My primary home is currently valued at 450K and I owe 248k...The reason I want to do this is because with the cash-out (50k) I can completely pay-off a second home I purchased 5 yrs. ago in Mexico; the interest rate on the mexican property is 10.5%...The mexican property is a nice two bedroom ocean front condo that I currently rent out for $1200; I purchased the property in Mexico to have as a retirement option in the future (15+years).  

I thought it was cool, but I'm the mom who took my middle-school kids to stay in a travellers' hostel in Mexico and ate from the food trucks . . .  

Alejandro Flores

We have several properties in Albuquerque, New Mexico that are C- type properties that don't appreciate much, but cash flow well, so we are comfortable with that.  

I say this with the experience of opening several small business in CA, Texas, Mexico and the Philippines.

Chinese buyers led the pack for the fourth straight year, followed by buyers from Canada, the United Kingdom, Mexico and India.""

(China, Russia, Japan, India, and Mexico top 5) are driving up prices.

Going from Midland west out to Pecos and up into New Mexico.

Matt, due to the time of year we're leaving my wife and I do not think it's the best idea to drive from Alaska to New Mexico in the heart of the winter or else I would.

Newbie here... I'm trying to get back into real estate after a loooong break. Well, my REI didn't actually launch. I flipped one house with a tidy profit right before the bubble burst in 2008. I got discouraged, then ...