[Papi Rico]

worldtraveler3 Wrote:

Problem with re is that your rent income would be in reals which is pretty low at the moment and you gotta convert that to yourUSD or euro.

Is this really the case? Decree-Law 857/69 generally bans "contracts, titles, or other instruments...that stipulate payment in gold, foreign currency".

But there's a clear exception below:

"Os contratos de locação de bens móveis que estipulem pagamento em moeda estrangeira ficam sujeitos, para sua validade a registro prévio no Banco Central do Brasil."

EN: The validity of real property lease agreements that stipulate payment in foreign currency shall be subject to prior registration with the Central Bank of Brazil. In other words, file a document with the Central Bank and you can begin collecting USD or BRL indexed to USD rent payments from your tenants.

Have any of you Brazil vets come across lease agreements indexed to or priced in USD?

In any event, there's Airbnb. When you receive a payout for any listing, it is made in the currency of your financial institution. Nothing to my knowledge would preclude an American from renting out a pad in Rio and having reservations payments deposited directly into his US account in USD.

I concur with the above. Brazilian RE is looking very good at the moment.