House Hunting in Playa del Carmen, Mexico!!
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- Опубликовано: 8 сен 2024
- Today I'm looking for a rental property to buy in the Riviera Maya, Mexico. Join me as I tour 7 apartments for sale between $158k - $378k USD.
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If you are interested in buying a property in the Riviera Maya, feel free to contact the realtor I'm working with. He's trustworthy and I can safely give my stamp of approval:
Caribbean Maya Realty
caribbeanmayar...
mateo@caribbeanmayarealty.com
For the past 6 months, I've been looking at real estate in Mexico. Up until now, I've looked primarily in Queretaro and Ajijic for homes for sale with the intention to live there myself. However, today I'm exploring the possibility of buying a small apartment as a rental property investment.
Although the prices in Playa del Carmen are surprisingly high, this city is one of the most popular tourist destinations in Mexico. So getting a rental property here would be very profitable in the long term. Heck, even throughout the pandemic, people were still visiting Playa del Carmen by the thousands.
In today's Mexico vlog, I'm starting my rental property apartment hunt by taking a look inside 7 different Playa del Carmen apartments: studios, a 2-bedroom, and a 3-bedroom penthouse. Unlike what you'd expect in many places around the world, all of these come fully furnished and basically ready to move-in or rent.
What do you think? Would you buy an apartment in Playa del Carmen?
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❁❁ABOUT ME❁❁
Hi, I'm Maddie, former partner of Tangerine Travels, a travel vlog with over 350 videos that I helped build for 4 years to over 250k subscribers. I'm originally from Arizona and have been living in Mexico since 2018. These days, I'm traveling around Mexico, doing the "solo female travel" thing.
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Done and done
Oh better check my mail 🐶🇲🇽😂
Done! I love your energy! I'm trying to convince my daughter to move with us to Mexico. Your videos help so much!
I never received your email. Should I sign up again?
I also never received your newsletter. I signed up a couple weeks ago, and did receive the confirmation though.
@@dianacook6337 I received mine got confirmation first ✌️🐶🇲🇽❤️
No one does real estate videos like you do Maddie.
Both buy and rent.
You’re a natural.
What a big compliment, thank you 😊
@@MaddieGold that is 33 people that share
BeachTownStitchie thoughts on you being so good on real estate tours
Agree
You are thriving Maddie. I'm here to see it!
Love to see more house hunting videos❤️ Also would like to hear a breakdown of the additional costs…property tax, HOA fees, …
For the last place, property tax is about $400/yr and maintenance is about $170/mo for a 3 bedroom. Contact me if you are interested in more information.
Great questions.
@@Jazzlobotomy Wow! I wish the US did that!
@James Watt the numbers look great, can you give any suggestions on monthly income with seasonality
I lived in Playa Del Carmen for 7 weeks in 2017 and loved it.
I rented an apartment on Calle 22 and 5th Avenue, just a block from the beach. A good thing to know is the Avenues are numbered by 5’s (5th Ave, 10th Avenue, 15 etc )so 5th is just a block from the beach ! Streets are numbered by 2. Wonderful trip and great memories.
I like any unit that has a separate bedroom. I agree about bathroom counter space. Dislike pedestal sinks a lot. Washer and dryer inside or at least on the property is a huge bonus. Also, any unit where I don’t have to listen to party music all night is an extra bonus for my personal desires. Thanks for showing us around. 😊
I like good bathroom counter space with some space to lay down your towel, washcloths, etc. I have stayed in an awful lot of hotels so I have seen a variety of different bathroom situations.
Those rooftop areas are amazing. Such stunning views of the Carribean.
Hey Maddie, been watching your channel since you lived in Puerto Morelos, I've lived in PDC for 8 years. The price gouging that is happening here is out of control and rents have almost quadrupled with all of the ppl from U.S. and Canada moving here. Local people are being priced out of their communitites and tensions are starting to rise a bit as petty theft is increasing.We now have 9-10 months of sargasso every year making the beaches useless, this place is no longer the paradise it once was and most locals predict it will turn into another Acapulco circa 1990's. $220k for a studio is not a good deal, it's a joke and that same studio would normally go for about $110-$120k. Please think of the local Mexican population who can no longer afford to live in a place where they work.
I've been living in this area for over 16 years and it's changed so much. I share a few of your concerns as well.
@@susanlolinex380 If my husband (a local) didn't have a job here, we would move in a heartbeat. The whole vibe of the city has changed...and not for the better. I can't believe there are still people moving here in droves.
