Colombia can be found in the northwestern region of South America, and is famed for having two coastlines, with one on the Caribbean Sea side and the other on the Pacific Ocean side, which gives real estate investors and private property buyers choices of location.
Key investment locations in Colombia are Bogotá, the capital city of Colombia, Medellín, Cartagena, Barranquilla, Cali, and Santa Marta.
Colombia has several countries with borders that are Venezuela to the east, Brazil to the southeast, Peru to the south, Ecuador to the southwest and finally Panama to the northwest.
Popular areas of Colombia with International Buyers - investment or personal use, listed by owner, for sale by real estate agent and for rent:
How To Find Property For Rent Buy Owner in Colombia
To find property for rent by owner in Colombia (often abbreviated as FRBO), a combination of online platforms, local resources, and direct word-of-mouth can be used.
Web sites that are set-up for FRBO, allow filtering for listed by owner rentals, and when searching be sure about what you want such as location, budget, and the type of housing.
Never wire money or send deposits before seeing the property, and ask for a lease and verify ownership if possible by using local property tax records.
Buying a property that is then set up as a "for rent by owner" (FRBO), is usually one that is intended to be rented out without the assistance of a property manager.
When a suitable property has been found evaluate the property as an investment, and ask for current rental rates and payment history, maintenance records, property expenses such as taxes, insurance and utilities costs.
You can work directly with the owner or hire a real estate attorney or buyer's agent to help draft an offer, but before making an offer perform due diligence such as hiring a licensed home inspector and ensure there are no liens.
Use a title company or closing attorney to handle escrow, title transfer, and record the deed, after learning how to find Properties for RENT listed by owners in Colombia, by using online platforms and web site listings portals, and buying the property.
