Since you bought that first lot, the peso has declined significantly more compared to the USD so doing that again makes sense.While property prices have been going up strongly in Colombia due to the great economy, rising middle class and exploding tourism, prices are dropping for Americans because of the fall of the peso.Like everywhere, there are several ways to make money in the market.

Send me a message here or on FB - Jimmi McCard  Thanks for the Mention kind sir.To answer the posters concerns... yes, there are always good deals regardless of times or markets.Sure during disasters the lead flow will drop... for a day, week, a month,... but it goes back up fast.here are our leads this week...So try hard to never give in to mass hysteria.

My leads have definitely dropped noticeably.

Any prediction on how much prices may drop? 

Always personally interview the cleaning crew that will be cleaning your cabins &  make sure you stay on top of them even if you have to pay someone to drop by for inspections occasionally.

We were able to drop our mortgage + PMI from about $2800 to $2350/month just by refinancing 300k from 5 - 3.125% and dropping $100/mo of PMI.

If you put on submeters, if A runs water 24/7 and does his friend's laundry loads while B doesn't use a drop, you want to reward B with a lower bill and discourage A with a higher bill.

Most existing owners are baby boomers who will start to age out of the market and although Storage is easy, they will want to drop managing this. 

Meanwhile, their market has dropped 5%+, and is set to drop an additional 5% in the next 6 months! 

I have also had AD drop my value 200+% when I could justify