How to Buy Any Property You Want in Ecuador with NO Money Down, NO Banks, and NO Loans

Today I share what I just learned from a negotiation Im working on as we speak for a 10-plex on the beach in Ecuador...

[lawrencelipman]

Brilliant idea for Ecuador. You're right. They want off the risk and need the cash flow. Well done finding that owner. You've just changed my strategy for looking at beach property...given all the multi-unit properties vs. single units in areas that I believe are attractive. Well done.

[prieten]

You didn't mention the rent that you are proposing to pay the owner. How does that compare with the AirB&B rental income you will receive?

[Fister-kwun]

Great video. I will be thinking about this all night.

[LuisFlores-lsyy]

I would love to try this. I'm not looking to make money but would like to buy a property. How does one go about this?

[yvonnehaley]

Keep us informed about the contracts with this please.

[rhigson]

How hands on would you have to be with management and what would the bottom line be?

[rorybellamy]

I will look for a short term air bnb rental, one month,

[irenmolnar]

Hi where is that place I'm wanna go for vacation

[jojosx]

Would you go for this option if you were selling? I wouldn't!

[donk.]

Next video, please review the sound. Wind is quite distracting . I like you're idea though. Thanks, Don...

[ronlandreau]

After watching I decided because your not talking about a successful transaction but a hypothetical scenario that your just looking for likes on YouTube. You mention a ten unit project you’re making and offer on. You’re talking about having to seriously explain your convoluted idea to the seller. I know it’s sop for real estate to take months sometimes years to sell in Ecuador no matter the asking price. .Some is due to inheritance laws that are stringent with many heirs involved. Others are from non existence of mortgage loans for foreigners. And there’s a whole myriad of other reasons. Your failure to mention that there is no standard to have comparable home values on sq. ft. or meter in local area anywhere in Ecuador. I mention this because owning real estate for rentals or sales has the same basic matrix to be profitable globally. You also do not mention understanding real estate law from Ecuador and local city or state provinces. Having a well versed civil and real estate attorney is paramount due to real estate law and real estate codes in this give area. I hope people understand the glaring problems you fail to mention in your enthusiastic play to get rich scheme.

[ronlandreau]

After watching I decided because your not talking about a successful transaction but a hypothetical scenario that your just looking for likes on YouTube. You mention a ten unit project you’re making and offer on. You’re talking about having to seriously explain your convoluted idea to the seller. I know it’s sop for real estate to take months sometimes years to sell in Ecuador no matter the asking price. .Some is due to inheritance laws that are stringent with many heirs involved. Others are from non existence of mortgage loans for foreigners. And there’s a whole myriad of other reasons. Your failure to mention that there is no standard to have comparable home values on sq. ft. or meter in local area anywhere in Ecuador. I mention this because owning real estate for rentals or sales has the same basic matrix to be profitable globally. You also do not mention understanding real estate law from Ecuador and local city or state provinces. Having a well versed civil and real estate attorney is paramount due to real estate law and real estate codes in this give area. I hope people understand the glaring problems you fail to mention in your enthusiastic play to get rich scheme.