Real Estate Financing in Mexico
I have identified a condo in Ixtapa for $US 500,000. I can buy it outright but I'd prefer to finance a part of the purchase price, if the interest rate is reasonable. Is this possible? What are the steps to make it happen?
Real Estate Financing in Mexico
by Talley Ho 
, Playa la Ropa, Sunday, October 09, 2022, 13:42 (1493 days ago) @ robert thompson
After saying for years that financing wasn't available here, I stumbled across Two Expats Mexico. They have been very good for everything I have watched.
Check this one out, it may help you. https://www.youtube.com/watch?v=Rzf5PpTFaZk
Real Estate Financing in Mexico
If you are able buy the property outright, do that now then wait for sanity (lower rates) to return to lending markets. We haven’t seen rate increases this agggressive since the 70’s. If you can wait for 18-24 months the Fed will eventually reverse course once again to counteract the coming recession and rates will be much better. Besides there are no good places to invest money now unless you are good with playing the markets short. Considering the rate you would pay today will be north of 6-7% I’d wait this out. Enjoy you new condo in paradise.
Real Estate Financing in Mexico
Thank you nicatnit. I'm also wanting to research the Ixtapa/Zihua RE price sensitivity to the impending economic downturn in the U.S. I may be best advised to wait for a while to see how prices react.
Real Estate Financing in Mexico
by Talley Ho , Playa la Ropa, Monday, October 10, 2022, 12:58 (1492 days ago) @ robert thompson
We have watched property prices here for years, and continue to even after purchasing our home here over 5 years ago.
Our observations show that property prices rarely change here. Our best guess on that is that most properties are completely owned: no mortgages, no insurance, in fact other than property taxes, no costs at all. Vacant places generally have no utilities to pay, and the property taxes are often ignored and just deducted from the purchase price when sold. If the property is just sitting there, with no real costs, the price doesn't seem to change.
These are simply our observations. Everyone will have different ones.
Real Estate Financing in Mexico
by Padrino 
, Rosarito/Zihuatanejo, Monday, October 10, 2022, 13:50 (1492 days ago) @ nicatnit
Besides there are no good places to invest money now unless you are good with playing the markets short.
WARNING: If you don't know what nicatnit is referring to when he mentioned "playing the markets short," then don't even think about exploring this type of market transaction. Shorting, as it is called, is immensely dangerous. There is no theoretical limit to how much you can lose. Legendary investor Peter Lynch says to never use shorting. And if that doesn't stop you, consider this poor slob who lost over $130,000 overnight on his $30,000 brokerage account.
