TIPS para comprar tu primera propiedad en Argentina 2022

Santiago Magnin

13 Jul 202205:10

Summary

TLDRThe speaker shares their insights on real estate investment for young couples, contrasting purchasing a used apartment with buying off-plan properties. They recount their own experiences of buying a used apartment with a significant mortgage and later investing in a well-structured off-plan project. Emphasizing the importance of understanding project structures and risks, they advise caution against untrustworthy developments. The discussion highlights the challenges of market timing and the significance of seizing opportunities, particularly in a fluctuating market. Ultimately, they advocate for investing in conventional used apartments as a viable option.

Takeaways

🏡 Focus on purchasing manageable properties rather than stretching budgets for ideal homes.
💰 Consider using a mortgage with favorable terms to minimize financial strain.
🔍 Research the developer's track record before investing in new constructions.
⚠️ Assess the risk of purchasing in developments that may be encumbered by previous debts.
🛠️ Look for properties that are already well-advanced in construction to reduce uncertainty.
📉 Avoid trying to time the market perfectly; instead, focus on making informed decisions.
💼 Selling properties at the right moment can lead to advantageous reinvestment opportunities.
🗓️ Keep a long-term perspective when investing in real estate for better financial outcomes.
🏙️ Consider used properties as often they present better value compared to new developments.
📈 Stay aware of market trends, as prices can fluctuate significantly over time.

Q & A

What initial property did the speaker and their partner buy?
-They initially bought a used apartment for $47,000 with an 85% mortgage.
What was the interest rate situation regarding their mortgage?
-The mortgage had a favorable interest rate that was expected to remain below inflation, allowing for the credit to be effectively diluted over time.
How did the speaker feel about purchasing from construction projects?
-The speaker was generally cautious about buying from construction projects but found a specific opportunity that seemed reliable and well-structured.
What key risk did the speaker mention when investing in property?
-The speaker highlighted the risk of the lot being encumbered, which could result in losing everything if the construction does not complete.
What advice does the speaker give regarding construction companies?
-They advise looking for construction companies that have successfully delivered projects in the past and have weathered economic crises.
What personal strategy did the speaker employ in property investment?
-The speaker opted to invest in properties that were already under construction and had seen significant progress, reducing their perceived risk.
Why does the speaker emphasize not waiting for the 'perfect' property?
-They caution that waiting for the perfect conditions can lead to missed opportunities in a market that is consistently rising.
What type of properties does the speaker ultimately recommend?
-The speaker recommends looking for used properties as they may present better value and less risk.
What renovation activities did the speaker undertake with their purchased properties?
-They renovated the initial apartment they bought and also made improvements to the subsequent properties they purchased.
What lesson does the speaker share about market timing?
-They share that while it's tempting to time the market, being too cautious can result in missing out on good investment opportunities.