My Medellin Penthouse Renovation - full ROI analysis and cost breakdown

🇨🇴 Get in touch with Mauricio: https://thewanderinginvestor.com/services/international-real-estate-services/my-favourite-real-estate-agent-in-medellin-colombia/

🇨🇴 Full analysis of the Medellin real estate market: https://thewanderinginvestor.com/international-real-estate/making-a-real-estate-investment-in-medellin-colombia/

🇨🇴 Real estate lawyer in Medellin: https://thewanderinginvestor.com/services/international-real-estate-services/real-estate-lawyer-in-colombia/

🇺🇸 Will’s remote apostille and notarization service: https://thewanderinginvestor.com/services/internationalization-resources/remote-notarization-and-apostille-services/

🛠 TOOLS AND RESOURCES 🛠

📕 Free Ebook "12 mistakes to avoid when investing in International Real Estate": https://thewanderinginvestor.com/
📈 My favorite low-fee brokerage for trading stocks internationally: https://www.interactivebrokers.com/mkt/?src=wanderinginvestory3&url=%2Fen%2Findex.php%3Ff%3D1338
💰 Get $1000 off Capitalist Exploits' contrarian investment newsletter: https://secure-thenetwrk.com/?a=38&c=13&p=r&s1=
⛑️ 5 mistakes to avoid when buying international health insurance: https://thewanderinginvestor.com/5-mistakes-to-avoid-when-buying-international-health-insurance/
Get

🏠 INTERNATIONAL REAL ESTATE RESEARCH 🏠

🏠 On-the-ground research on little-known international real estate markets: https://thewanderinginvestor.com/category/international-real-estate/

🌍 PLAN B AFRICAN PASSPORTS 🌍
Get an African passport delivered to your doorstep in 3 months. We are licensed agents.

🇸🇹 From $90,000 Sao Tome citizenship: https://thewanderinginvestor.com/services/residency-and-citizenship-by-investment/sao-tome-and-principe-citizenship-by-investment-program/
🇸🇱 From $100,000 Sierra Leone citizenship: https://thewanderinginvestor.com/services/residency-and-citizenship-by-investment/sierra-leone-citizenship-by-investment-program/

✈️ RESIDENCY AND CITIZENSHIP SOLUTIONS ✈️

✈️ Obtain a second residency or citizenship: https://thewanderinginvestor.com/category/foreign-residencies/

☎️ CONSULTING ☎️

☎️ Book a call with me: https://thewanderinginvestor.com/internationalization-and-diversification-consulting/

👋 SOCIALS & EVENTS 👋

- Join our free mailing list "Notes from the Road": https://thewanderinginvestor.com/private-list
- We host live events all over the world: https://thewanderinginvestor.com/events
- Telegram: https://t.me/thewanderinginvestor
- Instagram: https://www.instagram.com/thewanderinginvestor/
- X: https://twitter.com/wander_investor
- Linkedin: https://www.linkedin.com/company/the-wandering-investor/
- Facebook: https://www.facebook.com/thewanderinginvestor/

📜 SUMMARY 📜

I join Mauricio, my real estate agent in Medellin, to visit a penthouse apartment in Laureles that I purchased two years prior. We did a full renovation with American digital nomad entrepreneurs as the target tenants. I go into all of the forecasted numbers that motivated me to make the investment, and compare them to the actual resulting occupancy and rental figures.

TIME STAMPS:

00:00 Introduction
00:40 Overview of Laureles Estadio and Conquistadores
01:33 Tour of my penthouse in Laureles, Medellin
06:49 Interview with American expat tenants in Medellin
09:55 Rooftop barbecue and jacuzzi addition in Medellin
12:33 Medellin penthouse renovation budget
15:21 Medellin penthouse apartment rental income
16:32 Net rental yield calculation for Laureles apartment
16:54 Real estate liquidity in Medellin
20:21 How to get in touch with Mauricio for Medellin real estate

Disclaimer:
No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.