Panama Real Estate Investment Case Study

Filmed in December 2021Show more

I spent time in Panama City looking at real estate. For now I don't see the market as attractive due to a number of headwinds. In this video I sat down with agent and ran the exact numbers.

If you want to get in touch with Alexander: alexander@thewanderinginvestor.com

00:00 Panama City real estate market overview
01:00 Apartment tour and price per square meter
03:45 Rental yield calculations for a real estate investment in Panama City
06:00 Property taxes in Panama City
07:24 Mortgage and eviction moratorium in Panama
09:00 Great tax system in Panama
10:00 Multinationals investing in Panama
10:25 Bifurcation of the real estate market in Panama
12:20 Crises in Latin America are good for Panama
15:20 Big expat base in Panama

Rough calculations

Total cost: $260,000 including light renovations and stamp duty following some negotiations

Rental income of $1,200 per month at 80% occupancy for one year = $11,520

- Property management and finder's fees for new tenants +-15% of gross rental income = $1,728
- HOA fees / common charges: $225 per month = $2,700
- Yearly property tax of $500
- Yearly maintenance $700

Net yearly income after deductions = $5,892

Net rental yield = ($5,892 / $260,000)*100 = 2.3%

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A good real estate lawyer in Panama: https://youtu.be/Wf0-nZXI14w

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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.