Real Estate Sales Great New Construction For Sale that is going to be Completed by August 2024 - Meet Palermo

[Ceviche]

Maybe it was for his own protection and to help him not get deported.

It boggles my mind why a guy would lose out on his most productive years of his life and losing the power of compound interest. The truth remains the vast majority of people out there (especially men that plan on retiring to Latin America) aren't making nearly enough to fund the rest of their lives. Most don't take account meeting someone else, having kids, getting sick, etc. I've been traveling, living and working in Latin America for many decades and I have honestly NEVER seen it work out for younger guys that "retire early". Over the long run usually some life event trips them up and they all tell me they regret not working harder when they were younger

I knew you'd get it too. Must be a Texas thang lol

At least you have a great sense of humor @FuturoBA!

I think the same thing about younger guys not wanting to work while they are young. Doesn't make sense to me. Men used to aspire to have kids and support families. Now guys just want to watch Netflix and not have to work too hard. Our society has gotten really soft. No wonder the birth rates have plummeted.

I saw his X posts. The guy is talking to himself. He blocked everyone so talking to himself!

 

[JonJLA]

That is remarkable Jon and a hell of an endorsement, I appreciate you sharing.

You are welcome @CraigM. When I first bought in Buenos Aires 20 years ago it was difficult to trust anyone. People thought I was crazy to buy there but I went there on vacation and stayed in one of Mike's apartment rentals and that is what got me sold. I saw what I was paying and then saw how affordable the properties were. It was a no brainer.

There is more competition now but in the early days there was no competition. I have a little studio apartment and I was getting $150 USD/night and it was booked over 20 days a month. Let's just put it this way, my first aparmtent paid for itself completely in 3 years. That is how good it was. I doubt there will be anything like that now. With competition there are so many small apartments. Maybe in larger homes it could still be done. Or large apartments.

I am thinking of getting back into the Buenos Aires market. I saw a large PH apartment Mike bought and is renovating and I am getting ready to retire to Buenos Aires in 3 years and my house in Los Angeles has skyrocketed in value so I will sell it. I may also buy an apartment in a hotel project he is planning. The numbers look like what I was making in the early years.

 

[CraigM]

I just saw your other post! Jesus this is so funny. Someone needs to find this girl! Was she hot @CraigM

My friend said she was "smoking hot but just a terrible person"

 

[earlyretirement]

So much great advice here Mike. I must admit to being puzzled by that handle given your work habits. Maybe change it to earlyriser? 🙂

Good question! My goal early in life was to be able if I wanted to, to retire at 30 years old. I worked my ass off. And guess what? I was already a multimillionaire before 30 years old. With the power of compound investing, and great cashflow generating properties, I would never have had to worked another day in my life. Even accounting for having kids. Then I sold my company in my mid 30's even adding on millions more.

You know what? I did try retiring for 2 years. I joined a few Board of Directors. I joined some Advisory Boards (helped those companies get acquired and they got rich too). I did cool things that I never had time in life before. Like I never picked up a golf club before because I had no time! I was too busy working! But during that 2 years I started golfing. I went from never touching a golf club to becoming a decent golfer. As good as my friends that played for 25 years. I took lessons almost every day and was determined to get good. I willed myself to be good just like I do with my businesses.

But I got bored. So I did another start-up, fypio. Guess what? Within 8 months I got a $14 Million offer to purchase my company. I worked my ass off again. I keep starting companies and selling them. For me it's not really about the money. The money helps but I like the challenge.

 

[earlyretirement]

My friend said she was "smoking hot but just a terrible person"

Better smoking hot and terrible and lazy than ugly and terrible and lazy. LOL.

 

[Wally]

My friend said she was "smoking hot but just a terrible person"

The hot ones are seldom good people. Most of my ex girlfriends that were the hottest were bad people. It's rare to fine the unicorn of hot and great person. My wife is a great person but alas not smoking hot! Shhh..

