It does take a long while to master these distortions and find the right side steps, but once you figure it out (and simultaneously grow a pair ;) you'll be pleased with the results.

That way they have some guarantee that they do have a lien, and once you have paid then note off, you have guarantee that they no longer have a lien on the property).2.Pair up with one or two are investors to do your first couple of jobs.

It seems their problem is that the renovation budget is too high in relation to the purchase price, paired with the fact I plan on renting it out.

You also have currency considerations whereby the canadian dollar has slide dramatically over the past years.

In my experience, a well connected attorney saves you a lot of effort and grief, paired with an experienced real estate professional who knows both the market and professional builders, and you are well on your way to a safe investment in Mexico.

They will be able to pair you up with a lender that can fund your specific transaction on a case by case basis.

I would not have bought in Clinton Hill, Bed-Stuy, Ditmas Park, Windsor Terrace, all in Brooklyn.I would never have seen rents and appreciations which moved up 5 times the purchase price, 10 times the purchase price, etc.I would not be purchasing MORE investments, this time at $2 Million for a multi-family.If you really want to Invest in these higher appreciation areas, you should really put some thoughts into the Future Financial Maths, the Pro-Forma 10 year Projection Business Plans, the Economic activities in the areas, the cycle that I described above, and for international cities like NYC and SF, global fluctuations in Currency risks as foreign money moves from higher risky international areas (think Venezuela in today's current economic news) to less risky International cities.Just some food for thought!

Moreover, the risk of investing in Colombia is much higher, including the political and currency risks, the lack of knowledge of the local laws and of a local presence, ....

Money is currency which means it always needs to move, when it stops moving it eventually becomes worthless.

The Dollar is strong against other currencies because we are the best of the worst case scenarios in the World.