Archive | Ecuador for Investors

Map of South Ecuador Coast: Montanita, Olon, Salinas

Map of South Ecuador Coast: Montanita, Olon, Salinas

salinas montanita ecuador map

salinas to montanita ecuador map


HOUSE FOR RENT 5 MINUTES FROM MONTANITA

One price for WHOLE HOUSE… fit as many people as you like!

$30 per day, $180 per week, $380 per month.

Quaint house with beautiful 180 degree ocean view for rent 3 minute walk from beach and 25 minute walk to the center of Montanita.

FREE WIFI!

3 Bedroom (with 1 queen bed each), 2 bath, furnished kitchen, stove, mini-refrigerator, patio with hammocks overlooking the ocean, yard, garden.

Free WIFI INTERNET
3 Bed
2 Bath
Terraza with porch with ocean view
Garden
Furnished
Parking area
Kitchen
Pets OK
Guests allowed no extra fees, parties OK
$100 security deposit, can rent for days, weeks or months.
In secured, gated complex with 24 hr guard.

Call Dom at 0969251257, dombuon AT gmail.com to reserve now or write him below to reserve:

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Arrival Date, Length of stay and questions:

 

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Posted in Ecuador Q&A

How to sell your property in Ecuador… Fast

salinas property

A view from the front of the lot. 

For six weeks I put the sale of a beachfront lot I purchased for resale on hold while I built 3 tiki-style beach huts on the southen coast of Ecuador on a different oceanview lot in time for the upcoming rentals high-season here (late Dec- early Apr).

Now as I mentioned earlier this week, I’m finished building so I’ll focus back on selling the beachfront lot I purchased to resell.

It’s a good lot.

In an area with great potential for short-term growth, flat, on a small bluff elevated about 15 feet over the ocean, 475 m2 (5112 ft2), right on the beach with no road in front, 25 minutes from Salinas in a small, non-commercialized fishing village right in town near water/electricity and I’ve decided to ask only $16k with hopes to sell it quick.  That’s roughly $33 a square meter which for beachfront is a good deal in this area of the Ecuador coast where I’ve seen similar beachfront lots sell anywhere from $35-200 per m2 for smaller lots like this one.

My initial marketing strategy will be three-pronged, simple and inexpensive, we’ll see if and how fast it works…

1. List with 1-2 local real estate agents in the Salinas area.
- Exclusivity is neither expected nor respected in Ecuador by most property sellers, sellers usually let multiple agents list and promote their property and pay the commission to whoever sells it first.  I’ll aim to get the lot listed by a few of the Salinas agents who I know really sell properties.  Not all agents in Ecuador actually can sell!  I’m happy to offer 3-5% if an agent can help find me a buyer and show my lot, well worth it.  I value marketing and sales cause I’m a marketing guy myself!

2. Publish ad in the major local newspaper.
- I plan on taking an ad in the Sunday classifieds of El Comercio, the major local paper in the area, in Spanish targeting the local market.

3. Post on the net (in English) targeting the English-speaking market abroad.
- On my own site EcuadorRealEstate.org where I let anyone selling property in Ecuador under $50k publish for free, or for $20 a month if they are looking to promote a property asking more than $50k.

- Publish ad on Craigslist in English aimed at the foreign market interested in Ecuador property.  It’s free and it’s popular worldwide and a great way to get the property in front of more eyeballs looking for real estate in Ecuador.

- Post on Viviun.com , Its a high ranking site where I can pay a small fee to get my property for sale in front of even more eyeballs looking for Ecuador land.

Hopefully in one of my next updates you’ll learn as I learn through the sale… ;)

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Posted in Ecuador for Investors, Ecuador Q&A

Final costs of the tiki hut building project in Ecuador

I’m done. Six weeks, 3 tiki huts built with oceanviews near Montanita.

3 VERY different styles.

Non are luxury, but two of the three are nice for the middle-end or middle-higher-end traveler while one without much of a view is for the budget backpacker/surfer type.

Remember when I got quoted $3000-3500 for each tiki hut? And when I said I knew of others in the area that pull in around $50 a night on the weekends and $20 or so a night on weekdays?

Well, I built mine with kitchenette, balcony, 1 bedroom, 1 bath ensuite with WIFI for new arrival expats and travelers looking to rent anywhere from 3 days to one month, maybe while they search for something else long-term.