There are bunch of old rusty homes north of CTM are turning to these trendy studio buildings to make a profit, and of course the locals won't ever consider buying one with a family of their 4+. Most of locals that work there lived in the colonial side. And yes some are siting on concrete housing without a/c near the 88 side, but soon or later, the landlords are going to sell or rebuild anyway. The last time I lived there in 2021, they were building a bunch of new homes 5-6km west of the main hwy.. those are supposed to be priced for locals. This just means the locals would have further commute.. don't be too concerns.. there are bunch of ppl making money from all of this. Just hope the government would recycle the money back to the city and the communities
Yes. Was just there and the vibe was definitely. not for me, but clearly a lot of people love it. I felt a bit claustrophobic.
😂😂 that’s how this works wtf gringo pricing supports the locals 💚
I stayed at an Airbnb in that first property 2 weeks ago! During the beginning of the tour, it looks really familiar, even though the decor was different. As soon as I saw the rooftop gym & pool, I knew it was the same place! We were only there for one night, but it was a great location to be able to get everywhere on foot! ❤
I miss the old Playa del Carmen of 30 years ago
...sigh...yep
Honestly, I'm a bit partial to the very first apartment you showed, sooo many amenities, including a hot tub, Suna, etc. these are extremely appealing for vacation rentals, pay the extra buck ($225) and have peace of mind as far as renting is concerned. GO TOP SHELF!!!
me too.
Yeah, that one was top notch. It would pay for itself quickly.
Unfortunately, $$$ is hard 2 come by nowadays, so if you're going 2 invest please do so at your maximum potential, don't need 2 create new opticals 4 urself. Hot tub, Pool, Suna, and location are all very appealing.
Do you see? You haven't even purchased it yet and already 2 or 3 people are ready to rent it from you, me included.
Unfortunately, it won’t pay for itself. Not even close. Hate to be the negative one here. But it’s the truth. :-(
@@dougmacphee6877 why do you say that?
You make great videos, no doubt. About Playa del Carmen, I have conflicting feelings . I have relatives living there, so I get to see it every once in a while over the years. On one hand, amazing nature and lovely places to live, like you showed. Great place to vacation. On the other hand, I feel so sad that the jungle is being mowed down to create these lovely buildings. Non stop construction noises. And the now nonexistant beach. Washed away despite the local goverment's efforts to import sand. I wish there was a way to preserve the area and still enjoy it. Sewage goes to the cenotes and ocean. Sorry if I brought the mood down. It is a complex topic. If I were looking to invest in property long term, I think the diminishing nature would weigh on my decision.
As a lifelong resident of Florida I certainly empathize with your sentiments.
Wherever you buy an apartment, Maddie, make sure the building has earthquake compensators, I think, and is not susceptible to hurricanes.
Thankfully this area in Mexico is not an earthquake area and as far as hurricanes are concerned, buildings in this area are built out of steel beams and concrete blocks ~ strong enough to withstand even very strong winds 🙏
Wow! What a whirlwind tour of Playa del Carmen! Thanks, Maddie!
You have to ask yourself why the owners of those apartments don't have them rented if it is so easy to rent them.
Great video!
You made this house hunting video way more interesting and fun to watch than other RUclipsrs. Hope to see more!
I agree. Upbeat tempo.
The best vacation my family ever went on was to Riviera Maya.
Also, if you are wanting the better tenants, you'll be better off looking for nicer, bigger long term rentals. The short-term vacationer renters tend to not care and trash the place assuming they won't be getting their security deposit back. That happened to me the first time I rented my place to kids who just wanted a place to "relax" (the said) when they in reality were partying non-stop and fighting and annoying the neighbors. They destroyed the place.
knock on wood I haven't had an issue at Believe Studios in 2+ years.
Hey Maddie - not to be an aguafiestas (party pooper) but before investing heavily in rental apartments on the Caribbean side, please take onto account the increasing problem with sargassum. This year the sargassum that will be affecting that side of Mexico will be the worst ever. If that keeps up, places like PdC and Cancun will lose favor, and the Pacific side (which doesn’t have the sargassum issue) will become much more popular.
Thanks for sharing these considerations!
