bien explicado hombre. y algo de historia mexicana tambien. beachfront o 37 km de la frontera no se puede fuera de que tienes carta bancaria. Visados son 4 años a la vez
Do you have a Mexican birth certificate and Identification? If so, you can buy as a Mexican. There is no naturalization, through heredity. To naturalize, you have to get an FM2 for five years, than take the test where you gotta know the history and stuff. Just like when you naturalize in USA.
@@SergioChavezmundo-ecuestre Sergio I have the same question, kind of. I want to get my Mexican citizenship (dual) because my parents were born in TJ but when they became U.S. citizens, Mexico took their citizenship away. What type of Mexican citizenship would I get in order to buy property as a Mexican? Just a Mexican birth certificate? Whats an FM2 ? I eventually want to buy beach property as a Mexican citizen. Thats my goal.
@@peacedeepsleeprelaxation2677 You can buy beach property, without being a Mexican or without having an fm3 or fm2. Mexico can not take away natural born citizenship. Your father can get a birth certificate and get a mexican id and vote. If you are born in USA. You can get your dual citizenship by going through the immigration process. First you would become a resident (fm2), for five years. Than you take the history test and oath. Just like immigrants becoming citizens in the usa. Most of the foreigners that live here already became mexican and stay year round. We have a big community of expats living and working and owning businesses down here. I grew up in Texas. El Paso Strong. That's my home, because that is where I grew up. I did not think Mexico was like this, when I moved down. I believed everything in the news, lol. Now I see things in a very different way.
Hi Yasi, thank you. I have adhd too like yourself. If I dont slow down, i will be all over the place. but i do speak faster now in the most recent videos. thank you
Gracias Sergio por la informacion. We bought a lot in Guanajuato, Guanajuato Mexico on December 10, 2019. It is 92 mt2 with a Panaromic view of GTO. Since my wife was born in Tamaulipas, MX we have it under her name since she has dual nationalities. We hired an architect and plan to build a house with 3 plantas and a sotano. We hope to start and finish construction in 2020. One thing I will say is that I was amazed an how well Mexican real estate holds its value and continues to appreciate. We believe that hour vacation home will be a good investment due to low cost of taxes and maintenance. Unlike the USA. Good luck to all.
Are you looking at this video, because you bought time share? Time share is not real estate. When you buy Fractional real estate, you do own a specific property. Time share is a membership to a vacation club. Sometimes when people buy time share, they feel they are buying fractional. When investing money in a foreign country, take your time to look up the information. If you get hustled into something that sounds too good to be true, it probably is.
Nationals don't need a trust to buy real estate in the forbidden zone. The trust is about 700usd per year. Every other cost is the same. Property taxes are the same no matter nationality.
Mexico invited Canadian mennonites to come live and work in Mexico. We welcome foreigners since approx 1920. Menonites live in Cuauhtémoc chihuahua. They were granted benefits and tax free. Mexico needed to learn to be productive because right after that is when we all became farmers. We became farmers after pancho Villa revolution. 1920 approx
Thank you Mr. Chavez for the great information video. I own 2000 foot of river front land in La Huasteca San Luis Potosi with the best view of the surrounding MTNs and valley. I am a retired American. I and my Mexican wife got it from her Tia and turned it into private land in one hour in San Luis Potosi and I think it cost 400 dollars. It's in my name only and I have the title. I pay taxes on this land every year for around 100 dollars. If you are 50 miles away from any Mexico border or ocean you can buy and own land just like any Mexican and just like in the USA. I can't see any difference between Mexico and the USA, It's a property title, that's it, but only outside of the free zone. I actually think it's easier in Mexico if you are 50 miles away from any border or ocean. Within the 50 mile zone it's called the free zone which means you can drive from USA across the border and drive anywhere in the free zone with no Mexico Visa, come and go as you please, and stay as long as you want. So Mexico Baja California is almost all free zone. I used to drive to La Paz, Cabo, Rosarito, Ensenada all the time in my USA car and no need to get a car permit, and your USA drivers lic. is good all over Mexico. I bought Mexico car insurance on the USA side for 1 year at a time and less than my USA insurance and it works, had a guy hit my car, and the Mexico insurance company paid for my car in 3 days. I used to go to Ensenada every Sunday or Puerto Nuevo for the fantastic Lobster. I ended up moving to TJ and crossed the border everyday to my job for around 13 years. If you are in the free zone you have to get a bank trust for any property, it's sort of like a lease that is renewable, sellable, and rentable and willable. I have spent 10 years and close to a million dollars clearing and landscaping my land and now it's like a golf course. I provided allot of jobs to the locals here for over 10 years and still do. I used to have my light sport airplane on it but sold the plane to a good friend. The Mexican people here love me and help me to no end. Most of the land around here is farm land and the ranchers are some of my best friends. I might be selling the land if anyone is interested but it's not cheap. It would be great for a large hotel, restaurants, and homes, etc. It's the best land anywhere around here. As for the people that had there homes taken away from them South of Rosarito Baja CA., they bought ocean front lots from a crooked real estate agent and the land '''''WAS farm land''''', not private, and it was in the free zone!!. Later the farmers or Indians or Govt. discovered this and wanted there land back. I don't know all the details but I did meet a guy that bought from the crook. They gave the people I think it was 10 years to get off the land. These Americans built beautiful homes, and they were mad!! It was there fault for not doing a title search, knowing the rules about the free zone, farm land, etc. etc. Of course everyone blamed Mexico which was not right. The real estate crook disappeared of course with all there money. Back then I had a Mexican buddy that moved homes for a living. He offered to move there homes. He could have took those homes apart and moved them for little money, and put them on a legal lot somewhere else. Of course this would have been an expense for these people but at least they would still have there homes but in a different location. I herd a foreigner can start a Mexican corporation and that corporation can buy land, etc. anywhere in the free zone, don't know if it's true? I was born in USA Minnesota and grew up on a farm when young. I love Mexico and it's people, and I also love the USA, but my cost of living here, and the freedom can't be beat, and the best tacos on the planet using stone ground corn hand made tortillas and the hottest chilis I have ever had. Cattle ranches everywhere so fresh beef and pork. I am 8 to 10 hours from the USA border, 8 hours from Mexico City, and 3 hours from Tampico which has beautiful beaches and hotels.
