Can Foreigners Own Property in Mexico?
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- Опубликовано: 21 окт 2024
- IRS Ruling mentioned in the video:
www.irs.gov/pu...
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DISCLAIMER: I am not a lawyer, real estate professional, immigration specialist, import broker, financial advisor, major league umpire or astronaut. The information provided in my videos is based on my own experiences and/or research and is not intended to serve as professional advice. I make no representation or warranty of any kind, express or implied, regarding the accuracy or completeness of said information. In other words, take some responsibility for your own life choices and conduct your own research before making important decisions.
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Thanks for reminding me to hit the like and so on. I am too old for social
Media!!
I found it; the video you said explains what I wanted to know! Plus!! Well, my Mexican lawyer says he specializes in everything I ask him about! I told him my mom always said Lawyers are liars! When he tried to say I am not a liar, he slipped up and said (clearly) “I am not a lawyer.” Funny time!! I don’t trust any liars or lawyer btw! Thanks for the video…. I need to have a personal consult if you don’t mind someone crying on your shoulder. I have lost at least $200,000.00 American dollars by trusting people who should be trustworthy from the Church! Call me stupid!! I will be the one to say, here I am over here!! 😅
You're my new "go to guy" on things I didn't know about Mexico. Going back now to watch your old videos.
Thanks!
You are awesome & positive! Thanks neighbor
This is the second comment in as many days since finding your content. I have learned so much about Mexican life and paperwork. I’m an immigrant who’s moved around a fair bit, and I would have loved this kind of concise, helpful and practical info that didn’t take hours to sift through and find what was pertinent to my situation. Great job, and great blog too.
Thank you very much, Sugar-Cicada. :)
@@qroo
Knowing what you know could have changed me from being a loser to being at least on par with the illegals entering the USA today! They have more than I do and I am a one hundred percent disabled Veteran of the good old USA! Am I crying! I want to cry honestly! It is hard seeing these people enter illegally and get every benefit I fought for, for the people who follow the law! I am in Mexico not a resident though and I cant live well here and definitely NOT over there in MY OWN COUNTRY! 😢 I am more mad than sad I suppose!!
Your information is presented in a very systematic and precise way. I love abundance of details. I’m considering buying a home for about $57K in the outskirts of Guadalajara. Thanks for giving us all the info
Glad it was helpful!
Bro in law is from their, seen his brother murdered and ran over with a car
Best channel I've watched regarding living in Mexico. So informative. So happy I found this !
This is going to be an awesome series. Just subscribed.
☺♥
Right on! I own land both within and outside the restricted zone and you've outlined everything perfectly. Just one piece of advice on ejidos from my Mexican relatives and friends, "No chingas con ejidos, guey." You might want to cover the role of the notary public in Mexico. They are 'super' lawyers, not a secretary with a stamp.
Stay far away from buying from the ejido they can legally revoke your purchase even if it’s parcelo separado
Unless you a daughter o son of ejidatario and have Mexican and American citizenship like me.
@@angelalucero560
Mexicans steal from Mexicans too so there is that! Not to say any other country has better people.
Hello would you like to join a real estate investment company
Thank you so much Paul, this is very valuable information, for foreigners and nationals alike, your due diligence well appreciated... taking notes of all your tips!
You are very welcome
Thanks for clearing up a lot of misconceptions that I’ve read about when owning in Mexico
Our pleasure!
Very informative video ! Love the ‘never, never, never’, it made us laugh. Great job 😊
Yea! More accurate intel! Looking forward to your video on healthcare, especially the private health insurance, details on that, where do I get it, and an idea of costs would be helpful. Right now I'm on the typical geezer insurance, even paying extra for the "better," level, and it sucks.... 🙄
I like your channel, Mexican Money. Your videos look pretty sharp.
Thank you for breaking this down for us. I look forward to your future videos on the subject of buying property in Mexico.
Glad you liked it!
