All Forum Posts by: Terrence Ho

Welcome aboard Terrence!

Hello fellow Canuck,

I could help answer some of your Canadian questions but I'll leave it to fellow investors from Ontario, as they'll know better.

Regarding investing in Playa del Carmen / Tulum, I agree with @Bruno Demarco Quiroz's first two points. I'll add to it that you should be careful when using past rental income figures of existing properties as your future rental income could be significantly lower (especially for Tulum). I'm not a real estate agent so I'll won't comment on his points 3 and 4. Feel free to reach out if you want to get the perspective of a fellow Canadian who's been investing for several years there.

Best,

Hello Terrence,

I'm an independent and licensed real estate agent in Tulum, and I have been living here since 2017. I can certainly provide some insights regarding your last question

What are some things to be cautious of when buying properties here?

1. If your primary objective is investment, it's crucial to carefully analyze the ROI that developers or agents might offer you.
2. While there is an international airport under construction and a train project set to connect the entire peninsula, I remain skeptical about the projected growth in tourism that some people promise due to these developments.
3. It's advisable to consider investing in an available home, as the inventory is expanding, and there are opportunities worth exploring. Keep in mind that presales may appear enticing, but they often come with delays and other potential issues.
4. Have a buyer's agent, who possesses in-depth knowledge of the market and the area, working on your side.

I hope this information proves helpful to you.

Best regards,

Bruno