They now LIVE part-time in MEDELLÍN, COLOMBIA!
Sorry. Sam, good, boy buddy come here a bit thank you thank you hey we. Done. We. Gonna start with that I guess. The. View is always the oh, man. You. Know the day started, out cloudy but uh you. Know it looks nice like that but especially at a night time yeah it, just comes to life all I can, tell you I've enjoyed it during, the day or anything good morning it's great. That's. It there we have a glass. Just. Relax after the kids are in bed and, so. Good. Day par Seto's I should introduce, Larry. Properly, he's, he's. Recently moved to Medici and I mean you're based in in, Florida yeah so it's what's your story so we're really out of Orlando we, were. Looking for a second, home here in Medellin. I had, an opportunity to work in this city about 1516, years ago related. To the transport, of flowers so, I met my wife here and she, was actually traveling to the US and, you, know we had an opportunity to hang out and shortly, after we were married and now. Fifteen, sixteen years later word I guess we want to buy something down here and just I'm, enjoy this beautiful city so I mean is this the first time you put a house outside, of the United States yeah, yeah actually it was a. While. Back we decided we wanted to buy something here so we. Started kind of working around that and. A. Pre-construction. Property, okay and, they. Found some archaeological. Artifacts, when they were excavating. The, foundation, okay, so that generated. Some delays that, I guess what Ryan would object I think. There were some like, indigenous. Pots or, something like that from. The pictures that I saw and. Here no problem, no I was an MP Galilei okay yeah so, it, really delayed the project a lot and I, think as a result of that they decided to terminate it. Probably. Rename it, something else later so yeah. The future, basically returned, all our money and we said okay well we've already waited for two years so instead. Of continuing, to wait another two years and find something in pre-construction, let's see if we can find something that that's. Already done okay. So at. The time we were actually working with a local real estate agent and. A. Nice, guy a really nice guy but. There. Were some I think some cultural barriers, you know you know being, used to buying real estate in the u.s. yeah. Coming, here the systems are just different the processes, are just different I had, a little bit of a difficult, when they say well you just deposit, in the seller's account and. They they come in and they sign and, I'm. Used to working with escrow, companies, I serve as many that may be sure that what he does if they need to do and yeah, so. There's just several, things like that okay. Yeah there are a couple moments in a real estate transaction here, where it is kind of like okay you. Don't have the money or the property yet, may, be a, nerve-wracking, experience especially, if it's a you. Know in a different country as well we, went. Down here with child a couple times saw some properties, and we found a couple that we really liked. So. That afternoon we, were there with our agent, with the sellers agent and we, were talking about, placing. An offer they. Gave us the offer of the asking, price that. Evening we placed an offer and. In 30 40 minutes we were told the price of the property was, given. To us incorrectly, and now, it was a hundred million vessels, more than they originally asked. And. We were like okay, that doesn't sound. Doesn't. Sound right so, we said okay just on ethics we move away from that deal and that had been the second, property that we had looked at here too and. So. We decided to place an offer on that one within. I, don't know 12, hours time and, the. Second, property we ended up hearing the same exact, thing it was almost a hundred million pesos, they, said Oh same, agent or different ages no same agent okay, so. It was the, seller it was two different agents, the buyer was just the same one representing, us yeah so, you. Know we were like okay this is too. Much of a coincidence we. Didn't like that so we. Had already met. And, we already had briefly. Spoken, to a real estate agent, Sondra by the way she's great and. But. I've already had already done some work so I didn't want to kind of jump the we just go a different direction because, he already put some work in so we decided to kind of pursue it and then we were faced, with that surprise so. We, decided okay it's time to change agents, let's take a different route and then we started working with Sondra by the far and. It. Was a complete, different experience I mean she spoke the language she, was a. In the US for a long time actually I think she was a broker up there and. She. Understood, kind of what our concerns were what, we were looking for and. Just brought a lot of stability to the process, and I think within a very short period, of time, and. We gave her our wants, and needs and, all the things.
