All Forum Posts by: Duncan Forbes

Investment Info:

Condo other investment.

Purchase price: $118,000
Cash invested: $118,000

Tried to buy a place during the pandemic in NY but was getting outbid like crazy over 100k, so I was lucky enough to buy a condo in tulum mexico and do a short term rental.

1 bed, 1 bath, with community pol, 15 minutes away from the beach and 15 minutes away from the city.

What made you interested in investing in this type of deal?

It was a challenge

How did you find this deal and how did you negotiate it?

Through a client and a lot of research and connections through my Personal Training Industry

How did you finance this deal?

Cash

How did you add value to the deal?

N/a

What was the outcome?

Getting a lot in equity, barely anything in Cashflow.

Lessons learned? Challenges?

So many, please message me for details

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

All across sea's

Hey Everyone!   thank you SO MUCH :)

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