I have been speaking to many investors the past several months about the Campeche real estate market. In the conversations it brings to mind that many people out there are scrambling to make sense of the economic mess created over the last few years, the smart money investors have already keyed in on when and where to begin reinvesting. Time has taught us all that our lives are cyclical. Case in point: bell bottom pants, recessionary times and historically low interest rates. Though some things fade in and out, one inevitable rule has always remained true when it comes to real estate investing, even here in the Mexico real estate market: location, location, location.
Whether you are buying your first home or you are a seasoned international real estate investor, this has always been and will always be the golden rule of real estate. One model of success that has created millionaires such as H. Ross Perot, Colonel Sanders, Hewlett and Packard, Babe Ruth, Howard Hughes and Joe Kennedy is to buy low and sell high. When and where did these real estate tycoons do this? You might be surprised at the answer. It was not during the best of economic times, in fact, it was at the worst of economic times. It was during the great depression. It is no secret that economic downturns create once- in- a- lifetime opportunities to amass huge sums of wealth and the most common vehicle to do such has always been real estate investing. During the great depression, real estate demand was low and therefore prices were also low. Those visionaries who were “liquid” had the opportunity to snatch up incredible pieces of real estate at rock bottom prices, knowing the price would once again be going up….way up.
“Foreclosure by the banks has been the order of the day. Day after day real estate can be bought for the price of the first mortgage and there are no bidders except the bank which holds the first mortgage. In this way the banks are becoming the holders of huge quantities of real estate.”**
Does this sound like a headline from today’s paper? Certainly an all too common statement about our current economic crisis, but this was written about economic conditions in 1929 and the years following.
So the “when” is evident. Our economy has once again created the perfect opportunity for visionaries to buy low and sell high. Just as the aforementioned millionaires took advantage of the opportunity that faced them 80 years ago and became our “economic heroes” of today, we too stare opportunity in the face and have the chance to buy incredible pieces of Mexico Real Estate at bargain prices and therefore creating a portfolio worth millions.
The lone question then remains “where” do I invest? The economic crisis has been a global one and therefore creating opportunities throughout the world, but where can the “little guy” feel safe to invest knowing his money is secure and growing? Many factors must be taken into consideration when investing in real estate, especially internationally. Several markets are now prime for a dramatic increase in real estate prices. Many of the places in the United States and Canada are still over priced and the insecurity of the market falling even lower and a slow recovery time do not make most of these areas a logical choice. One area that has drawn international attention for real estate investing because of its low prices, prime real estate, strong and growing economy, location, climate is Mexico. The Mexico real estate market is large and a geographically diverse country with many beautiful areas. The most expensive and most sought after real estate in the world is beach front property and mexico beachfront real estate offers some of the world’s most beautiful areas. Combine inexpensive Mexico beachfront properties with a cheap labor force, warm year round tropical climate and state of the art health care and you have a gold mine in the making. American and Canadian baby boomers are buying up Mexico beachfront at astonishing speed sending prices through the roof, but there are stretches of beautiful white sandy beachfront properties lining emerald waters still available at bargain prices as low as $55,000 usd. now is the time to act, to secure your future to take advantage of this once-in-a-lifetime opportunity created by our economy.
By Bob Mc Cain
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