"Thinking about the future and our eventual retirement we wondered where we were going to live? Retirement plans in countries like ours (Peru) are not good and do not allow you to maintain a good lifestyle, so we always think that investing in properties and renting them is a good retirement plan. However, in countries like ours it is not safe, we just had the experience of a tenant who for 5 years did not pay the rent and the laws protected him without being able to leave the property, so we decided to invest in the USA where the laws protect our investment. The challenges, however, are that we live in Latin America without the capability of finding the ideal properties, inspecting potential investments, figuring out the legal issues, setting up a company, opening USA bank accounts, getting a mortgage credit, complying with accounting and tax regulations, finding tenants, making repairs, etc.
Real Estate is a big headache if you are out of the country and enough reasons to discourage us and look for other options. Fortunately, we met Billy Looper who, along with his company, gave us all the necessary advice to be able to start correctly. Everyone at Mack Lane made it very simple to the point that practically everything we can handle by mail and emails. We are very grateful to him and his team that made it possible for us to start our investments in the USA."
Luca and Lily