@Andrea Flores the standard rate is 25%, the number does vary lender to lender.  

We have a total of 6 units (located in New Mexico), the last being a 4 plex that we purchased in April of this year.

I mean really, I might make more chasing opportunities in Iraq or Turkey or Mexico, about the same difference, it takes a good manager on site, a local attorney to take out the trash, taxes may be an issue but gee, returns should be considered if you're getting outside your own neighborhood.Now, I did think about Detroit, so much in fact that I had a dream about the Motor City, which ultimately led be to decide to stay in my own backyard,My revelations in the middle of the night gave me a more realistic view of investing outside my realm of better understandings.

@Jerry PoonI like your question about What happens if MEXICO has an outbreak?

I just upgraded to PRO last night, and I wanted to start off my membership by networking with other like-minded investors and wholesalers in the Albuquerque, Santa Fe, Taos, Farmington and Las Cruces areas, as well as anywhere else in New Mexico that real estate exists... :-)My thoughts are to start a Skype group, Facebook group, LinkedIn group or any other way to connect on a regular basis and share our thoughts, deals, tools, connections, etc.

I would love to hear from anyone that is involved in Mexico.

@David Krulac   AS long as Mexico is still on the planet LA will remain LA  along with all the other influx from other nationalities...

I was born and raised in Jersey City, but live out in New Mexico and invest in Oklahoma haha...so I understand the struggle when it comes to deciding where to invest.

In New Mexico, where I am, the simple answer is, if you own it, you can rent it yourself without a license.

@Laura Flores  We were going to use a hard money lender to fund the purchase and rehab costs. 16% interest rate, no points, 90% LTV.