Property Investing In Colombia

“Kathleen, my wife and I are looking to diversify our investments with foreign rental real estate. At this time we are not considering the whole retirement side of the equation, as we are in our 30s.

“We would, however, like to own in a strong rental market with relatively low taxes. We are also interested in keeping our profits within the country in a local bank. Non-U.S. dollar preferred.

“Lastly, we are looking for a country that would likely be open to our moving there if need be (i.e., easy visa with real estate holdings).

“If you could please direct me to either a contact or event that has to do these perimeters, I would greatly appreciate it. I certainly hope you will be a resource in this search. Thank you for your time.”

–Nick T., United States

The place that comes first to mind is Colombia, which qualifies on all your counts. They don’t use the U.S. dollar. You can get residency in this country by investing in real estate. Prices to buy are low, and rental returns are good.

Another good option could be Panama, where it’s easy to get residency and the rental markets remain strong. However, Panama does use the U.S. dollar as its currency.

Colombia is more an emerging choice…perhaps ideally suited to a younger adventurer-investor thinking and planning longer-term.