The farmers meet the first sunday of every month. All through Mexico, they have meetings to talk about the irrigation canals and such. For example here, the farming stops right about this time of year. The rainy season is starting. The irrigation canals cannot be used. The farmers bring the cattle down the mountains, cattle roundup. After the rainy season the cattle go back up the mountain for grazing.
@@SergioChavezmundo-ecuestre Thank you. Are there any benefits to becoming a Mexican citizen a few years after I buy a house? Yo sé residencia permanente sería bastante fácil obtener (en mi caso por lo menos) pero ciudadanía es posible despues de 5 años vivir en el país, cierto?
@@prime8nate Cierto. The mayority of the retirees down here did become Mexican citizens. I will have to make a Video on that. Benefits may include healthcare. In Mexico everyone has free healthcare. You don't need to be a citizen to get a working permit. Working permits are easy to get and inexpensive. All it takes is a job to sponsor the working permit.
@@SergioChavezmundo-ecuestre Thank you so much for your information. I'm in my early 50s and would want to teach English (I actually am an English teacher). Now I just have come down and scout out locations when the virus is over.
By the way everybody, just looking around town there is so much new construction going up. Full time ownership condominiums. Mexico, we are definitely into the construction business.
VERY INFORMATIVE THANK YOU FOR SHARING. SADLY RICH AMERICANS ARE SCREWING EACHOTHER. THE MEDICINE INDUSTRY IS A PRIME EXAMPLE. WHEN I WAS IN CANCUN GETTING DENTAL WORK DONE, I WALKED TO THE PHARMACY TO FILL MY PRESCRIPTIONS. THE MEDICINE WAS MADE IN AMERICA AND WAS LESS THAN MY CO-PAY IN AMERICA. I ASKED THE PHARMICIEST WHY IT COST SO MUCH MORE IN AMERICA? THE PHARMICAST REPLIED, "BECAUSE THEY CAN!"
I live in N. GA. Real estate scams are common in the US. Foreign nationals can buy property in the US but being a foreigner in any country puts the purchaser at a disadvantage. There are some beautiful places in Mexico, but I would rent there if I wanted to do an extended visit. Mexicans have a beautiful climate and land. As an American, I like to see countries develop their unique culture and develop it to a level of attractiveness. Most people want to take pride their country. Just like America, there are areas to be proud of and areas that are the pits.
Mexico history reveals how the current situation has come about. But to be a modern country like Canada or Germany or Italy any one should be able to by land especially if they are going to live in your country. It's time for Mexico to join the rest of the world in property ownership. Your present system is very restrictive to your economy.
When we did that, we had a revolution. Pancho Villa Emiliano Zapata. Nineteen fifteen. So, we did what you just suggested 100 years ago. Now a days you can invest through a bank trust. You have protection this way for your property. The property is not part of the banks assets.
@@SergioChavezmundo-ecuestre what about not allowing foreigners to buy property in Restricted Zones! The law Denys all property within 100 miles of Mexican coast being bought by foreigners. That's Mexican law. It backwards and archaic. This is not modern 2020 capitalist economic development system.
@@Richardparent879 Foreigners have been moving and buying not leasing real estate in Puerto Vallarta since Elizabeth Taylor and Richard Burton 1963. Everyone knows they owned homes here it is not a matter of opinion. A bank trust is a deed. If you would like to see a copy just email me. We cannot sell the border to foreigners, national security. The only difference from a foreigner owning to a national is seven hundred dollars paid to the bank for their trust management fee. Everything else like property taxes is the same just like any other National. Bill Gates is one of the investors in Punta de Mita, four seasons. Not mention George Clooney buying Mexican Tequila companies and selling it for ONe Billion dollars. Sold it to Smirnoff Vodka.
I think a comparison should be made to owning property in Mexico and owning property in the USA. What is the difference legally speaking? I don't know the difference after I watched this video.
Muy bien explicado bro, it could sound boring for those who are not Interested in real estate in Mexico very informative video, i was very curious about the whole thing, but this person gave a very clear info.
My Dad could not own Property in Mexico because he was a U.S. citezen back in 1961 and only my Mom was able because she was a Mexican Citizen... My Dad had a friend which was an Mexican Attorney, Named Lic. Victor Moreno Living in Mexicalli nd this was the Law as we were Told!!!
I thank you for the history lesson on Pancho Villa and the land situation. I have a friend who is on the sex offender registry who was living in Mexico and had girlfriend and happy life down there. In 2017 the USA past the international megans law and when he tried to return to his home in Mexico after visiting his mother in the USA he was no allowed to inter Mexico anymore. When do think the Authorities in Mexico will understand that this notice that is sent out when a person on the registry tries to visit Mexico that this person is not wanted by the USA for any crime. They are attempting to make it almost impossible for a registrant to travel anywhere outside the USA for the purpose of inflicting punishment unjustly on that person. An ex convict who was convicted of murder or bank robbery could visit Mexico with out any hindrance while someone who is on the registry for urinating in public would be turned away at the border.
please ignore these racist and rude people saying negative things unrelated to the video they are pathetic and obsessed with their political narratives. don't stoop to their level, you are doing a great service with this information
Sergio, it is so sad to hear that they basically did the same thing there to the poor people as they did to my ancestors here in America. What happened to us after slavery was call "Sharecropping." There really was no "sharing" of the profits of what black people grew. They were "allowed to live on the plantation. It sounds very similar to the hacienda system. So sad. Mexico did the right thing to keep their farmland in the hands of legitmate Mexicans. I am considering retiring in Mexico. I spent some time in Yucatan and Quintana Roo. I love the energy, music, the food, sounds, and vibrant life in Mexico. And its close to the US. It make sense not to sell your beach and borders to foreigners.... very smart.
Thanks Sergio, Y sabes.... Como me ENCANTA el acento Mexicano cuando la persona se habla inglés! Qué cultura tan fascinante. 🇺🇸☻🇲🇽🌹(San Francisco, December 10th, 2017)
I have an additional question for clarification. If buying a house in Mexico what should I ask a real estate agent to make sure the house will belong to me and no possibility to get home taken away in future? How can I verify on my own that the home is on public registry?
You can walk into City Hall and verify in Catastro. If the property is there it is good to go. If it is not registered than it might be farmland and not residential.