Maddie it’s always very nice to see you… 🌹
Not crazy about the larger apartments near the road and jungle. Also, depending on how high they build over there that would obstruct your views. I really liked the first one, smaller, but you can probably have that rented every day of the year. So close to the beach and everything else!
my opinion also: Short termers coming there to party MAY like to throw down a bit extra to NOT have to walk 9 minutes back and forth. Close means more and higher rents?
Agree. The larger ones seem more suited to long term rentals than short term vacation rentals. Most people on vacation aren't going to be that concerned about big kitchens and such as they'll be eating out most of the time.
@@georgejetson9801 yes. Maddie needs an operational strategy as well as an exit strategy. if the rental/vacation market slows down, is she going to live there? I can feel the risk aversion in me rising!!
I already saw another request for this, but I’d like to second asking for a walkthrough on financing a property in Mexico! I know some people can afford something like this purely on savings, but for those of us still building for the future, I’d like to see what options are like for doing that south of the border. Thanks for another great video, Maddie!
I’ll see if I can get that in the works in an upcoming video! I’ll for sure make one of my process when I find the place I want to buy
Awesome. Thank you! I’ll be looking forward to it. Good luck on the rental property hunt!
It's pretty much all cash, there is financing out there but you would be committing financial suicide.
Would love to know if they finance!
Although it doesn't apply to me as I'm old and cashed up, I think they majority of people aren't cashed up in savings or funding from a relative, inheritance, or something like that, so agree that financing options would be useful. Is there financing of vacation properties in Mexico by US banks? Can you use equity in a US home towards a vacation property in Mexico? I have no idea!
Love the real estate videos! The penthouse 100%...the shape, all the windows, balcony space, open kitchen , second level and private pool!! Ya, dare to dream. Future development would likely cut off the view to the sea
Probably wiser to go with the more modest but sure thing for a solid rental...thanks for the tour!
I love these types of videos. Thank you for the info!
Glad you like them!
Hi, Maddie. What are the rules in PDC for construction and safety codes in buildings and elevators? Don't the prices for the studios and one bedrooms seem a bit high? They don't look much different than a nice hotel room with a kitchenette. What about the heater behind the bed? Does the air conditioner typically blow above the bed? On the beach, what is the story with the smelly seaweed? And apparently the sewage that goes out to the ocean? How bad is the heat and humidity after April or May? What are the typical rentals per week or month? What's the noise level in the area? Sorry for all the questions. 😉
As an investment I would choose the units closer to 5th Ave. The units across the highway are lovely, but most people want to be closer to the beaches and restaurants. Been going there for 25 yrs and the region has changes so much. With the train and the Tulum airport opening soon the region will continue to expand for the years to come.
Feels like you are becoming a Real Estate agent 😊
Awesome news ❤
Good luck friend 🤗
Greetings from 2 Canadians 🇨🇦 that sold everything and moved to Mexico 🇲🇽🥰✌️
Thanks so much!
My wife and I stayed in that building you feature at 0:14. It was a studio on AirBNB. The rooftop pool was great.
We lived in Playa for a year, and I wouldn't want to be super close to Fifth...but then, we're older and don't stay out late at night. We lived in two different apartments, one on 34th five blocks from the beach, and one on 42nd near 10th Ave. That was plenty close to walk to 5th and to the beach. Noise is definitely an issue, but for us, it was more construction noise than party noise, as there was so much development going on at that time. All the places you toured looked great and would make super nice short-term rentals, though I think the one near the highway would have less appeal for vacationers. Most people want to be close to the beach. A smaller fridge would be a problem for living but not for short-term renting, since the guests will be going out to eat and drink most of the time. I liked the one bedroom better than the studios, as it felt more spacious and less like a hotel. Best of luck in your choice!
Also, consider the position of the sun at sunrise and sunset for both the rooftop patios and unit windows. Ideally, you want to see the sundown from the roof in a comfy lounger.
Good point! Although the riviera Maya is more known for its sunrises except if you’re on the west-facing island of Cozumel
What are the returns like on these properties?
Also what are the other hidden costs such as local/state taxes and communal property fees?
Great video thanks!! I will keep your realtors name handy when I being my search. I love Playa! So full of life, energy and you get the best of Mexican culture while at the same time you can meet people from all around the world passing through!
love your videos just to the point no stalling
I didn't hear you mention how much the maintenance fees are? This would be a big factor in choosing a property.
May not be any but I'd love to know myself
Out this world
Oh I am sure there are maintenance fees, and no limit to how much they can be raised.
