![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3116595/small_1725978512-avatar-chrisk747.jpg?twic=v1/output=image&v=2)
17 November 2024 | 33 replies
That is usually executed a few days before closing.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2558449/small_1664752739-avatar-davidp1199.jpg?twic=v1/output=image&v=2)
15 November 2024 | 13 replies
The contract I could find says the following:```...together with the right of ingress and egress at all times for the purpose of mining, drilling and exploring said land for oil, gas and other minerals, and removing the same therefrom.And said above described land being now under an oil and gas lease originally executed in favor of [Oil Company], Chicago and now held by [Oil Company] it is understood and agreed that this sale is made subject to said lease, but covers and includes of all the oil royalty and gas rental or royalty due and to be paid under the terms of said lease.It is agreed and understood that of the money rentals which may be paid to extend the term within which a well may be begun under the term of said lease is to be paid to the said [purchaser], and in the event that the said above described lease for any reason becomes cancelled or forfeited, then and in that event, the lease interest and all future rental on said land, for oil, gas and mineral privileges shall be owned jointly by [owner] and wife and [purchaser] each owning & interest in all oil, gas and other mineral in and upon said land, together with interest in all future rente.This sale is made for and in consideration of the sum of Ten Dollars, cash in hand paid, the receipt of which is hereby acknowledged.To have and to hold the above described property, together with all and singular the rights and appurtenances thereto in anywise belonging unto the said [owner] heirs and assigns forever, and we do hereby bind ourselves, heirs, executors and administrator to warrant and forever defend all and singular the said property unto the said [purchaser] heir and assignee against every person whomsoever lawfully claiming or to claim the same or any part thereof
10 November 2024 | 19 replies
You can't compete against the all-inclusives unless you offer complimentary food and booze or you're cheap, as you seem to be confirming.This being said:1) Properties in Mexico/Cancun trade in USD so you have no foreign exchange risk in Mexico while properties in Colombia are traded in COP, the Colombian peso, which has been tanking over the years, eliminating any hope for capital gains for American investors.2) You can get a mortgage in Mexico but you can't in Colombia so even with lower revenue, Cancun would likely still be more profitable, even if you don't take capital gains into account.3) The political risk is much higher in Colombia, especially at this present time.Is Cartagena a bad investment?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1504107/small_1661383510-avatar-liamn17.jpg?twic=v1/output=image&v=2)
9 November 2024 | 5 replies
For example, I'm with a local (not local to you) American Legion that is always open to conversations.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2819667/small_1704981504-avatar-jonahs40.jpg?twic=v1/output=image&v=2)
11 November 2024 | 9 replies
You will likely need access to six-figure cash or loan to execute your plan before your long-term financing.Can you piggy back on the seller's bigger project?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3099441/small_1730862554-avatar-stephaniec390.jpg?twic=v1/output=image&v=2)
12 November 2024 | 8 replies
Even though I don't have long hour blocks in my day where I can dedicate to REI education or execution, these little efforts each day have taken me further than I was just a few months ago and will continue to take me much farther in my REI journey.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/182136/small_1728924093-avatar-scotttrench.jpg?twic=v1/output=image&v=2)
26 November 2024 | 86 replies
As a local government executive I was sued twice (in my capacity as city manager), have been sued once by an insurance company (abrogation effort) and once by a private individual (stepdaughter in car accident in my vehicle).
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2961662/small_1709270212-avatar-henryr128.jpg?twic=v1/output=image&v=2)
14 November 2024 | 10 replies
However, it's important to have your plans ready upfront so that you can execute it full speed when the time comes.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2940301/small_1708641244-avatar-kyles949.jpg?twic=v1/output=image&v=2)
13 November 2024 | 23 replies
My assumption was that this was our way to work around using a bridge execution early on, but correct me if I am wrong here.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1645528/small_1694580925-avatar-stevenh297.jpg?twic=v1/output=image&v=2)
12 November 2024 | 47 replies
The transition of planning to executing has been a mess though.