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2 January 2020 | 4 replies
1) I am planning on doing an early retirement out of the country (was thinking about living for few years in Europe or Mexico- because expenses are cheaper there) Lets say my living expenses are about $500-$600 per month...So, lets say I have 2 paid off rentals which bring me 2K in rent per month, so my passive income per year is 24K (minus some capex, lets keep 20K per year for simplicity)All of my other rentals are not paid off, but all rented out and all break even... total amount of mortgages 350k+170k+45K+390K, monthly mortgage payments are approximately 2K+1.5K+$550+2.9K respectively.But, tenants are paying rents and I am breaking even...Would I qualify for any mortgages in this case?
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17 January 2020 | 55 replies
@Jeremy A.Your question in Maine is like asking:How do I screen against Gay peopleHow do I screen against ChristiansHow do I screen against people born in Mexico How do I screen against African Americans if they apply online.If you feel it is the community that responded to you wrong, I suggest you look at what you asked.
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8 November 2019 | 35 replies
Have either of you done work with MHP in Arizona or New Mexico?
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10 January 2020 | 56 replies
Have 2 properties in small town New Mexico, and am looking for new market to buy next properties.
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20 November 2019 | 9 replies
@Oscar Flores LEARN AS MUCH AS YOU CAN....AND NEVER STOP LEARNING!
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18 November 2019 | 2 replies
If you start now, you could likely replace your W-2 income by the time you are 40 and then choose to continue working, switch to real estate investing full-time, or sit on a beach in Mexico and live the easy life.
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22 November 2019 | 5 replies
@David Flores you can recommend to the bank whatever you want, if they listen is an entirely different story.
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7 December 2019 | 17 replies
@Kevin BraninI’m in New Mexico, and our landlord tenant laws allow us to enter to conduct a requested repair any time with 7 days of the request without any additional notice required.
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4 December 2019 | 14 replies
Long story short, I am creating a New Mexico LLC to be the holding company and owner of children LLCs created in the states of the properties (currently in Illinois and Missouri).