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Puerto Vallarta: Hands On The Wheel

Hands on the Wheel We have learned it’s best to keep hands on the wheel while driving in Puerto Vallarta and eyes on the road. While cruising along recently with our visiting granddaughter in the back seat, we stopped at a light and pulled...

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Puerto Vallarta: US Politics In Mexico

What is it about the popularity of Bill and Hillary Clinton in Mexico, including Puerto Vallarta? The country adores them! It’s not just that Mexicans don’t like (to put it mildly) the opposition; they also have a Mutual Admiration Soci...

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Puerto Vallarta: Birders Welcome

Birds of Puerto Vallarta Some of our regular habitants have flown back north for the next few months. Humans have also left but it’s the birds we’ll miss the most! We love the birds of Puerto Vallarta. Many of them winter here, just as w...

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Yes, Vallarta Is Growing

Puerto Vallarta has long been a bustling, active town. It didn’t start with the Hollywood invasion, though the way some people talk, Vallarta was nothing but a sleepy fishing village before the event of movie-making. Las Peñas, as Puerto Va...

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2016 Vallarta Real Estate Fair Is Big Success

This year’s Vallarta Real Estate Fair had a record turnout with more exhibitors and attendees enjoying the fair than ever before.  The highlights of the Fair were the two seminars that were heavily attended by locals, buyers and sellers.  L...

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Help Means Jobs In Puerto Vallarta

Friends who recently moved south for the winter have begun to settle into their new homes and several more are on their way. These people have begun to realize the benefits of south-of-the-border living in Puerto Vallarta and shed the fears...

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What Would You Do If….? In Puerto Vallarta

By TREGROUP · July 14, 2016 Jellyfish and Other Seashore Sightings Barnacles (balaño in Spanish) are always something to be aware of when wading in saltwater, though they are not as plentiful on the beaches of Puerto Vallarta as one...

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PUERTO VALLARTA REAL ESTATE FAIR 2015

PUERTO VALLARTA REAL ESTATE FAIR 2015 The annual Vallarta Real Estate Fair is the perfect opportunity to get the important information Buyers, Sellers, and Homeowners need to make the most of their real estate investments.  The 2015 Fai...

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Puerto Vallarta Folklore Festival

Puerto Vallarta Folklore Festival No one wants to miss Puerto Vallarta’s Twelfth Annual Vallarta Azteca Festival of International Folklore. This year the event joins Puerto Vallarta’s centennial anniversary celebration, begins this comin...

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Top Ranked Restaurants in Puerto Vallarta

Nowadays using the internet it's really easy to find great places to go when traveling, so we went online to search for the best ranked Restaurants in Puerto Vallarta, using the help from Tripadvisor.com, we found the top most popular place...

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Smile, Dance & Nap in Puerto Vallarta

Have you noticed how friendly everyone is here in Puerto Vallarta? We walk down the street and all the Mexicans we pass bid us a good morning, afternoon or evening, depending on the time of day. “Buen dia“ (have a good day) is often a c...

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Shop Tonala: Escape the Vallarta Heat

Escaping the heat of Puerto Vallarta in August is a good time to check out the tianguis (flea market) in Tonalá. Although everyone thinks Tonalá is in Guadalajara, it’s actually a municipality of Jalisco, bordered by Juanacatlán, Tlaqu...

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Is Puerto Vallarta The Friendliest City?

Many years ago, upon one of our first visits to Puerto Vallarta, before we decided to make our residence permanent, we read a sign on our way into the city from a day trip returning from Sayulita. We’d just crossed the border from Nayarit...

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Best Burger in Vallarta

Best Burger in Vallarta Puerto Vallarta has so many great restaurants. Some specialize in steak, others in shrimp, and there are many countries whose palates are represented, from Middle Eastern and Chinese to Eastern European and South Amer...

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Real Estate or Residential Notes—What Makes a Good Deal?

Finding good residential and real estate notes

I really can’t tell you how many times I’ve been asked the question: Is this a good note deal? So, first, let’s consider why people ask this question. I think it’s because they want to hear your response or opinion of what a good note deal actually is. Although I’m honored that those who ask me value my opinion, I don’t want to do them a disservice by giving them a simple “yes” or “no” answer. Besides, what’s a good note deal for me isn’t necessarily a good note deal for someone else. When a real estate investor, who’s getting started in notes, asks me about a note deal, I try to explain my take on it by relating it to a real estate deal.

So, What Makes a Good Real Estate Deal?

At first, sometimes it is hard to tell, or to know, if you have a good deal until you get some experience. Let’s look at real estate, for example, there are several areas of a deal where you can make money:

  • The buy – When I first started in Real Estate, I paid close to retail like most people, who are just starting out. Today, I would usually only buy properties from motivated, or distressed, sellers. Another way to find a good deal on the buy, is finding a discrepancy in fair market value or a property in lesser conditions.
  • Rehabbing the property – Although heavy rehabs tend to be more profitable, sometimes you can find properties that don’t need as much done and that can be turned around quickly. If you have experience rehabbing, you may also have more knowledge of what everything costs. Another skill set that can give you an advantage, besides creativity and the ability to rehab a property, involves managing contractors.
  • Management –Were your estimates accurate? Did you come in under budget? Did you finish the rehab in a timely manner? If you’re using private money, the longer the deal takes, the more it will cost you.
  • Shopping for financing – The time and effort it takes to find financing, as well as the type of financing you find, can affect the profitability of your deal. For example, private money is usually cheaper than hard money. Also, people with good credit get better terms.
  • Foresight – Your level of foresight can go a long way. For example, there was a property I paid retail for ($65,000), but I saw potential to build a commercial garage on an adjacent lot. Now, the property is worth over $200,000.
  • Marketing – If you’re skilled at marketing, you will get the property rented or sold quicker than someone, who’s not skilled at marketing.

Any of these things can turn an okay deal into a really good deal.

I remember when my cousin and I were investing in similar types of properties; he always had to get a great deal on the buy side because he can’t change a light bulb. I, on the other hand, I had a few advantages. For one, I was a …read more

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Vallarta Botanical Gardens Has a New Chapel

For those of you who have not visited the beautiful Vallarta Botanical Gardens lately, you are in for a fun surprise.  One of the fun new additions in the non-denominational Our Lady of the Garden Chapel were concerts, weddings, ceremonies...

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