No, but this does create tangible security! A place to live for several years no matter what happens in life or in the world. What you get is rent credit for building it forward. The good part of the deal is it is extremely low rent and locked in rates for the years it takes to complete the rent credit no matter how the market changes in rental rates rising, which is an issue in Ecuador as more foreigners move to this part of the world. Rental rates have doubled in only a year’s time.
The part that is a great deal for you is getting the rental value at half price, locked in rates for several years. The rental rate is frozen for the 3 – 4 ½ years you paid forward for, at an already low rate in the market value today, yet frozen for 3 – 4 ½ more years. This is an incredible value!
A small house in the country on a safe, huge hacienda is a rare thing in Ecuador. What a true opportunity indeed! Your own 2 bedroom house, safe and sound, in the countryside of Ecuador at $300 per month rent! Score! This way you don’t have to buy the land, do all the paperwork, hire the crew, be on the construction site, deal with land registrations and assessments, etc.
This is easy as pie! While you don’t get equity in the property, you get the ease of just paying rent forward and having a place you can count on as if you do have equity in it. While you can’t sell it and make money, you are getting double the value for your rent because you paid it forward.
Knowing you have a roof over your head in a peaceful, beautiful place where the cost of living is cheap, that’s something that feels reassuring. Knowing you are not locked in to it and can sell off the rest of your rent credit to someone else is also reassuring, just in case life changes direction.
Having your rent paid forward is a tangible asset, buying the monthly rental at an extra low rate, securing a safe and beautiful place to live for a period of time. You can’t use your money for anything more secure than that!