Recent content by ravingnomad

Right, and to be honest, I initially had those fears too, as well as about social unrest, but as I learned more and more about the workings of the country and gov't, I came to realize that those fears were unfounded. Anyhow, like anything worthwhile in life with the potential for big returns, it...

Yep, it's really crazy at first glance- especially if you know nothing at all about Argentina. I think most people (as I once did) think of Argentina as a Latin American banana republic like Venezuela or Nicaragua. I had a friend ask me what I would do if the government changed and they decided...

I'm jealous of all of your other properties in your portfolio- I wish I had more resources to purchase a couple of more immediately, but I'll have to wait a couple of years or so for my next one! Unfortunately by that time, prices will have risen quite a bit, so it would be mostly for the...

Yes, very first one (but not the last) for me. So I met Mike when he first moved back to the US in 2011. Over time I got to know him pretty well and heard about all his successes in BA- saw his HGTV episodes where he was on House Hunters Intl and all the other print media, like the NYT and WSJ...

Yes, very fortunate indeed! Prior to meeting him, I didn’t know anything about Argentina. I always tell him that if some person I just met told me about an opportunity to invest in real estate in a bankrupt South American country and that I would just need to wire the money to a 3rd party and...

Yes! So I actually met him 15 years ago outside of the Buenos Aires space when he first moved here to San Diego and we’ve been good friends ever since- the only reason why I’ve even bothered to invest with him was I got a detailed behind the scenes look for over a decade at his successes-...

Thanks CXA! Yes that’s the other pain point that Mike told me is a big reason why are our occupancy rates are so high- a lot of digital nomads and remote workers need reliable high speed Internet and there are very few properties in BA that offer it. I’m not sure how it would work for a...

Ya by all accounts the property is renting off the charts. So to be honest, I don’t ever bother to look at the utility bills- when you have Mike looking over everything, you know you don’t have to think about it😂 I know both electricity and HOA’s have gone up since it was listed in February last...

No it actually didn’t include furniture or electronics which was around $30k more if I recall correctly. Yes, I originally was going to sell, but the cash flow was so great. I decided to take it off the market.

Yes, it’s pretty much all due to @earlyretirement- I just let him make all the decisions and manage everything. His secrets formula is to buy really high quality furnishings, electronics, 1Gbps WiFi and most importantly- mattresses. I think one of the biggest complaints from guests staying at...

So I’m one of the other forum members Mike mentioned that has a unit in the building: Condo in Buenos Aires · ★4.97 · 2 bedrooms · 3 beds · 2 baths Just like Johnny’s apartment, the occupancy has been incredible- it’s constantly around the 90%+ rate. In fact I don’t think it’s dipped below the...

I’m definitely in a fortunate situation and don’t take it for granted. Some of it is luck, such as coming into a little bit of money. The other half is an intentional decision to live below our means and invest as much as possible over many years in the stock market. Of course you also have to...

Hi @TripMe, yes, I feel blessed! A lot of hard work and living below our means though. I guess you can say it’s delayed gratification, like the Stanford marshmallow test 🤣. From my understanding, mortgages are pretty much nonexistent here. All the transactions are paid in full, cash.

Hi @Katyx, yep born and raised here in the USA. We fell in love with BA when we first visited years ago and have been dreaming about retiring early here for a few years now. Apart from just being an amazing and beautiful city, the quality of life for the money is incredible and affords us the...

Great resource for info. My wife and I had been looking for a property in either Palermo or Recoleta and after doing some research, hired them for a consultation based on their good reputation. Suffice it to say we were thoroughly impressed and ended up closing on a new 2BR/2BA apartment last...