 

[FuturoBA]

Better smoking hot and terrible and lazy than ugly and terrible and lazy. LOL.

Lol. This reminds me of an exchange that I wished I could take credit for but that my buddy quipped. You will relate and so will our Dallas members here. Dallas and Houston are always talking smack about each other, and for everyone else some context - Dallas is more the image conscience or image obsessed and looking good city vs Houston, which is more of blue-collar, manufacturing city that was at one point was called "the fattest city in America."

Naturally those were target points. So when some nameless Houstonian said "Dallas women despite all their make up can't hide what's one the inside" my buddy had the perfect response and turned it back on them and responded "and Houston women despite all their food TOO cannot hide what's on the inside" I just about lost it haha.

One's figurative. One's literal.

 

[Avocado]

And @Avocado why do you need me to bring anything, don't they already sell your Playboy magazines there already?? haha

I don’t understand this joke. What this mean? You strange guy. Why all Americans very strange.

 

[Avocado]

Lol. This reminds me of an exchange that I wished I could take credit for but that my buddy quipped. You will relate and so will our Dallas members here. Dallas and Houston are always talking smack about each other, and for everyone else some context - Dallas is more the image conscience or image obsessed and looking good city vs Houston, which is more of blue-collar, manufacturing city that was at one point was called "the fattest city in America."

Naturally those were target points. So when some nameless Houstonian said "Dallas women despite all their make up can't hide what's one the inside" my buddy had the perfect response and turned it back on them and responded "and Houston women despite all their food TOO cannot hide what's on the inside" I just about lost it haha.

One's figurative. One's literal.

Terrible. No wonder you can’t find a girl in your country and probably not in Argentina either. We don’t like short and poor foreigners. If we want poor we date people from our country! 🤣

 

[FuturoBA]

Terrible. No wonder you can’t find a girl in your country and probably not in Argentina either. We don’t like short and poor foreigners. If we want poor we date people from our country! 🤣

That's ok @Avocado I still like yall. 😉

Being short could be a medical condition. Didn't you say you were a doctor? Is that how you treat your patients? "You have diabetes lol, we don't like diabetes"

And speaking of short, here in America we have a game called soccer. One of the teams, Inter-Miami, has a short player who's very good. If you ever take an interest in soccer look out for him, he wears number 10. His name is Lionel Messi. He's the best. Google him you will like him. Short too. 170cm 🙂

 

[James Bond]

These lazy Americans make me laugh. First that one American guy in Mendoza cheating on his taxes and now @FuturoBA. Where do these people come from???

I thought all American people hard workers but now these 2 American guys make me wonder 🤣

Actually I don't know if you are joking. All the Americans I know are much harder working than anyone I know in the UK. But I am not sure about American expats in Buenos Aires. I know many moved to Argentina when it was cheaper but most of those brokemads have cleared out of BA as it is so expensive now.

That's ok @Avocado I still like yall. 😉

Being short could be a medical condition. Didn't you say you were a doctor? Is that how you treat your patients? "You have diabetes lol, we don't like diabetes"

And speaking of short, here in America we have a game called soccer. One of the teams, Inter-Miami, has a short player who's very good. If you ever take an interest in soccer look out for him, he wears number 10. His name is Lionel Messi. He's the best. Google him you will like him. Short too. 170cm 🙂

@FuturoBA I love your posts. More and more as you post I can see your personality and your sense of humor. We may not agree on everything but LOVE your sense of humor and wit.

 

[FuturoBA]

Actually I don't know if you are joking. All the Americans I know are much harder working than anyone I know in the UK. But I am not sure about American expats in Buenos Aires. I know many moved to Argentina when it was cheaper but most of those brokemads have cleared out of BA as it is so expensive now.



@FuturoBA I love your posts. More and more as you post I can see your personality and your sense of humor. We may not agree on everything but LOVE your sense of humor and wit.

