#184 - Buying STRs in a distressed market outside the U.S. for high upside potential - German Rimoldi

Previous Episode: #183 - Just Under $9,000 per Month Cash Flow on His First Deal - Aaron Spatz

Next Episode: #185 - Financially Free Real Estate Investing Nomad - Buddy Rushing

Are you considering investing in short-term rentals outside of the United States? This is the episode for you.

Joining us today is Germán Rimoldi, the CEO and co-founder of Foothold, an investment fund for unique short-term rental properties in the U.S. and overseas. He is also the author of The New Grave Dancer: Investing in Short-Term Rentals in Foreign Distressed Markets to Maximize Returns, in which he details his intuitive process of buying distressed properties, particularly in markets outside of the country.

Tune in and learn about a profitable short-term rental investment opportunity you might be missing out on as Germán walks us through his methods and insights.

Key Takeaways

[00:00] Introducing Germán Rimoldi and getting into his grave dancing strategy

[09:26] Why Argentina, Colombia, and Venezuela are standout markets

[13:11] Navigating paperwork and formalities when investing in other countries

[16:45] Explaining the role of inflation and legalities to navigate

[25:16] Discussing the numbers–cost and revenue

[31:36] On partnerships and determining the cash-flow dividends

[34:30] Furnishing the property

[35:11] Connect with Germán

[37:12] Germán’s advice

[37:50] Outro

Guest Links

Website – https://foothold.co/
Landing Page – olivegroveinvestments.com/re

Show Links

Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals

Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals

Living Off Rentals Website – livingoffrentals.com

Living Off Rentals Instagram – instagram.com/livingoffrentals

Living Off Rentals TikTok – tiktok.com/@livingoffrentals