I'm About to Buy Property in Salvador Brazil ... Here's What I've Learned
What's going on everyone, I wanted to update you guys and tell you I recently started the process to look for a condo to buy in Salvador Brazil. I learned a whole lot about this process and wanted to share it with you. This is not investment advice, this is just what I've learned and my experience and I'll detail them here in this video.
Housing Sites :
OLX -- www.olx.com.br/imoveis
Quinto Andar -- www.quintoandar.com.br/
Zap Imoveis -- www.zapimoveis.com.br/
Viva Real -- www.vivareal.com.br/
Where to Find Professionals in Brazil (Accountants, Lawyers etc)
Get Ninjas -- www.getninjas.com.br/
Пікірлер: 77
I am Brazilian and I don't live in Salvador, but it seems that there is a reasonable number of Americans moving to this city in the last decades after visiting it as tourists. Probably a big identification and empathy with the local culture, despite our so different language etc.
@greenbeans8710
11 ай бұрын
I concur with your assessment. A good majority of African Americans from the U.S. move to Salvador as it is easier to identify with not only the local culture but Brazilians in that area have a complexion similar to our own. Plus, I believe after watching another video on Salvador, they have a good amount of African heritage commingled with the culture there. I am possibly looking to move to Brazil myself in a few years after I address my student loans here in the U.S.. I foresee the path to making it happen could be difficult hence me saying possibly but still will try.
@nancyleal2529
11 ай бұрын
@@greenbeans8710 , yes, there are many more people of African descent in Brazil than in the US. Many more Africans were brought to Brazil, but most mixed with Europeans, Indians etc. and many descendants don't have clear African features anymore and in many cases don't even know that had African ancestors. In Brazil it is not the same as in the US; only people with at least some clear African features are seen as black or mixed. The features and predominant genetics are more considered than a minority ancestry. Salvador is the city with the biggest percentage of people with clear African features (it was the first Capital of Brazil) and the only one that have kept the genuine culture and aspects of the African ancestors. I think that Rio de Janeiro is the second in percentage but only during the Carnival it's possible to notice the African influence. In Salvador it is really clear and people show they are proud of it. I think it's good in Brazil that people of different origins try to keep the heritage of their ancestors. Good for tourism, too. A video here that showed me that many times a big identification can be stronger than a "good life" ($$) has this title: "Black Rome. The Braziliam state where African-Americans are finding their Roots".
@nancyleal2529
9 ай бұрын
@whinnersvlog4993 , I didn't understand well what you meant. Black in Brazil are people with clear features like in Sub-Saharan Africa. People with North African features like in Algeria, Egypt etc. are not seen as black and color is not the most important to say if a person is black or not in tropical countries because, depending on the region, almost everybody darken at least a little by the often sun exposure. In absolute numbers because of the large population, Brazil is the country in the Americas with more people of African descent. Haiti has the highest percentage of people of African descent (around 95% of their population)
@nancyleal2529
9 ай бұрын
@whinnersvlog4993 , I was already in the US and it was quite clear to me by the features that most black people there (the ones we consider black in Brazil) were "purer", not so mixed like here. We have a big percentage that we would call here "light mullatoes", that is, people with some African features, but clearly mixed (more than one non-black ancestor) and most of their genetics is not African anymore. These people are included in the statistics here in Brazil in a category called "pardos". That's why the official Brazilian rates show only less than 10% of black people and a big percentage of "pardos" (mixed and not only black and white). In the US they would all be seen as "black" anyway because of the African ancestry, according to the old "one drop rule", that is, even an only very distant black ancestor makes you "black" and not white etc. In Brazil it's different and that's what I am trying to explain. Many people considered black in the US would not be seen as black here. We had a different colonization by southern Europeans, people that tan and darken more easily by the warmer latitude where they were adapted. So, color is not so important here, but especially the features and predominant genetics. No matter how we look like, we only have the genetics from the last generations and what happened behind is lost. We can have more distant ancestors of any race. Ok?
@LinoGermano
9 ай бұрын
Its happening in the whole Northeast.
