Newbie Flipper living in Tulum Mexico

[Fernando Duque]

Hi all!

I recently moved to Tulum, Mexico and I am interested in exploring the house flipping market in this town, which has shown tremendous growth in the past few years.

I have experience as a short term rental vacation property manager in Boston, MA where I got my MBA. I have successfully leased over 25 apartment units and I have given great returns to my investors.

Regulations have been tightening up all across the US in the short term rental business which has affected my company. Now, we are looking for new opportunities outside of the US, as mentioned before, in Tulum, Mexico.

I want to take it one step further and start owning our properties. I think flipping is a good way to start and take our business to the next level.

I found the BP podcast and I am a regular listener, and I think I can learn a lot from all of you!

I would like to know if anyone has any experience flipping houses in the Mexican market.

Thank you all!

Fernando Duque

[Mike Lambert]

@Nicholas Simeone I'm sorry for your friends. Investing in real estate in the Riviera Maya is one of the best investment you can make at the moment and it must be frustrating to them that they haven't been able to get in yet while prices keep rising. Buying in Mexico is actually pretty straightforward if you know the right people. I'm buying multiple properties in Playa del Carmen and Tulum with investors and I've never had any problems. My situation is a bit different though because we buy pre-construction condos from the developers at a big discount to the launch prices and we get financing from the developer at a great rate. Only a few people like me have access to this kind of deals, which is why I investors are investing with me. However, even if, like most investors, you don't have access to those deals, I still think it's better to invest in pre-construction properties and pay full price than buying existing properties, especially in the Riviera Maya. BiggerPockets is all about helping and supporting each other so I'm happy to help your friends. So, feel free to contact me or have them contact me.