Well, here are the exact FINAL COSTS of the construction of each…

Tiki Hut 1, The budget option with little ocean-view built with a cement floor and cement block with the “Sing” metal sheet roofing so common in this area of Ecuador. It has WIFI and a mini-stove and bathroom (all in the same room) while the shower is behind a curtain out back. I hope to rent it to a surfer or backpacker for around $100 a month or $5 a day for shorter time periods. It’s good enough for me and someone not very picky, I could live there if I needed to live somewhere rent-free. It is very soviet-esque but comes furnished with bed, table, chair, Wifi internet, electric cooker, sink, and a half bath with the shower around back which does have a curtain. Currently its listed for rent at $85 a month.

ecuador tiki huts

Total build time = 6 days. (One Ecuador workweek).
Total size = 16 m2 or 172 ft2

FINAL COSTS

Floor and mini-support columns
-8 sacks of cement at $6.65 = $53.20
- 1/2 m2 of sand = $9.15
- 1/2 m2 of rock = $10.20
- 6 Rebar of 8mm = $31.86
total= $104.41

Walls
Cement block (250 units) = $77.50
6 Sacks of cement = $39.90
Door = $45
Lock and door knob = $12
No glass windows installed, only cement block windows with mosquito screens.
=$174.40

Roofing
7 sheets of metal “Sing” = $77
4 wooden support cross beams = $36
Mosquito netting = $25
= $138

Installations
Toilet and sink = $95
Shower head = $8
Electricity installation of one light = $24
3 points of water and plumbing installation (toilet, sink, outside shower) = $60
Random plastic tubing, wiring and electric/plumbing accessories = $34.68
Electric stove = $14
= $235.68

Labor = 2 men, one lead builder (maestro $150) and an assistant (oficial $90) for one week, total = $240

TOTAL COST $892.49

 

Tiki Hut 2, I bought this All-wooden hut pre-built from a builder I know from the Ecuadorian Amazon, Tena region. It took 3 days for them to install it on my location elevated a few feet above the ground. It has a wooden balcony, wooden floor, wooden walls, a “sing”roof, a beautiful oceanview, one bedroom, one bathroom, a sink, kitchenette, mini-refrigerator, WIFI, one queen bed, closet, one full bathroom with a hot electric-powered shower with a tile floor and vinyl-covered walls.

I had to tile the floor myself first laying a small web or rebar, then laying a 5 cm layer of cement, then laying the tile… and then I had to stick vinyl on the bathroom walls with rubber cement as well as install the water and electricity outlets and hook up. For rent (based on market prices) at $20/ night, $95/week or $230/month, the price is the same for one or two people.

ecuador building contractors

Total build time = 7 days.
Total size = 24 m2 or 258 ft2

Total cost of pre-fabricated wooden hut installed on site= $3200.

Total cost of bathroom supplies, tile for floor = $56
Vinyl for bathroom walls = $72
Installation of plumbing (4 points) = $84
Installation of electricity (4 points) = $48
Toilet and bathroom sink set = $85
Electric shower head = $24
Sink for kitchenette with accessories = $56
Electric wiring, plastic tubes and other plumbing and electric accessories = $78
Labor (2 days to install bathroom floor, lead maestro) = $50

Total cost = $3753

 

Tiki Hut 3, This was my baby, and boy I had no idea what i was getting myself into. By far the most labor intensive and time consuming, I designed the hut myself based off similar “mixed” models in the area. Due to inexperience building these types of huts (it was my first time) I made mistakes all along the way that caused me to go about $2k over budget (see the end of this email for details).

By “mixed construction” I mean a building that uses a mix of both eco-materials like bamboo and normal construction materials like cement and brick. My idea was to build an elevated structure a few feet off the ground with a cement, tiled floor and walls made partially of brick and bamboo.

The roof would have bamboo cross beams and a typical-for-the-area grass roof with a hidden layer of heavy-duty plastic and mosquito netting to keep the bugs out. The hut would have a balcony, one bedroom, one full bathroom with electric-powered hot shower and a kitchenette area complete with a countertop, sink, mini-refrigerator, one queen bed, closet, WIFI and a dining table for two. I did it, and it looks great, but not without learning a lot along the way. For rent (based on market prices) at $20/ night, $95/week or $250/month, the price is the same for one or two people.

ecuador builders

Total build time = 5 weeks
Total size = 30 m2 or 322 ft2

TOTAL COSTS

Labor costs
4 laborers for 3 weeks (2 lead builders, 2 assistants), 3 laborers for additional 2 weeks (2 lead builders, 1 assistant)
Lead builders (maestros) I paid one $150 a week and the other $140 a week.
Assistants (oficiales) I paid $90 a week
Extra $80 for extra men the day we poured the floor
Total= $2250

