Nico Wilmes is the founder and CEO of Los Amigos Tulum, the top luxury real estate developer in Tulum, Mexico.
In this conversation, we talk about the Mexico Real Estate Market, Luxury Real Estate, Short term rentals in Mexico, Tulum Real Estate and go into detail on Los Amigos Tulum development.
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Show Notes
0:00:00 Welcome and context
0:02:01 What initially attracted you to Mexico?
0:05:16 How Los Amigos Tulum started?
0:16:00 What gets you excited about Mexican Real Estate?
0:19:59 What are the main fears with investors for investing in Mexico?
0:22:31 What hurdles do you help investors overcome?
0:28:00 How did the drone come in as an amenity?
0:30:30 Investors receiving a portion of the short term rental profits
0:32:33 What kind of rental yields investors can potentially receive?
0:36:41 What are the key drivers for tourism in Tulum?
0:39:40 Is the current situation good for US investors to go after Mexican Real Estate?
0:43:14 What amenities are people getting from buying from Los Amigos?
0:44:36 What are the average rental incomes for an investor like?
0:47:55 The risks from the Pesos to US Dollar exchange rates?
0:52:07 What are some of the additional fees for real estate in Mexico?
0:55:31 What surprises foreign investors see in Mexico?
1:00:11 If you were about to do this thing all over again, where would that be and why?
1:06:04 Where can people find out more about Los Amigos Tulum?
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