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Seeking insights: Crafting a free guide for foreigners investing in Mexico.
Hello everyone,
I'm in the final stages of creating a free guide designed for foreigners interested in investing in Mexican properties. My goal is to build a comprehensive resource that not only answers key questions but also provides clarity on the entire process.
The draft is based on my personal experiences working with clients, but I want to ensure it reflects the broader community's insights. I’d love to hear from you about any questions, concerns, or challenges you’ve encountered (or anticipate) when considering property investments in Mexico. This will help me address the process and opportunities more thoroughly and effectively.
Thank you in advance for sharing your experiences and thoughts—I truly value your input!
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Quote from @David Krulac:
don't know if this is still true, but at one time foreigners could not outright purchase property in Mexico within 100 miles of the coast. The work around was a Mexican bank was the owner and lease it to the foreigner.
It's within 50 kilometres from the coast and 100 kms from an international border, so 31 and 62 miles respectively. There are two workarounds:
1. The fideicomiso or bank trust, whereby the title is in the name of the bank but they don't lease the property to you; you're the owner for all intents and purposes. Renewable every 50 years.
2. The Mexican corporation, generally advised if you buy multiple properties, given the higher costs.