Jake Nomada 🌎 (@JakeNomada) header
Jake Nomada 🌎 (@JakeNomada) profile picture

12+ years living in Latin America. From abject degenerate to father of 3. Musings on the realities of living in LatAm for sovereign individuals and families 🌎

Latin America
Joined June 2016
Photo by Jake Nomada 🌎 (@JakeNomada)Photo by Jake Nomada 🌎 (@JakeNomada)Photo by Jake Nomada 🌎 (@JakeNomada)Photo by Jake Nomada 🌎 (@JakeNomada)Photo by Jake Nomada 🌎 (@JakeNomada)Photo by Jake Nomada 🌎 (@JakeNomada)Photo by Jake Nomada 🌎 (@JakeNomada)Photo by Jake Nomada 🌎 (@JakeNomada)Photo by Jake Nomada 🌎 (@JakeNomada)Photo by Jake Nomada 🌎 (@JakeNomada)
In the USA πŸ‡ΊπŸ‡Έ $50K basically gets you a used Chevy Tahoe these days In 11 Latin American cities, it still buys you a brand new apartment In one of the *BEST* areas of the city TE LO JURO Live this month, from the portals locals use: β†’ 75 mΒ² 2BR, two balconies β€” $62,000 β†’ 33 mΒ² on the water, river in every window β€” from $44,500 β†’ Furnished 71 mΒ² 2BR, sea-view balcony, Caribbean island β€” $56,000 β†’ New studio, pool + gym, capital financial district β€” from $66,000 Those are 4 of 33 listings in the new @investlatamX guide Two cities in full below, with links The other 9, the maps, and my absolute favorites of the bunch are in the free guide β€” link in the first reply 1/🧡
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πŸ‡»πŸ‡ͺ VENEZUELA πŸ‡»πŸ‡ͺ A digital platform is being floated so roughly 4 million Venezuelans abroad (probably significantly more) can vote in the July 2027 window While outside the country That *could* be a really big deal...
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Since this one's getting around... I go to these places and film them in person: the apartments, the neighborhoods, the residency paperwork, all of it New videos every week on where to live and invest + how to stay in Latin America Subscribe here πŸ‘‡ youtube.com/@investlatam
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Bolivia πŸ‡§πŸ‡΄ isn't only gas lines and strikes this week β†’ ~4,700 schools getting Starlink β†’ Cybertruck ambulances already in use Both stories can sit side by side
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This stuff isn't complex... There's no universal "El Dorado" anywhere in the world, only your personal utopia Decide what you're optimizing for, then pick the location that allows you to optimize those area(s) of your life For example: β†’ Cheapest = Bolivia πŸ‡§πŸ‡΄ + Ecuador πŸ‡ͺπŸ‡¨ + Paraguay πŸ‡΅πŸ‡Ύ β†’ Best Plan B Residency = Uruguay πŸ‡ΊπŸ‡Ύ + Panama πŸ‡΅πŸ‡¦ + Paraguay πŸ‡΅πŸ‡Ύ β†’ Best for Retirees = Panama πŸ‡΅πŸ‡¦ + Mexico πŸ‡²πŸ‡½ + Costa Rica πŸ‡¨πŸ‡· β†’ Best for Families = Panama πŸ‡΅πŸ‡¦ + Uruguay πŸ‡ΊπŸ‡Ύ + Chile πŸ‡¨πŸ‡± β†’ Best for Single Broski = Brazil πŸ‡§πŸ‡· + Colombia πŸ‡¨πŸ‡΄ + DR πŸ‡©πŸ‡΄ β†’ Best for Vibes = Argentina πŸ‡¦πŸ‡· + Brazil πŸ‡§πŸ‡· + Costa Rica πŸ‡¨πŸ‡· Ya tu sabes 🫑
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Jake Nomada 🌎 retweeted
πŸ‡¦πŸ‡· Big Investment in Patagonia - Argentina with Luxury Hotel Project Luxury hotel group Minor Hotels is bringing its prestigious Anantara brand to Ushuaia with a $22+ Million USD investment. 🏨 60 luxury rooms & suites πŸ’° US$367,000+ investment per room ♨️ Luxury spa & heated pool 🌊 Spectacular Beagle Channel views πŸ“… Opening planned for mid-2028 Developed by Argentina's MGS Group, the resort will be part of the massive 286-hectare Costa Susana development. Another exciting sign of international luxury brands expanding into Argentina's tourism market!