Some years ago it was reported that dozens of Americans invested their life savings into beach front properties along the Baja California coast and they were so happy on their investments. Also at that time D.Trump also was gonna invest in to building a resort there under his name. Well, what happened caused all the Americans living there to loose their house and even belongings and Trump immediately back out of his interest there. A caravan of jeeps filled with state officials and armed soldiers pulled in one day and told all the residents to grab their belongings and go whithin 30 min. They claimed the land had a 100yr lease and the lease expired and they were taking it back. Mexico is and always will be as corrupted as the presidents in he past that have ripped off its finances In the past. These are 100% facts.
This is really interesting info....we want a place with enough yard space to grow our own veggies and stuff south of Guadalajara... Rural land would be better...house can be super simple but we need a place for growing things.
Nice Job Sergio in giving Layman's terms on owning land in Mexico which is almost like leasing land in Hawaii which is cheap if your at least 25% Hawaiian then lease for $1 a month!
That was very much appreciated information. I am seeking to find my coastal property. Would you please assist in this list of characteristics? . Clean . Open air, space, natural light . Mountain views . Open cottage in/outside . 1-2 bedroom . Large seamless glass shower . Very movie film romantic mecican style/1940's. . Not ornate . Simple
Two big questions, what area do you like and what budget would you like to stay in? If you don't have the answer to these questions than we can go looking around when you are here. It is important to pin point the location you like, its all about the location location location. I can represent you in acquiring any property once we find it.
We offer security through our expertise. Owning real estate in Mexico has been done by many since the 60s. When the proper procedure is followed there is no risk! If you dont inform yourself correctly, you will get taken advantage of! We offer a full disclosure service, we market only legal properties at the right prices.
Sergio Chavez you couldn't give me a property in Mexico for free...I'm so happy our President Trump is building a wall....The bigger, the better. BTW>>>You still are a very poor corrupt drug cartel and cop corrupted country. Your country is also full of scam artists and crooks. That place is a lawless gangsters paradise where farmers are forced to grow poppy seed in their fields for the drug cartels and businesses pay extortion money. You sound like a scammar yourself.
Sounds like you had a bad experience. There is crime and poverty everywhere in the world. I was afraid and believed everything you just mentioned too before coming. Took me six months to realize i had it wrong.
penny davis oh yeah, the USA is much safer...if you don't mind all the shootings at schools, churches,malls , movie theaters, concerts, marathons etc. And let's not forget that the USA is bombing countries left and right, while the CIA is financing all the cartels, but I don't expect you to know that, you're too stupid/busy eating your big mac with fries, while watching the kardashians.
penny davis, then why did you watch this 😂 Nothing wrong with choosing which corrupt President you back but really ignorant remarks aren't necessary here. You sound as hateful as Trump. This guy is obviously way more educated than yourself.
awesome video my friend. lots of information. thank you..im thinking of buying property down there and retiring. .what most intrusted in is the price of a home. maybe some day you could make a video of some examples of homes and how much they cost. that would be so helpful..😀😀
Buenos dias buenas tardes o muy buena noche! cual quier tiempo sera cuando udsted lea esta carta! I will continue in English because you speak muy bien el Ingles and I'm sure you can read it just as well. My name is Markos.I live in Chaparra,l New Mexico about 20 kilometros por este lado de la frontera de Mejico.I am thinking seriously of moving permanently to Mejico after selling my place here in Chaparral. I have some very good friends (more like family) there in Puerto Vallarta,actually their casita is in Paso Ancho.i have lived in Mejico on and off for over 50 years and i speak fluent Spanish and I have 2 college degrees in Mexican American Studies with a minor in bilingual(Spanish) mulisubject education .I graduated with honors out o the Ethnic Studies and Education departments of SSU in Cotati,CA.in the year 1984. I have taught ESL for INSunder the Amnesty provisions for about 4 years in the early 1990s and have been a bilingual legal counselor and family social service advocate in Sonoma County CA.If you care to know more about me and my plans,please email me at wwmarkush@aol.com. I just heard your telephone number on your video,which I was listening to while writing this comment,so I will try telephoning you tomorrow(Friday May 11th) in the early afternoon. If you are located in Vallarta you should be on Central Time,an hour later than I am here in Chaparral,so I'll try telephoning you between 2-3 pm your time esta bien? Adios por el present Sergio! Ojala que podremos ser buenos amigos y posibliamente companeros de negocios en el Futurito.Bendiciones!!! Markos
We offer security through our expertise. Yes foreigners can own private property in the restricted zone. Foreigners have been investing in the real estate market in Puerto Vallarta since Richard Burton and Elizabeth Taylor.
Actually, when there are sellers that want to sell their properties for more than their worth we have to tell them how it is. We protect both buyer and seller. There are three types of appraisals that we use. We will very much make sure that our buyers are paying a fair price for the right property.
Mr. Carlos, if you need representation we can help. That's what we do. We do not work with any development in particular. If you had a bad experience and need help let us know.
Mr. Carlos, which property did you buy? Who was the selling agency? Who represented you? Sounds like you overpaid for your property, but it sure was not through us. Sergio Chavez has been in the real estate business in the bay since 2006. Please contact us if you have any doubts at 044-322-779-3123 or sergio@lighthousevallarta.com lighthousevallarta.com/blog/
Not boring. Very well explained with honest consideration for those who really want to protect themselves and make wise real estate decisions. Thank you. Hoping to find a little affordable non beach or farm land in Huatulco.
Peoples who think the key to Mexico’s future is foreign land ownership or a property system similar to the US do not really understand the average Mexican citizen. The land in MX is made up with Ejidos so that the average campesino can have the right to graze their animals or grow some crops without having to buy some land or even lease it. Just like Sergio explained here. If you think his history lesson about lands ownership is boring just go ahead and try and buy some land without knowing anything about it. You will need to either marry a native Mexican or spend the money to pay for agents and even lawyers (notaries) to help you. And if you know nothing about the lands history the other locals people will probably grow to resent your presence in their country. Even if you do end up getting a property. Better to learn something about where you are going and then go with it. When you come to the new place and think they should all be the way it is where you come from, you might as well just stay where you’re at.
