Thomas Lloyd,  Broker By Thomas Lloyd
2010-05-25

Considering a few regular people who have become millionaires, a recent survey showed that there are few things that each of these people did - and here's the best part; buying Mexico real estate, in a warm climate on the beachfront, with the help of a professionally compiled Mexico real estate guide, and an experienced Mexico agent, can help you do this.

Theses millionaires aren't the stereotype with private jets and three cars that cost more than the house most of us live in; they're down-to-earth residents of middle class neighborhoods, who make sound financial choices. Let's consider these financial choices, and how you can use Mexico real estate to follow the same concepts.

One tip – increase your money. Don't live paycheck to paycheck. Making extra money to re-invest in areas which will generate further income is one of the key points. And where are the places to invest your money? A business and real estate. Mexico real estate provides many excellent investment opportunities, whether for a large budget, or for a small budget. Properties with excellent investment potential can be found as low as $65,000 – and sometimes even less. Opportunities to start business are also abundant, and Mexico's healthy economy is ideal for investors starting out small. "Everyone has a marketable skill," says one commentator, and if it's marketable in the U.S. or Canada, it's probably even more so in Mexico.

Another tip from these small-timers gone millionaires is don't be afraid to be daring. "I'm not sure if I can afford that beachfront condo to rent out," many people may think to themselves. Many who made it rich started out taking a loan for something they knew would work. Mexico mortgages are becoming a more common and viable means by which to buy a home; low interest rates and a variety of payment plans allow flexibility according to your investment needs. Many developers also offer direct short term financing with competitive rates.

This leads into what is perhaps the most important advice; educate yourself and get information. Buying Mexico real estate on financing as an investment is certainly a viable possibility, but you have to make sure you do it right. The best first step is to find professional advice about the ins and outs of the real estate industry in this country. Top Mexico Real Estate Guide: Buying Safely is a guide compiled from advice of 10 of Mexico's leading real estate professionals giving you as an investor the most important first step to protect your investment – making sure you buy safely, avoiding unnecessary risk. TOPMexicoRealEstate.com, the creator of this guide, will also be coming with another volume in the near future addressing investment specifically.

Investing in real estate you will want to make sure you have the best and most accurate information available when choosing your property. Another key element in this process, as emphasized various times in Top Mexico Real Estate Guide, is finding an knowledgeable, experienced agent who can guide you through the process, and use their knowledge of the market to help you make your choice.
Finally the most important secret; spend less money. Buying real estate and living in Mexico helps you with this task. Besides cheaper real estate, the costs of day to day living are noticeably lower here; if you manage to be frugal up north, you will be even more so here, allowing you more money to re-invest into real estate or your business.

If you want to get rich, take a look at Mexico real estate; you'll find many excellent possibilities.

TOPMexicoRealEstate.com; Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely

Mexico Real Estate NETWORK; "Mexico's Leading Network of Specialists for Finding and Purchasing Mexican Properties Safely!"

 

Region:  Playa del Carmen real estate.

Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546.

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