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Updated about 5 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Faridy Nathan
1
Votes |
5
Posts

Interest rate in Mexico can you still get to invest?

Faridy Nathan
Posted

Hi everyone. I live in Monterrey mexico and I have reviewed the options to get a loan to buy and rent a house. However, due to the high interest rate we have in Mexico (9 to 12%) I haven't found a way to buy a house and rent it and leave mw with a poaitive cash flow. Can any one help me to find out how it is done?

anyone with expirience in this area?

Most Popular Reply

Replied

@Faridy Nathan I think your best bet is to contact independent real estate agents that know people mostly wanting to get rid of their properties and do a flip on them, I've been looking for deals for the past 3 months in my town and there's nothing that will leave a positive cash flow, my best find lately would have left me on the same level even though I calculated to increase the rent, Mexico's real estate market is kinda hard, not saying impossible but definitely hard

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