Quote:
Originally Posted by PAUL-brasil
Another for example would be to advertise it your self in brazil on popular rental websites, charges are (R$70 per month) but they are effective if you have property where brazilians want to go for holidays or would want to live long term for work for example. people use the website to contact you asking availability or negoiate a cheaper deal for them selfs. For example you can buy a resale 1 bed apartment on the prime biera mar fortaleza for R$85000 and charge the going rate there at R$100 a night, on BELOW average i think you get about 50% usage from tennant making your self about say R$18000 year, thats 21% yield, then minus a communal fee, common is R$400 month minus your R$70 minus say R$100 for electric a month leaving you with around R$11100 a year which then still gives over 13% at worst after i deducted bills.
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WOW! Thanks for making this much clearer. So how do the Brazilians pay you for their stay? Do you have a bank account where they wire the money into?
Also, would that set-up work if you decided to advertise your property on a website that is geared toward international travelers? Coudl you set up your account in your home country and have them pay you before they arrive in Brazil, thereby cutting the Brazilian bank system out of the loop completely, or would this raise the red flag to officials in brazil? I guess my overall question is making the unit available to the international market as well as the in-country market.
I had figured that you were paying a premium for the off plan stuff, even though you are buying it cheaper than it would cost after completion (so they claim). After all, you are paying for new construction, the convenience of a management company already set up, the community feel with the club house and all, etc, etc.
Have you looked into buying desirable beach-front land with the hopes of either developing it or selling it to a developer?
Thanks again for your insight!
Greg