All Forum Posts by: Francisco Cimon

Anthony,

Keep in mind that the current situation is many states (all?) of mexico is very unstable (for the lack of governance/security issues. Things could go south very quickly for Cancun/Playa del Carmen as a tourist destination.

And I dont speak as a "cnn news watcher" but as someone who lived in the country for over 10 years...

Good day Qui,

If you dont mind, I would like to ask you a few questions...

-Where did you get your financing to purchase in Puerto Vallarta Mexico? US bank or mexican institution?

-Why Mexico and why Puerto Vallarta (I am very familiar with this destination - I have lived over 10 years in Mexico)? Have you considered the Caribeans? Again, just curious...

-How did you find the people/company that will take care of your property in Puerto vallarta?

thanks

Buenas tardes Marco.

Do you still own rental properties in Mexico? If so, in which state/cities?  Please share your exprience when you get a chance.

Saludos. 

Brian,

Your success story is very inspirational. What you do is admirable. 

Good day Ruta,

I lived in Mexico for over 10 years and I did know that you needed a trust  (fideicomiso) as a foreigner to buy land/property in mexico (close to the coastline). From what I understand (and please tell me if I am wrong), the fees involved in purchasing a property/land (because you have to go through a trust) are high. And you have to pay extra (high) fees as a foreigner when you sell your land/property.

Taking into account these fees, how are you making your rental properties "profitable" at 15-20%? Are the rents very high compared to the prices of the rental properties?

Also... where do you clients get their financing? I know that it is very difficult to get a loan from a bank in mexico and the interest rates are VERY high (8% to 12%)...

I would be interested in hearing about your experience in helping foreigners invest in mexico. How do you handle the legal process? What part of mexico do you feel is best for real estate investing (rentals - duplex - small appartments, etc)? 

thank you Dave. You live in a beautiful area of the world.... 

Good day,

Franck here. I am a  canadian who's been working in the hospitality industry for over a decade at the management level.  Currently located in the Caribbean's on the beautiful island of St-Kitts. I have lived and worked many years in Mexico as well. 

Looking to learn more about real estate (I have been a stock market investor mostly) and connect with other members. Would love to read/hear stories from real estate investors in the Caribbeans, Latin America, Mexico, etc. I am also interested in connecting with people who have experience with vacation rentals in these areas.

I have been listening to many BP podcast. I think this site is a great source of information and founded by good honest people.  Happy to be a member!

Cheers,