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12 December 2024 | 49 replies
From talking to locals, there's a couple of issues than need to be addressed, some are the non-ecological practices that some of those developers have, unfortunately, our government profits from this investors and allows them to destroy manglers (which are the natural water purifying system of that area) dismantling hectares of mangroves and degraded the habitat of resident and migratory species burying animals alive.There's proof of fecal material floating beneath the city of Tulum, only 20% of the water is sent to the water treatment plant, there's no infrastructure for the exponential growth.The landfills in the middle of the jungle that is leaking hazardous pollutants into the freshwater system and that something that developers won't tell you.I love my country and it would be a disaster for everybody if this place ends up like some other great beaches around the world, that are completely ruined by greedy investors not following the rules.There's no urban or comprehensive master plan, and one of the risks is that Tulum will be like Playa del Carmen is today, overgrown and with environmental devastation.I will advise doing a lot of research before getting something in Tulum, different country, different rules, and practices.
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11 December 2024 | 13 replies
Let me steer you in the right direction.Imagine you buy a list with the address of vegans, that are also animal rights activists.Your company sells baby-cow burgers.
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15 December 2024 | 18 replies
Re 3X 6X not sure what you are speaking about.I was addressing reserve requirements which do not have anything to do with PITI
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4 December 2024 | 12 replies
Why are there security concerns?
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14 December 2024 | 42 replies
Oftentimes the "immediate and highest return" evaporates once you get into it and start dealing with various issues that weren't addressed upfront or due to location (harder to fix). 100% agree with you!
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17 December 2024 | 16 replies
Title changes or profit-sharing arrangements could raise concerns if they violate owner-occupancy or primary borrower rules.Financing in Your Name: Since the 203(k) loan will be in your name, you’ll be fully responsible for repayment.
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12 December 2024 | 6 replies
The tenants threw a party and neighbors called it in and now he is dealing with the City on how to address this.What we think should and shouldn't be enforceable isn't relevant.
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10 December 2024 | 9 replies
Quote from @Katharina Bormann: I address the importance of clear communication in my book.It's not enough to tell them what is wrong.
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10 December 2024 | 2 replies
My main concern is whether it's hard to meet their criteria for properties and secure funding.