty negligible, between 0.4% and 1.2%
@travisho76
10 ай бұрын
It would be nice to know who your contractor is. It is hard to find a professional contractor that does quality work.
@MedellinBuzz
10 ай бұрын
Yep, I'm interviewing him for my next video, where I'll share his contact info.
@GQ1921
9 ай бұрын
In your professional opinion do you think a single male who is 54 years old can live in Colombia a decent comfortable retirement if he has 1300$ a month in passive income and a savings of 300k until he dies. Im hoping i dont live past 75 so lets say 22 years can he live comfortably
@MedellinBuzz
9 ай бұрын
Yes, I think you'd be ok.
@Tedmosby97
10 ай бұрын
I was in bogota for some time and thought of buying a condo. However it doesn’t make sense as an investment the most you can rent a unit out is for $700 for a 1 bedroom. Not worth the headache to rent for Airbnb while being abroad as main residence
@Stephen_567
5 ай бұрын
11% is not good return on airbnb property.
@popeyepanther4519
7 ай бұрын
thats another 60k you have added to that apartment easily in renovation costs.
@svlagonda7417
10 ай бұрын
$100k for a shipping container / garden shed 1 bed micro home? That's nuts. I thought you said Medllin was cheap?
@MedellinBuzz
10 ай бұрын
Where'd you get that from? If you're talking about the screen grab in minute 02:08 that's in California, not Medellin. Regardless, a couple of minutes of research on Google will show you what you can get here for $100K.
@bojack3827
10 ай бұрын
A shipping container home in Cali for $100k is surely a better safeer investment than a $200k apartment in the much more unstable Medillin. The economy in Columbia could collapse at any time taking your investment with it.
@babakalhessabi3233
5 ай бұрын
Loved your unit. But not so true. For 100k you can buy a parking space in the US costal cities 😂😂
@pedros1
10 ай бұрын
something tells me that Nvidia/Microsoft investment will give more. Unless you have colombian citizenship OR want to get colombian citizenship.
@diegoquirosbenjumea
10 ай бұрын
I don’t believe it would cost 100k
@MedellinBuzz
10 ай бұрын
What do you think it would cost?
@bullwingsc6216
10 ай бұрын
Agents didnt show anything like this. They always pushing expensive overpriced units.
@MedellinBuzz
10 ай бұрын
Yeah, that's been my experience too. That's why when you find someone good you hold on to them! lol.
@lastyle7363
10 ай бұрын
There is no way I would pay 100k for an apartment in an unstable country. btw, interest rates will drop next year in the USA and expect the dollar to follow as well. Last, for comparison you can buy a brand new 2 bedroom 1 bath townhouse (up/down) unfurnised (no appliances) for around 45/50k in the Philippines. The condo can be purchased by making a 20% downpayment and 10/15 year loan if you're working in the Philippines. Foreigners can now own the condo and don't have to worry about placing the property into a Filipinos name. Overall I would never ever buy a condo/apartment in a foreign country, better off to rent and invest your money in the US stock market or current high yield CD rates.
@MedellinBuzz
10 ай бұрын
Sounds like a good plan. Good luck! Thanks!
@gladiator-dh5cb
10 ай бұрын
Thats not a good comparison. Colombia is much more westernized and has access to much more modern amenities than the Philippines. Its not even a close comparison. I own property in Bogota and have been to the Philippines. Sounds like you've never been to Colombia.
@lastyle7363
10 ай бұрын
The period of American colonialization of the Philippines was 48 years. @@gladiator-dh5cb
@lastyle7363
10 ай бұрын
37% - Columbia poverty, Philippines 19% poverty....Philippine peso is worth 74 to 1 vs Columbia peso
@gladiator-dh5cb
10 ай бұрын
A lot of the Colombian economy is of the books so I would say not accurate numbers. Ive been in this country a dozen years. I know a little bit at this point. @@lastyle7363
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