Investment Property in Cartagena

Cartagena property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Cartagena and LATAM .

The increasing financial and political stability of Cartagena has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Cartagena

Renting out your Cartagena buy-to-rent out investment property can grow wealth and income.

Whatever your goals with investment property in Cartagena are – preparation is key.

• Set goals based on how much rental yield will be required and the local rental yield rates in Cartagena and be prepared to change your initial outlook.
• Thoroughly research the Cartagena location with a special emphasis on fringe areas outside the main Cartagena metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Cartagena.
• Ensure that your target investment property in Cartagena appeals to professionals. This is a demographic that ensures maximum income and low voids.
• Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
• You may think that managing your Cartagena properties yourself is an easy option, but are these savings justifiable when you run into Cartagena red tape? Physis Realty Cartagena office in downtown Cartagena provides you with peace-of-mind and leaves you time to plan your next move in the growing Cartagena buy-to-rent sector.

With our expert guidance, investing in Cartagenaprovides the secure knowledge that your money is working harder than it would in a local Cartagena bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Cartagena, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Cartagena property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping property in Cartagena

Flipping property is when we advise clients to buy a Cartagena property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Cartagena market has a time to react to the renovation.

The Flipping Strategy in Cartagena

Investment property flipping in Cartagena is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Cartagena real estate investments are sometimes referred to by professionals as ‘distressed’ Cartagena real estate.

What is distressed Cartagena property:

• Cartagena property in need of renovation
• Cartagena real estate with a change of purpose and use
• Oversold Cartagena property
• Bank repossessions in Cartagena

Put simply, long term investors in Cartagena purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Cartagena investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Cartagena property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Cartagena use a minimum profit value of 22% when looking at potential Cartagena projects. The reason for this is because there are lots that can go wrong in Cartagena property flipping and working on a potential margin of 22% should still leave a good margin of error.

For luxury property investors hoping to add a superb property in Cartagena to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Cartagena, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Cartagena should be entrusted to only the highest-quality agency.