Pamela Rivas
Can foreigners buy Real Estate in Mexico? Legal process explained!
16 January 2025 | 4 replies
This means you can sell, lease, or pass on the property as you see fit, just like any other property owner.Full Ownership RightsYou have the same rights as a Mexican property owner, including the ability to sell, lease, transfer, or mortgage the propertyLegal SecurityThe Bank Trust is a well-established legal mechanism in Mexico, ensuring your investment is secure and protected under Mexican law.Renewable TermsThe trust is set up for 50 years and can be renewed indefinitely, allowing you and future generations to maintain control over the property.Estate PlanningThe trust makes it easier to pass the property on to heirs, simplifying the inheritance process and reducing potential legal complications.Although the process might initially seem complex, it is entirely managed and supervised by a reputable banking entity.
Joshua Patterson
Property Manager and Investor
20 January 2025 | 5 replies
I’m looking in the DFW market initially and I’m definitely open to any words of wisdom and/or mentorships.
Apryl Skahill
How to get spouse on board?
19 January 2025 | 1 reply
It takes double the money and triple the time than you initially planned for.
Matt McNabb
Building Future Cashflow Portfolio
15 January 2025 | 14 replies
Because I need cashflow proceeds to start being withdrawn in 2 years and not today, I'm looking for how I can build up the empire with a larger portfolio with continued investments beyond the initial $250k now.
Jennifer Fernéz
Help with this deal!
18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.
Aaron Fischer
Transition to Inspira Financial Trust from Quest Trust Company
8 January 2025 | 0 replies
I know we all experienced a significant disruption at the initial transition, but it's now been almost 60 days.
Cristina Melo
Is Boots on the Ground by Brian Grimes a Legit Program
2 January 2025 | 13 replies
With the profit from the first deal I would pay for the initial investment technically.
Dean Sexton
New to real estate investing. Quick question
15 January 2025 | 3 replies
Washer/dryers are often abused, so there's the initial cost of purchase and the risk of increased repairs.
Gene D Stephens
Looking for Advice on Investment/DSCR loans
8 January 2025 | 10 replies
Your initial terms will vary based on your investment experience, but generally, you want to plan on needing 20% of the purchase price if you're a newer investor and the lender will cover 100% of the rehab.
Nicole Graziano
Tax's: negative income made on flips
3 January 2025 | 4 replies
(120k total)2nd house we are making a profit of 120k but this "profit" would literally pay us back for our initial investments into our LLC together we used on the first house ...anyone have any idea how the gov.