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Details matter... Great breakdown of the residency files processed in Panama πŸ‡΅πŸ‡¦
Replying to @JakeNomada
Worth unpacking: SNM says the jump is mostly PPSH humanitarian files and extensions, so these are decisions, not new arrivals. The lines investors should watch, Jan-Sep: 2,923 approvals for Americans, 2,363 Friendly Nations, 2,082 retirees/pensionados.
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πŸ‡΅πŸ‡¦ PANAMA πŸ‡΅πŸ‡¦ 13 days after a 7.5 earthquake, Panama's president had 27 global companies and institutions from 17 countries in the presidential palace for a World Economic Forum strategy meeting Maersk, AES, EQT and Stena Line sent their CEOs, Visa, Mastercard, DHL and PepsiCo were there too His pitch: Moving cargo isn't enough anymore, Panama should be the region's biggest multi-energy, logistics, digital and financial hub Built on 4 pillars... β†’ Water: expand storage in the Canal watershed β†’ Energy: Canal as a multi-energy hub, lead shipping decarbonization β†’ Trade: new Mercosur associate state, multinational nearshoring base β†’ Rule of law: off the EU money-laundering list and its tax blacklist The WEF's Alois Zwinggi called it a shared commitment to boost Panama's strategic position Nobody in that room flew to Panama for the beaches, although there's some damn good beaches here too ;)
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A powerful network of Latin American residency sellers with 8,000-48,000 followers on twitter manipulated the Brazilian elections to rescue their floundering businesses from declining consumer interest due to regional cost of living increases and fading novelty. Wake. Up.
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Jake Nomada 🌎 retweeted
There are not that many safe havens / tax havens left in the world. Panama is not perfect and has its own risk profile but having a Plan B there is a no brainer.
πŸ‡΅πŸ‡¦ PANAMA πŸ‡΅πŸ‡¦ Panama's migration service (SNM) cleared 18,494 residency files in Q3… Up 132.9% vs Q2 Kind of insane πŸ‘€
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πŸ‡΅πŸ‡¦ PANAMA πŸ‡΅πŸ‡¦ Panama's migration service (SNM) cleared 18,494 residency files in Q3… Up 132.9% vs Q2 Kind of insane πŸ‘€
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I think people undervalue just how impressive the infrastructure built or being built in small Central American countries like El Salvador πŸ‡ΈπŸ‡» and Panama πŸ‡΅πŸ‡¦ truly is... But when you compare it to other similar sized countries in the region, you walk away incredible impressed with the ability of these places to build things that work for citizens, residents, and tourists alike 🫑
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πŸ‡²πŸ‡½ MAZATLÁN, MEXICO πŸ‡²πŸ‡½ Nearly everyone will disagree with me on this one... MazatlΓ‘n should be the best beach city in Mexico The beach in the Zona Dorada is one of my favorite beaches in the world, golden sand, light waves, perfect for body surfing, pleasant to swim in, and a little boat takes you to the island right off the sand The rest of the case: β†’ Amazing seafood, some of the best beach-town food I've eaten anywhere β†’ Weather that's ideal 7 to 8 months a year, spring-like mornings for the malecΓ³n, hot afternoons for the beach, a few months too cold to swim, a few months super hot β†’ 21 km of malecΓ³n, the longest in the world outside Rio β†’ High-rise hotels and apartments with insane ocean views β†’ Pretty good nightlife β†’ Cheap to live in β†’ Short flight from the US and Canada I wouldn't raise a family there, but kids aside it's my favorite beach city in Latin America NOT in Brazil So why hasn't it fallen to mass gringo tourism like Playa del Carmen or Cabo? The Sinaloa Cartel runs it, a true gangsters' paradise The city moves in phases, when the cartel isn't at war it's calm, when it is, it gets dangerous and it's not a place you want to be A world-class beach city you can only enjoy between cartel wars That's the tragedy of MazatlΓ‘n
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Jake Nomada 🌎 retweeted
Replying to @JakeNomada
You make your own "luck". I started buying up much of Recoleta and Palermo in 2002 after the big Corralito crash. People told me I was stupid and crazy then. Of course later they said "you're so lucky". πŸ˜‚ You make your own luck in life.