You have not had to marry or have a Mexican business partner to own land as a foreigner (even in the restricted zones) since 1994. Ejido are granted lands by the government in constitutional ammendments but have to respect state survey coordinates, the problem is people don't get official state surveys and do not register the survey with the state. The old catasral system is a mess with conflicts from one municipality to the other and that can be a problem.
@dan riley The info above is correct, but ironically I did have a recent experience. Apparently my lawyer got the survey done, and according to the surveyor he was asked if he wanted to use the "actual" co-ordinates or where the local Ejido had marked the lot, for some reson he chose the latter, and I have since re-surveyed to find the lot lnes have moved west 8 meters. Good thing I hadn't built yet!
@@staffordeuinton3952 That's very common because at one time your lot belonged to a huge lot of many hectares. When the ejido is turned into the city for urbanization, its not just one farmer turning in his lot, its all farmers that belong to that one farming community or ejido. There is a Certificado parcelario for farmland, if you have this than you can get a trust or deed depending on your location. I never dealt farmland to foreigners because for 1. its illegal and 2, cases like yours.
That's correct my friend. I never deal with ejido just to avoid the problems. Never believe when someone says "its farmland but you can get a Thrust". This process can take up to ten years depending on the Certificado or titulo de propiedad. All this is dealt directly with Mexico city. Tribunal Agrario in Mexico city.
Overall a good video explaining landownership in Mexico. BTW. Although Pancho Villa is known to Americans there are the other revolutionaries, Orozco, Zapata & Carranza who were important in ending of the Porfiriato dictatorship, verdad? Fast forwarding to the aftermath of the assassination of President Madero, the bloodshed & poverty that ensued resulted in an estimated 200,000 refugees fleeing Mexico during the Revolution. & many of their families do not regard Pancho Villa as highly as he is often portrayed. Que te vaya bien!
Most of those that ran away were going to be prosecuted for being the Hacendados or their families. They were the right hand men of the dictaror or president that relected himself for so long (Porfirio Diaz). Pancho Villa was son of an Hacendado and Maid. His birth was to be kept secret because the family did not want everyone to know the hacendado had slept with the maid. Pancho Villa was looked at as an enemy of the state because he fought the government and invaded U.S.A. Columbus N.M.
Hi Mr. Angel Shining, Financing became available in USD to Americans and Canadians in 2008. Mortgages in Pesos with Mexican banks have been available forever. However, the peso is not recommended for investment purposes as you may be aware. Financing is Available only to those properties that are legal or Private properties. No Financing from banks is available for Farmland, specially because no one owns it specifically. Hopes this answers your question. regards, Sergio Chavez Lighthouse Vallarta Real Estate
Foreigners use their home equity for buying beachfront properties in Mexico. This way you keep the low interest rate you already have. Getting a Mortgage on a property in Mexico also doubles the cost of closing fees.
Mundo Ecuestre so then Mexico suffers from Feds owning their land too and people have to pay to use it huh? Same in America, no one owns land anywhere, their just led to believe they do 😄😔
The bank trust fee is approximately $600 USD/ year? Is this a set fee for the duration of the agreement or can the bank raise the fee during the time you use their trust? Thank you for this in-depth explanation.
This can be a set fee for the duration of the agreement, however you need a realtor to make sure this is done. There are banks that do raise their trust administration fee every year. Great question.
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Muchisimas gracias Sergio una lección muy informativa e valuable, mil gracias.
Estoy para servir. gracias por tu correo.
Gracias por la informacion Sergio tenia dificultad para entender la diferencia gracias
bien explicado hombre. y algo de historia mexicana tambien. beachfront o 37 km de la frontera no se puede fuera de que tienes carta bancaria. Visados son 4 años a la vez
Thank you
Always loved Mexico and the people. Sweet, family oriented. Was better in the 1970' '80's.
Nowadays everything is commercial and expensive. Back in the 70 and 80s puerto vallarta was virgin.
Mexico has come a long way in those 50 years.
Very informative and helpful, Sergio. Thank you!
What about if you were naturalized due to Mexican parents (double citizenship). Will you still be considered a foreigner?
Do you have a Mexican birth certificate and Identification? If so, you can buy as a Mexican.
There is no naturalization, through heredity. To naturalize, you have to get an FM2 for five years, than take the test where you gotta know the history and stuff. Just like when you naturalize in USA.
@@SergioChavezmundo-ecuestre
Sergio I have the same question, kind of. I want to get my Mexican citizenship (dual) because my parents were born in TJ but when they became U.S. citizens, Mexico took their citizenship away.
What type of Mexican citizenship would I get in order to buy property as a Mexican? Just a Mexican birth certificate? Whats an FM2 ? I eventually want to buy beach property as a Mexican citizen. Thats my goal.
@@peacedeepsleeprelaxation2677 You can buy beach property, without being a Mexican or without having an fm3 or fm2.
Mexico can not take away natural born citizenship. Your father can get a birth certificate and get a mexican id and vote.
If you are born in USA. You can get your dual citizenship by going through the immigration process. First you would become a resident (fm2), for five years. Than you take the history test and oath.
Just like immigrants becoming citizens in the usa.
Most of the foreigners that live here already became mexican and stay year round. We have a big community of expats living and working and owning businesses down here.
I grew up in Texas. El Paso Strong. That's my home, because that is where I grew up.
I did not think Mexico was like this, when I moved down. I believed everything in the news, lol. Now I see things in a very different way.
@@SergioChavezmundo-ecuestre
Thank you Sergio, thats very helpful 🙏
Informacion bien explicada. Gracias por aclarar el proceso Sergio!👍
Excellent information and answered several of my concerns. Muchos Gracias.
Very good information, but please speak faster on the next viedo, i was getting anxiety watching this one.
Hi Yasi,
thank you. I have adhd too like yourself. If I dont slow down, i will be all over the place.
but i do speak faster now in the most recent videos.
thank you
Can US residents own outright? What about a trusts?
Suzie Q hi Susie yes us residents can buy as foreigners through the trust system on the restricted zone
Mundo Ecuestre gracia!
I would like to get a place there, will be reaching out soon!
but foreigners can only buy private property that is coastal, not inland? thanks
foreigners can buy private property that is coastal and inland as well.
and it is not a matter of opinion, legally foreigners can buy private property that is coastal and inland as well.
