
11 January 2025 | 11 replies
There was a learning curve about investing in Costa Rica and the costs associated with it and financing and everything else.

11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.

17 January 2025 | 3 replies
The Mexican corporation, generally advised if you buy multiple properties, given the higher costs.

15 January 2025 | 3 replies
I have a two questions with regards to a 1031 exchangeThe first one is if I were to sell a property for 500,000 its paid off can I buy 3 new properties that cost 200 thousand each or does it need to be one property greater than 500,000?

11 January 2025 | 7 replies
Security Deposit: 2600Lease states no smoking/painting walls/no hanging things on wallsTenants have moved out and have left two truck loads of garbage to be removed.Damaged doorPainted walls which got on the ceiling and trim Lots of holes on the walls throughout the houseDamage from windows being left open constantly Weed was clearly smoked in the house (smell throughout the place) so we need to deep cleanWater bill wasn't paid so I had to turn back on utilityMissing keyQuoted costs:$450 junk removal (some furniture)$935 for damaged doors/windows, painting cleaning$30 for utility turn onTenants were only there for a year before moving out so a lot of this is beyond normal wear and tear.

12 January 2025 | 2 replies
Account for all costs, including closing fees, holding costs, and repairs.

10 January 2025 | 16 replies
Travel costs to look at other properties.If you travel but have not identified the property that you want to buy yet, the cost is considered an investigating cost.

14 January 2025 | 1 reply
I have a large lump sum saved in an investment account for down-payment and any additional costs.

16 January 2025 | 26 replies
While metrics like square footage or price per square foot matter, the number of bedrooms, bathrooms, and overall location are often more critical for attracting tenants.Engaging a property manager early on can save you from costly mistakes and help you invest in properties that perform well in the rental market.

14 January 2025 | 28 replies
My current solution of using Baselane is by far the most cost effective and easiest, but it still requires that I spend time bookkeeping.