Right now, we’re seeing a slight increase in inventory and some corrections in rents, which could create opportunities—but achieving solid cash flow on a condo can still be challenging.Getting pre-approved is a great first step to narrow down your options and focus on locations that make sense for your goals.

The process is very involved as you'll have to navigate pre-construction activities that involve architectural plans and approval from the city and then the construction activities (Shovel to soil) take anywhere from 5-9 months depending on how much your building. 

What I typically see investors do to get rolling is use a Heloc or cashout refi on an existing property to get the startup capital they need.

If you buy pre-existing, you'll still be looking at 400k or above.  

.- You close on December 10th- The property is in great shape and does not need any significant repairs- It only needs some paint touch-up and changing a couple of broken fixtures, which you do yourself- You spend the next week buying furniture, electronics and supplies and installing/arranging everything yourself- You also roll up your sleeves and scrub the toilets and sinks and appliances- You put it on AirBnB/VRBO and have your first guest renting it for the 3 days of Christmas- You second guest rents it for the following weekend and leaves before NYE- You personally clean and restock the place between these two guestsCongrats!

In the limited instances where I do collect a fee on the purchase I often roll it into the deal and take price reduction.

I need someone to take a look at what I have, where I am, and what I need to do to get this stationary ball rolling again.Ultimately, I'd love to have an investor who can mentor me, I can learn from, and guide me in my journey since I seem to need help keeping momentum going. 

Many people did that during the pandemic and most buyers in Tulum buy pre-construction.

I’ve personally helped folks navigate 1031 exchanges in Phoenix, rolling their gains from one property into something bigger and more strategically placed.

I’m losing hope of this settling out pre-litigation.