Looking For A Vacation Home In Mexico That Pays You To Take Holidays?

Looking For A Vacation Home In Mexico That Pays You To Take Holidays?

Even While You Stay There For Free 4 Weeks A Year?

Let’s Find One Today That Costs Less Than Most Peoples Cars

happy couples on the beach with sunset in Mexico

 

Updated 2021: Are you tired of a long cold northern winters? Does buying a vacation home in Mexico to enjoy fun in the sun vacations interest you?

Vacation home in Mexico offer a lot of advantages for a vacation property, second home or an Airbnb rental.  Temperate climate, tranquil white beaches, turquoise blue ocean water and plenty of bright blue sunny days. Added bonus, foreigners can own property here and are great value when you factor in the Peso exchange rate.

Mexico is a large country and offers a huge variety of landscapes including beaches,  snow capped mountains,  mystic deserts, rain forests and lush tropical  jungle. With this diversity also comes a large variety of new and used vacation homes. Antique Spanish colonial homes, beach side villas and condos,  luxury mansions on a cliff and everything in between. Even possible to buy a small coffee plantation in the Yucatán for a vacation home.

Golden opportunities like this still exist if you know where to look and have a good communication with a local real estate agent. It’s also important that you understand the five pillars of foreign real estate investing before purchasing a vacation home in Mexico.

Here is the thing though, you want to have a great vacation property where you can relax and have a great time with your family and friends, year after year.

Selecting the right Mexico vacation property now can be more than great vacations for you… but another golden nest egg for your family and your future retirement.

Too many people are not making the right choices when purchasing a vacation home because they don’t know the 5 rules to profitable vacation property investment.

The reality is that purchasing a vacation home in Mexico has a whole different set of rules and expectations that most investors are not even aware of.

Fortunately, there are some basic ground rules you need to follow and if completed in the right order you to can enjoy your future vacation home for many years to come.

And the best part?

I am going to outline these five basic investment rules on how to not only find a great vacation home but find one that pays you while you stay there for a bonus cherry on top.

Continue reading below to learn how……….

“Discover The 5 Rules To Vacation Property Investing: Get access to the closely guarded secrets to make vacation property investing enjoyable and profitable. Added Bonus of vacation properties not yet on tourist radars that can still be “scooped up cheap”.

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Learn The Pivot Approach To Vacation Home Investing That Pays You To Take Vacations

So you are probably wondering why would you want to listen to me? Im just some random dude on the internet.

I still remember when I first started out to buy my first vacation home. I was a real estate investing newbie and I made a lot of mistakes. All of my real estate investing mistakes cost me a lot of money and time.

I was naïve and believed because I was an entrepreneur with a good knowledge of home inspection and submitting my own accounting that I was capable of buying a profitable foreign vacation home.

I thought I had all the knowledge I needed to know about investing in a vacation home in Mexico.

Long story short, my first vacation that I bought in Mexico was a flop. I did not spend near enough time researching the homes location or profit potential. Between low occupancy rates and paying a really high foreigners tax and a bad infestation of termites, I flat out lost money.

Losing money never feels good and I never did have fun with my Mexican vacations there.

All I can say is the the local real estate agent and a good Mexican lawyer were the only people who made a decent profit on that vacation home in Mexico.

I knew there had to be a good vacation home investment somewhere and I was determined find away to turn my hard loss into a profit.

After endless hours of reading  and researching Mexican investments, Facebook real estate groups and many real estate forums I kept trying to find the clues to purchasing the perfect vacation property. And I was no closer to finding a vacation retreat where I could relax and enjoy my vacation time with my family and friends.

Searching and locating profitable vacation homes takes a lot of hard work, valuable time and various technical skills.

Here is a partial list of some of the things I researched and learned how to do:

  • Find Best Locations For A Vacation Home In Mexico
  • Airbnb Super Host Vacation Homes
  • VRBO
  • Vacation Home Sharing
  • Opening Foreign Bank Accounts
  • Vacation HomeProperty Management
  • Foreigner Taxes on– Property, Rental and Capital Gains
  • Mexico Vacation Home Prices
  • Double Tax Treaty
  • Mexican Visa
  • Vacation Home Security
  • Currency Risks
  • Property Management

I did not leave any stone unturned in my quest for a vacation home in Mexico.

