Hello BP investors,
Just joined to the community, looking to learn about real estate in the US and Mexico.
However Im having a hard time to find information about investing in Mexico,
For my first investment I'm trying to do the numbers to find a good property with good cash flow
Do you recomend any property management company in Mexico?
Im located north of Mexico in Chihuahua city
Looking forward to learn
@Luis Cardenas Sakoda welcome to BP! I would suggest using the BP search (https://www.biggerpockets.com/search?utf8=%E2%9C%9...) to find topics/people around Chihuahua.
Best of luck in your endeavors!
Buenas tardes Luis,
I have lived and worked over 10 years in different parts of mexico (i work in the hospitality industry). I looked into investing in RE in mexico varios times but i never did :
-Getting financing was very expensive and/or very difficult to get (for me)
-Because of the very high financing cost, the number did not work...
-Being a non citizen, I have to go through a fidecomiso which makes buying on a small scale much more expensive.
-I moved around too much (because of the type of industry I am in)
Looking back, not investing in rental properties in Mexico was a good decision for me (being a foreigner and moving around a lot). Especially now since mexico is going through a diffcult social/security crisis..
On the other hand, I would love to hear about your investment experiences and projects. Please share ...
Hola @Francisco Cimon
Thanks for your feedback, as a Méxican citizen is much easier to get finance, however im also struggling with te Numbers, my plan is to start my first project by te end of the year
I dont the see the security issues as a problem, At least not in the city im locating
I will definetely will share my experience as soon as possible
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