Last year I went for an amazing trip to Yucatan Mexico, I did not realise how much I would fall in love with the area and the people.
Day 1. Merida , Yucatan Real Estate, my trip to Merida was my first stop and having quite an appetite I really needed to be careful as I heard that the local food is full of flavour and very rich in every way. We stopped at the little eatery and enjoyed some stuffed corn tortillas, with some yummy hot sauce, yum, yum, yum my favourite!
John and I were really keen to look around on the first day out and about on the Yucatan trip, as we walked up and down the streets of Merida we were so impressed by the houses and colours we started dreaming about the idea of buying a piece of Merida real estate to renovate and use as our yearly Mexico vacation home.
We found one home with a for sale sign and thought about contacting the realtor, we ended up contacting 3 realtors about other properties we found on their listings sheets.
Yucatan was only a vacation for me but ended up turning to a house hunting exercise… more on that later, even before seeing any Yucatan Properties I thought maybe I was falling in love with the place, John quipped that I was just love struck with the whole experience from getting off the plane. I ended up informing the 3 realtors that I was keen on Merida Centro, my friends Susan and Jeffery also came on the vacation and we told them about our dream, well it was a Yucatan real estate addiction, they wanted to either investigate options or go in a property with us so we would be in a 50/50 purchase.
The realtors were really great we even had a chance to look online at property in Yucatan , I recommend www.residemexico.com this was the most professional site with more than one agent. Heading back to the hotel after our second day we decided to see the rest of Yucatan region, including the old ruins and countryside. I wanted to make sure I was really in love before going further with the project.
One of my favourite tourist sites apart from the ruins which I tip as my number 1, was the pink flamingo’s ask the local’s where to find them. I’ll try and enter another journal soon about my trip I wrote this in a hurry before heading off to work, ah yes to get back to my place in Merida Yucatan, yeah I’ll tell you more about that later.
Cheers Rachel M
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www.CashFlowInstitute.com Is the Government paying banks to do short sales? Are they also paying motivated home sellers who are behind on payments to do short sales? And why won’t they allow investors to offer money to these motivated home sellers so they can profit a little, if they don’t have a problem giving “incentives” to the very same people with our tax dollars? The government gets to do whatever they want. So we must follow along, play by the rules, and keep posted of new events so we can profit from them as soon as possible! Mark Walters
Help answer the question about real estate for sale
How much in taxes will I pay on the sale of Real Estate?I paid 300k for a condo as a rental 7 years ago. I put 100k down and borrowed 200k. I lost about 7k each year (expenses minus rental income) which was written off each year. If I sell it now for 350k and pay 20k real estate commission and pay off the loan (about 180k) how much is taxable income (or loss)?
I took about 6k per year in depreciation.
Sorry – you've lost me!
HOW DO I BUY THIS HOUSE !!!!!!
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