» » Cashing In on a Second Home in Mexico: How to Buy, Rent and Profit from Property South of the Border

Cashing In on a Second Home in Mexico: How to Buy, Rent and Profit from Property South of the Border epub

by Mitch Creekmore,Tom Kelly


Cashing In on a Second Home in Mexico: How to Buy, Rent and Profit from Property South of the Border epub

ISBN: 0977092003

ISBN13: 978-0977092000

Author: Mitch Creekmore,Tom Kelly

Category: Business books

Subcategory: Economics

Language: English

Publisher: Crabman Publishing; 1st edition (June 1, 2007)

Pages: 323 pages

ePUB book: 1313 kb

FB2 book: 1881 kb

Rating: 4.1

Votes: 178

Other Formats: lrf docx lit mbr





After nearly a decade of work in Mexico insuring real estate properties to foreign . All of these suppositions are incorrect.

I didn't think Americans could own Mexican beachfront properties. This book attempts to help clarify and explain why Mexican real estate, when using the proper safeguards, can be a terrific, secure investment.

Tom Kelly (Goodreads Author), Mitch Creekmore. Aimed at baby boomers and retirees who want to discover an inexpensive spot to spend their leisure days safely in the sun. Get A Copy.

Congratulations to Tom Kelly and Mitch Creekmore for writing a book that is a guideline for investing in Mexico. Tom Kelly hits a home run again with this new book. Published by Thriftbooks. As a developer in Mexico, I've learned the Number One need for all who inquire about Mexico is accurate information and knowledge. com User, 13 years ago. I found this book very straight forward, full of relevant informations, organized and very clearly communicated facts to readers.

Aimed at baby boomers and retirees who want to discover an inexpensive spot to spend their leisure days safely in the sun. show more.

Ships from and sold by ACORN BOOKS.

You read that right - tripled. What's the impetus for this change?

You read that right - tripled. What's the impetus for this change? Well, laws pertaining to nonresident ownership of real estate have relaxed considerably. What's more, Mexico has tailored its system of real estate closings to be purchaser-friendly, and . citizens have become better-educated on the ins and outs of closing on property in Mexico.

See Tom Kelly’s feature Empty House May Cost More To Insure.

The title is held in a bank trust, called a fideicomiso, which Creekmore says is a legal, safe instrument that gives full property rights to the owner. It simply means the bank holds the property in trust for the owner.

Property purchases by foreigners in Mexico take place through the fideicomiso system. The Constitution of 1917 proclaimed that all land in Mexico would be "ejido" (communal), or owned by Mexican nationals only. Ejido land was given to every village and could not be sold. There are no limits on how much can be transferred in or out of the country. The whole process of registering a property can be completed in around 48 to 108 days. Footnotes to Transaction Costs Table.

This straight forward, informative guide helps potential second home buyers, investors and renters easily understand the nuances of Mexican property, mortgages and escrow. Aimed at baby boomers and retirees who want to discover an inexpensive spot to spend their leisure days safely in the sun.
Published 2005....I should remember to look at copyright date.... much info still relevant but I'm second guessing as I read.....
Many similar books on the market. None are great. This one is ok.
I am in the process of buying a house in Mexico. I am buying in Baja and the info in the book really helped me. So far, so good. Fortunately, I'm buying from a reputable developer and my purchase so far has been exactly the way the book detailed that it should go. I think this is a great book to show you what the sale should look like so that you can tell when it is legit or not. Great info source.
Rent
Enjoyed it lots!
Congratulations to Tom Kelly and Mitch Creekmore for writing a book that is a guideline for investing in Mexico. This book is a MUST read if you are thinking about buying south of the U.S. border - whether you be a second home buyer, an investor, a developer, a banker, or just interested in Mexico.

As a developer in Mexico, I've learned the Number One need for all who inquire about Mexico is accurate information and knowledge. Many requirements have changed to make purchasing in Mexico safe and profitable. While much of Mexico can be a great investment, this book takes your through the proper steps to be successful. As some analysts have stated "Mexico is the baby boom generation's Florida or Arizona." This book is an easy read and a book you will return to often for details on financing, rental ideas and taxes. It also gives some opinions on the best areas with the opportunity for appreciation. Mexico is much like to United States. It features many different states, all with their own amenities and cultures. This book gives you a flavor for what you can expect. For example, the state of Colima is the safest state in all of Mexico and has low unemployment. It also features a wonderful, year-round climate and is located on the same latitude as Hawaii. This book really has it all - and it will make or save you MONEY.

Bob Koens, Minnetonka, Minn.
This book has good information about real estate ownership and purchase in Mexico, but it is repetitive and constantly touts Stewart Title. I felt like the book should have been edited to a fifth the size and given free.
Great book with lots of useful tips. good starting tips lots of resources. great for the beginner investor. could use more contacts information. all around a lot of good advice.