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Updated about 2 years ago on . Most recent reply
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Lender needed for investment projects in Tulum, Mexico
We own three properties in Tulum, Mexico and would like to expand our investments there, but are having a very hard time finding funding. My husband and I have temporary residency in Mexico, and our rentals are all owned inside a Mexican corporation (S DE RL DE CV). We have LLCs in the US so can use a lender here if they're willing to lend for a project in Tulum, Mexico, but would also love to connect with Mexican lenders to establish a relationship. Currently we have two projects we need to quickly find funding for- 1 is a beach resort we intend to convert into luxury STR and the other is a multi-use building in town w/ STR units and commercial retail space. Do you have any ideas for who we could contact that would be willing to work with us? I would really appreciate any help you can provide. We would prefer debt financing as we plan to hold the resort long-term, but are open to other arrangements too.
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I'm wondering if you got my point but, nevertheless, I'm out of this discussion. Indeed, this reminded me of a very fruitful exchange I had with the BiggerPockets forum coordinator a while ago and I learned something great from her.
What I concluded was that, once a conversation becomes about who is right or wrong, it's time to leave, especially if the conversation doesn't help anybody. While we cannot control what others write about us or what they say about what we write, we can still decide how to respond or, oftentimes better, not respond at all.
Also, I was reminded to never underestimate the intelligence of the people on the BiggerPockets forum. Readers can draw their conclusions from what is written and we, as writers, don't need to constantly defend what we write.
I already feel I overstayed my welcome in this conversation but it's never too late to leave. I made my point in my initial response as I thought it'd be helpful. Readers can make their own opinion about it. If they think what I wrote makes sense, they can always send me a DM to pursue to conversation.