Everyone says Argentina is no longer cheap. That's the thing: with a strong currency and high rental prices, investments become better ROI. Be on the other side of the equation.
With no mortgage credit, locals who build 3-8 unit complexes can't find buyers. Your cash is their exit.
Cap rates that don't exist in the US or Europe. Negotiate hard.
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Multi-unit buildings, cabin complexes, and apart-hotels
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Real cap rate estimates: most listings 8-15% gross yield