Material costs unit cost total cost
5.5 m3 of rock for construction $20.35 111.93
3 m3 of fine sand for construction $12 36
5 m3 of large-grained sand for construction $18.30 91.50
72 Sacks of cement $6.65 478.80
1 screwdriver $1.34 $1.34
11 Material transport cost $7 77
25 Rebar of 12mm $11.77 294.25
39 Rebar of 8 mm $5.31 207.09
18 Rebar of 10 mm $8.19 147.42
31 steel wire for tying rebar $.88 27.28
1 Wire #14 100m $27.50 $27.50
2 Paintbrushes $1.87 3.74
2 Pairs of rubber gloves $1.60 $3.20
1 Flex meter $3.03 $3.03
1 Net to filter sand $3.16 $3.16
45 4-meter boards of low quality wood for construction purposes $3.40 $153
28 m2 large floor tiles for bedroom and kitchen 5.18 $145.04
1 SIKA 4kg Acelerante $5.37 $5.37
2 Red Teflon Paolo $.41 $.82
2 drain piece for shower $2.25 $4.50
10 nails for cement 2.5” .08 $.80
20 nails for wood 2.5” .84 $16.80
1 Tube Connector $2.09 $2.09
1 Tube 110 mm $10.04 $10.04
10 Viruta #8 $.60 $6
10 lbs of 2” nails $1.63 $10.63
3 lbs of 3” nails $1.63 $10.63
Tubes for plumbing $2.65
34 Bamboo thin 4 meter stalks for construction purposes $3 $102
3 4×4 wood cuartones $6.35 $19.05
1 mangle (wood beam) 5 meter $13
2 doors nicely finished $70 $140
2 Door lock $12 $24
6 Caja Rectangular Plastigama Plumbing accessories $.76 $4.56
1 Caja Octagonal .76
5 Tomac 1228 2.37 $11.85
1 Tomac P-68 2.14
2 Interruptor 1100 1.79 $3.58
8 Perfiles 4x4x2.3 2.61 $20.88
2 Brushes for wire 1.60 $3.20
2 Viruta #8 .58 $1.16
2 Windows with wood frames nicely finished $100 $200
25 stalks of diced Bamboo $3.50 $87.50
15 m2 of Beige tile $9.06 $135.90
7 m2 of Sabina Beige tile $7.81 $54.67
30 units of designer bathroom tiles $.76 $22.80
4 Bags of Porcelain, grout $1.73 $6.92
16 Sacks of Bondex Titania 20kg cement $4.24 $67.84
4 Sacks of Bondex Premium 20kg cement $12.41 $49.64
Varios Tubes and plumbing/electrical accessories $478.89
2 Electric saw blade $4.50 $9
10 Cabo ¼ $.22 $2.20
1 metal sink $28.57
30 m2 Black heavy-duty plastic for roofing $1.56 $46.80
3 units Maderol 1000cc $10.26 $30.78
2 Piola Nylon Ponte Selva #6 $1.87 $3.74
8 Sack Granite pebbles $2 $16
1 Codo 50×90 Plastigama 1.20
1 Sifon 50mm Plastigama $4.01
2 llave de pared for kitchen plumbing $21.87 $43.74
3 Tubes for toilet 1/2×7/8 2.36 $7.08
16 screws 8×2” .05 $.80
1 6” brush Wilson 9.55
8 Rosetron Bakelina .58 $4.64
1 Connectors for bathroom sink $9.82
8 Tiras (wood for construction) 1.56 $12.48
10 Cuartones (wood for construction) 2.93 $29.30 744.5
6 units sandpaper #120 .35 $2.10
3 units sandpaper #80 1.35 $4.05
3 units sandpaper #180 .35 $4.05
1 unit handicraft wood for balcony $60
6 bundles palm frowns for finishing roof $25 $125
Other wood costs for construction not calculated above $100
2000 Bricks .21 $420

Total material cost: $ 4306.86

Total cost = $6557.36

Final conclusions, lessons learned, notes to self + you:

- Buy pre-fabricated if you can find a design you like! It will save you time, hassle and money!

- Build on the ground, not with an elevated floor to save costs on rebar and time. This error cost me a bit over a $1000 and caused me to go over-budget!

- Build with cement block and the typical metal-sheet roofing when feasible to economize, use brick for decorating and highlighting only. Bricks are very time-consuming to build with.

- Shop around for doors and windows prices range greatly.

- When building an elevated floor or multiple floors find someone to rent you their construction wood planks, the ones they use to hold up the cement.

- Have your own pick-up truck type vehicle during construction and save greatly on transport costs.

- Once your floor and support columns are in most of the heavy lifting is done and you can reduce personnel.

- Always be prepared for construction projects in new countries to cost 50-75% more than you planned for if managing yourself.

- Although feasible and even a bit fun, if you aren’t a builder it’s really not a good idea to manage a construction project yourself.

- There is a reason Ecuadorians build like they do, and like I followed with TIKI HUT #1, don’t reinvent the wheel, try to build as they do to economize but maybe while adding a few “perks” that add value to your place and make it somewhere you’d like to live.

-Building with eco-products like Bamboo actually is MORE expensive than building with cement and cement block.

- Buy as many fixtures, furniture and materials as possible in the nearest big city to save costs, on the southern coast that would mean buying in Guayaquil.

-Buy all the rock, sand and cement bags you will need for the project beforehand to save time and costs considering you have a place to put it.

- If building on your own get at least a couple “expert” opinions beforehand, I only got one, wasn’t enough, wish someone would have told me at least what I just told you, it would have saved me thousands!

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Posted in Ecuador for Investors, Expat Lifestyle, Investor News/Analysis

An ambulance ride in Ecuador

ambulances in ecuador

“Jeeze, that was some crazy sh*t.” I thought as I sat in an ambulance on the coast of Ecuador this week.

I started to recollect what happened as I sat next to the nurse looking down at my friend as the ambulance sped along.

Moments earlier we were on the construction site of where I was in the last day or two of completing 3 tiki huts or “cabañas” on the southern coast of Ecuador.

