Are you contemplating the option of buying Mexico Real Estate, or maybe re adjusting your portfolio to add alternative investments such as the appreciating Mexico property markets If the answer is yes, some guidelines will ensure a safer and more profitable Mexico Real Estate Investment.
There are many real estate investment options in Mexico, but understanding the purchasing process, the risks, and the payoffs are very important in your decisions One of your first decisions is choosing the area of interest for your investment or of your resort home What are your dreams and goals of this Mexican second home If the purpose is for obtaining rent returns and investment, then begin analyzing the market area growth patterns and tourism factors If you are purchasing the real estate for personal reasons, then it is a high probability that you already have fallen in love with the area and region Then of course, as in many cases, the choice of what area of Mexico to invest is derived from a combination of both of these previous reasons written above.
MEXICO REAL ESTATE TEAM
Once your market has been chosen, and as many people from first hand experience advise including several books about buying property in Mexico, surrond yourself with a good Real Estate team The coordinator of a good team is a good realtor Interview with several realtors before making your decision Study their credentials, their education, how long have they been practicing Mexico Real Estate In Mexico as stated from the book “CASHING IN ON A SECOND HOME IN MEXICO” by Mitch Creekmore, it is always recommended that you work with a realtor with experience in Latin America and a member of AMPI Your realtor will be able to give you options on each of the other key positions making up your real estate investment team Your Mexican lawyer, escrow companies, bank trustees, notary publics, property management companies all of these and a few more will be key players on your team Do your due diligence when selecting your realtor and when interviewing for your Mexico real estate team.
ALTERNATIVE INVESTMENTS IN MEXICO REAL ESTATE
Pooling offers is an option that several investors have excercised to realize extra discounts when purchasing from a major development complex Investors can be pooled together so when the offer comes on the table, with the volume purchase, the sellers will be more excited to realize the multiple sale and open to reduced offer prices Another option is to include a friend on your investment This will allow for a sharing of the costs, sharing of the expenses, and of course dividing the revenue returns Such leveraging can be an alternative to borrowing money from the bank given the current financial situation in the markets These are several of various methods that can be used to save you money when buying Real Estate in Mexico
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 or through the company`s web site www.TOPmexicorealestate.com