@@cindyobrien9794 That is another huge negative of homeowners associations anywhere. The HOA where I am now literally DOUBLED our annual dues with very little notice based on a "vote" which maybe only a quarter of the neighborhood even participated in. They were low to begin with but the IDEA of their being able to get away with that was maddening.
The fewer the rules and RULERS there are that think they have authority to tell you what you can and can't do with your own property, THE BETTER! I've been there and done that!
Also if a person is going to be an absentee landlord/landlady, you have little control over the behavior of your tenants. I'd want to be living right across the street or at least hire a management company to take care of the tenants complaints.
For the last place, property tax is about $400/yr and maintenance is about $170/mo for a 3 bedroom. Contact me if you are interested in more information.
Great video, just makes me want to go live there asap ❤
Come :)
Love this video! We are heading to PDC soon and renting a condo in the same areas you are searching in. I'd recommend getting a 1br if you can afford it. As tourists, it's important to us to get something with a separate bedroom - even if it's a bit farther off of Fifth Ave. Looking forward to more tours!
Excited for you! I am definitely interested in these types of videos. We're usually Cozumel vacationers but might consider Playa if we were able to rent from YOU!😃 Good luck! More please!!
Aww I love to hear that! I have so many ideas for my MaddieGold rental experience…a branded welcome gift (bucket hat with a marigold maybe??), photos from my travels to decorate the apartment, a guide book of all my favorite restaurants/experiences, and more!
@@MaddieGold all that sounds so wonderful. We love tips as to where to go, off the beaten path from experts like you! I see a guide book in your future! 🤩
Some friendly advice...i spent the last 3 years traveling through Mexico and spent most of the pandemic and afterwards in Playa del Carmen.. the locals like to call it playa del Crimen...which means beach of crimes. Cozumel is generally much safer, the police are not as corrupt and the cartels are less conspicuous. The local police robbed me 5 time, mainly in Playa. I never had any problems anywhere else i have been in Mexico and i have been all over, even to some of the worst places and speak spanish.
I recommend Huatulco Oaxaca as a place to consider buying a condo or renting long term. The beaches are amazing, clean, low crime , cartels operate away from the tourist areas because the cartel bosses there want to keep tourism going. Police are not corruptt like in the Caribbean.
With the sargassum problem in the Caribbean getting worse every year, going to the beach will be a big issue. Crime is also getting worse. I recommend watching the Mexican news if you underdtand Spanish there sr also some news sites in English for the Caribbean news. Then you will see what exactly is going on. Good luck iand best wishes n your travels
that first apartment is perfect!!!
Excellent work!! Please post more videos like this, I’m looking to buy a condo/ house for my future retirement. Important things will be security, elevator, taxes, hoa fees
It’s fun to watch you house hunting! I’d love to see more videos house hunting. ♥️
Love house hunting videos!! Could an investment property pay for your life and travels in Mexico? I also love the idea of you having a permanent space to call home for you and your future pup! No matter which way you go, either is a winner. Good luck making your decision!
Hi Maddie!!! I hope you can see my comment!! But I want to say that I feel a lot much better watching ur videos!! You’re such an inspiration ♥️ love that for you!! Much love from Wisconsin!!!♥️♥️
You are so sweet Yara! I’m so happy to hear that 🥰
I liked the studios a lot. I don't think you can go wrong.
It's interesting that the majority think buying a single (beach zone) apartment is going to pencil- out better than 3- 4 units a 5- 10 minute walk away, that you could rent- out month to month, or by the week at half the "beach area" rate, going into a serious economic downturn. (Live and learn... as they say! ;-)
Be wary of investing in property at sea level Maddie. I recommend reading the book The Water Will Come to educate yourself on sea level rise in the near future.
Love the one for 158k. Also, having a patio is so important. I think you will still be better off to have spent less, even if it means less rent. I also love the one for 179k off 5th ave.
On the other hand, investing more now generally means higher resale value down the road, in addition to higher rent along the way.
@@mwiebe2663 well, based upon the current global banking meltdown, as well as real estate prices falling, as well as crime on the rise in certain places in Mexico, my suggestion is solid.
None of the property cashflows positive at all... U guys r idiots
I know when I rent I always look for something in Centro or the old town area because it is an easy walk to Mega, Walmart, 5th street and the beach. I would not rent above about 35th street normally. Decent older apartments can be found in that area for $50 a night on a monthly basis. Just got back from Playa last week where I enjoyed the area for a month.
