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Where to invest on the Carribbean Coast of Colombia (anywhere between Turbo and Puerto Bolivar)?

I have read all the PBH posts on this subject. Some PBH'ers have some great advice (Ctg Bound, Robbie, etc.). I am looking for some current advice based on the following parameters:

1. $100,000 USD budget.
2. Two properties needed. One for a vacation home, one for a rental.
3. Both properties need to be within 50KM of each other.
4. Within 50KM for an International Airport.

Can anyone please recommend?

1. Build vs. buy? (Time is available to build.)
2. Remate?
3. Up and coming locations?
4. Contacts?
5. Anything else?


Please be serious. Thank you in advance to all those who reply with informative comments.

By harvardexec on Aug 19, 2008, 14:52 in Friendly Talkzone. AddThis Social Bookmark Button


quantum says on Aug 19, 2008, 17:04:

harv,
Capurnaga is an enchanted little jewel but the logistics make life difficult and expensive and it doesnt meet your international airport requirements. Turbo, I wouldnt touch with swindled money. that zone is still troubled and close to really hot spots. It sounds to me like u will have to concentrate your search somewhere between Cart and Santa Marta and north of Santa Marta to the border of La Guajira. The best I have seen is right there around Parque Nacional Tayrona, to the northeast, Menduaca and Buritaca. But this zone is also problematic even tho its really close to Santa Marta, fought over by fueding Paracos and drug lords. I saw something I really liked but was advised against it by an ex-para who knows the area really well. As far as security is concerned, that puts the focus right back in the more highly populated areas which pretty much kill the deal for me. Good luck tho and keep us posted......

1 funny, 0 helpful.

harvardexec says on Aug 19, 2008, 17:11:

Thanks for the the great information, quantum.

"I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated."-John McCain

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Mr. Hollywood says on Aug 19, 2008, 17:15:

The only two real international airports on the Caribe are Cartagena and Baranquilla, so that limits your search quite a bit.

I agree with everything Quantum said above. I love that area around Tayrona but wouldn't touch real estate there with money I wasn't prepared to lose 100% of. I'd think of it as a highly speculative investment at best.

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utopiacowboy says on Aug 19, 2008, 20:01:

An international airport really scuttles the deal. Monteria is not too far from the coast of Cordoba and Sucre but you have to connect in Cartagena, Bogota or Medellin. I have occasionally seen flights from Panama City to Monteria stopping in Cartagena.

Disclaimer: any comment I make is inane and is not to be taken seriously, and is so patently ridiculous that no one should take it seriously, even as an insult.

0 funny, 0 helpful.

harvardexec says on Aug 19, 2008, 21:51:

Thanks for the great comments. Let me open the definition of International airport to include any airport that has access to international flights. This would include flights to Panama, Venezuela, etc.

Also, does anyone have any experience building in these regions? Has any had any luck with remate?

"I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated."-John McCain

0 funny, 0 helpful.

jonny305 says on Aug 21, 2008, 20:52:

santa marta sounds good
but again no airport
for interntaional flights!

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Papi de Alejo says on Aug 21, 2008, 22:12:

Don't count out Santa Marta. The airport there is not very far from the airport in BAQ. As a matter of fact, you can use either airport for a roundtrip flight just as you could fly in or out of LaGuardia in New York City and return to Kennedy or Newark without having to pay extra. The ride from BAQ to Santa Marta is actually less than the ride I used to have from Westchester County, NY to JFK.

PdA

PdA

0 funny, 0 helpful.

Sam Salmon says on Aug 21, 2008, 22:45:

"Let me open the definition of International airport to include any airport that has access to international flights"

Santiago de Tolu a short drive from Monteria.

Small town Caribbean feel, decent restaurants, some area beaches OK, quiet for the most part popular for weekend domestic tourism.

Bargains abound.

' a la orden!'

0 funny, 0 helpful.

harvardexec says on Aug 22, 2008, 09:19:

Thanks, Sam. I will do some research on Santiago de Tolu. Is there a large supermarket close by?

I have almost ruled out Santa Marta. The issue I am having is safety. I read conflicting reports on the security situation in Santa Marta.

"I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated."-John McCain

0 funny, 0 helpful.

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