When you’re in your twenties, the last thing that goes through your head is investing in real estate, especially if you live in Mexico City. The accelerated pace of life, the need to be close to your work and friends, as well as the small income that forces you to continue living with your parents erase this great idea of investment in the future of your thinking. But in this risky type of investment adventure is where you can ensure a long-term future Houston house buyers. The only thing you have to do is to commit yourself to the long-term vision that will be yours, it will never be devalued and you will be able to enjoy it for the rest of your days.
It’s time for you to stop being part of the generation of the landlords and become the owner. For this mission, here are some tips to invest in real estate in your twenties.
The life of any young person in his twenties is plagued with ant expenses: between parties, movies, school, Starbucks cafes and other enjoyable but useless things. There is a large field of opportunity for savings with benefits. Open a bank account, and allocate at least 30% of your income to the mission: this percentage is the ideal amount that you would allocate to an income, so better save it, while still living with your parents.
Find the land of your dreams
When deciding to invest in real estate, the first idea that crosses our mind is: Mexico City. The market opportunities in your twenties are limited. Let’s face it, you will be dependent on your work, and maybe (from time to time) your parents’ help. Therefore, the real estate field that we recommend you to review is in the province.
Surely by your head will pass a thought: “province, how boring!”, But you will always have a home in the city (your parents’ house that with time will no longer be), so why not choose a cute place away from the urban chaos, where you can build a house and enjoy life outside the city? Your investment will see fruits from three to five years in the future.
If you decide to buy a house, you should check that the property is registered in the Public Registry of Property and that your tax situation is regular. Some places where the added value is greater are Puebla, Villahermosa, Riviera Nayarita, Sayulita, Guadalajara, Metepec and Pachuca. These places are just examples of the great geographic diversity of Mexico.
Buy real estate at a low price, remodélalos and sell them
In this way you will get benefits of up to 30% profit. An option in Mexico City is located in the San Rafael neighborhood, where the old constructions are an important (and until now little exploited) investment sector.
Do not rule out the idea of asking your parents for a loan
It will always be easier than going to a bank, and after having projected the risks and profitability, it will be easier to convince them to become partners through financing (just like in any real estate project).
Get advice with a professional in the real estate industry
As a young man in his twenties, you are surely an entrepreneur without fear of investments and commitment in a successful future. Think that this investment, such as starting a business or a project, will be part of your lifetime assets. That’s why we recommend you to get close to a professional in the real estate industry, which will grow your future heritage and get advice from an expert in the field.