Zoom you said "You plan on borrowing money and putting your life savings into Chilean real estate, while hoping for unrealized capital gains? That sounds like a terrible investment."
I do not plan on my putting "my life savings" into it. It will be a small/modest portion of my net worth (as I explained previously) and if the investment went to zero (I doubt it though) I could dust myself off and be okay. The amount I would be borrowing is a small amount that I could pay back within a 12 month period. The borrowing would be so I have to sell less of my existing assets, not because I do not have the capital.
Zoom, you need to read carefully and pay attention to what people post.
I am tired of certain guys on this thread trying to turn it into the inquisition. This thread is meant to be a real estate thread not a thread about me and my life.
I do not plan on my putting "my life savings" into it. It will be a small/modest portion of my net worth (as I explained previously) and if the investment went to zero (I doubt it though) I could dust myself off and be okay. The amount I would be borrowing is a small amount that I could pay back within a 12 month period. The borrowing would be so I have to sell less of my existing assets, not because I do not have the capital.
Zoom, you need to read carefully and pay attention to what people post.
I am tired of certain guys on this thread trying to turn it into the inquisition. This thread is meant to be a real estate thread not a thread about me and my life.