I get it the ones who disagree are the ones with families and kids to support. I'd be in yall's exact same shoes too it I were in the same position to ensure stability and push for their best outcome I could provide.

As far as any personal laziness accusations, Imma bout bury that narrative. Other than @earlyretirement I challenge anybody here in 2025 to see who's putting in more hours and commitments towards their Argentina goals.

1. 40+ hour full time working
2. ~10 hour Spanish studying in one form or another
3. A little under saving and investing 60% of monthly income
4. Approximately 4 additional hours every day 7 days a week upskilling on various courses

None of these are very impressive(except for maybe 3) but I guarantee you the average bloke won't consistently do all 4. To any who does, my hat goes off to you.

 

[earlyretirement]

I get it the ones who disagree are the ones with families and kids to support. I'd be in yall's exact same shoes too it I were in the same position to ensure stability and push for their best outcome I could provide.

As far as any personal laziness accusations, Imma bout bury that narrative. Other than @earlyretirement I challenge anybody here in 2025 to see who's putting in more hours and commitments towards their Argentina goals.

1. 40+ hour full time working
2. ~10 hour Spanish studying in one form or another
3. A little under saving and investing 60% of monthly income
4. Approximately 4 additional hours every day 7 days a week upskilling on various courses

None of these are very impressive(except for maybe 3) but I guarantee you the average bloke won't consistently do all 4. To any who does, my hat goes off to you.

Excellent @FuturoBA! That's the way to do it. When I moved to Argentina I was working a crazy full day, I'd go for 2 hours to Lenguas Vivas to study Spanish, go back to work and then late at night I had a private Professor for 2 more hours of Spanish Classes. That was in addition to learning about 15-20 words a day on flashcards. This is excellent and the way to go. You ALWAYS will need more money in life than you think. Trust me. You NEVER say, "Gee I wish I didn't make so much when I was younger". Never. You will always say the opposite.

Like I said, I'm a multi-millionaire many times over and with 3 kids I worry like crazy if this will be enough to make it through my entire life.

 

[CraigM]

I get it the ones who disagree are the ones with families and kids to support. I'd be in yall's exact same shoes too it I were in the same position to ensure stability and push for their best outcome I could provide.

As far as any personal laziness accusations, Imma bout bury that narrative. Other than @earlyretirement I challenge anybody here in 2025 to see who's putting in more hours and commitments towards their Argentina goals.

1. 40+ hour full time working
2. ~10 hour Spanish studying in one form or another
3. A little under saving and investing 60% of monthly income
4. Approximately 4 additional hours every day 7 days a week upskilling on various courses

None of these are very impressive(except for maybe 3) but I guarantee you the average bloke won't consistently do all 4. To any who does, my hat goes off to you.

That is a very full week, and the discipline to save and invest is even more impressive. Well done.

 

[FuturoBA]

Excellent @FuturoBA! That's the way to do it. When I moved to Argentina I was working a crazy full day, I'd go for 2 hours to Lenguas Vivas to study Spanish, go back to work and then late at night I had a private Professor for 2 more hours of Spanish Classes. That was in addition to learning about 15-20 words a day on flashcards. This is excellent and the way to go. You ALWAYS will need more money in life than you think. Trust me. You NEVER say, "Gee I wish I didn't make so much when I was younger". Never. You will always say the opposite.

Like I said, I'm a multi-millionaire many times over and with 3 kids I worry like crazy if this will be enough to make it through my entire life.

And the best way to do it is to enjoy what you do. Or as Naval Ravikant (investor, entrepreneur, and modern philosopher etc) put it "do what for others looks like work, but for you feels like play"

 

[Wally]

Being short could be a medical condition. Didn't you say you were a doctor? Is that how you treat your patients? "You have diabetes lol, we don't like diabetes"

You crack me up! OMG. You are a genius. If you do give up your day job start a comedy show act ASAP in BA. I will buy a ticket!

That is a very full week, and the discipline to save and invest is even more impressive. Well done.

