10 November 2024 | 19 replies
You can't compete against the all-inclusives unless you offer complimentary food and booze or you're cheap, as you seem to be confirming.This being said:1) Properties in Mexico/Cancun trade in USD so you have no foreign exchange risk in Mexico while properties in Colombia are traded in COP, the Colombian peso, which has been tanking over the years, eliminating any hope for capital gains for American investors.2) You can get a mortgage in Mexico but you can't in Colombia so even with lower revenue, Cancun would likely still be more profitable, even if you don't take capital gains into account.3) The political risk is much higher in Colombia, especially at this present time.Is Cartagena a bad investment?
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13 November 2024 | 13 replies
OrchardOrchard allows you to exchange the current equity in your home for the purchase of a new home, and then selling your old home after the purchase.
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9 November 2024 | 10 replies
I exchanged information with them and would stop by their projects for the next month to see their progress.
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1 November 2024 | 5 replies
Am I able to 1031 exchange any of the money (the 20% down payment?)
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5 November 2024 | 28 replies
This is particularly useful if you find a lower-cost property that needs some updates to attract high-quality tenants.Reverse Exchanges and Parking Arrangements: If you spot a great investment opportunity before selling your current property, consider using a reverse exchange.
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30 October 2024 | 4 replies
Starting my 1st 1031 exchange and contacted a local company that had posted on BP several times.
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7 November 2024 | 2 replies
I’m currently selling an asset in another state and completing my first 1031 exchange.
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7 November 2024 | 13 replies
Hoping To exchange some connection and also business together.
4 November 2024 | 4 replies
You can’t use 1031 exchange funds to pay off existing debt so a 1031 doesn’t really solve your problem.
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7 November 2024 | 10 replies
Find them a deal and instead of paying you a fee, partner up with them and they will teach you their process in exchange.