Filing/recording the mortgage is what establishes the creditor/lien position and puts your ahead or behind other creditors who may be using the same property as collateral (secured and perfected vs secured but unperfected).

Demand for housing in Bali exceeds availability, and favorable construction costs, salaries, regulations, and taxes make Bali an attractive destination for real estate investors.As @Benjamin Werner mentioned owning property in Bali works a bit differently than you probably would expect.

They know the local landscape and can guide you toward the best neighborhoods and opportunities, helping you avoid costly mistakes.By leveraging the relationships that local investors have already established, you can quickly build your Core 4 with professionals who understand the nuances of the area.

If we held on to the home, and are able to establish a decent rent rate/month through STR or potentially even LTR, my thought was to then move forward with a cash out refinance with a 30 year set rate mortgage and only take out enough equity to keep the monthly payments at a rate we know will cash flow with our established rent rate/month. 

That supply bump has leveled out since 2023 and in 2024 we are starting to see metrics creep back up, albeit slowly.On the regulation front, the City of Columbia passed and reasonable regulation for STRs in city limits as of 10/1/2023. 

Educate Yourself ContinuouslyMarkets change, financing options evolve, and new regulations emerge.

An established Business doesn't require them to do lot of marketing.

Last think to consider when purchasing a home is utilizing a 401k loan if you have a 401k established.

Here’s a step-by-step guide to help you through it:**Understand Local Regulations:**First, you need to check with your local city or county to see if the zoning laws allow for this conversion.

You must establish a contingency fund, pay closing costs, and save for the down payment.