In the final moments of the day, the lead builder was cutting a piece of wood for the balcony of one of the huts with an electric saw when… “zip” it kicked back and caught him in the shirt.

I was about 30 feet away so I saw it all go down.

At first, his look was of shock, then relief as he thought he missed getting knicked, then as he checked his shirt he realized there was a hole in it.

He lifted up his shirt and … wow… he saw the 6 inch slice in the side of his belly exposing his fat and underneath, different color things that I confirmed later were in fact his intestines.

I had never seen a cut like that.

He waved me over and grabbed my shoulder while another worker took his other shoulder and we walked quickly to the nearby clinic while he held his side. It was conveniently only 1 block or so away.

Once inside we went to the emergency room where he quickly got taped up. The small clinic had to ambulance him to the nearest hospital with surgeons that could stitch him up.

Once we finished the almost hour long ambulance ride he went into surgery, where he stayed for the next 3 hours.

He had to spend the night in the hospital but by the next day he could walk out of there.

He will have to stay off his feet for a couple weeks but the docs said he didn’t cut anything vital, so he should be OK soon.

The total bill from the hospital stay, surgery and ambulance ride = $0 (It was a public, free hospital.)

A few things I learned from the incident:

- Ecuadorian construction sites are VERY hazardous places, don’t just meander through them like you would a park. Proceed with caution, heads up!

- When hiring workers off the street and managing a project yourself you not only have to police them to be sure they’re working, but also to be sure they’re working safely. For instance my worker (and friend) was cutting a board horizontally in the air when he shouldn’t have AND he was looking away from where he was cutting. As well, the nurse at the hospital said construction accidents are quite common but the most common is when workers fall great distances.

- Most public, free hospitals in Ecuador are in fact pretty good and can be relied upon in time of need. Just be sure someone is there that can run to a nearby farmacy and buy you medicines as the doctors ask for them.

- The tool he was using wasn’t mine, but don’t lend Ecuadorian workers your fancy power tools that you may have brought from the US, they will probably say they know how to use them when they really don’t. Let them build how they know how to build.

- I knew this already listening to stories from other people in Ecuador, that’s why I had one of the workers stay back at the job site when the accident happened. But in time of emergency don’t abandon valuables, some sly locals will seize the opportunity to rob you, it’s sad but it’s how it works in poor countries sometimes.

And remember, as always, before you make any investment in Ecuador, you’re going to want to sign up for my weekly, Ecuador Insider’s Newsletter below where I spill all the beans on investing in Ecuador (You can unsubscribe at ANY time):

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Posted in Ecuador for Investors, Expat Lifestyle

A Guide to the Valley of Longevity:Vilcabamba

vilcabamba

Vilcabamba is THE place to go in Ecuador if you just want to veg-out in absolute tranquility. The weather is near perfect and on most days you can hear a pin drop.

Where to stay in Vilcabamba?

Hotel Mandango: My pick for budget travelers with clean, simple rooms that start around $6 per person.

What to do in Vilcabamba?

- Swim in the nearby lazy streams.

- Rent a bike and bike around town.

- Hike the nearby hillsides.

- Try the Filet Mignon at Madre Tierra Guesthouse.

- Get a facial and a massage at Madre Tierra Guesthouse.

- Check out some real estate with one of the several local agencies with offices around the main plaza.

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Posted in Ecuador for Investors, Ecuador Travel Guides

What you must bring to Ecuador to get a residency visa

ecuador resident visas

This week I got a question from a friend…

“Dom, I heard you offer a free visa consultation for those interested out of your B&B in Guayaquil, I’m headed back to the US for 3 weeks, what documents and things do I need to bring back to Ecuador in order to get a residency visa?”

Great question.

As with any visa process, there is a laundry list of requirements all attainable rather pain-free once already in Ecuador. BUT there are a few requirements you CAN’T get in Ecuador, so you will need to bring them from your home country.

Regardless of your choice of visa, you will need to bring…

1. A birth certificate apostatized by your secretary of state (for US citizens only) or have your birth certificate certified/legalized by an Ecuadorian Embassy in your HOME country. I recommend getting your documents certified by an Ecuadorian Consulate, some state apostles no longer look like apostles so some immigration officials won’t accept them even though they should. Ecuadorians love STAMPS.

2. A local police record check from where you’ve lived the last five years… you’ll need this document apostatized or legalized by an Ecuadorian consulate in your home country. A federal or FBI check is not necessary.

3a. For MARRIED folks, you’ll need an official copy of your marriage certificate apostatized or legalized/certified by an Ecuadorian consulate in your home country.

3b. For SINGLE folks, your proof of “single” status can be obtained from the Secretary of State in your former home state (in fact NOT from a consulate like the Ecuadorian Cedula employee told me earlier this week), but a certified divorce decree, will also serve the same purpose. This document also needs to be apostilled or legalized by an Ecuadorian consulate in your home country. (THIS IS ONLY NEEDED FOR THE CEDULA, NOT THE RESIDENCY VISA.)

For folks applying for the PENSIONERS resident visa…

4. You’ll need a document serving as proof of your pension from the issuing institution legally apostatized or certified in an Ecuadorian Consulate in your home country. For instance, this can be a BENEFITS STATEMENT from a social security or disability pay out.

