That allows me to get my rates down considerably.

Updated Breakdown for Foreign BuyersLet’s get real for a second.You found a $250K–$500K property in Tulum or Playa del Carmen… but that’s not the final number you’ll be wiring.In Mexico, you need to budget for closing costs, which are typically 7% to 9% of the property value — depending on structure and location.Here’s an updated and realistic breakdown of what you’ll pay as a foreign buyer:💸 1.

Not speaking for Erik but I think he meant save enough money for a traditional downpayment and reserves so you can get competitive financing. 

I’m brand new to real estate investing and excited to finally take the first step toward getting involved.

@Bruce Woodruff i plan on starting an electrical business once i get my masters, on top of what i have going in real estate. 

Specifically Multi Family.I need advice on how I should get into this.

You have to wait for them to get ahold of you. 

I had goals of getting into real estate for years, and this was the perfect first time buy.

Get a structural engineer to draw the house and show you where you need piers.

I am fortunate enough to also learn from Yunis as well, and get an inside look at how everything works with this flip.