If I knew the level of wealth I would have attained in real estate investing, I would have started right around your age.

You mentioned that this process would be called an improvement 1031 exchange or is there a certain terminology I can use so he knows what I’m talking about?

You mention that she would reinvest the $2.5mil into passive long term 1031 compliant investments - does that mean another real estate property?

I mentioned that I have access to an additional $150k based on the quality of products available.

He mentioned in conversation that SFH start at around 50k there while here the minimum is 100k.

They mentioned they work with lenders that provide up to 5% seller carry back but no more than that.

Originally I planned on living here for another four years before relocating out of state due to the cheap mortgage payment and the house itself being a better fit size wise for my needs than the houses I’ve been living in, not to mention centrally located.

Someone else mentioned looking into amortization.

@James RocksI'm certainly not going to contradict you, as I've been investing in Mexico and Playa del Carmen for the reasons you mentioned and some.Yet, Colombia is a great place to invest and you can make much better returns than those mentioned if you do the right investment.

Hey @Brian Barcelona,First - congratulations on saving $20k at your age, most Americans don't have more than $1,000 in their savings account, so that in and of itself is quite an accomplishment.I would concur with @John Warren, find something that cash flows and get into it!