For folks looking to get an investors visa the first 3 requirements are all you need to bring to Ecuador, the rest is attainable once here and translations of foreign documents to Spanish IS necessary but can be done cheaper once in Ecuador.

Random visa notes and Q&A based on yesterdays email…

- First a correction, as of July of 2012, you can, in fact, get both your residency visa AND cedula (Offical Ecuador ID card) in Cuenca as well as in Guayaquil and Quito. I think many are still unaware of this, like I was, cause many folks still come to Guayaquil to get cedulas when they no longer have to.

- Sc@m alert… one subscriber emailed me.. “I was told by someone that there were coming changes that would make getting a residency visa harder and that if I give him $1395 that he could get me “grandfathered” in so that I wouldn’t have to deal with all the new requirements.” … my response. This is simply not true, the requirements MAY change, who knows, but their are currently no plans to do so. This sounds like a dishonest sales pitch.

- Question… “[one guy] said he could get me my residency papers right away, but I wouldn’t have to come down right off, they’d be ready for me when I came down. In other words, that’s all bunk too?”

My response… I would NOT start this process from abroad… just wait until YOU ARE IN ECUADOR to begin the residency process… AND DONT use a lawyer who will likely overcharge you and then not do the work! It is really NOT necessary to use a lawyer for visas in Ecuador. This is something you can do yourself if you speak Spanish or to save a bit of hassle you could hire a facilitator (like me when I have free time :)), for instance, I charge $350 and within one month you can get both your residency visa and cedula. That’s about the going rate. Lawyers usually charge double or triple that and often take MUCH longer to complete the job.

- Question: “I just received my 12-1x visa yesterday and am going back the states next thursday. What effect does my leaving have on my visa. Do I save days on the 180 for time spent away?”

My Response… I’ve seen people leave Ecuador with time left on a visa and when they come back they are given ONLY the remaining time until the visa expires. For a different scenario, as for the free 3 month stamp upon entry, for example, if you come to Ecuador for 2 months, leave for a month, and come back they probably will stamp your passport upon entry allowing only a 1 month stay because in a year you are only allowed to be in Ecuador for 3 months on the free tourist stamp. It works similar for visas like in your case.

- Question: “Can you explain the requirements once a residence visa has been obtained? Must a permanent resident reside in Ecuador full time or is part time sufficient?”

My Response… technically, they say officially that you need to be in the country for at least 9 months a year your first two years, but unofficially I know several people who have spent less time in Ecuador with no problems. The only time I foresee a problem is if you plan to apply for Ecuador dual citizenship as allowed after 2-3 years of residency.

- Question: “How long is the residency visa or cedula valid?”

My Response… Residency visas in Ecuador are “Indefinite” meaning you never have to renew them as long as you meet the requirements of which you used to get your visa.

- Question: “I can’t move to Ecuador yet do to my job, but should I get the residency visa now?”

My Response… you can be in Ecuador up to 6 months a year on tourist visas, so just do that if you don’t plan on living here… why go through the hassle and expense if you aren’t even going to live here, for now. If you don’t move here now, chances are you never will… that’s just how life is, am I wrong?

- Question: “Dom, I’m already in Ecuador, but I forgot the aforementioned documents, can I still apply for the residency visa?”

My Response… no! You will need these documents before applying but you CAN send away for them from Ecuador if you have a good friend in your home country who can gather these documents for you and DHL them to you… I just did this this week for someone and from the US to Ecuador DHL delivered in 2 days!

- Question: “Dom, how long does it take to get the residency visa and cedula once submitting the application?”

My Response… 3 weeks to one month. If it takes longer there may be a problem or you may have selected the person to help you get your visa and cedula poorly.

- Question: “Dom, oops, I overstayed my visa in Ecuador, is there a fine or sanctions I will be subject to?”

My Response… As of 2012, there is no more fine for overstaying your visa although corrupt immigration officials may still try to charge you it… I’ve seen it happen, just a few weeks ago!…You can however hold firm and they likely won’t insist. There is however restrictions on when you can come back into the country unless you get approved for a visa before coming back to Ecuador. Always best to stay legal.

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Posted in Ecuador for Investors, Ecuador Q&A, Investor News/Analysis

Zamora, a Gem of the Ecuadorian Orient

zamora-ecuador

Zamora, the gateway to the southern Amazon region, refreshingly cool due to its altitude, Zamora has a unique feel surrounded by waterfalls, rivers and orchids. If you like bird watching and hummingbirds this is the place to visit, just 1 hour from Loja with the new road.

Where to stay in Zamora?

Copalinga: A hydro-powered nature lodge great for hummingbird watching. (From $25 per person).

Hotel Betania:Francisco Orellana My pick for budget travelers with clean, simple rooms that start around $12 per person.

What to do in Zamora?

- Kayak or rafting on the Rio Bombuscaro.

- Visit nearby Parque Podocarpus.

- Rappelling up the nearby waterfalls.

- Bird watching near the Rio Bombuscaro.

