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.