Very good advice. And even after double checking every detail, I would not be comfortable buying real estarte in Mexico until a few years have gone by. I heard terrible stories, "notarios" and lawyers notwithstanding.
Remember this truth: Lawyers are paid to lie and they get so used to it, they are basically lying everytime they speak! It is a shame but sadly it is the case with 99.9999999 percent of them! Good luck.
In europe lawyers and notary are already super corrupt!
Great video, your looking very comfortable. I've been following you for years and I think the video's will attract a lot of subscribers!
Thanks for saying that. I'm still very new at this. :)
Yrs! I own my home and property! In Patzcuaro, Michoacan!
Already liked and you answered a lot of questions I had in another one of your vids.
We love you !!!!!..........in a few years we will both have about $3000 each in SS plus our 401 and IRA....I think we are golden according to a few of your videos.. Wanna be on the Yucatan side....we also want to work remotely as we love what we do online.
Once again, great content! Keep them coming. Thanks you.
Thanks, will do!
You are the best! we are moving to Akumal in December when our condo is completed so your videos are extremely important to us. You seem so calm, and at peace with your decision to live in Mexico which is very reassuring!
Mexico has been a great move for us, that's for sure. By the way, welcome to the neighborhood. :)
I am looking at Tulum
Great video Paul & Linda, greetings from San Quintin, Baja California 🫶
Better question is can you buy property in America and can the US Government take it?
So it’s about the same in Mexico if you look at it like that.
You meant to say buy a home in the U.S . America covers an entire hemisphere.
This guy knows what he is talking about!
Thank you, liked and subscribed. Moving early next year with a trip in September this year.
Welcome aboard!
Don’t buy anything you can’t afford to lose. Most foreigners last about five to ten years until someone inevitably takes an interest in thier property and harrassed them to leave. We almost got kidnapped the people were so desperate to rip me off
Its a cool thing i Don't got to worry about any restrictions now i just need the funds
Wow!!! Your videos are really helping me a lot. I am an expat in Chiapas for more than 10 years.
Thanks, Rusty. :)
Awesome as always. Keep them coming and you two stay safe.
Great video, very informative! I’ll be making the move next summer and it seem as though there is always more to learn. On top of my Spanish lessons (should have paid more attention in Spanish class) 🤦🏽♀️
So, how‘s it going?
Nice overview... thank you!
I have been wanting this information for so long.thank you so much.
You are so welcome!
Now I know why my wife is so careful about buying a house. She just kept saying no ejidos. But not explaining why.
Thx you for your video PAUL ..i love mexico too ..i will like too move there too
great stuff! I actually have an Attorney thats helping me buy IP's in Tijuana! They are building appts, lofts like crazy! Great for air&b money. You enlightened me today! Of course the best way to purchase property is to become a Citizen! Another story for another day! ty
I purchased property in Mexico and never was asked to get the Fideicomiso. I got a title to the land and that was it. This was in Quintana Roo (cancun) I am currently putting this 5SQ Meter piece of land on the market to sell it. My problem is that I will have to self report and pay the gains tax here in the states. (darn it)
Thanks for more important information!
Excellent video! Read about a horror story of people being kicked out from the Ejido properties in Tulum - hotels, restaurants, etc.. That stuff is real!
Yeah, nationals always say „don‘t mess or get involved with Ejidos“
Great info thank you so much...I have toyed with the idea of owning property there...unfortunately we are unable to get down right now to look into the area more...thanks again for the info we really love your videos...Viv
Informative. I own a property outright in mexico city. Escritura's in my name. And my wife and I bought an ejido property in Baja. The Ejido property is in my wife's name and, yes, it is tricky, not gonna lie. I did a lot of due diligence on the ejido deal and had a trusted real estate friend looking over my shoulder. Plus my wife is Mexican. Nevertheless, I will not be fully confident that the deal is done until we get the escritura. If you can't handle a little extra risk and uncertainty of buying ejido, don't do it.