- Take a Orchid watching tour.

- Swimming in the nearby streams

- Paintball in the local course.

- Canopy in the nearby mountains.

- Fishing in the nearby streams.

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Posted in Ecuador for Investors, Ecuador Travel Guides

2012 Changes to Ecuador Residency Requirements

2012 ecuador residency changes

One big reason to move to Ecuador is the ease with which you can become a LEGAL resident.

Trust me, it stinks to have to make border runs every month or two like expats in Thailand, or overstay your visa illegally.

This year, in 2012, I’ve started helping new expats in Ecuador get residency visas or tourist visa extensions while they stay in my B&B in Guayaquil.

And through this work, I’ve witnessed a few changes to the requirements over the course of 2012.

Here they are as I write this on November 23, 2012…

1. A few months ago they abolished the rule that you had to submit your application for residency visas or extensions with at least 30 days remaining before your current visa expires. Now, as long as you get it in while still on a valid visa in Ecuador you’re OK.

2. Around August they started requiring foreigners bring a birth certificate (apostilled or certified in an Ecuadorian embassy abroad) from their home country in order to get the “cedula” or your official Ecuadorian ID card.

3. Over the course of the last year Ecuador has opened immigration offices in both Manta and Cuenca where you can apply for residency visas but in Manta you still cant attain your Ecuadorian “Cedula”.

4. Last week while helping someone get their cedula, I learned of a brand new rule on the books (directly from the Cedula Officials) that foreigners getting first time cedulas need to get proof of their civil state, meaning if they are single, they need to go to their Secretary of State and get a document verifying they are in fact “single” in their home country, or bring an apostilled or Ecuadorian-Embassy-Certified marriage certificate. Before, if you were single just doing a quick sworn statement in a local notary would do. As of now, they still might accept the sworn statement because new laws usually take a while to begin to get enforced.

What hasn’t changed?

Thankfully, for several years now the main qualifications needed for a residency visa have not changed… as of yet. You still qualify for residency in Ecuador if you have a pension over $800 a month (or $900/mon if you’d like to bring a spouse), or an investment in the country legally valued over $25,000.

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Posted in Ecuador for Investors, Ecuador Q&A, Investor News/Analysis

What to do in Loja?

tigrillo
El Tigrillo

loja-ecuador

Loja is an interesting place. Some acquaint it to a mini-Cuenca, but it actually has a flavor all its own. The people are very proud of the heritage, are very into the fine arts, classical music and they even have their own gastronomy, and arguably the best coffee in Ecuador.

Where to stay in Loja?

Hotel Prado Internacional: Near the old town, this is by far the best value for buck place in Loja, with top quality although cramped rooms for a reasonable price ($20 per person).

Hotel Londres:Sucre 07-51 My pick for budget travelers with rooms that start around $7 per person.

What to do in Loja?

- Meander the Old Town. Its one of the most picturesque in Ecuador.

- Visit nearby Parque Podocarpus.

- Visit the locally-famous zoo.

- Try the local eats like the TAMAL LOJANO, TIGRILLO, and LAS HUMITAS.

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Posted in Ecuador for Investors, Ecuador Travel Guides

My Take of Chordeleg

chordeleg-ecuador

chordeleg

If there’s somewhere in Ecuador that has a true eternal spring-like climate, maybe it’s Chordeleg. Besides the wonderful climate, Chordeleg is neat to visit as the country’s top silver destination. The silver shops line the streets all around the main plaza.

Where to stay in Chordeleg?

Residencial Gualaceo: Gran Colombia 3-02 In nearby Gualaceo, this is my pick for budget travelers for the warm atmosphere and cheap prices with rooms starting around $8 per person.

What to do in Chordeleg?

- Go jewelry shopping in and around the main plaza in town, Ecuador’s finest!

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Posted in Ecuador for Investors, Ecuador Travel Guides

‘Must dos’ in Cuenca

parque-cajas-ecuadorA Llama

cuenca-ecuador-flower-marketA Flower Market in Cuenca.

From the breathtaking views of the old town from the riverside to the friendly locals, you just might want to stay.

Where to stay in Cuenca?

Hotel El Barranco: Calle Larga My pick, a clean, eloquent old colonial turned hotel right where you want to be in Cuenca in the old town near the river with rooms starting around $20 per person.

Hostal El Capitolio: hermano Miguel 4-19 A good budget option right in the center of the old town…and cheap… with rooms starting around $8 per person.

What to do in Cuenca?

- Browse the old town around Parque Calderon

- Mix with expats at the Inca Bar or the California Kitchen.

- Visit nearby Parque de las Cajas.

- Buy flowers at the outdoor flower market near Parque Calderon.

- Visit the largest typical Ecuadorian street market at Feria Libre.

- Get a taste of the hip, local nightlife scene along Calle Larga in the Old Town.

- Try the local delicacy, fried Guinea Pig (Cuiy).

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Posted in Ecuador for Investors, Ecuador Travel Guides

Azogues, worth a visit?

azogues-ecuador
Azogues is like the unappreciated, ugly sister of nearby Cuenca, but if you stick around long enough to notice, it actually has a unique flavor of its own.

