All Forum Posts by: Duncan Forbes

Thank you!

Hey! 

Yes. Most of the banked have domestic and international fees between $35 to $40 per wire transfer

so I guess, it’s kind of the same maybe a little bit better 

hmm. Thank you! 

Hey @Mike Lambert! Thank you, I did check them out. They are pretty expensive. And Im looking to do small transactions for Electry Bills and everything . Thank you though!

Really appreciate it!

Hey @Henry Clark!

These are transactions to pay Bills such as internet, utility, water...but also to recieve monthly income payments as my place will be rented out as an Airbnb. And ultimately, at the end of each quarter, I would send my income money over to me in the US (and have to only pay one wire transfer fee)

Thanks!

Hello!

  Hope all is well Everyone! I was hoping someone would have some experience helping me with Foreign investing? I recently bought a condo in Tulum Mexico and I am not sure:

- Which US national bank makes international banking easy

- Not sure if I should get an account in a Mexican Bank (And what bank)

Any and all help would be AMAZING!  Thanks!

Hello Everyone,

Just looking for some direction. Looking to get an oversea rental property (mostly in mexico). Does anyone know:

- If there are Banks that do "Overseas" Mortgage rates?

- If the only way to get an oversea loan is a "Personal Loan," there where is the best place to get a personal loan?

- Any additional information on how to finance an oversea's purchase of a rental property?

Appreciate it

Hello Everyone, 

   Just looking for some direction. Looking to get an oversea rental property (mostly in mexico). Does anyone know:

- If there are Banks that do "Overseas" Mortage rates?

- If the only way to get an oversea loan is a "Personal Loan," there where is the best place to get a personal loan?

- Any additional information on how to finance an oversea's purchase of a rental property?

Appreciate it

Thanks @Evan Polaski, @Rick Martin and @Justin Goodin

You guys gave GREAT feedback. I should of probably clarified exactly what I am looking for. 

So I am planning on using the BRRRR Strategy.

Taxes - Check

Purchase Price - Check

After Repair Value - Working on it...i know this is tough. But Bigger pockets says get Comps from an Agent (I got 3) and then compare my (For example, my Multfiamily house [2B/2B]) property to other 2b/2b and look for what has SOLD. From there...I slightly get lost...If I imagine putting in an extra 20k into redoing work, should I ADD 20k to what a house sells for + Repair values?

Purchase Cost - Check (Usually 1-2% Biggerpockets says, so I put in 2%)

Estimated Repair Cost - So I figured Maximum of 20k

Downpayment - 10% (Getting pre approved for a mortgage right now as we speak). 

Loan Fees and the rest of the boxes - Check

Amortization - 30 years

Refinance - After 6 months (Banks don't let you refinance until after 6 months?)

Estimated Rehab Time - 3 Months 

Refinance Loan Details - I saw on bigger pockets that banks usually refinance up to 70% of the ARV Value AFTER all the work has been done?

Rest of the boxes on the BRR calculator - Check

Now here is my main Question. MONTHLY INCOME. Since I will be living in ONE unit, but renting out the other unit, Should I put the INCOME of one Unit as ZERO since I am living in that unit? And the other INCOME as whatever RENTOMETER says in that area for a 1b/1b?

That's really just what I wanted to know. Thank you for taking the time to read all of this!!! I hope I can repay back somehow!

I really do appreciate both of you helping me out! Thank you so much!