Gracias Sergio por la informacion. We bought a lot in Guanajuato, Guanajuato Mexico on December 10, 2019. It is 92 mt2 with a Panaromic view of GTO. Since my wife was born in Tamaulipas, MX we have it under her name since she has dual nationalities. We hired an architect and plan to build a house with 3 plantas and a sotano. We hope to start and finish construction in 2020. One thing I will say is that I was amazed an how well Mexican real estate holds its value and continues to appreciate. We believe that hour vacation home will be a good investment due to low cost of taxes and maintenance. Unlike the USA. Good luck to all.
thank you Sir good advice
Are you looking at this video, because you bought time share? Time share is not real estate. When you buy Fractional real estate, you do own a specific property. Time share is a membership to a vacation club. Sometimes when people buy time share, they feel they are buying fractional.
When investing money in a foreign country, take your time to look up the information. If you get hustled into something that sounds too good to be true, it probably is.
thanks for the information Sergio!
Interesting
what about Nationals?
Nationals don't need a trust to buy real estate in the forbidden zone. The trust is about 700usd per year. Every other cost is the same. Property taxes are the same no matter nationality.
Mexico invited Canadian mennonites to come live and work in Mexico. We welcome foreigners since approx 1920. Menonites live in Cuauhtémoc chihuahua. They were granted benefits and tax free. Mexico needed to learn to be productive because right after that is when we all became farmers. We became farmers after pancho Villa revolution. 1920 approx
Sergio Thank you for your information regarding to purchase real estate in Mexico Excellent learned a lot !
Thank you Mr. Chavez for the great information video. I own 2000 foot of river front land in La Huasteca San Luis Potosi with the best view of the surrounding MTNs and valley. I am a retired American. I and my Mexican wife got it from her Tia and turned it into private land in one hour in San Luis Potosi and I think it cost 400 dollars. It's in my name only and I have the title. I pay taxes on this land every year for around 100 dollars. If you are 50 miles away from any Mexico border or ocean you can buy and own land just like any Mexican and just like in the USA. I can't see any difference between Mexico and the USA, It's a property title, that's it, but only outside of the free zone. I actually think it's easier in Mexico if you are 50 miles away from any border or ocean. Within the 50 mile zone it's called the free zone which means you can drive from USA across the border and drive anywhere in the free zone with no Mexico Visa, come and go as you please, and stay as long as you want. So Mexico Baja California is almost all free zone. I used to drive to La Paz, Cabo, Rosarito, Ensenada all the time in my USA car and no need to get a car permit, and your USA drivers lic. is good all over Mexico. I bought Mexico car insurance on the USA side for 1 year at a time and less than my USA insurance and it works, had a guy hit my car, and the Mexico insurance company paid for my car in 3 days. I used to go to Ensenada every Sunday or Puerto Nuevo for the fantastic Lobster. I ended up moving to TJ and crossed the border everyday to my job for around 13 years. If you are in the free zone you have to get a bank trust for any property, it's sort of like a lease that is renewable, sellable, and rentable and willable. I have spent 10 years and close to a million dollars clearing and landscaping my land and now it's like a golf course. I provided allot of jobs to the locals here for over 10 years and still do. I used to have my light sport airplane on it but sold the plane to a good friend. The Mexican people here love me and help me to no end. Most of the land around here is farm land and the ranchers are some of my best friends. I might be selling the land if anyone is interested but it's not cheap. It would be great for a large hotel, restaurants, and homes, etc. It's the best land anywhere around here. As for the people that had there homes taken away from them South of Rosarito Baja CA., they bought ocean front lots from a crooked real estate agent and the land '''''WAS farm land''''', not private, and it was in the free zone!!. Later the farmers or Indians or Govt. discovered this and wanted there land back. I don't know all the details but I did meet a guy that bought from the crook. They gave the people I think it was 10 years to get off the land. These Americans built beautiful homes, and they were mad!! It was there fault for not doing a title search, knowing the rules about the free zone, farm land, etc. etc. Of course everyone blamed Mexico which was not right. The real estate crook disappeared of course with all there money. Back then I had a Mexican buddy that moved homes for a living. He offered to move there homes. He could have took those homes apart and moved them for little money, and put them on a legal lot somewhere else. Of course this would have been an expense for these people but at least they would still have there homes but in a different location. I herd a foreigner can start a Mexican corporation and that corporation can buy land, etc. anywhere in the free zone, don't know if it's true? I was born in USA Minnesota and grew up on a farm when young. I love Mexico and it's people, and I also love the USA, but my cost of living here, and the freedom can't be beat, and the best tacos on the planet using stone ground corn hand made tortillas and the hottest chilis I have ever had. Cattle ranches everywhere so fresh beef and pork. I am 8 to 10 hours from the USA border, 8 hours from Mexico City, and 3 hours from Tampico which has beautiful beaches and hotels.
Very interesting and easily understood.Thanks much.
Excellent presentation, very clear and explained in great detail! Thanks Sergio!
My dreams of working the land and driving a tractor in rural Mexico have been crushed.
You can do that on private property. Too bad you cannot be a part of the farming community. They get benefits like seeds tractors from the government.
The farmers meet the first sunday of every month. All through Mexico, they have meetings to talk about the irrigation canals and such. For example here, the farming stops right about this time of year. The rainy season is starting. The irrigation canals cannot be used. The farmers bring the cattle down the mountains, cattle roundup. After the rainy season the cattle go back up the mountain for grazing.
@@SergioChavezmundo-ecuestre Thank you. Are there any benefits to becoming a Mexican citizen a few years after I buy a house? Yo sé residencia permanente sería bastante fácil obtener (en mi caso por lo menos) pero ciudadanía es posible despues de 5 años vivir en el país, cierto?
@@prime8nate Cierto. The mayority of the retirees down here did become Mexican citizens. I will have to make a Video on that. Benefits may include healthcare. In Mexico everyone has free healthcare. You don't need to be a citizen to get a working permit. Working permits are easy to get and inexpensive. All it takes is a job to sponsor the working permit.
@@SergioChavezmundo-ecuestre Thank you so much for your information. I'm in my early 50s and would want to teach English (I actually am an English teacher). Now I just have come down and scout out locations when the virus is over.