Where to stay in Azogues?

Hotel Paraiso: Vascones y Veintimilla My pick, a clean, eloquent business hotel with rooms starting around $24 per person.

What to do in Azogues?

- Buy a Panama Hat at the Saturday market on Rivera.

- Visit arguably the most impressive church in Ecuador, visible from about everywhere in town.

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Posted in Ecuador for Investors, Ecuador Travel Guides

What to do in Riobamba?

Riobamba

Where to stay in Riobamba?

Hotel Tren Dorado: Carabobo 22-35 Near the train station, a simple, clean option with rooms that start around $10 per person.

Hotel Los Shyris: Rocafuerte y 10 de Agosto In the city center with recently renovated rooms that start around $14 per person.

What to do in Riobamba?

- Hike the Chimborazo, the country’s highest peak.  Guides can be found in one of the several travel agencies like Veloz Coronado Expeditions Chile 33-21 y Francia

- Meander the Saturday crafts market near the Parque de la Concepcion.

- Board the famous train ride of El Nariz del Diablo.  $25, leaves 7am every Tuesday thru Sunday, Visit  The Ecuador train schedule for more.

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Posted in Ecuador for Investors, Ecuador Travel Guides

“Must Sees” in Baños – A Baños Destination Guide

Where to stay in Baños?

Anywhere:in the centro What I mean by this is that literally the entire town of Baños is one big budget hotel, just walk around and pick one, any one is dine, most simple ones start around $10 per person.

 

 

What to do in Baños?

- Do the full day bike descent along the highway to Puyo. Amazing as the Amazon opens up before you little by little.

- Charter a rafting trip at one of the several local agencies. Starts around $30 per person.

- Soak at one of the many hit springs on the north edge of town.

- Get a message at the Spa Garden El Refugio.

- Climb the Tungurahua Volcano.

- Visit the look out point and see the volcano spewing lava (maybe) at night in the distance… amazing!

 

Banos ecuador

Ambato Ecuador

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Posted in Ecuador for Investors, Ecuador Travel Guides

20 Expensive Lessons Learned Building a Home in Ecuador

building in Ecuador

It’s cool to look at a patch of dirt…

…point at it…

…and start building a home.

A few weeks ago I did just that for the first time in Ecuador as I began my project on the coast building from scratch.

And here are 20 of the most important (and costly!) lessons I learned the hard way so you don’t have to:

1. If you can’t be present, pay someone one price for the whole project.  If you can be present and have the time find a few local workers and pay by the week.

2. It’ll always not only cost more but take longer than you think it will.

3. Bricks look nice but are very labor-intensive and eat up a lot of time when building with them.

4. After the first few weeks of the project most of the heavy lifting is done and to save money you can go with just the specialized lead builders (maestros) and lay off the helpers and assistants (oficiales).

5. Yes, Bamboo is cheap but building with it eats up even more time than brick lying does if you want it to look nice.

6. Buy the larger ceramic tiles to speed up construction time, plus they look more elegant.

7. Only have your builders lay ceramic on the shower walls and the bathroom floor.  No need to tile the whole bathroom, you can save costs and time.

8. Install the doors and windows at the very end of the project so they don’t get scratched and botched up.

9. Pay for the materials in cash, in Ecuador most stores will charge an extra 4-12% when paying with a credit OR debit card.

10. Plan a few days ahead so your builders never have to pause with their arms crossed during the construction process because you went to buy materials at the last minute and the local stores were out of stock (common!).

11. For simple constructions, blueprints drawn up by an architect aren’t really necessary but they will help to get a building approval in the local Municipal.

12. To save money if building on the coast buy most of your building materials in the nearest FERRISARIATO big box store, on the southern coast the only ones are in La Libertad near Salinas or in Guayaquil.

13. Get at least a couple quotes for things like doors and windows, turned out I overpaid I discovered asking around after the fact.

14. After the doors and windows are installed check to be sure they close and lock correctly, mine didn’t cause the guys were rushing.

15. Don’t start the construction project the same week as an Ecuadorian national holiday, you will have to pay the same weekly stipend but you will actually lose almost 2 days of work because many of your workers will skip out early the day before a long weekend or work half-a$$.

16. If feasible buy all your materials one time at the start of the project to avoid having to make frequent runs to the hardware stores and pay hefty transport fees.

17. Buy pre-fabricated if possible and save yourself the hassle of building (unless you like it)!

18. Understand the standard Ecuadorian construction work-week, Monday through Friday 8a-4p plus Saturday 8a-12p.  Laborers will try to negotiate to work only Monday through Friday but that is not the norm here for construction projects.

19. Buy your laborers lunch and for the extra $2 it cost you you can get them to stay and work an extra hour at the end of their shift.

20. Cash, Cash, Cash!  Getting cash is a big problem when building in the small towns on the coast of Ecuador.  All your workers will expect cash payments and there is NO WHERE to take out cash.  Plus the few ATM machines that do exist usually have daily limits of $300 you can take out of any one card.  Have a plan or even better a local bank account you can withdraw from on a weekly basis, especially at the end of the week.