I Mean. She, delivered everything that we were. We're very happy with the price I mean it was just a completely different experience, and. She was there every step of the way even those little uncertainties. That you face down here. She. Was able to kind, of present them in a way that we felt comfortable so how. Much time you're gonna spend here compared, to, Florida. Well the you, know but my kids are small now so they're in school and that's kind of the the limitation, that we might have in regards to being able to spend more time down here for, now we're probably gonna love to spend maybe two three months out of the year here and. Then within a couple of years we're probably gonna see if we spend. I mean, so being higher, up you. Know close to Elsa, so tamal are, you gonna get a car here are you getting around with. So. We can I've. Just noticed, in the last couple of weeks that especially. At peak hours, there's. Just a lot of demand for you, know taxis, in ubers so sometimes I got to wait a little bit mm-hmm and, we're we're considering buying you, know a, nice, comfortable. Small, park and we get around here with the kids it's you know sometimes sure yeah, so we're debating that right now and. It might be an option but we haven't decided that what do you think of the location so, far I mean being higher up a lot of people like the air is a bit fresher you. Know there's obviously a lot about what a green or a very. Great, view in there yeah I mean this side we have the city and then on that side we have some beautiful trees so okay we, do have that you, know being higher up for us was one of our like our wants, and kind of needs as well yeah, we're. Not going to be you know driving. Around in peak traffic or doing anything like that while. We're here so it I understand, some of the centric, parts of town like maybe throughout, the Rio or, Envigado. It might be more convenient from that perspective but, we really don't have that and. The altitude we wanted to chill your weather you know the nice winds. A little bit less noise but, just, the weather just it's a lot it's a chilly I'm here at night then, you put on a nice sweater you, know you need to have a glass of wine that's, great so it's very cozy. All. Right well can. I see the apartment, yeah man by all means. That's. Nice and one, of the things we didn't want to do is we didn't want to be confined just. Surrounded, by a bunch of different you know buildings, hmm so, for us it was really important. Another one of our selling points we, have a little stream, that flows, down, with. On billa's trees there they also at night you get to hear it and just enjoy it we. Have six wild birds like parrots and. Macaws. I think you, know we need a lotta noise in the early morning which I really enjoyed that's. Beautiful. And, the buildings eight years old yep, yeah eight years old, it's. A it's, kind of an, attractive thing you're in Columbia to go New York so. The older buildings I think are not such, the man we. Still got some picture. Frames and things that we need to kind of mound and. So. Set on it. Each. Area here started, with the mess yeah. You. Know everything. Places. Here a lot smaller, typically, so this is the pretty nice-sized I you know bedrooms here alright. So for an eight-year old building in probably.
One Of the most exclusive. Locations. In museum, what. Are we talking past one year it's. About five million. So. We, bit above. $1,500, per square meter oh but the conversion, here what, kind of risks. Were you weighing up before. Purchasing. Like, this. So. The risk is kind of the. It's. Gonna be it's, a little bit more of an informal, process I think. Us so you. Know kind, of working with the right people I think was really important. For us so, you've recently been through this whole process what, would you tell to someone who is considering, doing the same thing anything any, lessons, you, picked up, so. I think number. One then. I can't, say this enough number. One is work at the right people you. Know. You want to you want to make sure you're working with someone that's professional and understands your needs that, you know kind, of. Merge. You into this vulture that kind of transition you into this motion because it is a little. So. That's I think that's one of the biggest. Pieces. Of advice that I can give and then ii. Really. Know what you want there's. A lot of different offer here. You know there's a lot of different buildings there's a lot of different areas of town there's, a lot of there's. Just a lot of offers a lot of different options in this market, and. If, you don't know what you want. It's. Going to be a difficult process and it's gonna be a frustrating, process for, even your real estate agent trying to. So, if, you're clear on what you want. With the right person you, know and every deal there's hiccups, there's challenges, or, things you have to overcome doesn't, matter where you are whether it's here in the u.s. it really doesn't matter there's always going. To be some obstacles when you're doing the deer and. I think if you know what you want and they work. And, you have the right, yes, and. You understand that you have to embrace a different you know system yeah, because the. System that would change based on your expectations. You have to just like anything after. And. But working with the right people. Just, be open-minded, that's. That's, a good insight and in. A world where, you can want. Anything, how, do you figure out what, you want. Well. Again, you know you really, have to know what's important, for you I mean, we.
Knew When we were coming down here that we wanted to have a little colder climate, metagame. The valley, gets. Pretty warm during the day and. It. Could be pretty noisy sometimes too, so you. Know we knew we wanted to be up in the mountains we knew that we wanted to have older. We. Knew that we needed a certain space requirement. We knew the they needed to have certain amenities so. That you know we can bring. The kids down and they can. So, we knew some of those factors, and some of those things and then, after that it identified okay we. Also want to be in kind of the safer part to town as well you know there are security, aspects, in the building, just, for peace of mind and, and. Then you start kind of putting together your list and as you put together your list, I think options start streaming, and kind of streamlining, and streamlining, and, you, come up with that you know formula, and I've, met a couple. Of. Neighbors and I, think there are community. A couple, of older. People. That we've met as well and they're back and forth from the US as well which I thought was pretty