By the way everybody, just looking around town there is so much new construction going up. Full time ownership condominiums. Mexico, we are definitely into the construction business.
VERY INFORMATIVE THANK YOU FOR SHARING. SADLY RICH AMERICANS ARE SCREWING EACHOTHER. THE MEDICINE INDUSTRY IS A PRIME EXAMPLE. WHEN I WAS IN CANCUN GETTING DENTAL WORK DONE, I WALKED TO THE PHARMACY TO FILL MY PRESCRIPTIONS. THE MEDICINE WAS MADE IN AMERICA AND WAS LESS THAN MY CO-PAY IN AMERICA. I ASKED THE PHARMICIEST WHY IT COST SO MUCH MORE IN AMERICA? THE PHARMICAST REPLIED, "BECAUSE THEY CAN!"
I live in N. GA. Real estate scams are common in the US. Foreign nationals can buy property in the US but being a foreigner in any country puts the purchaser at a disadvantage. There are some beautiful places in Mexico, but I would rent there if I wanted to do an extended visit. Mexicans have a beautiful climate and land. As an American, I like to see countries develop their unique culture and develop it to a level of attractiveness. Most people want to take pride their country. Just like America, there are areas to be proud of and areas that are the pits.
Muchas Gracias Sergio. La informacion que nos brindaste es de grandisimo valor.
Thank you....very informative !!!!!
A very informative and interesting explanation, it has some commonality with land history in some European countries.
Mexico history reveals how the current situation has come about. But to be a modern country like Canada or Germany or Italy any one should be able to by land especially if they are going to live in your country. It's time for Mexico to join the rest of the world in property ownership. Your present system is very restrictive to your economy.
When we did that, we had a revolution.
Pancho Villa Emiliano Zapata. Nineteen fifteen.
So, we did what you just suggested 100 years ago.
Now a days you can invest through a bank trust.
You have protection this way for your property.
The property is not part of the banks assets.
@@SergioChavezmundo-ecuestre what about not allowing foreigners to buy property in Restricted Zones! The law Denys all property within 100 miles of Mexican coast being bought by foreigners. That's Mexican law. It backwards and archaic. This is not modern 2020 capitalist economic development system.
So, it is set up this way so that we can protect the natural born citizen from Immigrants who want to kick the poor out.
This is for farmland only.
@@Richardparent879 Foreigners have been moving and buying not leasing real estate in Puerto Vallarta since Elizabeth Taylor and Richard Burton 1963. Everyone knows they owned homes here it is not a matter of opinion. A bank trust is a deed. If you would like to see a copy just email me.
We cannot sell the border to foreigners, national security.
The only difference from a foreigner owning to a national is seven hundred dollars paid to the bank for their trust management fee. Everything else like property taxes is the same just like any other National. Bill Gates is one of the investors in Punta de Mita, four seasons. Not mention George Clooney buying Mexican Tequila companies and selling it for ONe Billion dollars. Sold it to Smirnoff Vodka.
Please visit our website for more information
lighthousevallarta.com/
Thank you for insite of property ownership for foreigners.
Mexico as a country is into
Oil,
mining,
Medical,
Schooling,
tourism
and construction.
Excellent info.
Thank you for the easy to understand explanation.
Thanks so much Sergio for your very good explanation!! Have a Blessed Day!!
I think a comparison should be made to owning property in Mexico and owning property in the USA. What is the difference legally speaking? I don't know the difference after I watched this video.
Tony Nesta foreigners can buy residential properties but not farmland.
Muy bien explicado bro, it could sound boring for those who are not Interested in real estate in Mexico very informative video, i was very curious about the whole thing, but this person gave a very clear info.
Glad to be of service.
Sergio, thank you so much for taking the time to explain this!
My Dad could not own Property in Mexico because he was a U.S. citezen back in 1961 and only my Mom was able because she was a Mexican Citizen... My Dad had a friend which was an Mexican Attorney, Named Lic. Victor Moreno Living in Mexicalli nd this was the Law as we were Told!!!
Excellent video. Informative and genuinely interesting! Thank you for sharing a bit of the history of Mexico and the Mexican people!
Excellente! Muchas gracias.
I thank you for the history lesson on Pancho Villa and the land situation.
I have a friend who is on the sex offender registry who was living in Mexico and had girlfriend and happy life down there.
In 2017 the USA past the international megans law and when he tried to return to his home in Mexico after visiting his mother in the USA he was no allowed to inter Mexico anymore. When do think the Authorities in Mexico will understand that this notice that is sent out when a person on the registry tries to visit Mexico that this person is not wanted by the USA for any crime.
They are attempting to make it almost impossible for a registrant to travel anywhere outside the USA for the purpose of inflicting punishment unjustly on that person. An ex convict who was convicted of murder or bank robbery could visit Mexico with out any hindrance while someone who is on the registry for urinating in public would be turned away at the border.
No sex offenders or child molesters wanted in mexico, all registered child and sex offenders will be caught dismembered and decapitated.
please ignore these racist and rude people saying negative things unrelated to the video
they are pathetic and obsessed with their political narratives. don't stoop to their level, you are doing a great service with this information
In India we say Agricultral land where they farm those lands
Wow! Your explanation helped me understand some my families history different way concerning some land disputes between relatives. Excellent info.
Very informative........ thank you sir.
Thank you very helpful information
Sergio, it is so sad to hear that they basically did the same thing there to the poor people as they did to my ancestors here in America. What happened to us after slavery was call "Sharecropping." There really was no "sharing" of the profits of what black people grew. They were "allowed to live on the plantation. It sounds very similar to the hacienda system. So sad. Mexico did the right thing to keep their farmland in the hands of legitmate Mexicans. I am considering retiring in Mexico. I spent some time in Yucatan and Quintana Roo. I love the energy, music, the food, sounds, and vibrant life in Mexico. And its close to the US. It make sense not to sell your beach and borders to foreigners.... very smart.
Great Explanation...1
Foreigners can own or buy private residential property, but not farmland.
Thank you very interesting
Thanks Sergio,
Y sabes.... Como me ENCANTA el acento Mexicano cuando la persona se habla inglés! Qué cultura tan fascinante. 🇺🇸☻🇲🇽🌹(San Francisco, December 10th, 2017)
Hi Sergio, this is a great video and your presentation and describing the real estate in Mexico was captivating. Great history lesson too!
