• Preheat the oven to 340°F (170°C).

For the caramel:

• In a deep saucepan, heat the sugar with the water. Let boil until caramel is formed. Don´t let it get too dark because you risk it burning.
• Pour the caramel into the flan mold(s). Let cool.

For the flan:

• Mix the eggs with half the sugar in a large bowl. Don't beat it, just mix.
• In a deep saucepan, heat the milk with the remaining sugar, stirring until the sugar dissolves. Before it boils, remove it from the heat.
• Pour the milk over the eggs, stirring vigorously until well incorporated.
• Strain the mixture into the prepared molds and cover them with aluminum foil.
• Cook in a double boiler for about 30 minutes, if you use individual flan molds, 40/50 minutes if you use a big one. Keep in mind that all ovens are different.
• Let cool and place the flan in the refrigerator covered for 24 hours.
• To unmold, separate it from the edges with a knife, place an upturned plate on top, and turn it over.