Hello Dana, For that purchase price in Brooklyn, NY, you could be looking at considerable unknown expenses at this point.If the property is occupied, you'll have to factor in attorney fees and holding costs while you wait to gain access to the property.Furthermore, you could be facing additional costs related to title issues: open permits, violations, liens, judgements, etc.

Purchase price: $250,000 Cash invested: $50,000 Primary house hack.

Here the explanation and benefits:A Bank Trust or Fideicomiso allows foreigners to acquire property within the restricted zone, which includes areas within 50 kilometers of the coastline or 100 kilometers of the borders.

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.

Why do you think purchase contracts are so long and have such small print?

I’m considering either buying a rental since it’s cheaper or purchasing a flip if the market is booming enough.

I am curious myself on how purchasing a wedding venue business would turn out.

This includes a hotel, winery, mobile home park, parking garage, debt fund, etc.

I found it very unlikely that the government would not want to get their piece of the pie, especially if they had purchased a new primary home.Donyou have a Tax Code or Publication Number you can share so I can study up and understand your thought process more in depth?

I've personally found the bulk of my Chicago purchases off the MLS.