I have an additional question for clarification. If buying a house in Mexico what should I ask a real estate agent to make sure the house will belong to me and no possibility to get home taken away in future? How can I verify on my own that the home is on public registry?
You can walk into City Hall and verify in Catastro. If the property is there it is good to go. If it is not registered than it might be farmland and not residential.
Sergio, de antemano gracias por compartir su conocimiento en bienes raíces de nuestro hermoso Mexico. Excelente información.
Excellent Video
I have questions about some land can I email you ?
sergio@lighthousevallarta.com
i need a new Pancho Villa in cuba, to six the mafia there
Here is our experience buying property in Puerto Vallarta: ruclips.net/video/XR-qag3jvMA/видео.html
What % is notary fee?
Some years ago it was reported that dozens of Americans invested their life savings into beach front properties along the Baja California coast and they were so happy on their investments. Also at that time D.Trump also was gonna invest in to building a resort there under his name. Well, what happened caused all the Americans living there to loose their house and even belongings and Trump immediately back out of his interest there. A caravan of jeeps filled with state officials and armed soldiers pulled in one day and told all the residents to grab their belongings and go whithin 30 min. They claimed the land had a 100yr lease and the lease expired and they were taking it back. Mexico is and always will be as corrupted as the presidents in he past that have ripped off its finances In the past. These are 100% facts.
Thank you for sharing your knowledge
Thank you-
Very interesting ! Thank you !
Damn. That sucks. I was gonna buy 300 cows and 40 hectares of land in Valparaiso, Zacatecas.
Outstanding explanation. Thank you.
Good, easy to understand explanation of Mexican property rights.
This is really interesting info....we want a place with enough yard space to grow our own veggies and stuff south of Guadalajara... Rural land would be better...house can be super simple but we need a place for growing things.
When can you come look at potential properties?
That is exactly what I want. I was born in Guadalajara but raised in the US. Keep us updated!
Nice Job Sergio in giving Layman's terms on owning land in Mexico which is almost like leasing land in Hawaii which is cheap if your at least 25% Hawaiian then lease for $1 a month!
Very interesting.
I liked the history lesson.
Great information.
Interesting, thank you
toneseeker2
Buying a house in Mexico 🇲🇽
It's cheaper to buy local
That was very much appreciated information. I am seeking to find my coastal property.
Would you please assist in this list of characteristics?
. Clean
. Open air, space, natural light
. Mountain views
. Open cottage in/outside
. 1-2 bedroom
. Large seamless glass shower
. Very movie film romantic mecican style/1940's.
. Not ornate
. Simple
Two big questions, what area do you like and what budget would you like to stay in?
If you don't have the answer to these questions than we can go looking around when you are here. It is important to pin point the location you like, its all about the location location location.
I can represent you in acquiring any property once we find it.
Very interesting explanation, and answered many questions I previously had.
Timothy Anderson you’re cute 🥰🤪
Great video 👍🏽🇲🇽🇺🇸🌯🍻🌮🌮
We offer security through our expertise. Owning real estate in Mexico has been done by many since the 60s. When the proper procedure is followed there is no risk!
If you dont inform yourself correctly, you will get taken advantage of! We offer a full disclosure service, we market only legal properties at the right prices.
Sergio Chavez you couldn't give me a property in Mexico for free...I'm so happy our President Trump is building a wall....The bigger, the better. BTW>>>You still are a very poor corrupt drug cartel and cop corrupted country. Your country is also full of scam artists and crooks. That place is a lawless gangsters paradise where farmers are forced to grow poppy seed in their fields for the drug cartels and businesses pay extortion money. You sound like a scammar yourself.
ruclips.net/channel/UCX4mI8ycxC-mX21v1PAvuVw
Sounds like you had a bad experience. There is crime and poverty everywhere in the world.
I was afraid and believed everything you just mentioned too before coming. Took me six months to realize i had it wrong.
penny davis oh yeah, the USA is much safer...if you don't mind all the shootings at schools, churches,malls , movie theaters, concerts,
marathons etc. And let's not forget that the USA is bombing countries
left and right, while the CIA is financing all the cartels, but I don't expect
you to know that, you're too stupid/busy eating your big mac with fries, while watching the kardashians.
penny davis, then why did you watch this 😂 Nothing wrong with choosing which corrupt President you back but really ignorant remarks aren't necessary here. You sound as hateful as Trump. This guy is obviously way more educated than yourself.
awesome video my friend. lots of information. thank you..im thinking of buying property down there and retiring. .what most intrusted in is the price of a home. maybe some day you could make a video of some examples of homes and how much they cost. that would be so helpful..😀😀
My parents lived on the beach. Not farm land. Spent more then 200 k and Fox took it!
Buenos dias buenas tardes o muy buena noche! cual quier tiempo sera cuando udsted lea esta carta! I will continue in English because you speak muy bien el Ingles and I'm sure you can read it just as well. My name is Markos.I live in Chaparra,l New Mexico about 20 kilometros por este lado de la frontera de Mejico.I am thinking seriously of moving permanently to Mejico after selling my place here in Chaparral. I have some very good friends (more like family) there in Puerto Vallarta,actually their casita is in Paso Ancho.i have lived in Mejico on and off for over 50 years and i speak fluent Spanish and I have 2 college degrees in Mexican American Studies with a minor in bilingual(Spanish) mulisubject education .I graduated with honors out o the Ethnic Studies and Education departments of SSU in Cotati,CA.in the year 1984. I have taught ESL for INSunder the Amnesty provisions for about 4 years in the early 1990s and have been a bilingual legal counselor and family social service advocate in Sonoma County CA.If you care to know more about me and my plans,please email me at wwmarkush@aol.com. I just heard your telephone number on your video,which I was listening to while writing this comment,so I will try telephoning you tomorrow(Friday May 11th) in the early afternoon. If you are located in Vallarta you should be on Central Time,an hour later than I am here in Chaparral,so I'll try telephoning you between 2-3 pm your time esta bien? Adios por el present Sergio! Ojala que podremos ser buenos amigos y posibliamente companeros de negocios en el Futurito.Bendiciones!!! Markos
great explanation!
Good commercial for business Sergio. Give me your business and my country will take it.. Don't buy and expect to own it..
