😬💵💵📉Protect Your Wealth in Light of the Falling Dollar!

[@FreedomPlaya]

Hi everyone! In the end I ended up recording my video for Canadians as to how they can access their RRSPs to buy Mexico real estate (without collapsing their plans) before I had a chance to post this one. You can watch that one here: kzbin.infoMhVjt1RMPJ4?feature=share

[@cheryltaylor4583]

Just forwarded this to my husband ! He’s gonna love you forever for saying exactly what he tells me every single day !! We have also been heavily into crypto and buying silver for the past 3 yrs

[@FreedomPlaya]

Aww, that's awesome Cheryl 🙂Sounds like you have been making some smart moves. Good for you!

[@cheryltaylor4583]

You are SO SMART!! Why can’t everyone see it as clearly as some of us!! You are EXACTLY SPOT ON!!! 👊👏👏👏👏

[@FreedomPlaya]

Aww, thanks very much Cheryl. 🤗

[@johnnyanton]

Bravo

[@FreedomPlaya]

Thank you 🙏

[@DanO530.8]

Yea you are right leticia a lot of changes are yet to come i hope whatever it is its for the better …

[@FreedomPlaya]

Thanks for watching and commenting. WE can make things better by taking control of our finances as much as possible and taking some defensive and some proactive steps.

[@hoppeanofasgard1365]

normally real estate wouldn't be that great of an option for this because of high property tax and no guarantee the market would continue to rise. However, that being said, Mexico is probably the best place you could back up your wealth in the form of property because property tax is so incredibly low there. Plus, if you're investing in a hot spot like Playa del Carmen or Puerto Vallarta that market is almost guaranteed to rise for at least a few more years, no promises of course, but I'd put money down on that bet over almost anywhere in the US. Thanks Letica for talking about this, you have grasp on it better than most I'd say.,

[@FreedomPlaya]

Thank you for your supportive comment. The real estate market in the Riviera Maya is still very well-priced compared to many American and especially Canadian markets. And you are spot-on about the low property taxes in Mexico compared to other destinations. Maintenance fees for condos are reasonable too. Even for nice buildings with amenities, you're usually looking at 2.5-3 USD/M2 of unit space. Add to that the overall growth in the Mexican economy and you can see why I'd recommend Mexico real estate as a hedge against the devaluation of 'paper money.'

[@hoppeanofasgard1365]

Can you explain owning fractions of a property, and how you'd be able to rent that out and split the income? Also what happens if you want to sell, but the other owners don't want that?

[@FreedomPlaya]

Hi there and thanks for your question. This is a newer type of real estate investing and it is a strategy I cover at lengh in this video: kzbin.info/www/bejne/kIO8e5ymgq1re80si=Fvo_2Krhdk-pFsPp Essentially, the company selling the fractions manages the property including the rental (which could be vacational or long-term rentals, depending on the property and its location), and they pay monthly or quarterly net income distributions to the owners, the amount of which is based on their share of ownership in the property. When it comes to an owner wanting to sell their share, there are usually buy-back provisions in the contract where the developer or the company in charge or selling the fractions buys back that owner's share/fraction at a pre-determined price and taking into account market appreciation. Hope this answers your questions. Again, in the video I linked, the representative from one of these companies, describes in detail how this type of investment works.

[@hoppeanofasgard1365]

@@FreedomPlaya The buy back option doesn't sound appealing, chances are they will undercut you. everything else sounds good though. Thanks!

[@FreedomPlaya]

@@hoppeanofasgard1365 Hey there! Sorry, just seeing your response on here. I’m impressed that you actually went and watched the video I referred you to :) W.r.t. Buy-back option, I’d have to double-check with this particular company but with another company that offers fractional ownership there is a contractually specified year-over-year passive appreciation % taken into account.

[@hoppeanofasgard1365]

@@FreedomPlaya sounds good, what the name of that company? let me know once you have more information. Thanks

[@todd.westra]

The falling dollar can have a domino effect on our savings and investments. This video offers practical advice on how to hedge against currency depreciation. It's a wake-up call to prioritize strategies that can preserve our hard-earned money.

[@FreedomPlaya]

Thank you kindly Todd for your supportive comment.

[@locks4]

I have a feeling that alot of properties will come back on the market as resales😢

[@FreedomPlaya]

Hi there :) Which properties are you referring to? And why do you say that if I may ask?

[@locks4]

@@FreedomPlaya Hi, i'm not reffering to any specific properties. I'm just alluding to the aspect of Americans and canadians being able to pay off toward the properties in a cash crunch ( unless they paid for the properties outright)

[@FreedomPlaya]

@@locks4 Thanks for clarifying. Depending on how precipitous the decline of the dollars is and how soon those closing dates are, that is indeed a risk factor. Thankfully we do have some loan options available for Canadians, Americans and other world citizens that could come in handy at closing time. I'll be doing an updated webinar soon on financing options for Americans, Canadians and other international buyers for Mexico real estate.