Nice, congrats. Accurate video.
Thank you so much for all this information. Question; my husband has Mexican American citizenship. I’m an American and will have double residency soon but my children are all Americans. When both of us die can our children claim our property in Mexico? Or do they need to have dual citizenship too in order to claim it?
Hey there 😊very helpful video. Thanks for sharing! I was wondering if you would still need to purchase under a fideicomiso if you are buying as a married couple and your spouse is a Mexican citizen?
"Your welcome..." LMAO. Good advice here for which we should say, "Thank You."
Glad you liked it!
THANK YOU FOR SHARING YOUR KNOWLEDGE WITH US, GOD BLESS YOU!
Same to you!
Thanks. That was really informative. There is so much to learn.
Glad you enjoyed it!
great video now i'm not so leery about mexico
Most informative channel EVER! Thank you so much!
Thanks for watching, Rick. :)
Great info, you are my new favourite channel.
Thanks!
*this was so well done, perfectly explained, and feeds my real estate addiction. thank you so very much!!* :)
Thanks for the positive feedback. :)
great, informative, and entertaining vid, thanks! I am hoping to buy a house in cdmx someday:)
Great information. Keep these videos coming, they are very informative. Thanks.
Jorge and I enjoyed watching this, Paul! We learned some things! ¡Saludos! Pepe
Glad you found it useful. Saludos. :)
My partner and I are retired teachers and will do volunteer work once we are living in Querétaro. I might opt to continue doing Spanish English court interpreting via Zoom as I presently do here in Dallas. :-)
Thank you for the information. God bless you and your family.
I’m learning a lot, thank you 🙏
Great info. I once had intentions of buying a small ranch in an ejido but, never pursued it because my situation changed and I went elsewhere. Glad I didn't. Had not thought about the ejido complications.
Hmm, common ownership of property in an ejido is not really an incentive for the ejiditarios to invest time and money in a piece of the ejido. If I made my place, well the piece I considered mine, super productive and attractive, my neighbors could say it belongs to them even though I were a member of the ejido.
Anyone can lease or rent land for hundreds of years if need be . As long someone pays city taxes .no one really cares who owns it , but remember keep it beautiful ☺️
You really made a great search, useful info even for a Mexican citizen
Thanks. :)
That was pretty damn good, thanks.
Thanks! You made my day.
Money talks, you can definitely own if you have the cash
Invaluable information in this video
Thank you for your amazing info.
Thank you very entertaining & informative for an Aussie Tradesman.
Having bought a house in Cuernavaca (non Restricted zone) I have to point out an omission in your guidance.
To buy my house although outside the restricted zone I still had a process with SRE (Foriegn relations Ministry) to have them "approve it" / file it with them. This process was handled by the notary and fairly painless. This was buying as a resident in Mexico.
We are about to buy a second house in Merida and that will be the Fedeicomiso from the bank, as has been said there's a fee (14,000 mxp) annually to keep it.
Yes, there is an additional piece of paperwork but you can hold direct title.
Finally I understood..I lived in Mexico for 16 years and never understood what EJIDO was! I just though that were a bunch of old people fighting for land . ahahhaha
Haha :)
Paul, I just want to say that if you choose to not keep up with you New Year's goal of more You Tube videos, I'll be forever lost on how to move to and live in Mexico eventually! ;-) In other words, keep up the good work!
Haha! So far it's been a fun hobby so I'll probably keep at it -- at least awhile longer. ;)
New subscriber here. Excellent video.. keep it up!!!
Thanks and welcome!
I am glad that there are so many sceptical people on this topic. Just less Americans that I have to deal when I am at my home in Mexico. Adios.
Really enjoying your videos, thank you!
Thanks for watching them. :)
I have dual citizenship so no issues here. However, I love the info.
Thank you 👍🏼👍🏼 great video
Great video., I've mine under my Mexican corporation (SA de CV)
So it means that normally I can't own house in Piedras Negras as a foreigner, because it's a border town?
