We bought a house in Playa del Carmen, Mexico!

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We bought a house in Playa del Carmen, Mexico!

Рет қаралды 40,993

Күн бұрын

My realtor Luigi and I bought a house together in Playa del Carmen. We show the house, explain why we bought it, and the ROI we expect from it. Such deals are extremely hard to find and are not fully representative of the market.
🇲🇽 More information on Luigi's services: thewanderingin...
🇲🇽 Full analysis of the real estate investment market in Playa del Carmen, including which neighbourhoods to focus on: thewanderingin...
00:00 Introduction
00:45 Why invest in Playa del Carmen?
02:30 Investment house viewing in Playa del Carmen
06:00 Renovation costs in Playa del Carmen
06:45 ROI figures and cap rate for house in Playa del Carmen
14:20 Adding a floor to a building in Playa del Carmen
🇲🇽 Tulum real estate market analysis: thewanderingin...
🇲🇽 6 reasons against investing in Cancun: thewanderingin...
🇲🇽 Playlist on Mexico: • Investing and Living i...
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No part whatsoever of the discussion and presentation is, or should be considered as, investment advice, financial advice, legal advice, or tax advice. Always do proper due diligence and speak to a qualified professional advisor in your jurisdiction. Also, be advised that Ladislas Maurice and The Wandering Investor staff may own real estate or investments in the specific markets or opportunities that are discussed. The Wandering Investor may also have marketing agreements in place with certain opportunities that are mentioned.

Пікірлер: 115

@williamdunn1000 5 ай бұрын

awesome! Would be awesome to see a video of it after renovation

@GoTocco 4 ай бұрын

Welcome to Playa. I moved here 20 years ago and love it. Viva Mexico!!!

@profi1917 4 ай бұрын

Isn’t it everything runs by cartel over there everything so corrupted

@andrescv2665 5 ай бұрын

250k for a house in Playa del Carmen is not bad. The return is good also, because in 10 years that property will be more expensive. The best is that you own the land, in the future you can make a modern building/house.

@alexorehowski3387 2 ай бұрын

It can go both ways. If IS economy slows Mexico will be hit hard. Just like during first year of Covid.

@mischasepp 6 күн бұрын

You cant own the land 15km from.sea or something..so you buy a fatamorgana..when the condo go bankrubt the land goes to the bank or go ernment and you own nada..but if you get 10% roi hopefully in 10 years nothing happen and you ha e kind of your money back

@jgm3620 5 ай бұрын

Great deal and great project. Thank you for sharing all your numbers and for the visit

@adventurefreaksss 4 ай бұрын

Good work on this video fellas. Playa del Carmen is a wonderful place!!

@troycopeland2170 4 ай бұрын

you guys are making me want to move the Playa now...great info!! thanks for sharing!1

@NNNjeri Ай бұрын

I am soo happy to have come across your channel, I can´t wait to see the apartments after being renovated.

@user-rw311 4 ай бұрын

No matter how good you think you know each other its always best to buy alone. I wouldn't ever want a partner no way because things always go sour in the end. Business is a cut throat world.

@garrettmgunderson 5 ай бұрын

I was recommended your channel a few days ago, I've watched quite a few videos since. I own some rentals in the US, and LOVE your videos, thanks for making them! The video quality is high and more importantly it is chalk full of content. Your analytical style and thesis about keeping in good areas, liquid markets and price points, makes achieving your goals a lot more likely thank failing or losing capital. Do you have any advice for someone who is interested in this kind of thing but has a family? Traveling a lot is difficult with little ones.

@TheWanderingInvestor 5 ай бұрын

Thank you Garrett. Glad you find the channel valuable for your research. As for the family, it’s just a matter of will. I travel a lot with my family. Your other half needs to be 100% aligned.

@realsamuelhawley 5 ай бұрын

Congrats on a great deal, Ladislas! Very tempting!

@TheWanderingInvestor 5 ай бұрын

Thank you Samuel

@TK-ne2yo 5 ай бұрын

Good shit bro. We met at Bar Loco in playa a few months back. Keep it up.

@TheWanderingInvestor 5 ай бұрын

I told you man, that was not me 😉😅

@TK-ne2yo 5 ай бұрын

@@TheWanderingInvestor haha!!

@user-wv8zz1iv5v 5 ай бұрын

How many parties…;)Nice place really, very good deal, hope everything will go well. Brave you are 😊. Bravo! Thanks for sharing.

@sherricobus-exprealtybrokerage 5 ай бұрын

Very exciting! Congratulations! So you know, you have to show the final product, right?! ;)

@TheWanderingInvestor 5 ай бұрын

😉

@AntonioR596 4 ай бұрын

It is good for foreign people coming to Mexico en make that kind of investment which affect the local people. It is something and hope soon the goverment can control and those properties do not become expensive for locals. We are waiting for mexican lawmakers to fix thaf and hope soon.

@123sup39 5 ай бұрын

Great deal I'm very happy for you.

