Jose Flores Thank you for the solid advice, very helpful.

There are, of course, holding costs, etc...Make sure wholesaling is legal in New Mexico.

Some of the things I've done on deals: They get: equity in a deal A new property to manage I get: someone to sign on a loan with me (if they have a large balance sheet and good liquidity and you don't then this is a good strategy for starting out) alignment of interests on mgmt (since they now get upside) additional equity in the deal (if they raise it and/or invest in the deal themselves) But, proceed with caution: As @Carlos Flores said, you need to be able to fire them as a property mgmt partner if they don't perform.

To me, blue water is a delicacy because I grew up with the Gulf of Mexico - which is mostly brown.

However, I'm not Colombian so I don't have the same calling as you and so I gave the priority to other "similar" countries, like Mexico and the Dominican Republic.

Northern New Mexico, especially Taos or Santa Fe is an amazing place to flip houses if you can do the work yourself or if you have a GC friend who wants to go in on a deal.

So, if Mexico charges 21% and the US 25%, you pay 25%.

Agreed, possible New Mexico area might work because lower taxes and roughly same rent, just a 45 minute drive.

Will I live in New Mexico, we don't have state income tax here.@ J Scott - Thank you!

Beth DeclercqAt Carlsbad Caverns in New Mexico, they had so much bat guano, that they had to haul it out in dump trucks and sold it as fertiziler.Hopefully, your problem is not that massive.