All Forum Posts by: Pollyanna Gomez

I want to sell a property in Tijuana. It need some work. It's vacant. Good location. It has a house up front, and 4   2 bed/1 bath  apartments on a back. 

But where to start? How to find an investor who'd offer me a deal in Tijuana? How to determing value of this?

Any recommendations?

Thank you

I bought a turn key property  in January 2020 for $180K.

I did not do any additions or anything. Just simply renting it out. 

Recently got a mail from escrow company saying that there is a shortage and my monthly payment will be significantly increases. 

I checked out realtor.com and this is what I see.

How is it such a huge tax increase? What should I do?

Hi guys,

I am buying a single family residence for $87K.

When I got real numbers everything changed. 

Now I am now sure whether it's a good deal or not. 

Is there any quick rule to see whether I should proceed with the purchase or not?

The house price is $87 K

Thank you 

Thanks Jonathan. 

So you saying if I plan to hold this property for more than 10 years then its completely makes sense? Thank you 

3.1! that's awesome! to get such low interest rate depends on a state you are in as well?

My current interest rate on my primary residence is 4.375%. (30 years, fixed).

According to my loan officer I can save $211 per month if I lower it down to 3.5% and bring $19K to closing (to get rid of mortgage insurance).

I am not planning to sell condo anytime soon, in fact I want to keep it as investment property in a future. 

Current interest rates are very low, and I really want to take advantage of it. But putting this much money would that be a good investment?

Thank you 

Thank you guys!

Hi guys,

I am buying a turn key property and title company asking me if I want to purchase a owner title insurance.

I do understand what owner title insurance protecting you from, but isn't it a title's company job to make sure there are no any clouds on the property? No other owners and the property is clean and ready to be conveyed?

So if yes, then in simple words I a buying this insurance to protect myself from title's company mistakes?

Another thing, If I am buying a turn key property, that means when turnkey company bought that property, they for sure already make sure there are no any liens on it, is that correct assumption?

Thank you

Hello guys, My name is Pollyanna. I am new to BP community.
I live in San Diego, CA

My family owns a fourplex and a house in Tijuana, Mexico. It is in a good area, close to US border, shops, restaurants...basically everything. 

I am a dual citizen and perfectly speak Spanish. 

All units used to produce good income when my grandma was taking care of it. But for the last 10 years the property just stays there vacant. 

All units need some TLS. I already met up with a couple of contractors and , according to them, the renovation cost gonna be maximum $50K.
Monthly gross Income should be around $2600-$3000K.I am really interested to jump into this project and become a rental property investor.
But honestly, I am afraid. 

I'd have to borrow the money from private investor or so. I never done that before.

Does anyone here have any experience investing in Tijuana? 

Maybe you can recommended me where to start?

Are there any pitfalls I should be aware of?

Any advise would be appreciated. 

Thank you guys