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27 January 2025 | 14 replies
If managing it yourself feels unsustainable in the long run, hiring a good property manager could give you more peace of mind.Since a 1031 exchange or like-kind replacement doesn’t seem to be a good fit for your current situation, you could consider a HELOC if you need to tap into the equity for other investments without selling the property, although rates are high so this would eat up your cash flow.
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30 January 2025 | 56 replies
Cost Advantage: Property prices in Mexico can be 40%-50% lower than comparable investments in the U.S. or Canada.High Occupancy Rates: The average rental occupancy rate in Tulum is 70%-80%, driven by year-round tourism.Economic Stability: Mexico's economy grew 3.1% in 2023, with a robust real estate sector supported by foreign investment.Infrastructure Investments: Developments like the Maya Train and new airports enhance connectivity, boosting property value.Feel free to reach out if you'd like more information on how to invest in Mexico, benefits and insights in general!
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18 January 2025 | 11 replies
This was last year and shows the balance to be about $8000 What kind of debt is it?
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31 December 2024 | 14 replies
Perhaps this post is kind of droll.
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12 January 2025 | 13 replies
Alternatively, your sibling might use a 1031 exchange to defer taxes by reinvesting in like-kind properties, though this doesn't directly fund a primary residence.Other ideas include leveraging a HELOC on the rental properties for the down payment, taking out a 401(k) loan, structuring an owner-financed agreement, or a lease-to-own arrangement.
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13 January 2025 | 1 reply
I always look at the exit strategy for the property to determine which kind of Creative Finance I would use.
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6 February 2025 | 30 replies
Would you be so kind to share please?
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27 January 2025 | 65 replies
Google it on the BBB to read for yourself.Did you not get any leads or did you not get the kind of leads you was anticipating?
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5 February 2025 | 38 replies
Quote from @Jay Hinrichs: Quote from @Engelo Rumora: @David KanarekI don't think I have ever seen better investigative research than this.Hat's off to you and sorry for your troubles and everyone else's.Please don't investigate me haha Engelo as someone that has taken this kind of abuse on BP and SM and lived to fight another day I think you understand better than most investors mind set and how they feel or attack if their deal does not go right.
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15 January 2025 | 8 replies
Plenty of people are happy they took those kinds of risks.