Opportunity Great Investment that takes advantage of the many Europeans and Americans that are coming to Buenos Aires to live short term or go to school.Currently there is a lack of rental inventory and annual cash flow returns of 6%-8% can be surpassed if these properties are furnished and rented on a short-term basis.In 1998, the return was more in the 12% range giving room to realize more profitability in the selling of these investment properties.This is the investment of the moment for foreign investors as expenses are all denominated in Pesos Argentinos and property values and rents are all in US Dollars.
Return on Investment Current Rate of Return is between 8% and 10% for furnished, short-term rentals
Required Investment for a 2 bedroom one bath flat the price is U$75,000 to U$125,000
Duration Two to three years minimum
Tactics Izrastzoff will manage the remodeling project, purchase tasteful furnishings (or Laura and Shellen do not have the time,) allow the online payment of expenses, and market the properties via international short-term rental websites and travel agents.Rental prices are quoted on a weekly basis ranging from U$200 to US$400
Exit Plan Sell at a gain or convert to long-term rentals
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