Real Estate Investment Canada

Would it be a investment to buy real estate in a developing country?

Would it be a good or bad idea to buy some real estate such as an apartment building in a developing country such as Ecuador or Peru. This is from someone living in Canada. Reason to buy is buildings are very cheap and can be paid off quickly from someone from Canada. What do you think?

Public Comments

1. I think you would really have to have a good management team there you could trust. I am mot real good at geography, but i think it is a hike from where you live. Not sure tax wise how that would work. I don't know for sure, but have been told that several countries don't allow foreigners to actually own land, so please check all that out. Aren't there some bargains closer to you that you could at least go to - so you can check on your investment? good luck
2. You would be better off in the Philippines than in a South American country. If you can't personally manage the property, then you will have to find someone who can manage it for you. A real plus is that most Filipinos speak English. This can't always be said for our south-of-the-border friends. Stability of government is another issue. Tread carefully if you are going to be doing foreign investment, and be sure to work with people that are trustworthy and can be easily located when problems occur.
3. You can never be sure where the economy is heading in the USA, Canada, or around the world. On on the one hand it is good to save your money, save it in case things get worse. However, this is a buyers market. Prices are cheap, no one wants to risk their savings. Buying land and buildings in South America actually sounds like a great idea. You can get the land cheap, the labor cheap, and when you finally get everything done hopefully the economy will be back up. When the economy gets going more people will want to travel and then you can start earning your investment back. I say, go for it!