Very helpful and informative content. Keep up the good work King!
I was looking to relocate to Brazil 🇧🇷! I also like Salvador de Bahia and I like Recife…
@prolinkedpodcast1376
3 ай бұрын
I want to check out Columbia
Obrigada, para esta informação.
Very informative info brother. I plan on retiring to Salvador in the next 5ish years, but I'm exploring the renting versus buying a property now. I'll be in my early to mid 60's by the time I do this, so that's a factor as well. The new construction angle you talked about I really like and it makes sense that you would have more negotiating leverage with a higher down payment. Good stuff.
@RockyinReelTime
8 ай бұрын
Thanks for watching and I'm glad you liked and found value in the video
You're amazing mate. Brilliant info!
@RockyinReelTime
6 ай бұрын
Thanks for watching !
This is superb, I learned something important in this section, am a prospective buyer, am about to buy for investment visa, at list I learned about ascendente and poente
@RockyinReelTime
Жыл бұрын
Yeah you’ll usually see it listed in the listing like in this one here for example: ba.olx.com.br/grande-salvador/imoveis/apartamento-para-venda-tem-109-metros-quadrados-com-3-quartos-em-costa-azul-salvador-b-1200923893 When you open the description, you’ll see “nascente” (pronounced nah-sen-chi). This is a HUGE selling point. If you don’t see it in the listing or the “corretor de imóveis” (real estate agent) doesn’t mention it, please make sure to ask. Peace and love, good luck and thanks for watching 🙏🏾
Your video is right on time for me! I just retired and I’m looking to purchase. Great Job!! 👏🏾👏🏾👏🏾👏🏾
@RockyinReelTime
9 ай бұрын
Glad it was helpful!
Great tips
Thanks for putting out such great content
@RockyinReelTime
9 ай бұрын
Thanks for watching!
Great vid. Very informative. I will watch this again in the future as I may try to move down to Brazil myself after I tackle my student debt here in the States. Too expensive living here. Being able to live in Brazil will or finding a way will be the test. Work VISA or try to find a remote job so can get digital nomad VISA. A long tough road ahead.
@MuzzaHukka
11 ай бұрын
Have you considered borrowing more money now, just before the USD collapses, and then buying a property "cash" in Brazil that you could retreat to, when shit really hits the fan?
I’m in the preliminary stages of buying in Salvador so your video was very timely.
@RockyinReelTime
11 ай бұрын
So glad I could help 🙏🏾
@nathanyungerberg4925
11 ай бұрын
Do you have any recommendations for realtors? I’ve spoken to three so far. Two were referrals from friends who purchased property in Salvador, and the last was from someone I found. All three have pretty much dropped the ball.
@ShaqKemar-tn6ri
10 ай бұрын
@@nathanyungerberg4925how do I find a agent I need someone to talk with
Could you do a video about neighborhoods in Salvador?
Good $hit bruh👊🏿💯✈️ SUBBED!
Hey, found you from IP stream last week. I agree with your points and think some of the Blue Book folks are the problem. Can you also share links of remote SWE?
@RockyinReelTime
Жыл бұрын
Watch my video on how to find remote 6 figure jobs. Also subscribe if you haven’t already, I’m a senior software engineer working remote and I’ll go into this topic in depth in a future video and that’ll include how to find a remote position that fits your lifestyle
Dope video‼️I got some more vid request lol can you do top beach cities for a young man to live in Brazil. I’m moving there in 2-3 months but I’m doing airbnbs in different cities/neighborhoods tryna see where I wanna settle and I need that how to learn Portuguese video. The language is no joke I’m using Pimsleur right now
@CC-rz1kp
2 ай бұрын
Are these prices in US $$ ?
@sensato957
2 ай бұрын
@@CC-rz1kp in Reais, $ 1 USD = R$ 5.15 today´s price.
