Instead, the property is held through a fideicomiso, a bank trust where you are the sole beneficiary with full control, rights, and the ability to sell, rent, will or transfer.Financing is tied to that trust which protects you and aligns with Mexican law. 3.

Planning to rent the property? 

In my area, you can get the sales price from the property deed. 

The small business world is great but I'm looking to move into being a full time landlord with many rental properties.

I would really appreciate any resources you can share that would help me in my rookie investing journey.Presently, I’m getting some listings through an agent that I found in Bigger Pockets.I live in Florida and will  be investing in Detroit.2-4 property type.Thanks Absolutely, feel free to reach out via DM and I can send you some resources.

But the return on that investment can be life-changing if you stay consistent and surround yourself with the right people.Since you're just getting started, one path that might be worth exploring is turnkey rental properties in the Midwest and Southeast of the country, especially if you're looking for something more hands-off while you build your knowledge base.

The property is on Vacasa, VRBO, Airbnb, and has different prices on all three.

Is the property in Hammond or Chicago area?

Normally, the IRS wants you to depreciate your rental property over 27.5 years (39 for commercial properties).

People can still search for a property that meets their needs and provides the best price.Also competition is a good thing!