How Much I Earned Renting My Condo in Puerto Vallarta

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Күн бұрын

Пікірлер: 22

@skeetpete6116 Жыл бұрын

Thanks for sharing this info, Gary. I've bought some land in Sayulita and am planning to build an AirBnB there. Your numbers correlate to the AirDNA data. Offseason occupancy seems low so just seems like you need to make those adjustments to bring it up. Still $17K for a 1BR that's totally passive is nice.

@jorgeisaacpulidogarcia465 Жыл бұрын

great video, thanks for sharing!

@tutnetam Жыл бұрын

Prices in 2019 before Covid there the lowest, in 2022-2023 prices are the highest; no guarantee prices won’t go down as in 2008

@Ry-pv3pu Жыл бұрын

$500k property with $17k return is a 3.5% cap rate?

@SirCarlosMusicBMI Жыл бұрын

Great content. Thank you for sharing Blessings, Carlos ✝️🙏❤️😊🇺🇸

@daveyny7711 Жыл бұрын

Thanks for the very informative video! My family was just there two weeks ago and looked at a few places for the purpose of an investment property as well as some part time personal use. However the idea of all the expenses, taxes, etc as a non-resident seemed so daunting we weren’t sure the ROI was really there (we heard we would be lucky to make 10% net). The location also makes a big difference, we were loooking around the D5 area.

@GaryShirkPV Жыл бұрын

Prices in my area (Zona Romantica) have appreciated quite a bit, so D5 is a good area to look. I also know of a new listing coming on the market soon in the Hotel Zone that looks like a good buy for investment. Growth on the Banderas Bay continues and there are still good deals available in upcoming areas

@user-ru7lg5kq3x 11 ай бұрын

Hi Gary, what a fantastic video! Thank you. What is required to become a member of AMPI? I am not a realtor, just someone looking to invest and looking for a good realestate research tool.

@GaryShirkPV 11 ай бұрын

I can provide you with a user account that will allow you to search the PV real estate MLS, so no need to join AMPI. Just send me your email address. (My phone/email are in the Description of the video)

@happyslave6783 Жыл бұрын

So if you were to buy this property today for 500k usd, the numbers wouldn't pencil at all, right?

@tutnetam Жыл бұрын

His rates are mostly $100/ night with empty Sept and rest of august….with that kind of investment you bear,y will cover your expenses

@belliott4844 5 ай бұрын

What management company do you use please?

@GaryShirkPV 5 ай бұрын

Lifestyle Property Management in Puerto Vallarta. They manage properties in the Romantic Zone, Hotel Zone and I believe Versalles

@PS_PS_PS_ Жыл бұрын

What if you are a US resident (do not have Mexican residency") who owns and rental property in Puerto Vallarta? What kind of US taxes are applicable to your rental income, if any?

@hunterfitch5951 Жыл бұрын

Income from foreign properties are taxed the same in the US as if the property was in the US. For a foreigner to 'purchase' property in Mexico along the coastline (something like 25 or 50 miles?) you have to setup a Mexican trust which is held by a Mexican bank. The trust is renewable in perpetuity.

@GaryShirkPV Жыл бұрын

It's best to discuss tax requirements of foreign property ownership in Mexico with both your US accountant and a Mexican accountant. I can provide Mexican accountant referrals who are fluent in English if you'd like discuss further

@Oilerrocker 10 ай бұрын

Great video Gary. I would like to do the same with my condo in Versailles,I’d like to use the same property management company as you have, do you have a contact email ? I unfortunately do not have a permanent residence card or tax ID number yet but something I have considered. Thanks

@GaryShirkPV 10 ай бұрын

Hi, I use a local company: Just google Lifestyle Property Management Puerto Vallarta. I'm pretty sure they are now offer services in Versalles. Another option is Samson Waters in PV. Good luck!

@Oilerrocker 10 ай бұрын

@@GaryShirkPV Thanks Gary .

@tutnetam Жыл бұрын

Airbnb is doing badly across the globe lately and it will go even worse

@KathleenClark-wj4uc Жыл бұрын

Why is that?

@Nightbird. Жыл бұрын

I don't know why anyone would want to live/stay in PV today. Overcrowded. Price increases on everything. Water shortages that are getting worse. Govt worker strikes. Increased crime & murder, especially towards the LGBT+ community. And the weather keeps getting warmer due to climate change. Seriously..the charm and good deals are dead in PV. 👎😕