steveinbsas
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BlahBlah said:I want to start my own business in BA because I plan to stay indefinitly and have dual citizenship so there is not really a tax issue.
I want to buy 5 appartements in 2 or 3 different buildings and rent out 4. With the calculatings I have made I will earn enough in today's market if I can rent out atleast 2,5 appartments at the same time
I am planning to live in one appartment, have my office there and rent out the other 4. I probally try to start my business early 2010.
I have the following questions
1: Do the expats who own a property for temporary rental get a ROI of 5% from purchase-price(including all buyers-cost) after paying all expenses in 2009?
2: So far untill may 2009 the foreign arrivals at Ezeiza are down around 15%. What do you expect for the rest of 2009 and 2010? How big will the impact of Swine flu be?
3: What's the best area to buy? It should be easy to rent out
4: What do you suggest to buy if money is not important, a small studio for at most 2 persons, 2 room appartment with the posibility to be used by 3 to 5 people. 4 bedroom appartement and renting it out to 2,3 different persons(room)
5: Can you give an estimation of the total occupation rate of the first 6 months of 2009 for all appartmens for temporary rental?
6: What is the ROI you can get if you rent out to a local and buy early 2010?
7: Something to add?
Thanks for your help
07-13-2009, 09:19 PM
BlahBlah
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I was talking about the 33 months.
On every succesfull real estate transaction in BA there is an unsuccesfull one. I bet the expamples of JP and RC don't count as succesfull. Even if you bought in 2004-2005 and sold in 2008 very few did well. If you were looking to sell now there is different picture as well
And there are ways to get around 5% with government backed deposits at AAA rated banks.