Question 1

Is it possible for foreign investors to buy real estate in Mexico?

Accepted Answer

Yes, foreign investors can legally purchase real estate in Mexico. The process is straightforward, especially in popular areas like the Mayan Riviera. 1. **Restricted Zone**: Foreign ownership is restricted within 100 km of borders and 50 km of coastlines. 2. **Fideicomiso**: A bank trust that allows foreign investment in restricted zones. 3. **Mexican Corporation**: For larger or commercial investments, a foreign-owned corporation can acquire property. Our experts can help you navigate the process smoothly and securely.

Question 2

What are the closing costs when buying property in Mexico?

Accepted Answer

When buying property in Mexico, expect to budget between 6% and 8% of the purchase price for closing costs. These include: 1. **Property Acquisition Tax**: 2% to 5% of the sale price or assessed value. 2. **Notary Public Fees**: 1% to 1.5% of the property value. 3. **Public Registry Fees**: 0.01% to 0.1% of the property value. 4. **Fideicomiso Setup Fees**: $1,500 to $3,000 USD for properties in the Restricted Zone.

Question 3

What is the potential for rental income and ROI in the Mayan Riviera?

Accepted Answer

The potential for rental income and ROI in the Mayan Riviera is significant, but varies by property type and location. Schedule a no-obligation call with our real estate experts to get detailed insights.

Question 4

What are my options for financing a property purchase in Mexico?

Accepted Answer

Financing a property purchase in Mexico is possible and offers several options: 1. **Cash Purchase**: Simplifies the process and can lead to faster closings and better prices. 2. **Home Equity Loan or HELOC**: Leverage the equity in your home country property. 3. **Developer Financing**: Available for pre-construction properties with flexible payment plans. 4. **Cross-Border Mortgages**: Offered by international banks and specialized lenders. 5. **Bitcoin Backed Financing**: Available through our network with competitive rates. Our experienced agents can guide you through the legal aspects to ensure a secure transaction.

Question 5

Can investing in real estate help me obtain residency in Mexico?

Accepted Answer

Yes, investing in real estate can help you obtain residency in Mexico. You can apply for temporary residency if you own property that meets a minimum value threshold. After 4 years, you can apply for permanent residency. Requirements include: 1. **Property Ownership**: Minimum market value of US$218,000−US$587,000. 2. **Investment in a Mexican Company**: Capital investment of US$109,000−US$279,000. 3. **Economic Solvency**: Show regular income and savings from your home country. Requirements vary by consulate.