A lot of people don’t know this about me… but I actually have an Ecuadorian mentor.
He’s born and raised Ecuadorian, from Guayaquil, self-made, about 50, and currently owns a hotel in Salinas, a rent a car company in Guayaquil, and a few other smaller hotels in Guayaquil.
I actually partnered with him when I part-owned a hostal in Guayaquil, my first significant investment in Ecuador. I wouldn’t have had the guts to do something like that on my own when I first got here, he showed me the biz.
Anyway, we still keep in touch, and one day we were talking and I asked him what he considered to be a good investment?
He responded, “20%…” OK I thought, that’s good.
But he wasn’t finished… “a month”.
“Wow, really? That’s how rich Ecuadorians think?” …was all that went through my head.
But after being here a while (3 years +) I can honestly say its true, for a lot of investments in Ecuador, that’s about the return you should expect.
Remember, like most places in Latin America, Ecuador should be considered a higher risk investment, and the returns should substantiate that.
So, how do Ecuadorians double their returns?
Yea, I learned this here in Ecuador. Rent the property and put the business, or rent the business, redo it and really put it to work and you will often see 100% returns on your now much smaller investment and get your money out within 2 or 3 months!
Sometimes it makes sense, but you don’t necesarily have to own ‘the trains’!
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