Uncomfortable truths about buying a condo in Mexico | BEST deals for $150,000
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- เผยแพร่เมื่อ 16 ก.ค. 2024
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DISCLAIMER: This video is for entertainment purposes only. Please ensure to speak with your real estate professional and lawyer prior to making a decision on purchasing real estate. Developer's prices are always subject to change and prices mentioned in the video are approximate at the time of filming the video.
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Today, we are discussing the uncomfortable truths about buying investment property in Puerto Vallarta, Mexico. Additionally, we will be examining two properties currently listed for under $150,000 USD, located fairly close to the beach.
Time codes
00:00 In this video
00:45 Uncomfortable Truth #1
01:55 Uncomfortable Truth #2
02:19 Check out My Free Master Class
03:43 Uncomfortable Truth #3
04:35 Let's check the properites
05:19 Properties #1
05:53 Properties #2
06:34 How to find trusted realtors or lawyers
✔️Larissa Sokla's channel for tips on moving to Puerto Vallarta, Mexico:
/ @larissasokla
📌My other videos:
BEST priced condos in Puerto Vallarta in June 2023
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Brand New Condo in one of the Best Areas in PV | Versalles walk through
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Versalles Neighbourhood tour | Comparing 2 Developments
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Hola!
Was in P.V and Bucerías last month getting my residence card! 🇲🇽
I found great properties to buy or rent just walking the neighborhoods. Another thing I did was hire a taxi driver and asked him if he knew of any properties, in the neighborhoods I was interested in, trust me when I say, "they know what's out there", they drive the streets every day!
I was looking specifically for a small home or vacate lot to build on.
A studio investment condo is in my future consideration.
I would be interested in your live vlog!
Thanks for the comment and yes, boots on the ground is key in this market!
Thank you Elena…you are awesome 😍👍
Thank you 😃
Another great video. Boots on the ground. For sure, I will be joining the live you tube video. Great idea
Thank you my friend!
Absolutely, do more videos like this. Affordable housing in PV better than Vancouver prices.... its Shocking what the government is doing to Canadian citizens
Looking good, Elena. The "livestream" idea, is great. ;-) I'm not surprised that there is no longer much listed there for under $150k. At least down there you don't have the "artificial" market to contend with, like all the "shadow inventory" here in the US, etc. (i.e. Millions of units are sitting "unoccupied..." or with no NOD/ Lis Pendens being 'filed,' yet again... to maintain the "artificial scarcity," that's oddly still "propping things UP" in most places here, at least until all that "overbuilt housing stock" and failed STR inventory 'slams' the market here, soon!) I don't know who is still "buying" north of Mexico, at 8%... but I can now "wrap" a +/- 3% loan(s) and get 10- 30% down, or lease option with 2.5- 10% down for speculations... so no complaints! ;-)
Yes! Thank you Scott! Long time no chat 🤗
Awe, thank you for remembering me, by name. And 🤗 back at' cha. Hope to meet you' all if I ever make it down there. (Still 'recovering' from the auto accident... and dealing with family concerns, whilst planning and building the 2024- '30 online model/s... and pondering "Trust" concerns, etc.) Looks like the RE there is going parabolic... until the "exit doors" close del Norte, and perhaps the "flight of capital slash border jumpers," lessen?! (Or perhaps not anytime, soon? And then there's also, the Intl. scene...)
It should remain a "roller coaster upward" climb down south however, for the foreseeable future... eh? I sent you an interesting "macroeconomic" opinion video linked... if you didn't, notice? It will also be interesting to SEE if they keep the U$D 'afloat,' and precious metals, etc. at bay... in the wake of CBDCs and the BRICS alliances and 'diversification' away from the (US) "dollar??"
BTW, I also just received Andrew's "Nomad Capitalist" book today, so it will be interesting to SEE if he truly understands "Trusts," or divulges that, to the reader? (I suspect NOT unless one pays him at least $25k., as that IS the KEY... to building one's own castle... or at least "fortress" against say DC, the City of London Temple BAR "legalese..." and Roman LAW: "of, the land." i.e. Common Law, Business and/ or Statutory trusts...)
Can you show us what the conversion would be from US cost to Canadian cost when you show a condo in PV..🇨🇦
Looking to purchase a condo in Playa del Carmen. There are a lot of 2 BR condos for under $2,000,000 pesos around 10-15 minutes from the beach. The Canadian lawyers with MexLaw located in Playa del Carmen are experts in the field. Hoping to visit soon and start the process.
Good luck!
Is there anything similar in your area? The advantage of the Pacific coast is that I can drive from Canada.@@ElenaNevza
We'll hopefully be closing on our condo in January, a September live q&a would be great timing!
Wonderful! Thank you for the comment.
Great video! My opinion to get the best bang for your $$ is to buy presale still some great condos to be found. Make sure to budget for furniture, utilities, and taxes, Fedeicomisario and lawyers fees. We just completed our sale and we’re shocked at how much money we had to shell out.
We did all our paperwork in April and just got the deed for the property in July, things move at a different pace down there. Would we do it again Absolutely PV is the Gem of Mexico and it ain’t cheap to own a piece of paradise.
Absolutely agree! Congrats on your purchase and thank you for watching.
Elena you are about the only real estate channel I watch for PV. So many scammers and disinformation out here
Thank you 🤗
My comment owning a condo in PV 2008 to 2018. I bought it at 10:1 exchange rate sold it at 18:1. You owe capital gains tax in Mexico for the gain in Pesos not usd. I miss and love PV. I wish now I wouldn't have sold it! good Luck to all! Chuck
Thank you Chuck!
Banamex stole my condo screw those trusts
Sorry this happened to you. This is exactly why we need to do due diligence I teach in EVERY Video!