@inspirehardware 13 күн бұрын

great project, and love the cat!!! You guys better keep him....

@pinschrunner 2 ай бұрын

$210,000 plus all those renovations for only $550/month rent per unit collected?😮

@kacperorlik6355 5 ай бұрын

Great insight as always!

@user-rw311 4 ай бұрын

Whats nice is that you have a home Depot down the road. Obviously you guys dont need advice but i would definitely rent two of those units on Airbnb or on booking. You could easily get 50$ a night or more if you really make them nice

@hanslueschen5190 4 ай бұрын

Very thought provoking video, thank you. Can you tell me about La Selva area between Calle 38, Calle 88 and La Quinta? Is it possible that it will be preserved or will it be eventually developed? Thank you.

@LooseSmile 4 ай бұрын

Great investment. I do believe prices there are going to go up in the upcoming years. Nice...

@RobertIsaacson-hi9sz Ай бұрын

You convinced us. We been checking it out. We need to get out of Todo Santos.way to expensive here. And we're out of water.

@TheWanderingInvestor Ай бұрын

@@RobertIsaacson-hi9sz nice. Feel free to get in touch with Luigi, he can help: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-buyers-agent-in-tulum-and-playa-del-carmen-mexico/

@b4bmm 5 ай бұрын

That looks like a really good buy. Can set up a coconut stand for some extra yield!! :)

@sages101 2 ай бұрын

I don't like coconuts..

@ColtonMetal 5 ай бұрын

cant wait for a follow up vid

@erdemulubas 2 ай бұрын

I’ve been to playa del carmen in 2020. This is a great purchase! But I don’t think that you can get away with $32k for reno 😅

@tiborveres6811 5 ай бұрын

Awesome. You had another property bought there.🎉

@MrMC-xg8qp 4 ай бұрын

This is a good deal. How far down 5th are you? After passing Calle 50 it gets sketchy. They're building a lot but you must make sure no one is building in front of you which obstructs the view.

@andrewthacker114 4 ай бұрын

Sounds like a good potential property

@ednaakrish3581 4 ай бұрын

Sorry… not impressed… lots of “if” and “maybe” - No view what so ever…For $ 260,000 - you can still get a nice 1 large or two bdrms condo in FL - by the beach and/or intercostal - and easily get $3,000+ a month - year round - because resorts and hotels in the area charge $500+ per night - and are booked to full capacity! Even After your HOA and taxes you still have a nice return - on one unit! Best part: because it is actually BY the water - value grows by very high % - every year!! Stay local - find a bargain - still out there 👍 You two - good luck - Please come back in a year or so… prove me wrong…😏🙋‍♀️

@DashingMax 5 ай бұрын

Pretty good deal 👍

@DonManuel69 4 ай бұрын

So do you think investment in Colosio is as good as in Tulum? for sure this lot as more potential than a pre-sale 1bdr in Colosio. Nice find!

@henryl1572 4 ай бұрын

Seems like a fun place to live for 550 bucks a month, especially if you work online. I wonder what the rate of return will be after all the cost and stuff like that.

@dovygoodguy1296 5 ай бұрын

Gosh, i hope Lad has a good staff to manage his worldwide activities. One person could never successfully handle all of this great stuff that Lad portrays in his great videos.

@TheWanderingInvestor 5 ай бұрын

Good property managers are the key 👍

@dovygoodguy1296 5 ай бұрын

@@TheWanderingInvestor Sure, including all the additional bureaucratic documentary stuff, etc. for business needs worldwide.

@ChrisVillat 5 ай бұрын

Nice investment :)

@nenameza2982 4 ай бұрын

I am a Mexican and I admire your courage for buying a house in Mexico 🇲🇽. I have to be completely crazy insane to invest one dollar in Mexico period. With the label of crime from the cartels, hope nothing happens to your investment. 🇲🇽🇲🇽🇲🇽😩😩😩

@Starknight00 5 ай бұрын

You are a super man .. dude.. u r all over the world .

@MyLatinLife 5 ай бұрын

LOL

@tatotv4944 5 ай бұрын

Mortgage expense should be calculated in your net income balance sheet.

@TheWanderingInvestor 5 ай бұрын

Cash purchase

@ukjw2 4 ай бұрын

Mortgages are for poors

@jalqassar 4 ай бұрын

Wow! Thats pretty.

@zacharyschiller7712 5 ай бұрын

Nice work man! Great video!

@TheWanderingInvestor 5 ай бұрын

Thanks Zach!

@MyLatinLife 5 ай бұрын

Epic man

@ManuelGarcia-dp4iz Ай бұрын

I’m interested in something similar 4 units.

@TheWanderingInvestor Ай бұрын

@@ManuelGarcia-dp4iz get in touch with Luigi: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-buyers-agent-in-tulum-and-playa-del-carmen-mexico/

@LeeVerrill-ym2pt 4 ай бұрын

Nice video

@kobzar5398 4 ай бұрын

great BUY

@Stephen_567 3 ай бұрын

Unless value of this property skyrocket this is not good investment. 8% return is nothing special. And almost 100% projected occupancy rate is super optimistic.

