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Real Estate Investment Guide
Welcome to the exciting world of real estate investing with Biencom Real Estate!  If you are looking for a sound and profitable financial strategy, real estate investing is the perfect choice. Our team of experts will guide you every step of the way, from identifying the best market opportunities to securing a smooth transaction. With us, you’ll enjoy passive cash flows and the ability to revalue your assets. Start building your wealth today with Biencom Real Estate and take a confident step toward a prosperous financial future.
Define your objectives
Welcome to the exciting world of real estate investing with Biencom Real Estate!  If you are looking for a sound and profitable financial strategy, real estate investing is the perfect choice. Our team of experts will guide you every step of the way, from identifying the best market opportunities to securing a smooth transaction. With us, you’ll enjoy passive cash flows and the ability to revalue your assets. Start building your wealth today with Biencom Real Estate and take a confident step toward a prosperous financial future.
- Determine whether you are interested in short term or long term gains – are you looking to generate a steady monthly cash flow through rentals, or are you more focused on long term property appreciation?
- Consider your risk tolerance. Some properties may offer more stable but lower returns, while others may have higher potential returns but also greater volatility.
Conduct thorough research
- Scan the Lake Chapala real estate market and look for areas with good growth potential. Research rental demand, vacancy rates, average sales prices and market trends.
- Analyze factors such as location, nearby amenities, access to transportation, schools and other services. These aspects can influence the demand and future value of the property.
- Take advantage of your Biencom Real Estate agent’s local expertise about the Chapala / Ajijic market and ask them to provide you with up-to-date market data.
Establish a budget
- Determine how much you are willing to invest in a property in Mexico. Take into account acquisition costs such as down payment, closing costs, foreign relation permits, and any inspections or evaluations necessary for financing.
- Calculate ongoing expenses, such as taxes, insurance, periodic maintenance and repairs.
- If you plan to finance the purchase, shop around for different mortgage loan options and compare interest rates, terms and requirements. Make sure you can comfortably afford the monthly mortgage payments.
Diversify your investments
- Avoid putting all your capital in a single property. Consider investing in different types of properties, such as apartments, single-family homes, commercial properties or land.
- You can also diversify geographically by investing in properties in different areas of Mexico to reduce the risk associated with relying on a single market.
Seek expert advice
Seek guidance from experienced Bienco Real Estate professionals, such as our agents, the broker as well as financial advisors who specialize in real estate. They can provide valuable information on Lake Chapala market trends, help you evaluate properties and guide your investment decisions.
Analyze Properties Thoroughly
- Conduct a thorough inspection of any property you are considering purchasing. Evaluate its structural condition, installations, electrical and plumbing systems, and any potential problems.
- Hire a notario publico to research the legal history of the property to make sure there are no legal problems or pending litigation.
Consider Appropriate Financing
- Compare the financing options available and choose the mortgage loan that best suits your needs. Consider factors such as interest rates, terms, down payment requirements and loan conditions.
- Make sure you fully understand the terms and obligations of the loan before you sign any agreements. Calculate the monthly payments and evaluate how they will affect your personal finances.
Maintain an Emergency Reserve
- It is essential to have an emergency fund to cover unexpected expenses, such as major repairs or extended periods of vacancy.
- The ideal is to set aside between 5% and 10% of the income generated by the property to cover unforeseen expenses. This will give you financial security and prevent you from facing difficulties if unforeseen events occur.
