The hard part with selling is you have such a cheap interest rate.

Then you throw in hard money that costs you another 5k.

Anyone looking to invest in cheap real estate here, check me out!

Watch this podcast and learn the lesson the cheap way. 

It may just seem like a small amount because the properties there are pretty cheap, but if you back-calculate the property tax rate, it's relatively high (not Texas high, though).

I dont have any experience in this market but have looked into it a little bit, I know that you can get the houses pretty cheap there but my concern was with the long term appreciation - I dont believe it is a highly desirable place to live and so there wont be much appreciation -however that is just my opinion and I really didnt look into it much,  I think it would be a cool place to live as I go to Monterrey all the time, but its hard to say. 

Hi All, Had an idea (very beginning stages) and wanted to throw it in here and see what others think of it.

His strategy is to buy CHEAP properties for $30,000 sell them for $79,000.

However, considering the cost of the loan docs, and the amount at stake, this is not the place to cheap-out.

If you have never done this as a full time business I will throw caution to the wind it is not as easy or as profitable as online forums make it out to be, and if you need money for living this probably is not going to sustain your lifestyle for the first several years.