Investing in Puerto Vallarta, MX
Hi there,
I'm looking to buy a home in Sayulita (a neighboring town of Puerto Vallarta). Goal would be a small unit, close to the beach, where I can live a few months and rent out the rest. Prefer something close to turnkey.
Anybody has advice on investing and owning a home in that area, and/or a realtor they can recommend?
Thanks!
Most Popular Reply
@Kush Khandelwal I think Kush wants to buy a property for its own use and not primarily as an investment. And he’s not trying to buy apartment buildings in Mexico City, the kind of assets you told us to own and which, frankly, I’d sell too if I own any. Buying individual properties in holiday destinations with high buyer and rental demand is another story.
BiggerPockets is a community of positive people trying to support each other so I’m not sure what your point is with negative comments. I also own property in Mexico, continue to invest there and totally disagree with your comments. I already explained why in a reaction to a similar reply of yours not long ago so I’m not going to go it again.
Everyone is entitled to their opinion but the proof is in the pudding. You’d expected that prices would have crashed in Mexico’s main holiday destinations because of the pandemic. They haven’t. As confirmed by my contacts on the ground both in the Riviera Maya and Puerto Vallarta - Riviera Maya, Americans have been buying properties have over first there, during a period that’s normally quiet.