Condo rental in Cancun, Yucatan / Mayan Riviera - Gorgeous 2 Story Corner Penthouse/Caribbean Sunrises, Bay Side Sunsets - Property 241346

Story Continued:: I mean things in the condo I speak of were to the point of falling down from dry rot or falling off from rust & calcification. BUT, the place was really big with million dollar views everywhere. We were so excited I don’t think we realized how bad the condo really was. We were used to the near 100% financing in the states. Here in Cancun, we were ready to come up with the 20% down. Financing here was brand new. It was so new in fact, that it had never been done on non new construction investment property for outsiders. Which is probably why we never did get an approval of the loan. Have you ever bought something major in your head, only to find out you couldn’t have it? That’s where we stood at the 11th hour with the seller (Harry) due in from Germany to the real estate office in Cancun in 1 hour, fully expecting to sign a contract that didn’t exist. Please see “Story Continued” below, thanks.

Story Continued:: My brother & I were on the phone in the states to the Cancun realtor mulling over what to say to this man. Then in comes Mom over-hearing my conversation with the realtor, she signals me to cover the phone. I excuse myself & listen. You have to know Mom. Never met a more passionate, fun, idea filled positive thinking person to this day. She says, “offer him a sizable down payment and see if he will finance you just for a year, until you can re-finance the condos in Cocoa Beach again”. We offer this (high interest rate for him/and he can get the property back if we don’t perform) and he takes it. We get lucky one more time before the big crash and are able to pull out money to close. But Harry was not returning our repeated messages when we were trying to set up the closing. This went on for weeks. We knew he must be avoiding us in an attempt to keep the money and the condo. But then, a rather ferocious little friend came along named Wilma.

Story Continued:: Wilma annihilated the condo. Immediately after that, a funny thing happened…riiiing, “Hello Rodney this is Harry”. The rest as they say, is history. Then, the real estate values that had gone up the fastest, fell the hardest. The market tanked, and we were ravaged financially speaking. We put a ton of sacrifice & sweat equity into remaking the Cancun condo what it is today. During this time we lost Mom to a wicked cancer. She was working strong right here in Cancun just two months before she passed. She brought in a small army of women to help her clean up from all the construction work. But through it all, one thing that has remained a rock, a constant was the refusal to not offer our very best with these vacation rentals. I now co-own just one condo, it’s here in Cancun. I rent out a few others, only here in Cancun. When approached about renting out a prospective property, I usually respectfully decline. Because…