Tus videos genteifican y encarecen nuestras vidas
All of the studios were unusually spacious, definitely good investments. Looking forward to Isla Mujeres!
First rule is always, location , location, location !!!!!!!!!
No way Maddie you are in Playa. So cool to see you back in Playa. I used to watch you from the States and then i moved to Playa a year ago and now live in Cozumel. You should check it out in your portfolio too. Muy tranquillo! Happy house hunting.
Thank you Maddie! This reminds me so much of when I was in Playa del Carmen and makes me want to travel back, and maybe live there.
Your videos are great ,blogging and informational. Great job you have succeeded on your own.
Thank you so much 😊
Hi Maddie, thank you for all your videos. So enjoyable. I don’t understand why you are looking for an apartment in the Riviera Maya when you said previously you would never live in the that sort of Mexico ever again (previous Tangerine Travels video). The reasons you stated were prices, over commercialization, daily experiences with being ripped off. etc. I’m confused and based on your previous experiences might be a mistake…
You're approaching a quarter-million dollars for a medium-sized STUDIO condominium. I think it's too much when compared to what you could get in Mazatlan back from the beach or in the burbs of San Miguel de Allende. Also, Playa del Carmen may soon be overcome with the stench of sargassum seaweed. Check out the map that came out today of the staggering blob of seaweed approaching Florida, the Gulf and Mexicos east coast.
That's awesome, for much less than half of the purchase price of my current house, the last place you showed was within a short driving distance to dream diving sites. That's so freaking cool!
You’re already aware of this, but in Playa the closer you are to “the action” the better. If this is mainly an investment property, I would just say don’t be seduced by the larger units further away, the closer units will always be in demand & have a bigger chance of appreciating in value over time because of their location.
I just bought one on "the other side" it's rented half the year, most long term people don't want to be "in the action"
@@StephenWeppler I wasn’t talking about “long term people”, I’m talking about tourists, which IS what most of the people looking for accommodations in Playa will be & if you say otherwise you’re lying. But even semi long term tourists prefer being closer, that’s the entire reason they chose Playa. Being closer means everything’s in walking distance, entertainment, night life, beach, stores, restaurants, bars, clubs, groceries… they won’t have to pay for transportation like you and your renters will. Don’t get salty because you chose to invest further away where I (& investors) consider it to be not as good of an investment.
@@The.Hawaiian.Kingdom I own one in the "action" too, I paid less for a 2b2b over there than my studio "in the action" and it's rented by "tourists" from the states.
@@StephenWeppler Sure Stephen, we believe you. 😉👍🏽… 🤭
@@StephenWeppler 🥺 waaah 😩waaaah 😩
Better to rent until this bank situation is over. We are only seeing the beginning
Thankyou Maddie,, my husband and I stayed in Isla in 1980, certainly has changed since then. Still a beautiful island 💕
Expensive, wow!
Maddie, thanks for another fantastic video, I played the ad's through for the algorithm, love watching your channel grow, you are so good at this.-Kevin
Second one is the same builder as our first one Believe Studios ...
Good video Maddie, don't be fooled, our first one Believe is always full but takes work in low season to keep it full, lots of empty units in Playa low and high season, lots of competition, with your audience I'm sure you would do great but for the average Joe it takes work.
Love your show I have traveled all along Mexico pacific coast never the Caribbean need to go there love your adventurist spirit. I love Mexico as much as you do !
Love the fact you can get a car quicker!! Looks great just have to crunch the numbers can't wait to see what's next!! You go girl!!
Wonderful tours! As I was recently in Hawaii a similar condo to the very last one would easily be double the price and while Hawaii is wonderful... so is Mexico!!! I think it is terrific that you are looking into investing and I really love that you could maybe pencil yourself in for the "best season" for a few weeks or longer and then rent it the rest of the time to allow the unit to pay for itself! Best wishes!
We miss you Maddie!
Great place to live. Up and coming is best time to invest.
Agreed!
I saw you last week on 5th ave walking. Didn’t realize it was you right away. So cool. Love your channel and keep it up ! 😊
This is awesome Maddie! I hope to buy a property in that area to rent out as well.
Very interesting. Personally, one has to be a fan of those types of high rises. The view for the first two I liked. The freeway one not so good, or any with new construction going up. Thanks for sharing that!
Cool video, another place to check out is Chan Chemuyil, many unique little casas! About 25 minutes south of playa del carmen. Across the highway is a beautiful beach and turtle sanctuary. 🏝
These house hunting videos are awesome Maddie! Would Love to see more of these!
