BC I know has a property purchase tax for everyone and an extra one for foreign investors.

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Tell him that you are running out of funds and you hadn't planned on the extra 20% he's charging on each bill. 

Three Months ago, low to mid 6's were available.Rates are going to continually fluctuate but if you have a way to earn 10+% on your capital, the TIME you are not using it is going to cost you way more than the extra .5% per year will.You are walking over dollars to save pennies if you are waiting for the perfect rate, half of the people who held out on getting mid 6's were waiting for high 5's.

There is usually extra charges on closing to pay for that service… but it is minimal.All the best!

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

So if I understand, you would get a loan the normal way and then the bank trust is an extra fee that comes along with owning the property in Mexico?

They also know about real estate so less likely to charge you extra fees to get an appraisal or BPO because they can estimate the value themselves.

Our current mortgage terms include a late fee after 5 days, so they’re already paying extra each month and have to split the total monthly payment up between 2-3 payments when they get their pay check.

If you don't have the extra cash, can you get creative with a private lender or partner stacked on bank debt?