What happened next you ask?

I purchased my next vacation property where there are plenty of fun things to do, has fantastic weather, delicious local cuisine, profitable, safe to live, and my investment is protected.

With the purchase of my second vacation home in Mexico I had more experience on how to make the buying experience better and select a better property.

This is when I started my list of five things you need to know before you buy a vacation home in Mexico.

After many years of buying vacation homes in Mexico and using this basic investing criteria I have learned that missing even one step can affect whether your vacation home will be profitable or not.

What Are The Five Investing Rules You Need To Know Before Purchasing A Profitable Vacation Home In Mexico?

sea view from Puerto Vallarta villa

Location, Location, Location, Location

Everybody wants a holiday home where the weather is fantastic and there is lots of fun and interesting things to do.

Locating “off of the radar” holiday home destinations keeps your purchase price  low and your occupancy rate high.

Locating The Best ROI

Here is an old cliche: There is more money made in buying than there is in selling.” 

If the purchase price of your new vacation home is too high it can take too long to pay itself back.

Comparing the prices of vacation homes nearby to you can help you determine what your ROI will be and any possible profit potential.

Property Management Evaluation

A good property management team could be the difference between your vacation home being occupied or sitting empty? Look for a management team to keep your guest happy and gets you many multiple five star reviews online. Almost all vacation home bookings are based on online reviews.

As you are aware online reviews can make or break your holiday vacation home occupancy rates. Keep this in mind when you select your next property management company.

Be Aware Of Foreign Taxes

Mexico has different tax rates for foreigners and their rental income, capital gains, and property taxes.

Knowing how to structure your rental income taxes can mean the difference between being profitable or taking a “loss”.

Quality Construction & Design

Have you ever booked a holiday home or an Airbnb online? Did you rent something unique or something that look very similar to the rest of the vacation homes available?

Knowing which room designs and features tourists desire the most can help you generate higher occupancy rates and ROI.

These are the five things you need to be most aware of when buying vacation home in Mexico. But there are some other things you need to consider as well.

Other Buying Considerations

Locating vacation homes that meet 3 or 4 of the above investment requirements are pretty simple to locate.

Perform a quick search on Google of vacation homes for sale in Mexico and the search results are littered with sun-drenched vacation paradises with excellent returns with ZERO EFFORT.

Locating a vacation home that meets all five of the above investment requirements is a little harder to find.

Nowadays when I invite my family and friends to my Mexican vacation home they always ask me how do I manage to locate all the best vacation retreats?

My response to that question is is that I have been using and refining an investment process over the years with five steps to buying a vacation home.

Lower Your Risk And Increase Your Odds

They always laugh and respond by saying “I’m just lucky and nobody else can find a great vacation home that makes a good ROI like I can”

But I am not the only one enjoying my vacation home and making a good profit. I have shown this process to other holiday home investors and they have went on to purchase great Mexican vacation homes as well.

Here are some screenshots of my admin accounts showing some of my recent investors and my occupancy rates and net profits.

Duplicating these investing results is not easy however and if anyone informs you otherwise they are not experienced enough in the Mexican vacation home market.

Getting good results like this is not about luck or a one-off chance. This five step process is repeatable either for first time and/or veteran vacation home investors assuming you follow the five investment steps above.

fun in the sun vacation properties

Vacation Home Investing Veterans Are Using These Investment Steps

I have invested in vacation homes around Mexico but the homes I purchased once I knew the rules presented by Pivot Media took my vacation investments to the next level.” Lee C

Location, Location, Location, Location

Yes I know you’re tired of hearing you four words, but it’s important!

Knowing what kind of holidays you like is very important. Do you love the peace and quiet of a tropical spring, or the vibe and bustle of a sandy beach, or maybe just a great view of the sea?

