All Forum Posts by: Fawaz Sabha
Fawaz Sabha has started 1 posts and replied 3 times.
Post: Mexico, where in mexico to start investing in realstate
- Posts 3
- Votes 1
Quote from @Bruno Demarco Quiroz:
Hi Fawaz. I hope you're doing great.
As a licensed real estate broker in Tulum, I would like to share my opinion on this area with you. If you're planning to invest less than $400-500k USD, the properties you could find within that budget will not stand out in the market, and you'll face high competition in the STR (Short-Term Rental) market. Unfortunately, in recent years, Tulum has been overbuilt in the small properties segment, leading to a huge supply of them. If you are looking to invest over $500k, you might be able to find more unique properties with less competition.
Due to the current market conditions, many owners are deciding to sell, so today it is possible to find properties at great prices. However, it is not easy, as there is no MLS, and most people in this industry will try to sell preconstruction properties at any price.
I hope you find this information useful!
Hello Bruno and Thank you. Yes they are practically giving away these cookie cutters new construction for low prices. My strategy is not to invest in one place only, 400k Cash or less in each, looking for 4 properties, different location in Mexico .... sorry you must have heard that alot "The next Tulum" where I can go early. Is there such a Place?
Post: Mexico, where in mexico to start investing in realstate
- Posts 3
- Votes 1
- Hello Mike, thank you for the reply, you are the right person to listen to. As far as the objective Medium and long income through rental income, appreciation, and to have a stable cash flow.
- I am opening a business in Mexico city (Hair salon) for my wife so get some short term income, Also I am heavily invested in the US stock market but at this time it is not going no where until we have some rate cuts.
- As you know Cash setting in the bank is not good. so looking to invest some in Mexico in what works without taking too much risk knowing the legal, political and safety situation.
- I am based in Mexico city and will be full time in Mexico.
- 1- please clarify what you mean by "Tulum is being completely overbuilt so I'm not sure ...... " so is it too late to get in now or there is still time.
- 2- As you know zeroing on a Market is easier to look for a properties. how would number these locations (Mixco city, Tulum, Merida, Vallarta, Playa del Carmen and maybe Guanaiuato)
- 3- I do not want to put all my eggs in one Basket. I hear about these towns as being the Next thing growing. what do you think about " Bacalar, Puerto Escondido, Costa Careyes"....... is there others?
- 4- Finally what price range / square meter / type of property (house VS Apartment) would you look for. you as an investor that will appeal to the Market.
Thank you and sorry for picking your brain too much Mike :)
Post: Mexico, where in mexico to start investing in realstate
- Posts 3
- Votes 1
I am in Mexico city now for 3 months as we relocated from houston. Looking to invest in the realstate market. Been researching for long time before the move. Mexico City, Tulum, Merida and Puerto Vallarta are in my list however I do not know which one would be the best to:
Buy and flip, buy and rent or buy and Arnb?
What price market should I stay under knowing that Mexico City and Puerto Vallarta are the highest market now?
Finaly, what areas in the best city should I look in.
thank you for your inputs.