All Forum Posts by: Val Berechet

Does someone have a good link or can provide info on laws regarding capital gains taxes and income taxes on property in Mexico? Am looking to buy something in the Tulum area that will be used as a vacation home but also rented out via Airbnb (mostly rented out for a while as we’ll only probably be able to go down there 3-4 weeks a year combined max for now). 

When we would sell the pro poetry in the future, are there capital gains taxes due to the Mexican government as non residents?

How about taxes on income earned from renting via Airbnb? I know taxes would be owed to try IRS state side but what about on the Mexico side?

@Ariela H. what are your thoughts on the train? From what I’ve read online is apparently already 10% completed? Im personally more excited about the train as I doubt there would be direct flight from Phoenix to Tulum as there is to Cancun so we would definitely use the train. 

Forget the tacos @Tak Ogihara...it's all about the ceviche down there omg so good haha :)

But on a serious note...I'm super excited about the Tren Maya. I was reading up on it and apparently it will be elevated all the way down the coast, so the view outside will be of the jungle on one side and the water on the other side. That will be an experience in itself and should get people down to Playa and Tulum faster and less stressful than driving. 

@Tak Ogihara One of the things I love about it and why we are considering buying something here is due to its direct flight connections into Cancun airport. Living here in Phoenix, its actually our only direct flight to a tropical location on the Caribbean Sea, that's important to us and I imagine to other travelers as well. The fact that we can be there in under 4 hours means you can do a  long weekend away vs other locations that would require a stop over and it turns into a 9+ hour journey. 

You also mentioned the new Tulum International Airport and the Tren Maya. I'm very excited about both of those projects as it shows the government is investing heavily into the area and it gives me confidence that they will have the violence under control.

On that note, the architecture down there is blowing my mind! Just beautiful amazing! This is the new Tulum Train Station that is supposed to start construction in Jan 2022.

@Tak Ogihara Interesting, I did not know major hotels are not allowed in Tulum. Thanks for that info. 

Amazing insight @Mike Lambert, really appreciate it.

Thanks for the reply Jody. 

Absolutely the main purpose here would be to rent it. The developer is quoting the usual 9-11% ROI after all expenses, including a 20% fee if they manage it and assuming a 65% occupancy rate. We would of course also like to enjoy it when it is not being occupied as a rental.

My wive and I were in Tulum for the second time in about a month's time and love the whole Riviera Maya.
So much so that we are thinking about buying an investment condo in a new development that just blew our mind. The development is the Solemn Ocean Living and we are considering a top floor unit with ocean views (development is 1640 ft from the coast)

We were super excited the past two days about it...then got home and I started researching if its actually a good idea and if its a good investment.

The concern is the rapidly rising crime in the area. Up until about 3 yars ago, it seems Tulum was a quiet coastal town, but its grown immensely in tourist and that has attracted the cartels and hence the crime.
Seems though this is a concern throughout Mexico...so is Mexico just a bad idea altogether for vacationing/investing?

We are also wary of putting so much money as a down payment on a development that isn’t even scheduled to start construction until Dec/Jan. The developer is offering a 20% discount if an 80% down payment is made. 

We love the fact that there is a direct flight to Cancun from Phoenix (then about a 1:30 drive to Tulum) and the jungle setting up against the beach is amazing. The food is outstanding as is the whole vibe of the area. 

I’ve also read Mexico is also currently building a new train system, scheduled to open in 2023 that links Cancun and Tulum (and other cities) as well as the new Tulum International Airport also scheduled to open in 2023 from what Ive read...so tourism to the area is expected to explode even more, which obviously from a rental investment perspective would be great...unless of course people are scared to go there.

Additionally, can anyone provide any input on the developer? They seem to have several projects in the works but I think only one is near completion and the developer (Akela Development Group) is a very new company.