HOW TO MAKE MONEY INVESTING IN REAL ESTATE
One of the reasons people invest in real estate is to rent out the property or wait for its value to rise and then sell the property itself. One of the additional benefits is that the Riviera Maya is dollarized, that is, it is bought, rented and sold in dollars, and given that generally the changes in parity increase by more pesos per dollar, then without doing anything the profit per type of change also becomes an additional factor of great interest.
Below I list additional reasons why investing in real estate is extremely interesting:
1. Improve recall. In Mexico, unfortunately, we do not have a good retirement support system, and as such, the passive income generated by renting real estate becomes an important way of obtaining income.
2. Low interests granted by the bank for having your money deposited in it. The amount received via rent from a property will always be greater than that received for bank interest.
3. It is well known that in times of crisis the national currency becomes fragile, but by valuing property in dollars, this protects us from this negative effect.
4. Real estate is one of the least risky investment instruments, that is to say, this investment is more stable than doing it in shares on the Stock Market, buying/selling metals (gold, silver, etc). Unlike these, the value of a property does not change drastically but rather increases over time.
5. Presale prices can be taken advantage of. Investing in the pre-sale phase in a real estate development allows you to acquire a property between 20 and up to 50% lower than the value that said property will have when it is finished. Here it is important to acquire said property through a trusted real estate broker that guides you towards those trusted developments and that allow a greater appreciation between pre-sale and finished product.
6. It is not necessary to be a real estate expert, however, if you advise yourself with one that does not charge for its services since these are implicit in the sale price of the unit in question. This advice is important so as not to have legal or notarial problems at the time of closing.
In order to make a solid financial strategy when acquiring real estate, it is advisable to seek advice from an accredited real estate agent to make a safe, profitable choice and minimize risk. According to FORBES magazine "If a correct investment choice is made, the advantage is obtaining profits of up to 30% in an average period of 3 years."