I’ve got 7 properties and each month I generally add more money to each one.

I do have money for the down payment. 

It's a great way to increase your net worth and these loans can also be used to pull cash out of a property as it appreciates allowing you to reinvest money into new deals.Happy to connect to discuss further. 

Otherwise, you can get in too deep and lose a lot of money. 

Rent $1550/month (Projected) Used Avalon Capital's 100% purchase & 100% rehab hard money loan.

I believe that this is due to (finally) rising interest rates deflating asset values, which is highly correlated to the exponential increases in income for top earners like CEOs, executives, money managers, RE investors, and Private Equity Groups.To me, the only logical stance is "rational optimism" (I heard this term from Morgan Housel).

Anyway given the huge amount of supply coming up in the area, you can’t afford a bad location or « bad » property if you want to get rented on a sustainable basis in my humble opinion.I would only get something like that if I wanted to use the property for myself only and want to be on the middle of nowhere.Hope this helps and sorry if I involuntarily poop the party but, at the risk of repeating myself from previous posts you can’t expect to buy by anything in Tulum and make or not lose money.

They’ll probably make sure whoever you buy from is the actual seller too, and that you don’t wire your hard-earned money overseas to a scammer like a lot of people have done recently.

Should I save more money?

Every market will have strategies that are making money in one market but not in others.