cool. And. They. All seem to love. They'll say you came, to a great place he's rebuilding. Everybody. Has been in her. You see me here, here so it's. Been nice, nice. Would, you recommend staying in and they're being be to get a feel for some of the areas first or did you guys do that when you came down I gotta, say I not. Because, you're here but the, life, of Arby's, I think are a lot better than some of the other ones that I've tried let's, continue, Sam, don't live in fog calm, if you would like to rent one of those furnished, apartments. There, are, available I think we provide, a bit of that. Consistency. That you can expect from a hotel in. The Airbnb experience. So what, was your experience yeah. So you know we we, did we did we tried we stayed in several, everybody's, to kind of move away from the hotel see. And, they're kind of a lot of the properties that we've stayed at or some of the public we stay that way this, is not really. Like. You. Know it could have been furnishings, it could have been the apartment, size is it quick enough. But, we did try that a little bit so. I originally, met Larry in January. When, you came along for the Catalina, investor. Expedition. There you. Know he's someone. Who has really done due diligence in, terms of you, know getting, to know Columbia, sometimes. There's. There's, definitely a honeymoon, period when, people, come to Columbia for the first time and they they fall in love instantly. But. There are some realities. To living in Columbia, that you do have to get used. To what. What downsides, have, you seen so far in terms of that. Columbian, lifestyle. Well. I mean, I, think, the city's really congested so traffic. Can be you know harm would, be tough sometimes, we're. Gonna go out here and you've. Got to be a person aware of everything that's surrounding. You and what's going on and I've never had an experience here that I can say I felt unsafe, at any point. But. It's something that you have to be aware of all the time you have to be on your toes. Be aware of surroundings and, as they say here, no, papaya, right and I know. That Papa right so. You. Know that's that's a little bit of an adjustment period of Khmer where you got to kind of focus on that a little bit but, the. People are just just, so different you know people the base here, is different people are very warm and welcoming everybody is you, know just trying, to go out of their way to kind of be you know I don't. Know just helpful to you and. I think that just, makes. It makes, it incredible. I think, you've got some footage so I'm gonna roll some of that footage now yeah. Hopefully. Then I'm sure it's not as good as yours am but I mean I'm glad to share whatever I have there, so. I did. The Karla henna trip in January. Mm-hmm and that, was an absolute great time really. Got not pretend I've never been in Fernando before really, got an opportunity. And, now I did this trip to South. Gar to come here. And. I gotta say it's been incredibly, eye-opening, and it's I'm so glad I won. I have, a complete, different appreciation, for coffee and, coffee farming, today and understanding.
The Process. How it happened, using it it's just a beautiful process coffee, my whole life but I've never been in a coffee farm there's. Some pretty cool stuff. Depending, on the tree. How. Old it is you, can get 8 kilos, up to 12 kilos of, cherries, in. One year ones, in one year yeah 1.2. Kilos. Roasted. Coffee per tree. That. Is incredibly. Steep. To. Pick that coffee. On. Those hills. That's. A pretty amazing I thoroughly, enjoyed, that would. Really recommend, anybody. That's curious and, investing. Or curious, about learning, maybe participate. Tours. Or excursions, that you guys do, because. I mean they're well. To me to great people. Your, company has some person or a talent you know. Ask the questions very knowledgeable, about. It really does. Brought. In kind of yours their, scope, vision, when it comes to. Understanding. What you guys are doing here in India and not, just Colombia I mean I invested, in posit alone so. An investor with you guys they. Lirikh, oh yeah. So. That Puerto Rico on this one that I'm really excited about and I just can't wait for you guys to come on with the next one. I'm. Doing, the breeze that's kind of coming right through the apartment. Here it's awesome how, are you happy would be the new home. What. Were you looking for when you you were looking for you, know please, deliver. Feel. They're windy. To. Come and go outside, you. See this part is pretty pretty, flexible, in that one something. On, it was an actual entrance. To the building yeah, there's a lot of the buildings out of here you like walk in it's like a little hubby, and then you have the elevator it's huh so we definitely wanted something with a kind, of an entrance and, down. Here we had some really nice common areas you know we have a, trampoline. Temperature. Control pool, which is nice especially. As. A steam, room, sauna. I think and. Then on the other side it's, more of an open picnic, area you know just to hang out and maybe. Throw some balls and kick some balls in our heads and, things. Like that so we definitely wanted somewhere, where they can come out here and just drain energy for a little bit yeah you. Know trampolines, are great for that as well what's. The monthly. Housing. Administration. Or, the HOA I think it's like I think it's like six hundred and sixty thousand pesos which is a maybe like around twenty bucks a month and. Just, considering that you have about on. Staff, here there's about six to eight security, personnel, so. You have somebody at the gate at all times and you have wandering, security, staff 24/7. And, everything, is just maintained. Top-notch. I think. It's a hell of a deal all. Right Larry thank you for the, tour for sharing your your, insights my pleasure guys was it a was. This about, you embracing your dreams or embracing your fears, well. I'm all about fears but you know definitely had had, the goal of spending. Some time down here and just kind of submerging. Myself again in the, Latin culture and having my kids have. That experience I think is really. I. Think, it's embracing. Your passionate guys yeah very nice there. You go you, heard from Larry about. You guys to check out our over. 300. Residential. Listings, here, in medicean you. Can check them out at Sam dot, life of our investments. Com. You can also see, some of the investment, properties that we have that it generating, that passive, cash flow so. You can get out there and embrace, the unknown all, right so I'm going to leave it at that and why, not finish up with a epic. Drum shop see, you guys in the next video.