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-   -   ROI Deals on New Construction Condos (http://www.playa.info/playa-del-carmen-forum/76738-roi-deals-new-construction-condos.html)

sanluisdavid 05-12-2017 10:13 AM

ROI Deals on New Construction Condos
 
Does anyone here on this forum have any first hand experience with these guaranteed ROI deals with GMB or other developers? Are they legit? Do they take into consideration everything including the HOA, insurance, etc? GMB is promoting some projects with 8-13% ROI guarantee. I find it hard to believe they can guarantee such high returns when there are so many units coming onto the market.

absoluteAL 05-12-2017 10:20 AM

Quote:

Originally Posted by sanluisdavid (Post 2179260)
Does anyone here on this forum have any first hand experience with these guaranteed ROI deals with GMB or other developers? Are they legit? Do they take into consideration everything including the HOA, insurance, etc? GMB is promoting some projects with 8-13% ROI guarantee. I find it hard to believe they can guarantee such high returns when there are so many units coming onto the market.

From Wikipedia:
"There's a sucker born every minute" is a phrase closely associated with P. T. Barnum, an American showman of the mid-19th century, although there is no evidence that he said it. Early examples of its use are found instead among gamblers and confidence men".

That says it all, IMO.

sanluisdavid 05-12-2017 10:43 AM

Quote:

Originally Posted by absoluteAL (Post 2179263)
From Wikipedia:
"There's a sucker born every minute" is a phrase closely associated with P. T. Barnum, an American showman of the mid-19th century, although there is no evidence that he said it. Early examples of its use are found instead among gamblers and confidence men".

That says it all, IMO.

I am just curious as to how they could possibly guarantee the results, not pay out, and still keep their reputation intact. Especially a company like GMB who is building units at an incredible pace, selling out projects very fast, and guaranteeing these ROI deals. If a lot of people were actually getting screwed you would expect their business model to collapse within the first couple projects since word would definitely travel fast.

absoluteAL 05-12-2017 12:11 PM

Sent you a PM :read:

jmf_tracy 07-21-2017 05:55 PM

interested as well
 
Hello,
I am considering buying a GMB condo as well.
I am interested in knowing about this as well.

absoluteAL 07-21-2017 08:19 PM

Quote:

Originally Posted by jmf_tracy (Post 2186005)
Hello,
I am considering buying a GMB condo as well.
I am interested in knowing about this as well.

ROI numbers that salesmen are spouting out = bull:poo:, at least IMO.
I will call you next week when I get back from my trip.

jmf_tracy 07-21-2017 08:20 PM

thank you Allan.
Have a great trip.

absoluteAL 07-21-2017 08:29 PM

Quote:

Originally Posted by jmf_tracy (Post 2186030)
thank you Allan.
Have a great trip.

Da nada. Talk next week. Get those questions ready.

loomis41973 07-21-2017 08:45 PM

Quote:

Originally Posted by sanluisdavid (Post 2179269)
I am just curious as to how they could possibly guarantee the results, not pay out, and still keep their reputation intact. Especially a company like GMB who is building units at an incredible pace, selling out projects very fast, and guaranteeing these ROI deals. If a lot of people were actually getting screwed you would expect their business model to collapse within the first couple projects since word would definitely travel fast.

Sell fast and furious with fake promises.....Don't need to be in business long to make a mint before you change the name..etc.

casadiva 07-22-2017 04:30 PM

Buying a property to use as a LEGAL rental is complicated. Make sure you do all your homework before considering it. Taxes, forming a Mexican corporation, limited private use...

reddogmax 07-22-2017 04:55 PM

Quote:

Originally Posted by casadiva (Post 2186092)
LEGAL rental

There in is the key to never making the ROI they hype. One must collect IVA/ISH, pay MX income tax...

absoluteAL 07-22-2017 05:38 PM

Quote:

Originally Posted by reddogmax (Post 2186093)
There in is the key to never making the ROI they hype. One must collect IVA/ISH, pay MX income tax...

Everything is legal in Mexico until you get caught!

Bluespicker 07-22-2017 05:52 PM

I've been told(take it for whatever you want) that the city has hired five people just to check online rental listings.....Airb&b etc to make sure the taxes(income and others) are being paid. We'll see if anything comes of it. .

claudiadeplaya 07-25-2017 05:29 PM

GMBis advertising a project called ZulimPark. Some RE Agents tell me this is all reserved already. I live in the neighborhood, they are planning 19 condominiums in a one family lot. They have no permits and chances are they will not be able to build there unless corruption allows them. Be careful with Presale projects. It would be a headache to get your money back if they are not allowed to build after all.

jmf_tracy 07-25-2017 05:34 PM

Any info on the 1540 development?
That is the one i am interested in.


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