Yet are unpleasantly surprised by how pricey the same properties are to purchase.
It’s true. It often doesn’t add up.
So far, I have one of the best returns I have seen in Ecuador renting in Guayaquil short-term.
I keep the place very booked (at least 90% occupancy).
It’s a 1 bedroom suite in a nice building with good location I paid $75,000 to purchase.
After I pay the $123 condo fee and $60 or so monthly electric bill there remains around $1000-1200 a month profit.
And I rent for just around $40-50 a night.
That’s about a 16-19% annual return.
Hasta pronto, if you liked this you’d love my Insider’s newsletter on living and investing in Ecuador,
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