Great video. Thanks.
Thanks for watching!
Accurate and clear. Thanks.
Again great info very important topic land ownership thank you
Glad it was helpful!
Very interesting video. Thanks for doing it.
Of course we can, and DO!
Unafortunately mexican real state increase ITS value and Is difficult to mexican to afford va property at noche áreas.
Have heard of the Canadian lady who was living in Guatemala where she got pregnant and decided to then moved to Mexico where the baby was born so she can now buy any property and put it under the baby's name?
Guys, unafortunately mexican real state increase and later Is difficult to mexicans to afford a nice condo or property at mexican nice áreas sadly, clear example Ajijic city and Puerto Vallarta. Regards to all of you.❤️❤️
Oh you mean like everywhere else in the world. This is nothing new. Happens in the US too
Very useful! Thanks for the content. Quick question, how does one browse properties in Mexico? ie. Redfin / Zillow. Does that exist?
Thanks for the info! Great vid
I’d buy in a heartbeat. But after I spend time renting… partially to be sure of which area I want to buy for in
Sure you can if you have the. Money yes!! And it's cheaper than the states
Exelent info. Thanks, Paul.✌️
Good information
Thanks
Ejido is a government property any local Mexican can live there if the community allows to live.
So it is better to Rent. Yes.
The drinking water is a huge concern for me.
We are working on a video about that one.
Everyone drinks bottled water which is good.
Great video, wonder how much I have to tell Canada about my place in PDC...? Haven't really looked into that yet.
Very useful!!
Glad it was helpful!
Awesome. Thank you
Can home owners leave their homes unattended for 2 to 3 months at a time without worrying about humidity damage?
Just started watching your videos. Great content especially about banking exchange rates ets. My wife and I will retire in 2025 and she is Colombian. Not sure if we will retire in Colombia or even Mexico or just travel different places in the world. I will definitely put Mexico as an option after listening to you. Wish I had a resource like you in Colombia. Keep up the good work. I already learned things which will help me in Colombia.
Thanks for checking out the videos. If you do end up in Colombia, maybe you can start making videos like these to help others. :)
have you seen those gringos go home signs down there? forget colombia
I’m saving THIS. 👍🏻
I just talked to a realtor from Mexico who sent me a guide on how to buy a home in Mexico. I had found the "loophole" on my own but he explained it better to me about the trust. Nice to see someone make a video on this. :) my husband & I are hoping to move to Mexico within the next 2 years
Could I have a word with you? I’d appreciate it 🙏🏻
$500-$800 per year now. Who's to say the bank can't raise those raise those rates to as high as they want?
Yup CPA's Educated by the de-facto gov.
This vlog is interesting
Me (german) and my wife (mexican) have bought land in the restricted area (ejido). We havebeen talking to a notary about this. He said that as long as you pay your annual taxes and comply with the rules of the community, there is no way that the communiy will take this away from you.
As I mentioned, it depends on what stage the property when it was purchased. There are lots of horror stories about ejido purchases going very wrong years down the line.
@@qroo Thank you for answering. In general the pocession of land can be difficult (also for mexicans on private land).
At least in the area where we have this land, invasion of land is not a problem. Our ejido document (from the commisionaries) is from this year. About 95% of the land in that region is community land (ejido). So far we have not heard of any problems. Very close by there is a canadian guy - I wonder how he did this. Have to ask him next time I am down there.
Another great video, but wanted to ask why you bought real-estate in Mexico vs. just renting? We are researching a move somewhere down there, haven't decided specifically on Mexico yet, but havent even talked about actually owning property. is there a video that addresses that?
So what is the function of the bank in a Fideicomiso? Their purpose is to prevent some sort of abuse by a landowner. What are they there to prevent?
It was easier to create a loophole in legislation than change the constitution. There is no other purpose. They hold empty title and collect your money each year.