Knowing this before hand will help you select the proper location for you home in Mexico. Mexico is a huge country with huge geographical differences. Majestic mountains, white sandy beaches, lush tropical rain forests, mystical deserts, and great views of the Caribbean Sea and Pacific Ocean are all possible.

You also need to find a location that is not over-developed and have the over-inflated prices to go along with it.

But to make your vacation home really exciting you need fun things to do, have a great climate, be safe, and be a good tourist destination.

What locations make this list? Cancun? Los Cabos? Meridia? Acapulco? Mexico City? Mazatlan?

All these locations in Mexico are a good place to have a vacation home but all of them are missing one or two of the required criteria to be considered a great vacation home location.

Your Vacation Home Should Make You Money While You Sleep

What should you expect to pay for a good vacation home in Mexico?

Prices for a vacation homes are as wide and varied as Mexico is.

Metric is the measurement system used in Mexico and will require some conversion from metric to standard for investors who live in the USA.

Converting meters squared (m2) to square feet (sqft) you multiply by 11 and you will get the approximate size of the property.

Example 50 m2 x 11 = 550 sqft

Opportunities exist in Mexico to buy good vacation homes under $1000 m2.

Lower and higher prices exist but they usually don’t meet the other five requirements of  vacation home investing.

Vacation Property Management Seals The Deal

If you are not planning on living in Mexico where your vacation home is located, you will need a reliable property management team.

Excellent property management companies will look after your vacation property like it’s their own and produce reliable income and  five star reviews to keep earning a high ROI .

Airport shuttles, friendly reception, clean rooms, comfy mattresses, luxurious showers, welcome packages, arriving on time, and attention to details will generate plenty of 5-star reviews.

Something often overlooked is transparency. Request real-time access to the admin area of the property management team so you can track check-ins, utility payments and distribution of rental income.

Securing a professional property management team can also act as your local business connection to your community. They already speak Spanish and English and are used to local customs that are normal in Mexico.

And this is important in case you ever have any issues with your new vacation home.

Cut The Taxes

Lots of vacation home locations have many tourist attractions to make your vacation there a enjoyable one.

But so do their tax assessments and not in a positive way.

Giving your hard-earned rental income and capital gains to a greedy or corrupt foreign government is another way to cut into your returns and your enjoyment of staying there.

Mexico’s tax rate is 30% and is quite high for emerging economies. Do your research first and pay less in taxes.

Quality Vacation Home Construction Is Not Standard

There are quality building contractors around Mexico that build good quality vacation properties.

Unfortunately,  There are some that don’t.

Ask what construction codes were used when the home was built and that they  meet all local building requirements.

Some building contractors do not follow building requirements so it's buyer beware. Look for a home building contractors with a long history of doing reliable and quality construction work.

Mexico’s home building requirements and standards are different then what you are used to in your home country.

Attractive design and useful features that tourists require should also be something you require in your new vacation home.

Somethings on the list should be; comfortable mattresses, spa-like bathrooms with rain fall showers ,good balcony view and layout, and a design that is attractive and comfortable.

“Discover The 5 Rules To Vacation Property Investing: Get access to the closely guarded secrets to make vacation property investing enjoyable and profitable. Added Bonus of vacation properties not yet on tourist radars that can still be “scooped up cheap”.

So Now The Choice Is Yours:

Do You Want To Locate And Enjoy The Perfect Vacation Home In Mexico?

Or Do You Want To Hope You Find A Four Leaf  Clover and Hope You Stumble Into Your Dream Vacation Home?

Applying these five rules separates you from the other 97% of vacation home investors and sets you up to succeed faster.

Do you see the importance of applying all five elements of vacation home investing now?

My hope is you understand everything I outlined so far?

If not? be sure to send your email in the form below to get the detailed answers you want from my next article about the best vacation home locations delivered directly to your inbox.

Be sure to watch the exclusive content in the video I have created to explain all the investment details better and share some of my favorite investment locations in Mexico.

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