Ok, so you just decided to look into buying Ecuador real estate. Who’s the first people you meet? People selling Ecuador property.
I’ve been there.
They’re not going to tell you what I’m going to tell you today. Its normal, they’re trying to sell.
Fact is while it can be rewarding (and profitable) to buy Ecuador property, often its not. Here’s some truths about buying in Ecuador…
13. Noise will happen. Zoning laws suck and a disco could be put in the house next to you and there’s not much you could do about it. Best case scenario is there is just (one) annoying barking dog next door (all night). Easier to just move when renting.
Oh yea, and did I mention any money you bring to Ecuador will get taxed 5% when you try to take it out of the country again? Things to know.
So, should you buy in Ecuador?
I have, and I’ve done just fine, but you should go in at least know the truth about what you’re getting into. If you are looking to buy a property in the US take a look at US Florida Property Management LLC for more information.