How do they calculate or do they include the interest rate when coming up with the monthly installment payments
@RockyinReelTime
Жыл бұрын
It all depends on several factors including the list price, the city, how much you put down, agreement between you and the financier/ construction company etc. Usually there will be a fixed interest rate if your putting the minimum payment down but you have more negotiation power if you put more down. Let’s say for instance the interest rate is 6% on a $R200.000 (this is about $40,000). The minimum down payment might be 10-20% depending on the property, so if this particular property was 20% that’s roughly $R40,000 or $8,300. If you put double that($16,600 or $R80,000) and say you’ll pay $R5,000 a month for 2 years they can give you smaller interest rate, let’s say 2.5%. But keep in mind if you want to buy new construction that the moment the construction company completes the building you start paying interest. So if you bought a place when they broke ground in July 2023 and it isn’t going to be done until July 2025 and they’re on time (someone’s there delays in construction which could push it back) then you’ll pay interest starting August 2025
Hi Rocky I’m interested buying a house in a country side in a small town.
Are you still building the beach property? Is that in a different state? From my understanding they don't use wall insolation or you need to stress that to the contractor? That would appear to be an issue when dealing with the heat?
@RockyinReelTime
Жыл бұрын
Yeah we are, that’s one of my wife’s parents properties we’re actively renovating, progress has been a bit slow but steady. It’s further north in a neighborhood called Lauro de Freitas
My issue is idk what city to pick. Im inbetween getting an apartment in a beach city or getting a house with some land that inland and outside of the city
Do you have the links to those websites?
nice video bro. You're based in Salvador? I'm also an expat in SC.
@RockyinReelTime
7 ай бұрын
Yeah I’m in Salvador bro
@joshflintoff
7 ай бұрын
one thing to call out is the dreaded CUB adjustments on buying new properties through the construction companies. Can be brutal. Do you ever come down south? I haven't visited NE or salvador yet and planning to go.
5 Train uptown Gun Hill Road. SALUTE!
Hello I am looking to buy a house in salvador how could get contact with construction company or a agent?
#BALLIN!
right
Hey Man, how can I reach you, I'm in Brazil and looking to buy an apartment myself
@RockyinReelTime
9 ай бұрын
Hey man, reach me on Instagram
2000 dollars is not rent in Los Angeles hahaha. Maybe 8 years ago. Studios in Los Angeles are 2400+ in a dump.
@RockyinReelTime
3 ай бұрын
Well yeah, you’re right I was just trying to paint a more clear picture lol😅
What can 30000 dollars buy
@RockyinReelTime
Жыл бұрын
Hey! it depends on a lot but you can definitely get a decent one bedroom in lots of cities. I did a search just now in Sao Paulo (which is the most expensive city) and I found a fairly newly built condo building with a 1BR 1BA in Cambuci, Sao Paulo which is decently central in the city for $R206,000 which is about $26,000 which is under budget. The building has a pet room, gym, lounge area, outdoor BBQ station and playground. Here's the unit on OLX : sp.olx.com.br/sao-paulo-e-regiao/imoveis/plano-mooca-ii-32-43m-1-2-quartos-mooca-sao-paulo-sp-908841743?lis=listing_1001
You did not really touch on buying real estate for the purpose of obtaining Brazilian citizenship. My present understanding is that buying a property that costs 1 million BRL (around 200,000 USD) can accelerate the path to citizenship. I don't know if this can be done buying off plan from a developer where installments are made, or must be a lump purchase.
@RockyinReelTime
4 ай бұрын
This video is basically detailing what I've learned in the process. I didn't have to go that route for permanent residency so that's why I didn't mention it. You can absolutely obtain citizenship through buying a place from a developer. It doesn't have to be done in a lump sum and they accept foreign banks. You can email me at rocky@rirtmedia.com and I'l refer you to some real estate agents here in Brazil. Are you looking in a particular city? Do you know yet ?
@steveb540i
4 ай бұрын
@@RockyinReelTime Thanks for that offer. To early for me to know yet as also deciding if I'd rather attempt Argentinian citizenship. Though Brazil seems more costly it would seem to require less physical presence than Argentina. I just don't know to what extent proficiency in Portuguese language would be expected and I personally find it much more difficult than Spanish.