Beautiful. I love my Queretaro apartment.
Not worried, for God is 6in control. Happy I moved to Queretaro in _2021 at79.
Honestly, where you live right now looks very posh and inviting, Maddie.
I like the second unit you featured.
Maddie, your CAMERA is really top notch. Excellent quality. I truly appreciate, on this end.
At 13:44 when you were showing the balcony -- it looked like the floor below had hot tubs on each balcony space. Is that another (more expensive) option? For all properties, I would just be concerned about who is responsible for repairing all common area amenities if they became damaged. Flat top roofs, pools, bathroom sinks, shower areas, toilets, washing machines, patio doors and A/C units have a talent for leaking and if your unit is affected, who is responsible for making repairs? If a common area amenity (such as the rooftop pool) or your unit A/C is in need of repairs, how will that affect the rental ability and your rental price? If anything within your unit develops a leak and the water damages an adjacent unit, are you responsible for paying for the damage caused to the other unit(s)? Who is responsible for paying to repair damage to your unit if the cause was traced to an adjacent unit? If water leakage into your unit was from another person's unit (their shower, sink, washing machine or A/C) who is responsible for rectifying and paying? If there's a hurricane and the building become so damaged and unsafe that no one can enter, how does that work for you? I don't want to completely burst your balloon and as nice as it sounds to have a rental property to make money, there can be all kinds of headaches! I have owned timeshare property in St Thomas and all of these situations came up. There was also theft of timeshare unit owner funds by the property management company. Just be prepared for the worst before you buy anything!
All condo buildings here will hire a common areas management company. Some companies do a better job than others.
Great video, Maddie!
All the properties are amazing.
I love PDC & may eventually stop there for an extended period of time.
Personally, I would not consider buying close to 5th Avenue. It's just toooo busy & noisy. People love to party on 5th Avenue but, most want to be a few blocks away when it comes to sleeping. Some of the bars make the walls vibrate in buildings that are nearby. Lol! I'm not kidding.
Anything a few blocks away would be amazing. In 2021, when I was staying in PDC, I was part of several FB Groups. Many people said that if you are looking at buying a rental property, never buy on the other side of the highway. People seem to prefer the properties on the oceanside.
Anyway, bravo on wanting to expand your holdings.
Awesome video, Maddie.
Mattie, Buy something on other side of 30 in centro in Mexican local area. Even a fixer small house on decent lot. The land value will be good for condos in future.
Nice video. I prefer the closest to the beach at the most affordable price. Hopefully with garage space.
Great video! Love your househunting vibes!! Hope you find something you LOVE and will be a good investment!!
I was in Playa just recently on a part vacation, part condo hunting trip. The condo would be for winter living to escape from the "great white north."
The core area from Cale 2 to Cale 38 bounded by 10th Ave to the north is just too touristy. There is a lot of inconsistency in the housing - a nice place can be next to a not so nice place, etc. As a place to live, I'll pass. As a rental investment, you would make about 5% before taxes which is not great. There may be some capital appreciation as long as you are prepared to wait. The peso is volatile right now so watch out.
I also considered what it is like to live in the immediate area. Apart from it being too touristy, there are other issues. There is a lot of "gringo" pricing,at nearby shops and restaurants, as well as constant scams. I do not have ATM written on my forehead. I'll pass. 5th Ave, in particular, is cringe worthy. After a couple of hours there, I was ready to scream. The beaches are nice.
One interesting place is nearby Jardines del Mayakoba. It is a gated community with several housing options to choose from. It is very well done, and the prices are good. The nearby public beach is very nice. The only fly in the ointment is property management. Not an issue if you are planning to live there. As a rental investment, you will have a lot of trouble managing the property. Every property management company wants to stick to the core area.
Mexico does have a lot to offer a "snow bird." I'll give it some serious thought. I note that prices have increased a lot even over the past year. The peso has appreciated and there is a lot of inflation. Things could settle down, we will see.
Like your videos!
Beautiful and a day trip to Cozumel would be a lot of fun on calmer sea days. I enjoyed visiting there in the past and hope to return again.
Thank you Maddie!
Am not personally a big fan of Playa del Carmen. But this looks potentially like a good investment. You should also look at Baja Sur as well. Not Cabo, more like Todos Santos. It’s on the upswing big time but still early. Playa del Carmen and Tulum seem like they are beyond their prime. Good luck!
