Investor Real Estate Accounts

For real estate investors to keep track of their properties rental performance and tax information in one place.

This blog covers the general topic of real estate markets.

Latam Real Estate

first posted: 2023-01-26 06:49:38.681803

Latam is an interesting destination for investment as it often with a plan B residency permit.


Medellin, Image Credit: Wikiccomons.

For GDP/Capita comparison the local giants, Argentina, Mexico, Brazil stand at 11k, 10k and 7k per year.


A quiet plan B country nestled between Brazil and Argentina with mostly european population

  • Half of the 5m population lives in Montevideo, GDP/capita $17k, which is slightly higher than Chile
  • income requirement of $1500/month and 6m+ requirements or buy 400k of real estate and stay 60 days.
  • 5.6% gross yields in the 4% to 9% area
  • higher yields on expat flats renting at 3k
  • rental income tax at 12%, territorial for first 10y
  • less unsafe
  • guruguay does not suggest a real estate agent on her website
  • overseaproperty talks about 2014 prices and recommends contacting reynoldspropiedades
  • nomadist map of montevideo


  • GDP/capita $14k,
  • permanent residence scheme for housing around 300k, no stay required
  • rental yield 6.7%
  • overbuilt, new builds have renters preference, much vacancy
  • income tax at 5%
  • less unsafe
  • serveral influencers recommend not to buy in Panama: endless new better construction lead to oversupply and high vacancy.

Costa Rica

  • GDP/capita $12k,
  • many income based visas, territorial tax, stay required
  • 6.3% gross yield
  • income tax at 15%, territorial
  • relatively unsafe


  • GDP/capita $10k,
  • Investable city are Playa del Carmen, Tulum
  • playing on nomads staying for month, not tourists staying weeks
  • yield at 4%
  • income tax at 25%
  • permanent residence for purchase of home with value of 170k, no stay required,
  • can also get 4Y residence/permanent residence with proof of assets.
  • unsafe outside expat enclaves


  • GDP/capita $6k,
  • Investable city are Carthagena and Medelin. The wandering investor advises against Bogota, for Medelin.
  • yield at 6.4% for Bogota but above 10% with highend airbnb flat for US expat
  • income tax at 26%
  • permanent residence for purchase of home with value of 150k, no stay required has been cancelled
  • Gustavo Petro elected in Aug 2022, this is the first ever left wing Colombian president.
  • safety: no dar papaya

Update 20230216: According to sovereign man research, the permanent residence deal in Colombia has been discontinued. Buyer only now gets temporary residence, needs to show up every 6 month in the country and will be upgraded to permanent after 5Y. Citizenship path now takes 10y while it used to be a back-pocket deal. I would suggest to not buy in Colombia so as not to reward bad behavior.


  • gross yield 5.7% (2% in Buenos Aires, which means negative net)
  • income tax at 21%, cgt 15%, wealth tax
  • no indexation of rent on inflation
  • can renegotiate every 2 years, there was rent control from 1943 to 1979.

Other countries

  • Brazil 5.3%
  • Chile 4.9%
  • Paraguay: assuncion 3%, tax at 10%

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