Category: Ecuador for Investors

With plentiful and cheap buses and taxis, the great thing about Ecuador is that driving is truly not necessary, just a luxury.

But for those who dare to brave the other lane challenged Ecuadorian drivers, driving in Ecuador is really easier than you think. But buying a car wouldn’t be as easy and impulsive as you think, which needs some deliberation put into it. Deciding between a new car and a used car, checking through its features and legal documents aren’t your favorite pieces of the cake. You can go Official Site for more detail about NC planning. When you are planning to purchase a used car, there wouldn’t be a better option than the sites offering vehicle checks for free.

All you need is a valid driver’s license from your home country, which is all you need while you are in the country on a tourist visa.

If you decide to stay in Ecuador as a resident, you will need to get a local, Ecuador drivers license. To get the license, you will need to go to the Jefatura de Transito in one of the major cities, take a written exam (no drivers test is needed if you have a license in another country) and fill out a few forms.

Actually, you could get by a while (Ecuador is laid back) in Ecuador driving with simply your license from the States or Europe. But if you were to know what you are owed after a car accident, you’d think of those rules to be a tad bit draconian.

Cars for sale and car prices can be seen on the popular local website, patiotuerca.com. In Ecuador, car prices are a little higher than in the States, but the prices have dropped considerably in recent years.

For example, a new, compact Chevrolet Spark starts around $10,000.

If you were thinking about importing your car, if it is used, you are not permitted…if it is new, you can, but it is best to do so once you are a legal resident to avoid paying high import tariffs.

For a breakdown of what car insurance you need to drive in Ecuador and the costs, check back for part 2 of this article tomorrow…thanks, Dom

If you liked this, you’d love my weekly newsletter, revealing everything you need to know BEFORE you invest in Ecuador. Find more info here. Unsubscribe at any time:

First Name
* Email
	* = Required Field

Sorry, this property is no longer being listed…

…Hasta pronto, Domenick…hey, if you liked this, to stay in the know on other deals like this…subscribe below(unsubscribe at any time):

First Name
* Email
	* = Required Field

A LOT of people ask me where to invest in Ecuador…

…And last week on my weekly insider’s newsletter (sign up below free) I got people talking with my “bubble theory”, or unconventional advice for Ecuador home buyers to not try to find the hidden gem areas and in fact, to invest in discovered areas where property values have already risen. Contact Home Buyers Birmingham to get help selling your house fast or to receive up-to-date information on home buying/selling process. To know more about Achat maison etats unis go throgh this website. Many companies have their relocations planned for right after the primary of the year, numerous relocating employees will use the vacations to plan exploratory visits and searching the web.  By having your home on the market and internet now, buyers will have the time to look at your home once they are more relaxed and have the time. Other than this you can check out new home listings in Ontario here.

The key is just to look a little harder and find an undervalued property in an already discovered, appreciated area. And if you were to learn more, you’d know that you can, with the help of technology, find who owns the property you’d be looking for.

The reason for this is simple.

Why try to “hope” and “create” demand for an area when you can look a little harder than everyone else and find a deal in an already appreciated, discovered area with foreign interest, giving you a MUCH quicker turnaround and significant return on investment. This is a strategy property buying companies usually have. Browse our site to learn how such company works. You never know when you might need to sell your house fast. This is exactly in our sphere.

So where are these “bubble” areas or places that have already been discovered, and where I recommend you invest for the best short term gains…?

There aren’t many, Ecuador is still relatively undiscovered and it is a small country.

On the coast, the areas I have seen attracting the most foreign interest (and where property values have already risen a bit) are Salinas, Olon, Manta and to a lesser extent the Bahia de Caraquez area and Canoa.

The places on the coast that are attracting the most local buyer interest are Salinas, Tonsupe (in the north) and Manta.

As for the Andes, highlands region…the discovered areas drawing the most foreign investor interest are by far Cotacachi, and Cuenca…and to a lesser extent, Quito and Vilcabamba. And the locals tend to stick to the big cities (Quito, Cuenca).

Now, I am a more short-term investor type.

I like to get in and out of my Ecuador investments. I had a property in Olon I resold in a few weeks, compared to properties in undiscovered, yet beautiful, areas of the coast that I see take over a year to resell…! I have learned the hard way that most people really don’t like to get too far off the beaten track (even though sometimes they say they do)…

So, based on the aforementioned places, you now know where I honestly recommend you invest!

Next week I am going to talk about the dos and donts of buying communal land, an absolutely essential read for any possible Ecuador property investor!

And to learn where to invest based on the type of property you are interested in (vacant land, condos, town house, colonial home) my full Ecuador real estate guide is still the best read on the net, check it out here…

If you liked this, you’d love my weekly newsletter, revealing everything you need to know BEFORE you invest in Ecuador. Unsubscribe at any time:

First Name
* Email
	* = Required Field

I recently bought a flight from Ecuador to the USA. It was discounted, purchased online, and I had to do a layover in Bogota for a few hours, on my way to Miami.

I actually had flights on different airlines, even though I bought my flight all together. In Bogota, they almost made me leave the terminal and customs and force me to re-enter security.

At the last minute, I convinced them not to make me do that, considering I had only 30 minutes before my next flight.

As I sprinted across the airport to switch airlines and board my next flight, I realized that if you buy a discounted fare online that combines different airlines in your itinerary, there is absolutely no way your bags would arrive at your destination!

Luckily, I travel light and did not check any.

So buyer beware on flights to and from Ecuador, preferably try to travel without checking any luggage!

Saludos, Dom

If you liked this, you’d love my weekly newsletter, revealing everything you need to know BEFORE you invest in Ecuador. Unsubscribe at any time:

First Name
* Email
	* = Required Field