International Real Estate Investing on my first property.

[Kane Rosanegra]

OK, so here I go. First, I am a new investor, but I have recently made some pretty good connections with bankers in Mexico.Because of this connection I was able to get in on a list of foreclosures in Mexico City. Through that foreclosure list I was able to purchase a 4 bedroom 3 1/2 bath for just under 50k. It took me some time and a lot of work to save up the money. I am not rich.

The property itself is a condo in a well maintained building with low fees. It is also in one of the best locations in Mexico City and has already been evaluated at about 450k. Which was a pretty sweet deal.

So far I had a few issues:

1. I had to set up a Mexican investment business which ended up costing me about 3k.

2. I had to learn the language. For obvious reasons this was difficult.

3. The litigation process too about 6 months.

4. I'm not sure about where to get find private lenders that function internationally.

5. One is that the unit is out of date and I would like to bring it up to date with less money out of pocket which should cost about 5-10k.

I guess my question to you guys is, what do you think of this situation? Is it strange? Do you guys know any lenders that function internationally?