“Kathleen, what do you do about leverage outside of the United States? For example, can you get loans in Colombia, or do you need to pay all cash?”
–Andrew P., United States
In most of the world, financing for non-residents is difficult or impossible to organize, meaning you need to pay all cash for the purchase of real estate. In Colombia, specifically, some foreign sellers will carry back a mortgage, but the terms will be short and the interest rates higher than what you’re used to in the United States.
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