Investing in an STR Business in Mexico
Summary
This podcast episode discusses investing in a short-term rental business in Mexico, including the process of buying land, construction costs, and operational aspects. Hosts can learn about the experience of running an Airbnb in Mexico and consider the financial and lifestyle benefits of investing there.
Key Insights
- •The host charges $55/night in the busy season (winter) and $40/night in the summer.
- •Foreigners cannot own property outright within 50 km of the coast in Mexico.
- •The host has occupancy rates of 30% to 40% throughout the year.
- •The host in the episode built a three-unit property for $100K.
Action Items
- ✓Consider investing in Mexico if you are looking for a lifestyle change and diversification.Effort: mediumImpact: medium
- ✓Research the legal framework for owning property in Mexico, especially if considering coastal investments.Effort: mediumImpact: medium
Tools & Resources
- →Get Paid For Your Pad: The episode is on the Get Paid For Your Pad podcast.
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