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Anyone retired to Cuenca on VA Disability? (1600 usd/month)

I was just medically discharged after 8 years of service with 70 percent disability, (About 1600USD dollars a month). Has anyone retired to Cuenca on this type of money? I have a wife and a 15 month old. The pension is verifyable for the VISA and everything. I just want to make sure I don't get there and the prices have ballooned or find out about a bunch of hidden cost.

I do have some cash saved up so the price for actually getting down there and getting an apartment set up isn't an issue.

I'm really just tired of America and the American way of life, and just want to relax. My plan is to complete online school with my Post 9-11 GI Bill which will add about 800 dollars monthly to our budget (housing allowance through the GI bill) until I'm done with school. And my plan being that I've been doing IT for 10 years, is to go to school for software engineering and do freelance work from home from Cuenca. My reasons for retiring are to not have to work anymore, because my back hurts every single day. And I want to be able to take care of my family so that my wife doesn't have to work. We do own a house here in Washington, but I can rent it out for about 400 dollars more than my mortgage, so that is a little bit of income as well.

Any advice and pearls of wisdom will be considered very carefully. Thank you!

I forgot to mention, I've been overseas before (3+ years) and loved it. Granted it was Germany/Afghanistan and not South America but yeah. I'm used to being in places where I don't fit in and don't speak the language.

Welcome to the Ecuador forum, Justin.

Given that apartments suitable for your family are available for 400-and-some dollars per month in Cuenca, you should be able to pull off the move.  Visit www.numbeo.com for more cost-of-living data.

The disability income is easily within the Ecuador requirements for a residency visa.

The same boring but important caveat still exists -- visit before moving to Ecuador.

cccmedia in Quito

Justin213 :

We do own a house here in Washington, but I can rent it out for about 400 dollars more than my mortgage, so that is a little bit of income as well.

Any advice and pearls of wisdom will be considered very carefully.

What is your plan for property management of your house in Washington State?  Long-distance management is tricky if, for instance, your tenant leaves or flakes .. water damage occurs .. or someone you depended on for management disappoints.

cccmedia in Quito

In the 100% exact situation. Did you decide what to do with your house? Any body have any experience with property management companies?

DevonC :

In the 100% exact situation. Did you decide what to do with your house? Any body have any experience with property management companies?

Property management companies are like casino managers.  They hold a convention every year with seminars on how to bleed every penny possible from clients or customers.

If you’re moving overseas, take a big headache off your agenda .. and sell your North American property before you re-locate.  You won’t have to worry about tenant vacancies, tenant damages or the possibility your property could have a flood .. any more.

Most North Americans should not own property they don’t live in .. especially if they’re thousands of miles away.

Peace of mind is priceless.

cccmedia

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