I thought all 30 year mortgages require only 12 months occupancy.It seems to be a lose-lose since the lender loses the interest on an otherwise good loan if it had to be sold, and they gain nothing.  

Also, logically speaking, for whoever the owner/developer of the project is, they have much more risk involved and should deservedly be the ones with the profit to gain. 

BP does not recommend investmentsPS: I recommend searching BP to see if anything as well as head over to passive pockets to see if any discussions there as well.

However, the market is currently crowded with cookie-cutter apartments, creating a lot of internal competition and pushing rental rates down.For short-term gains, I’d avoid preconstruction projects unless backed by bridge loans or completion guarantees, as many developers in Tulum have failed to deliver.

If you succeed in a big way, you will gain some friends and admirers. ( you’ll even have more friends if you pay for all the events, trips, and dinners.

SFD vs condo vs 2-4 unit, hold vs flip, turnkey vs rehab, passive vs active...it really comes down to each individual property/opportunity, what your goals with the property are, and if the numbers make sense or not.Best of luck!

Maybe if you can prove that you are actively trying to gain compliance, that will get you the much needed time to gather $, time to pull the permit and ppl to perform the work bc they will have a bit of mercy on you bc you are trying to do the right thing. 

The MLS price is always higher than the auction price because the auction price is first bid and there is a reserve in place.Online auctions are notorious for ghost bidding to get the price up which is why you see them come back online again and again.What do you think you are gaining by "using" Auction.com?

What does he consider a substantial down payment and does he know that he has to pay capital gains on that down payment instead of just on the payments?

Contact me if you’d like to earn passive income or are in the business and are looking to collaborate on any projects.