What is the definition of farmland there? Can a gringo own say 10 to 20 acres but not in the city but outside?
Good info.
What about schools for kids how it works
we do have private American Schools where all classes are in english.
......Thank you for the info.......:)
We offer security through our expertise. Yes foreigners can own private property in the restricted zone. Foreigners have been investing in the real estate market in Puerto Vallarta since Richard Burton and Elizabeth Taylor.
Actually, when there are sellers that want to sell their properties for more than their worth we have to tell them how it is. We protect both buyer and seller.
There are three types of appraisals that we use. We will very much make sure that our buyers are paying a fair price for the right property.
Mr. Carlos, if you need representation we can help. That's what we do. We do not work with any development in particular. If you had a bad experience and need help let us know.
Mr. Carlos, which property did you buy? Who was the selling agency? Who represented you? Sounds like you overpaid for your property, but it sure was not through us.
Sergio Chavez has been in the real estate business in the bay since 2006. Please contact us if you have any doubts at
044-322-779-3123 or
sergio@lighthousevallarta.com
lighthousevallarta.com/blog/
Sergio Chavez restricted zones? What the heck? LOL!
I found your video very informational. Thank you... You seem to tell it as it is with no b.s. You're awesome brother !!!
Not boring. Very well explained with honest consideration for those who really want to protect themselves and make wise real estate decisions.
Thank you. Hoping to find a little affordable non beach or farm land in Huatulco.
Thank you for watching our video. We can help you find what you are looking for in Huatulco. Please email sergio@lighthousevallarta.com
Didn't he say foreigners can't buy farmland?
@@JanColdwater Foreigners cannot buy farmland. Private property is different than farmland. Commercial property is private property.
Peoples who think the key to Mexico’s future is foreign land ownership or a property system similar to the US do not really understand the average Mexican citizen. The land in MX is made up with Ejidos so that the average campesino can have the right to graze their animals or grow some crops without having to buy some land or even lease it. Just like Sergio explained here. If you think his history lesson about lands ownership is boring just go ahead and try and buy some land without knowing anything about it.
You will need to either marry a native Mexican or spend the money to pay for agents and even lawyers (notaries) to help you. And if you know nothing about the lands history the other locals people will probably grow to resent your presence in their country. Even if you do end up getting a property. Better to learn something about where you are going and then go with it. When you come to the new place and think they should all be the way it is where you come from, you might as well just stay where you’re at.
You have not had to marry or have a Mexican business partner to own land as a foreigner (even in the restricted zones) since 1994. Ejido are granted lands by the government in constitutional ammendments but have to respect state survey coordinates, the problem is people don't get official state surveys and do not register the survey with the state. The old catasral system is a mess with conflicts from one municipality to the other and that can be a problem.
@dan riley The info above is correct, but ironically I did have a recent experience. Apparently my lawyer got the survey done, and according to the surveyor he was asked if he wanted to use the "actual" co-ordinates or where the local Ejido had marked the lot, for some reson he chose the latter, and I have since re-surveyed to find the lot lnes have moved west 8 meters. Good thing I hadn't built yet!
@@staffordeuinton3952 That's very common because at one time your lot belonged to a huge lot of many hectares. When the ejido is turned into the city for urbanization, its not just one farmer turning in his lot, its all farmers that belong to that one farming community or ejido. There is a Certificado parcelario for farmland, if you have this than you can get a trust or deed depending on your location.
I never dealt farmland to foreigners because for
1. its illegal and
2, cases like yours.
That's correct my friend. I never deal with ejido just to avoid the problems.
Never believe when someone says "its farmland but you can get a Thrust". This process can take up to ten years depending on the Certificado or titulo de propiedad. All this is dealt directly with Mexico city.
Tribunal Agrario in Mexico city.
Well I don't think it matters half of Mexico people live here now
Overall a good video explaining landownership in Mexico.
BTW. Although Pancho Villa is known to Americans there are the other revolutionaries, Orozco, Zapata & Carranza who were important in ending of the Porfiriato dictatorship, verdad?
Fast forwarding to the aftermath of the assassination of President Madero, the bloodshed & poverty that ensued resulted in an estimated 200,000 refugees fleeing Mexico during the Revolution.
& many of their families do not regard Pancho Villa as highly as he is often portrayed.
Que te vaya bien!
Most of those that ran away were going to be prosecuted for being the Hacendados or their families. They were the right hand men of the dictaror or president that relected himself for so long (Porfirio Diaz).
Pancho Villa was son of an Hacendado and Maid. His birth was to be kept secret because the family did not want everyone to know the hacendado had slept with the maid. Pancho Villa was looked at as an enemy of the state because he fought the government and invaded U.S.A. Columbus N.M.
What about the Mormons that live in Mexico that have the big dairy farms are they allowed to own the property
Fantastic Info, Thanks
Great video, well explained. Thanks
Great video
A very lucid explanation of a complex system. Thanks.
Good information thank you !
Can a foreigner own a corporation in Mexico? How about a bank?
So all people pay cash only ---there is not banks that finance there? I thought I heard that on another video....
Hi Mr. Angel Shining,
Financing became available in USD to Americans and Canadians in 2008.
Mortgages in Pesos with Mexican banks have been available forever.
However, the peso is not recommended for investment purposes as you may be aware.
Financing is Available only to those properties that are legal or Private properties.
No Financing from banks is available for Farmland, specially because no one owns it specifically.
Hopes this answers your question.
regards,
Sergio Chavez
Lighthouse Vallarta Real Estate
Foreigners use their home equity for buying beachfront properties in Mexico. This way you keep the low interest rate you already have. Getting a Mortgage on a property in Mexico also doubles the cost of closing fees.
Mundo Ecuestre so then Mexico suffers from Feds owning their land too and people have to pay to use it huh? Same in America, no one owns land anywhere, their just led to believe they do 😄😔
The bank trust fee is approximately $600 USD/ year? Is this a set fee for the duration of the agreement or can the bank raise the fee during the time you use their trust? Thank you for this in-depth explanation.
This can be a set fee for the duration of the agreement, however you need a realtor to make sure this is done. There are banks that do raise their trust administration fee every year. Great question.
love this - hello from Merida :)
Muchas gracias Sergio ... a great explanation of the legalities of owning property in Mexico.