Dave Ramsey
π€ SpeakerAppearances Over Time
Podcast Appearances
The Mexican government technically owns the house, and you're the beneficiary of the Mexican trust.
Right.
So it's a little weird, but there's billions and billions and billions of dollars of American money in these trusts in Mexico.
The likelihood they're going to go through and take all these American money away and not have an invasion from the north is very low.
So there'd be a problem.
So I'm not worried about it.
uh you know uh at all uh in terms of the you being scammed or something like that as long as you've checked out the particular condo you're going into um making sure stuff like the hoa fees aren't going to go through the roof and that kind of junk um so you know make sure you got all that nailed down and that the condo ongoing cost to make the ongoing cost to manage it may make the purchase price look small by the time you're through
And who's covering that?
How are you covering that?
You make $60,000.
You want to cover the expenses with the rental and the rest of it's family.
Yeah, that's...
probably harder than the salesperson is making it sound.
But it can be done.
It can be done.
I mean, I have friends with stuff in several different neighborhoods around Cabo and Puerto Vallarta and maybe even a few in Tulum and some of those spots, and they all get the pitch that the rentals are not easy.