@uplandarch697 5 ай бұрын

Good building good partner

@laynefangs 4 ай бұрын

Luigi: "you can't put a price..." The price: 6:48 (and it's very good)

@lobo595 12 күн бұрын

Did you get debt? At what terms?

@TheWanderingInvestor 12 күн бұрын

@@lobo595 cash

@craigstrachan7046 5 ай бұрын

You wouldn't want to be in the way of one of those coconuts when it falls from that height.

@TheWanderingInvestor 5 ай бұрын

😅

@craigstrachan7046 5 ай бұрын

@@TheWanderingInvestor Coconuts aside, it looks like a real winner of an investment - congrats! (I'm sitting here in L.A., just marveling at $100,000 to add a floor and multiple units. Not to mention the $200/year property tax!)

@stevenoliver7120 5 ай бұрын

I was actually hit on the head by a falling coconut in Puerto Rico. It knocked me to the ground but there was no permanent damage that I know of.

@TheWanderingInvestor 5 ай бұрын

@@stevenoliver7120 😅

@gmg6200 4 ай бұрын

Those numbers look great! Congrats on a good investment!

@TheWanderingInvestor 4 ай бұрын

Thank you 🙏

@kapteng 4 ай бұрын

Wondering if financing is available like the states? Thanks

@TheWanderingInvestor 4 ай бұрын

Unfortunately not. Only at really high rates.

@directrue1742 4 ай бұрын

I'm looking for a 2 bedroom single house in Playa cash buy...

@TheWanderingInvestor 4 ай бұрын

Luigi can help: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-buyers-agent-in-tulum-and-playa-del-carmen-mexico/

@NitishYadav-lb7zc Ай бұрын

But foreigners cant buy land 50 km from the coast line

@TheWanderingInvestor Ай бұрын

@@NitishYadav-lb7zc foreigners need to use a bank trust

@oscarport8828 Ай бұрын

Can you recommend a real estate agent in San Miguel de Allende

@TheWanderingInvestor Ай бұрын

@@oscarport8828 I don’t. Thanks for asking

@brianleonard6885 5 ай бұрын

Bravo

@jce5479 2 ай бұрын

That coconut tree is a little dangerous isn't it? hahaha

@TheWanderingInvestor 2 ай бұрын

Yummy though

@rogerdiaznyc 4 ай бұрын

Lol. NYC prices. I was renting a studio a block from the beach in Colosio for $5000 pesos. $550 US for a room that's what you pay in the Upper West Side.

@siegem72 4 ай бұрын

Luigi looks and walks like Nick Lachey

@user-yy3vd9vx7y 5 ай бұрын

Deal!!!!

@Matthew86Torres 4 ай бұрын

I am looking for something just like this!!! Can I have Luigi’s contact info? Thanks!

@TheWanderingInvestor 4 ай бұрын

Here: thewanderinginvestor.com/services/international-real-estate-services/my-real-estate-buyers-agent-in-tulum-and-playa-del-carmen-mexico/

@Sanvisible476 4 ай бұрын

The Mexican dream of Americans.

@nancyballesteros7383 Ай бұрын

sad for us mexicans... but true

@MikeandBenjieinMiamiBeac-fd2no 9 күн бұрын

Did you ask yourself why he needed you in that business? Was it purchased with your money entirely with a half off?

@Christopher-rt1jq Ай бұрын

skip the $4k per year cleaning fee lol

@fidelmontagu7262 4 ай бұрын

To risky and violent...

@mariovazquez1011 4 ай бұрын

Why you say that ?

@steveb.5617 4 ай бұрын

Yes you might be 9 minutes to the beach but the beach is full of seaweed that smells and looks really bad. The clip in the video shows it all. I just came back after a 5 week visit to PDC and I will not go back. The smell was so bad on the beaches most days. I liked the city but not the beaches.

@ukjw2 4 ай бұрын

The beaches around town aren’t the best, especially since the growth and now seaweed. Plenty of nice beaches close by though.

@ImUniqueBella 3 ай бұрын

Next time research the season. 😂

@markalford9535 2 ай бұрын

June grass affects the entire Gulf Of Mexico. We get it in Destin, FL regularily.

@renemelgoza5654 4 ай бұрын

You guys get excited by an 8% return 😂😂😂. 8 % + the hassle = poor investment. And u bragg about it in KZfaq. Doing a fake KZfaq "We bought this" would yield a better return in payouts on multiple platforms 😅😅

@renemelgoza5654 4 ай бұрын

By the way contact me if you want 12-15% return as investors without doing any of the work yourselves

@Zoltar1811 2 ай бұрын

That’s 8% before tax and with 2 people involved. sod that not worth it at all rather just bank the money in a high interest and chill