Is your wife Brazilian or American who moved with you??
@RockyinReelTime
Ай бұрын
I met her here in Brazil
@ljturnbow
Ай бұрын
@RockyinReelTime living the dream bro
Rocky In third world be careful about under construction apartments. Sometimes those projects never get done in time or sometimes never get done at all. Brazil is not USA It’s much better to buy ready to move in properties than under construction ones. These countries are notoriously run , laws stays on paper. South America is a different play ground, Guys play accordingly
Really? $40k-50k USD for a 1 bedroom? I met a Brazilian guy who owns properties… we spoke about properties in Rio. He said smaller places tend to be more expensive because there’s a higher demand for them. Many Brazilians can’t fill up bigger places. Have you heard about this? The 10% down payment is only for Brazilian residents and citizens?
@RockyinReelTime
Жыл бұрын
Absolutely bro! If you go to the 10:55 mark in this video you’ll see one of those advertisements billboards the construction companies put up I was talking about. It says “Quarto e sala na Graça” which translates to a bedroom and living room in Graça, the price is there too. As you can see the billboard is a bit aged, it’s a few months old and I remember when they put it up because I pass by that area from time to time. At the time they put it up the exchange rate was about $1 = R$5.21 (give or take). Graça is the next neighborhood over to Barra here I’m Salvador Bahia, it’s extremely close. So at the exchange rate at that time that R$249,900 price was about $47K plus the closing cost (assuming you bought at that time) might bring it up to about $50-54K. As I mentioned, in the video they usually have a stand and contact info on the poster/billboard or in front of the construction site . You can see it on the lower half of the billboard, it says where you can visit their stand and they also give you their number. Even in São Paulo and Rio, depending on the neighborhood, you can find one bedrooms at that price (new construction). The 10% down payment is usually what they would ask for from anyone, however, it’s not a hard and fast rule. It all depends on your payment terms, your monthly installments and whatever you negotiate. So if you put a lower down payment down, but have a much higher than average monthly payment, they’ll work with you. To be honest, out here, many Brazilians, don’t pay more than the equivalent of $700 a month (this is on the high end too) and their payment terms are longer. Let’s say hypothetically for that one bedroom property at the 10:55 time stamp you bought when the exchange rate was about $1 =R$5.21 and you put down 12%, that’s about $5600, you’d have about $42,200 left to pay. So if you negotiate a 5 year payment plan your monthly installments will be like $700. It’s completely doable out here
@RockyinReelTime
Жыл бұрын
Also you have to understand that “expensive” is relative. Your Brazilian friend is right depending on who you ask. Their definition of expensive and our definition of expensive isn’t the same lol. $45K for a one bedroom is steal to us but may be expensive to them 😅
@fiftyseventh
Жыл бұрын
Thanks so much for this info bro!!! It’s greatly appreciated
@RockyinReelTime
Жыл бұрын
@@fiftyseventhYou’re very welcome, I’m happy to provide the value
@MuzzaHukka
11 ай бұрын
@@RockyinReelTime To get a rental property mortgage in a place like Spain, they'd need to see your credit history and proof of ability to pay... In Brazil, can you give a deposit and make monthly payments without showing your credit score/payslips?
If the construction company goes bankrupt before the building is finished your money might be lost.
@RockyinReelTime
9 ай бұрын
Yeah this is a possibility. I discovered that this happens rarely so it’s best to research the company and see what people have said about their other properties
@Bluey9910
5 күн бұрын
Also depends if it’s financed by a federal bank too
Bro You’re dealing with third world I will never buy under construction properties. Projects never completes on time or never ever. I am looking for 50k to 77k properties completely done by all means. One bad room apartment. In convenient places having all day to day needs malls cafeterias hospitals gyms etc etc with in 500 - 700 metres circumferences. In case you come across bro help me São Paulo Rio de Janeiro etc All must be ready to move in immediately. All down payment by white money only. Cheers brother
Can i chat with you privately?
@RockyinReelTime
Жыл бұрын
HMU on RockyInReelTime on IG
🫡