Investing In Oaxaca Mexico

[Trudy Pachon]

Hi All,

My husband and I are in beautiful Oaxaca, Mexico and are currently in the process of buying a home. 

Here's the details:

It's a 3 x 2 home, in a beautiful neighborhood called La Cascada about 15 minutes walking from the center of town. It's a fixer upper. It has ugly interior and we will be rehabbing it to live in eventually.

It has a small studio house in the back which can be Air B and B.

We put down 50k and the owner is financing the rest for us. We convinced her that seller financing was a great way to go. She doesn't need the cash right away, and she gets to earn 10% on the rest of the loan. 

We have a loan out currently and will pay off the seller in about 6 months. 

Rental income is about 1000k per month in the front house and we will use the back house as a vacation rental until we permanently move to Oaxaca in 1 to 2 years. 

Any comments or suggestions? Questions? We still haven't signed the final papers with the notario! 

We are happy to share our experience with anyone who might be interested.