Investment Property in Tumaco

Investment Real Estate in Tumaco

Tumaco 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 Tumaco and LATAM .

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Searchable Map of Tumaco Investment Real Estate

Tumaco is a port city and municipality in the Nariño Department, Colombia, by the Pacific Ocean. It is located on the southwestern corner of Colombia, near the border with Ecuador, and experiences a hot tropical climate. Tumaco is inhabited mainly by Afro-Colombians and some indigenous people.

Tumaco is accessible by plane, from the western city of Cali, one of the main urban centers of the country, well connected to Bogotá, the capital city. It can also be reached by land via highway from the city of Pasto, the capital city of the Nariño Department. Tumaco is known for being the hometown of many great Colombian soccer players, including Willington Ortiz.

Colombian film director Samuel Córdoba released a documentary about the city in 2009. The film, entitled “Tumaco Pacífico”, chronicles the stilt-house area of the city, predominantly populated by Afro-Colombians. Córdoba was inspired by a panoramic photo of the stilt houses he saw in a photography book on Tumaco. The film won first place at the Festival de Cine Latinoamericano de Bordeaux, in France, and was presented at the Festival Internacional de Cine, in Santiago, Chile.

Other places of interest include ecotourism sites and beaches located near the mouth of the Mira River, where the river meets the sea. Also, there are the Playas de Milagros (beaches of Miracles), and Bocananueva y Teran beaches, where visitors can experience the diversity of flora and fauna first-hand.

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The increasing financial and political stability of Tumaco 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 Tumaco

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

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

Set goals based on how much rental yield will be required and the local rental yield rates in Tumaco and be prepared to change your initial outlook.
Thoroughly research the Tumaco location with a special emphasis on fringe areas outside the main Tumaco metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Tumaco.
Ensure that your target investment property in Tumaco 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 Tumaco properties yourself is an easy option, but are these savings justifiable when you run into Tumaco red tape? Physis Realty Tumaco office in downtown Tumaco provides you with peace-of-mind and leaves you time to plan your next move in the growing Tumaco buy-to-rent sector.

With our expert guidance, investing in Tumacoprovides the secure knowledge that your money is working harder than it would in a local Tumaco 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 Tumaco, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Tumaco property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Tumaco

Flipping property in Tumaco

Flipping property is when we advise clients to buy a Tumaco 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 Tumaco market has a time to react to the renovation.

The Flipping Strategy in Tumaco

Investment property flipping in Tumaco 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 Tumaco real estate investments are sometimes referred to by professionals as ‘distressed’ Tumaco real estate.

What is distressed Tumaco property:

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

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

Calculate profit that you make from Tumaco investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

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

Luxury Property in Tumaco

For luxury property investors hoping to add a superb property in Tumaco 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 Tumaco, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Tumaco should be entrusted to only the highest-quality agency.

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