“Kathleen, if it costs US$80,000 to US$100,000 to buy an apartment in Medellin and you could rent for US$450, how can you make between 9% and 14% on your investment if you buy an apartment, as you said in your recent e-mail”
–Anthony M., United States
The apartment you rent unfurnished for US$450 a month long-term isn’t the same apartment that sells for US$80,000 to US$100,000.
The higher returns come from short-term furnished rentals.
Continue reading: Comparing Retirement In Cuenca, Ecuador, With Retirement In Medellin, Colombia