But first you need to find the land, and to learn how I find it… cheap…by signing up for my weekly Ecuador Insiders Newsletter…

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Posted in Ecuador for Investors, Expat Lifestyle, Investor News/Analysis

What to do in Ambato? – Ambato Destination Guide

Where to stay in Ambato?

Gran Hotel:Crn Rocafuerte and Lalama My pick, but not much here to be excited about except the hot water and safe rooms starting around $15 per person.

 

 

What to do in Ambato?

- Browse the city and visit one of the many street markets like the one on Monday mornings that turns the streets in the center of town into a supermarket.

 

 

 

Ambato Ecuador

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Posted in Ecuador for Investors, Ecuador Travel Guides

9 Examples of Tiki Beach Hut Designs in Ecuador

As you may know if you’re signed up for my Insider’s newsletter, I’m currently building a few beach “Tiki-style” huts on the southern coast of Ecuador in the typical local style.

You know the ones I said you could build for around $3500 (at least that’s what i got quoted, we’ll see how much it actually comes to later this week).

So what is the “local” Ecuadorian-style?

Think bamboo. It’s cheap here, precisely $4 a stalk.

But there’s more to it than that, better, let me show you a few examples.

ecuador beach

ecuador beach

ecuador beach tiki huts

 

 

ecuador beach tiki huts

 

ecuador-beachfront

ecuador-beachfront

ecuador montanita

ecuador montanita

manglaralto ecuador

ecuador house designs

ecuador house designs

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Posted in Ecuador for Investors, Expat Lifestyle, Investor News/Analysis

Part 3 Ecuador Photo Diary Series: Montanita

Welcome to part 3 of my on going Ecuador photo diary series…enjoy, post comments at the bottom…Dom

locals hanging out in Montanita Ecuador

locals hanging out in Montanita Ecuador

montanita restaurant cabana

a popular restaurant near the beach in Montanita

montanita clubs

the clubs and nightlife is world class in Montanita

montanita ecuador beach surf

the montanita beach and surf on an overcast day

montanita ecuador deep sea fishing

did you know you can deep sea fish near montanita, write me for more details...

montanita ecuador spanish school

Montanita...I love you too...

montanita real estate

you can still find land lots like this for sale in Montanita

montanita cabana hostel

a montanita cabana style hostel



HOUSE FOR RENT NEAR MONTANITA

One price for WHOLE HOUSE, fit as many as you wish!…

3 bedroom with one queen bed each, 2 full bathrooms, fully furnished kitchen with dining table and mini-refrigerator, patio with hammocks overlooking the ocean, dining area…

montanita home rentals

Furnished kitchen with plates, fridge, refrigerator and gas stove.

Pets OK, garden, yard, parking area.

$30 per day, $180 per week, $380 per month (including internet).

$100 security deposit, can rent for days, weeks or months.

After reservation you will be emailed the key pick up tips.

Click here to check availability and reserve now!

Or call Dom at 0969251257 or write us below:

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Arrival Date, Length of stay and questions:

manglaralto beach

The nearby beach, just south of Montanita.

 

montanita-house-for-rent

 

montanita vacation rentals

 

montanita ecuador

montanita-house-for-rent

montanita-hotel-near-beach

montanita-houses

 

 

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Posted in Ecuador Q&A

New home buyer gets ‘cleaned out’ in Ecuador

home inspections ecuador
Puerto Lopez, Ecuador.

Man, I’ve seen this a lot in Ecuador.

And it’s something any new home buyer NEEDS to be aware of.

It’s when a home buyer tours a house for sale.

And the house has furniture.

And they assume the asking price includes the house and everything in it.

Sometimes, they’re even told the house is sold furnished by the seller.

Then, surprise…surprise.

After closing the new home buyer goes back to claim their new house and it’s completely cleaned out.

All that’s left are the holes where the air conditioners used to be.

Or maybe they’ve replaced a few of the higher priced furniture with lower priced ones.

Telling this story to an Ecuadorian would not surprise them.

Because it happens a lot.

So before you buy be sure to get a complete inventory in writing of everything that is sold with the house.

Right down to the make and model of each item.

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Posted in Ecuador for Investors, Expat Lifestyle

Doms Guide to the Quilotoa Loop

Where to stay in the Quilotoa Loop?

Hotel Quilotoa: This simple yet clean hotel is my pick right across from Condor Matzi with rooms starting around $10 per person.

 

 

What to do in the Quilotoa Loop?

- Hike the Quilotoa loop.

- Visit Tigua, a village full of painters and artists.

- Try the Andean local market at Zumbahua.

- Canoe the world-famous, emerald-green crater lake of Quilotoa.

-

 

 

 

 

the-quilotoa-loop

The Quilotoa Loop

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Posted in Ecuador for Investors, Ecuador Travel Guides

Free 2014 Ecuador Property Price Guide

Don't overpay! Get 2014 Ecuador property price data based on over 500 transactions in this brief, informative report, Normally $64.95, today get it FREE! Fill in below to receive now:

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