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Updated over 4 years ago on . Most recent reply
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Appreciation vs. Cash Flow on pre construction Condos
I'm on a huge dilema; i bought a pre construction condo on Guadalajara (where i live) since our mortgage interest rate are above 10% i loved the idea to own a condo while paying cash but differed thru 18 months (2 million pesos; aprox 100 000 dollars) it was a great deal; it went up aprox 60% 18 months after getting my keys and got out nice 7 - 8% return by airbnb (after tax and after host fees; i don't do much). But since 7% is not 30% i don't know if i'm getting greedy and i'm looking to sell my condo, cash my chips and but another two pre construction units looking for returns over 20% anually. I'd love to read your opinions. My goal is to be financial independent only for the freedom of my time, i'm not looking to quit my job, i love it just as it is, i'm 35 and i see my self doing the same thing at 95, but i want to have options. By buying and holding i might not have the amazing returns but i guess i can get more stability, less risk and more time to analize my next purcharse. Thanks a lot for the feedback!