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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.
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20 January 2025 | 7 replies
Hi Rachel, first off, sorry for your loss, but it’s great you’re exploring ways to build passive income.
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8 January 2025 | 5 replies
The land assessment value is on the tax assessor's site in every county, but that doesn't hold a ton of relevance in my opinion.
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7 January 2025 | 6 replies
Sometimes things are left on the work site and local hoodlums sneak in and take them.
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16 January 2025 | 12 replies
Both properties are in A areas with great tenants.
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16 January 2025 | 9 replies
You're taking a great first step by joining this group and seeking guidance.
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16 January 2025 | 2 replies
Happy to chat more or connect you with some great people in your area!
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21 January 2025 | 4 replies
They love to talk about his great forms and how the members "feel like a family," but you rarely find anyone that's done a single deal on their own.
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16 January 2025 | 17 replies
Hi @Sean Gammons,Great question!
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15 January 2025 | 9 replies
It’s great to see someone embracing real estate after an accidental start.