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Peter R.Real Estate Investor |
My name is Pete and I live in Playa Del Carmen Mexico. Just wanted to introduce myself to everyone. I have been investing in the U.S. for a few years and stiil hold a few properties there. Currently I'm focused on what was a sleepy fishing village a few years ago. Now the R.E. market here is booming, Playa has the reputation as one of the fastest growing cities in Latin America. I came here last year to live full time to reap the rewards. So far so good! |
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Joshua D.BiggerPockets FounderDenver, Colorado |
Welcome to BiggerPockets, Peter! Its great that you jumped into a growing marketplace and got involved there. Are you still doing any investing in the states? What was your focus before going to Mexico? |
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Jason C.Real Estate InvestorKaty, Texas |
I love me some Playa Del Carmen!!! Welcome aboard! |
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Peter R.Real Estate Investor |
Thanks guys for wheelin out the welcome wagon. I haven't been investing in the states for at least two years. I have fallin out of the game there since moving to Playa. Before comming here I was focused on forclosures and rehabbing. I still own in Vegas and Austin and they seem to be holding on. I came to your site to keep up to date on the investor side of things back home. The reports I get here are all doom and gloom from people who are not tuned in. I'm looking forward to some positive feed back from people who know this stuff works! |
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Joshua D.BiggerPockets FounderDenver, Colorado |
Peter -
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Joshua D.BiggerPockets FounderDenver, Colorado |
The following was a post by Peter in response to my previous one:
My girlfriend and I started investing in 2001 when we purchased our condo in Santa Monica,CA. That's when I first read " Richdad" , which changed our lives. We hit the condo for the built in equity and bought our first house in Vegas. Tapped that and bought two in Austin. I lived in Vegas for six months, knockin on doors, doing forclosures.I was wholesaling back to an investor in L.A. We took a few lumps but over all learned allot. Never lived in Austin but liked what we saw in growth potential, so we bought there. We had been to Playa a few times and always thought we could do well here. It has takin a little longer than I thought but doesn't everything? I still love what I do! |
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