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Jake Nomada 🌎 retweeted
πŸ‡²πŸ‡½πŸŽ― Puebla, MΓ©xico - Totally underrated. Spot on target. Puebla is severely underrated. Great city. Amazing restaurants and not expensive.
A bit aggressive, but... He *might* not be wrong here For someone whose main focus is low cost of living in a city that doesn't suck + prefers 1-3 million people cities over mega cities Santa Cruz de la Sierra πŸ‡§πŸ‡΄ is going to be tough to beat The only other contenders: - Asuncion πŸ‡΅πŸ‡Ύ - Quito πŸ‡ͺπŸ‡¨ - Cali πŸ‡¨πŸ‡΄ - Puebla πŸ‡²πŸ‡½ - Brazil πŸ‡§πŸ‡· (handful to choose from...)
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A bit aggressive, but... He *might* not be wrong here For someone whose main focus is low cost of living in a city that doesn't suck + prefers 1-3 million people cities over mega cities Santa Cruz de la Sierra πŸ‡§πŸ‡΄ is going to be tough to beat The only other contenders: - Asuncion πŸ‡΅πŸ‡Ύ - Quito πŸ‡ͺπŸ‡¨ - Cali πŸ‡¨πŸ‡΄ - Puebla πŸ‡²πŸ‡½ - Brazil πŸ‡§πŸ‡· (handful to choose from...)
Unpopular opinion πŸ‡΅πŸ‡ΎπŸ‡¨πŸ‡΄πŸ‡¦πŸ‡·β€¦ If you prefer Tier 2 or tier 3 latam cities There is NOWHERE that you should decide to base up Besides… πŸ“Santa Cruz de la Sierra, Bolivia πŸ‡§πŸ‡΄ Can live like a king for $1500/m. Amazing nature close to the city. Abundant access to modern apartments And… Arguably, the best restaurant/cafe scene among tier b/c cities No brainer.
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πŸ‡¨πŸ‡΄ BOGOTÁ, COLOMBIA πŸ‡¨πŸ‡΄ My buddy Brandon bought "the blood in the street" in BogotΓ‘ back in the day, and it's part of the reason his penthouse nets 36% a year β†’ Right after COVID, peso near 5,000 to the dollar β†’ Colombia had just elected the left-wing Gustavo Petro, owners in his building were freaking out, "we're going to lose all our money" β†’ He lowballed them and ended up with most of the apartments in the building β†’ Paid $100,000 for this 4 bed in ChicΓ³ Norte, "a no brainer" β†’ Peso came back under 4,000, so he's up 20 to 25% on the exchange rate alone Skill or luck? "Mostly luck" he claims... Full video belowπŸ‘‡
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πŸ‡»πŸ‡ͺ VENEZUELA πŸ‡»πŸ‡ͺ Richard Branson just spent 2 days in Venezuela, his first trip there ever... β†’ "A lot obviously depends on the next 18 months" β†’ Once elections happen and rule of law is in place, Venezuela has a "tremendous opportunity" β†’ Until then a lot of the big money waits, his words: "Investment needs certainty" and "It needs transparency" β†’ Foreign Minister FΓ©lix Plasencia pitched him a Virgin Atlantic route from Caracas πŸ‡»πŸ‡ͺ to London πŸ‡¬πŸ‡§ and he said he'd look at it but won't promise the numbers work β†’ In La Guaira (the port by the main airport) people asked him about Virgin Voyages ships docking there, something he said they'd seriously look at, but years out β†’ He pitched acting president Delcy RodrΓ­guez on copying Virgin StartUp Loans, a UK program that has lent to nearly 10,000 small businesses So now we have Trump and Branson talking about Venezuela, about the potential... Interesting times ahead πŸ‡»πŸ‡ͺ
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πŸ‡¨πŸ‡΄ MEDELLÍN, COLOMBIA πŸ‡¨πŸ‡΄ Foreigners look at a MedellΓ­n building, see it for 20% of what it costs in the US, and settle for a passive 10% return or LESS Danny, who owns 2 Airbnbs here: "Dude, just put your money in the S&P 500" Same return at home means you shouldn't be carrying the currency risk... Was quite an interesting take
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