Agree! Congrats @FuturoBA. That is amazing!

And the best way to do it is to enjoy what you do. Or as Naval Ravikant (investor, entrepreneur, and modern philosopher etc) put it "do what for others looks like work, but for you feels like play"

I doubt anyone will work so hard if they don't love what they do. It sounds like very rewarding work. I had 2 friends that just bought apartments try to have @BuySellBA manage it and they flat out turned them down as they weren't hired to buy them. It sounds like quality control and probably not wanting hundreds of properties unless they have to manage them. Sounds smart to me.

 

[sophos]

I get it the ones who disagree are the ones with families and kids to support. I'd be in yall's exact same shoes too it I were in the same position to ensure stability and push for their best outcome I could provide.

As far as any personal laziness accusations, Imma bout bury that narrative. Other than @earlyretirement I challenge anybody here in 2025 to see who's putting in more hours and commitments towards their Argentina goals.

1. 40+ hour full time working
2. ~10 hour Spanish studying in one form or another
3. A little under saving and investing 60% of monthly income
4. Approximately 4 additional hours every day 7 days a week upskilling on various courses

None of these are very impressive(except for maybe 3) but I guarantee you the average bloke won't consistently do all 4. To any who does, my hat goes off to you.

This is very impressive for #3. I do not think 1 is anything special. Unfortunately in society people think working a full 40 hour work week is an achievement. But doing all 4 of those things is very impressive and congrats @FuturoBA. You are officially not lazy anymore.

 

[Larry]

My friend said she was "smoking hot but just a terrible person"

Your friend sounds like a funny guy! What would he rather have? Pretty and good person or smoking hot and terrible? Inquiring minds want to know!

I get it the ones who disagree are the ones with families and kids to support. I'd be in yall's exact same shoes too it I were in the same position to ensure stability and push for their best outcome I could provide.

As far as any personal laziness accusations, Imma bout bury that narrative. Other than @earlyretirement I challenge anybody here in 2025 to see who's putting in more hours and commitments towards their Argentina goals.

1. 40+ hour full time working
2. ~10 hour Spanish studying in one form or another
3. A little under saving and investing 60% of monthly income
4. Approximately 4 additional hours every day 7 days a week upskilling on various courses

None of these are very impressive(except for maybe 3) but I guarantee you the average bloke won't consistently do all 4. To any who does, my hat goes off to you.

Wow! Glad you spoke up. We all had a good laugh on your behalf and sorry for that after reading this. You are a good sport but glad you spoke up. 10 hours Spanish is great. How is your Spanish? You must be very good. 60% saving and investing is impressive. What is your ultimate goal? I head you refer to some early retirement but that is impressive 60%!

 

[FuturoBA]

This is very impressive for #3. I do not think 1 is anything special. Unfortunately in society people think working a full 40 hour work week is an achievement. But doing all 4 of those things is very impressive and congrats @FuturoBA. You are officially not lazy anymore.

Lol 1 is like the Chris Rock bit, people trying to take credit for something they supposed to do

Wow! Glad you spoke up. We all had a good laugh on your behalf and sorry for that after reading this. You are a good sport but glad you spoke up. 10 hours Spanish is great. How is your Spanish? You must be very good. 60% saving and investing is impressive. What is your ultimate goal? I head you refer to some early retirement but that is impressive 60%!

I'm at intermediate Spanish level and can hold my own even at native speed. Although I mentioned early retirement it wouldn't retirement as in doing nothing, it would be to start something that has more freedom and flexibility. It's less about "retiring" from working, and more "retiring" to start something. Based on the FIRE community's numbers I would theoretically have enough to "retire" in Argentina if I were to remain single(with some wiggle room). Of course a lot can change especially here in Argentina.

 

[CraigM]

Your friend sounds like a funny guy! What would he rather have? Pretty and good person or smoking hot and terrible? Inquiring minds want to know!

As a typical male I would guess the first part keeps you coming back but eventually the second part becomes too much