My Sister has inherited a nice house in Brazil.
She doesn`t want to live there and selling it to take the money out of the country seems to be quite difficult. Even though the house is in good condition and in an upmarket area in the mountains near Rio, she`s been told she`d come out Zero.My suggestion was to try and swap it for a house in Australia if I can find someone who wants to live in Brazil and has a house here.
Has anybody got any ideas on how to accomplish that?
Thanks for any useful advice,
treasureHi treasure,
Not sure about how to arrange a swap, but what about renting out the house? Is that possible?
Maybe she has some relatives in Brazil to help her out with this.
Cheers,
Sue [biggrin]“Be careful not to step on the flowers when you’re reaching for the stars”
Hi Sue,
No, she has no relatives in Australia. Currently there is someone living in the house rent free. Friends of hers said, that she is lucky to have someone stay there, so the place is looked after and not vandalized.
That can`t be it though.
It´s just so hard to verify the information and the “advice” from “friends” when you are so far away and don`t speak the language.Treasure
Hi,
Just clarifying, would she get nothing because:
1. There is no equity left after sale costs; or
2. Because getting the money out of the coutry is difficult?How much money are we talking about? A little more info would provide a context for any help provided.
Regards,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi Steve,
The House is fully paid for. The guy who left it to my sister was a German who had worked for a Brazilian Airline and bought it when he retired. It cost him about US$100 000 about 7 yers ago.
Since then he improved it qiute a bit.There seem to be laws in Brazil though that make it very difficult for foreigners to sell property and take the money out of the country.
To even take 5000 out is difficult.
treasure
You must be logged in to reply to this topic. If you don't have an account, you can register here.