(My wife and I own props in Mx City and Todos Santos)
Brendan!! Pardon me: my clicker hit "down" by mistake!! I hope it corrected!! I went all thumbs up on your props owned. Good words!
This is interesting. I just did my third trip to Playa and did not dig it.
Look in Punta Estrella, far from the smell of the sargassum and you can get a 2/2
I’m in Playa right now. I’m definitely moving here soon but not off 5th ave.
Interesting! I really like the penthouse for a permanent residence… how much are the monthly maintenance fees?
For the last place, property tax is about $400/yr and maintenance is about $170/mo for a 3 bedroom. Penthouse is probably in the $240 range. Contact me if you are interested in more information.
At the start of the video I was wondering...."wait what?? I thought Mad was over the heat and humidity?" Then I saw later you addressed that, lol. Anyway, love this channel. Another LIKE!
Closes to the beach I think would give you the greatest return for your money! Great video too.
I stayed at Jardines de ciudad mayacoba recently and loved it. A drive from the beach but so comfortable.
Thanks for sharing your thoughts 😊
what is the profit and expenses of these properties?
I've done some research on purchasing in Mexico as a US citizen. From what I've researched, Mexico does not allow US citizens purchasing so close to the ocean. Now I was searching South of Tijuana, so maybe the other side is different with regulations. One thing you don't point out are these restrictions, I wish you pointed out these notes in your video. It's not as easy as you are making it out to be.
@ Mark Solidary. Unless you're Mexican you only get long term leases from the government. To oen property I think you have o be thirty five miles away from the beaches orit use to be. Mexican keeps changing it's rules. They just raised the income requirements. The average retirement amount for an American would not qualify to live in Mexico. If you own property there you can have less income. Mexico has changed from years past. I have seen a one bedroom apartment in a nice hi rise with underground parking beginning of last year for 95K . I thought these prices were high. Especially for the tiny singles with no real kitchens. The bubble we have ben I is starting to price properly downward. Someone I know who bought property in Colorado Springs at the end of last year has already lost 50K and the house is in a very good area with an HOA. They plan on keeping it but moved out and is renting the house able to currently cover the mortgage and moved into a cheaper rental house or themselves. I worked them not to buy but they didn't listen. I see things up in the ir now and noby really knows the way the wind is going to blow. Just speculation. I follow some of the top economist and they don't know either. Most say wait. Realtor will tell you this is the best time to buy. At least most of the one I have followed have said that
@@kimhicks4781 I agree Kim. I only commented because I like Maddie's content, but felt she wasn't covering enough of the details (even in small clips). I think you've provided even more information into the details of purchasing in Mexico as a US citizen. Mexico is beautiful!
@@MarkSoliday I am surprised you could read my comment. My magnetic typewriter changes my words and spelling and I can't see what it did until after I send so I hope Maddie will delete my message. Mexico is beautiful but very complicated to buy there. A lot can go wrong so it's a good idea to hire a good attorney to go over your paperwork if you are buying. It's a big investment. I watch to see the beauty of Mexico and the culture that's still past down and no one does it better than Maddie. I see her new channel growing in the future back to where it was with Tangerine Travels and beyond that old channel Cheers 🥂
Like #12... @MaddieGold...🇲🇽❤️🇺🇸🥰😍😳🤯😲🤭😄🤪😛🫣😉😜😎🙃👍👋👏👌😏☺️ Saludos cordiales nuevamente desde Zumpango Estado de México...
Always a pleasure to see you in whatever you are up to: So sales price? But there is also monthly fees to maintain common area and staff? (I'm like your dad. Be careful Maddie!! hahaha)
Love seeing what’s available Maddie would love to know the square meters or footage of each place as you walk in and if there are any hoa’s. Thanks you’re really a good agent.
Hi Maddie
Love the tour of places.
But I bought a Condo in Huatulco and it’s only 3 blocks from the beach and marina.
Blessings, Carlos ✝️🙏❤️😊❗️
A MaddieGold video!!!! Oooooo yeaaaa.🎉🎉🎉🎉
I would think the area around 46 Norte (CTM) - I believe that is the area you referred to; or the one straight up from ferry which is also great location for the ADO station
I’ve stayed in several places including right on Quinta but think near CTM is my favourite. A few great local restaurants, easy walk to Quinta, and great access to one of the best super quiet beaches that leads to a fresh water creek