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A guide to Mexico's civil law system helps foreigners learn the property buying process. A bonus section provides tips on how to choose a real estate agent plus practical matters such as utilities, fees, and insurance.
Over the past 35 years, hundreds of thousands of readers have agreed: This is the classic guide to "living, traveling, and taking things as they come" in Mexico. Now in its updated 14th edition, The People's Guide to Mexico still offers the ideal combination of basic travel information, entertaining stories, and friendly guidance about everything from driving in Mexico City to hanging a hammock to bartering at the local mercado. Features include: • Advice on planning your trip, where to go, and how to get around once you're there • Practical tips to help you stay healthy and safe, deal with red tape, change money, send email, letters and packages, use the telephone, do laundry, order food, speak like a local, and more • Well-informed insight into Mexican culture, and hints for enjoying traditional fiestas and celebrations • The most complete information available on Mexican Internet resources, book and map reviews, and other info sources for travelers
As home prices in the U.S. hit record highs, Mexico has emerged as a solid contender for people who are considering either buying second homes or investing in a holiday home or future retirement properties. The U.S. State Department estimates that there are 385,000 Americans permanently liv-ing in Mexico. This book details precisely what to look for in real estate investments and buy-ing prospects, as well as how to find the best opportunities, buy with little or no money down, decide where to purchase, and how to choose and hire a realtor. You also will become knowledgeable about negotiating and financing, budgets, home-buying timelines, the process of building a house, homeowners' insur-ance, creative financing, closing and settlement inspections, legal contracts, what you can afford, and which government agencies can help. This book is a must-have for the investor considering a second home below the border.
From the #1 bestselling author of "Rich Dad, Poor Dad" comes the ultimate guide to real estate--the advice and techniques every investor needs to navigate through the ups, downs, and in-betweens of the market.
After nearly a decade of work in Mexico insuring real estate properties to foreign purchasers, the same issues always seem to surface regarding second home acquisitions: "If I buy a house in Mexico, don't I get a 99-year lease from the government?" "I understand that I can buy a residence in Mexico only if the title is vested in a Mexican corporation." "I didn't think Americans could own Mexican beachfront properties." All of these suppositions are incorrect. This book attempts to help clarify and explain why Mexican real estate, when using the proper safeguards, can be a terrific, secure investment. It will also explore the purchasing mistakes of the past, summarize several of the attractive new locations that are luring foreign dollars and explain why Mexico is so eager to welcome second home buyers from outside its borders. The worst thing a potential purchaser can do is to remain ignorant of the law and procedures involved in the conveyance of real estate in a foreign country. As we state several times in this book, Mexico is not the perceived "Wild West" where anything goes and the prevailing Mexican attitude is "trust me, no problema." It is inherently important for non-Mexican buyers to understand that Mexico has formality of law with authorized regulation of real estate development procedures at all levels. This process is coupled with a statutory government framework for the legal conveyance of real property. Great personal wealth has been attained through real estate ownership, but for most of us, it has been limited to investment in a primary residence. Although Mexican real estate also can be a viable investment venue, Americans have had a great deal more trepidation considering properties "south of the border." And for good reason--considering the history of some acquisitions. Given today's investment climate, however, Mexico provides an attractive, alternative arena for potential investment. Real estate in Mexico should have a similar appreciation "upside" as does real estate in a U.S. development--coupled with the advantage of use and enjoyment of the property as a vacation residence.
An expert guide to the ins and outs of real estate financing Secrets of Buying and Selling Real Estate . . .Without Using Your Own Money! is the definitive insider's guide to traditional and creative (yet legal and ethical!) real estate financing. In understandable, step-by-step language, it walks you through explanations and examples of conventional real estate financing so you understand clearly how most financing works. It examines all the available creative or unusual financing strategies that seasoned investors and homebuyers use every day to buy and finance properties. Drawing on his long experience as a successful real estate investor, Robert Shemin spotlights the advantages and disadvantages of various types of mortgages, terms, and financing strategies so you know all your best options. He also includes informative material on how credit scoring works and understanding credit ratings and credit problems that could scuttle your loan. Offering proven techniques, expert tips, and creative alternatives along the way, Shemin details every important aspect of the financing process, with in-depth discussion of topics such as: * Owners' terms * Contracts for deed, land contracts, and lease options * How to use partners or cosigners * How to get approval after a mortgage company turns you down * How to buy property even if the bank says "no" * Creative ways to obtain down payments, getting the seller to contribute using nonprofit programs
Are you considering a move overseas? Have you thought about moving to Mexico, maybe even to Mérida, Mexico's safest city? Writer and editor, Cassie Pearse and her family did just that, leaving the UK for Mexico in 2016. In this book, Cassie explains why and how her family made this move before sharing everything she's learned about life in Mérida in order to help your family's move as smooth as possible. From how to find a house and furnish it to choosing schools and helping your kids settle into their new life, this book has you covered.
So, you're thinking about trying out Mexico? Good for you. Where will you live? Mexico is a big country and living in Tulum is nothing like living in Mexico City--and neither is anything like living in Puerto Vallarta. The food is different, the culture is different, the weather is different. It's an incredible country with many unique living experiences to choose from.And there are other questions. What will you do for medical insurance? Will you be bringing your vehicle and pets? Are you allowed to own property in Mexico? How do you handle paying utilities? Can you transfer money online easily? How long can you stay? Will you have to pay taxes? Do you have enough money to live there? The Move to Mexico Bible takes a look at 33 different cities and towns--from expat populations to climate and conveniences. With over 100 photos and illustrations, this book will also walk you through the visa process and give you invaluable advice about healthcare, household help, communications, real estate and other variables. Don't leave home without it!
Practical advice on how to enjoy the unique benefits and avoid the pitfalls of investing in real estate abroad In the current uncertain investment climate, foreign real estate represents a more important opportunity than ever before, for both the investor who wants to move a portion of their wealth abroad and the retiree looking for affordable living options. How to Buy Real Estate Overseas explains one of the best options available today for diversification, asset protection, and a safe haven for wealth. Foreign property is a hard asset that, unlike stocks, for example, can't go bankrupt and collapse to zero. This book is an expert guide to the advantages and the challenges of investing in real estate overseas. Author Kathleen Peddicord, an American currently based in Panama, is considered the world's foremost authority on overseas retirement and foreign property investment. She has traveled to more than 50 countries, invested in real estate in 18, established businesses in 7, renovated historic properties in 6, and educated her children in 4. She knows from personal experience how foreign real estate can appreciate significantly over time, throw off an annual cash flow, and provide personal enjoyment for you and your family. An investment in a piece of real estate in a foreign country is a chance for both profit and fun. How to Buy Real Estate Overseas offers practical advice on how to find great deals, buy and manage property profitably in unfamiliar and potentially volatile foreign markets.
Nwanna provides comprehensive information on travel to more than 170 countries, and addresses diverse concerns regarding personal safety, finances, illness, birth and marriage, and more.