Pamela Rivas
Can foreigners buy Real Estate in Mexico? Legal process explained!
23 January 2025 | 5 replies
That’s correct, a foreigner can buy property through a Mexican corporation, which is a great option for those investing in multiple properties or running a rental business.Key Points I'd like to add to your post:Setup Costs: $1,500–$3,000 USD.Ongoing Costs: $1,000–$2,000 USD/year for accounting and tax filings.Benefits: Allows tax deductions for expenses like maintenance, repairs, and management.Best for: Multiple properties or income-generating investments.For a single property for personal use, a fideicomiso is often simpler and more cost-effective due to its lower maintenance requirements and feesUltimately, choosing between a corporation and a fideicomiso comes down to your investment strategy.
Tom Nagy
Stay away from RAD Diversified
20 January 2025 | 32 replies
Quote from @James Miller: Quote from @Chris Seveney: Quote from @Stuart Udis: @Ryan Blake These investments can be secured, or at least better secured if papered correctly.
Brandon Morgan
is an LLC necessary?
27 January 2025 | 33 replies
You defiantly want legal protection as stated by @Max Wilhite@Jonathan Bock is correct about keeping it simple.
Todd Knudson
Tax question on a direct ira rollover
30 January 2025 | 6 replies
What @Dmitriy Fomichenko and @Matt Devincenzo said are correct.
Ivan Cortez
Evicting During Winter Months
1 January 2025 | 6 replies
I would also send the tenant information about food pantries etc in the area.
Brian Gerace
Question on Cost Seg in CA
21 January 2025 | 5 replies
Is my thinking correct that homes in highly appreciated areas won't benefit as much from Cost Seg.
James R.
I really dislike Airbnb. Anyone else?
26 January 2025 | 21 replies
In my view they made the correct decision and if you spent significant time recovering this cost, well I think we all know what that is.
Account Closed
PM needs ss#
22 January 2025 | 14 replies
Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.
Marc Shin
Should I get extra insurance outside of Aircover?
13 January 2025 | 16 replies
Don't depend on Aircover.Homeowners policy will not protect you if your renting as a STR.You need the correct STR policy to protect your property.