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Buy property along a Mexican beach Buy property on a Mexican beach.

Foreigners who want to make money by buying beautiful beaches in Mexico or vacation or retirement homes and apartments on the border between the United States and Belize can do so through the Bank of Mexico Trust Fund (fidei)? comiso。

Foreigners hope to make money by obtaining Mexican bank trust or trust financing, and buy vacation or retirement houses and apartments on beautiful Mexican beaches or on the border between the United States and Belize.

19 17 article 27 of the Mexican constitution prohibits foreigners from obtaining simple ownership of residential real estate in areas known as "restricted". These restricted areas refer to any land: within 30 miles (50 kilometers) of any coastline or within 60 miles (100 kilometers) of any boundary. This area also includes the whole Baha 'i Peninsula.

Mexico 19 17 Article 27 of the Constitution states that foreigners are prohibited from obtaining property ownership in places referred to as "forbidden areas". The restricted area includes the coast of 50 km (30 miles) or the boundary of 100 km (60 miles) and the whole Maha Peninsula.

The fideicomiso law was enacted in 1973, which provides a legal, simple and safe way to circumvent the constitutional provisions. According to the permission of the Minister of Foreign Relations, the trust puts the legal ownership in the name of a Mexican bank, so the bank can manage the property on behalf of the buyer/beneficiary, and the buyer/beneficiary enjoys the same ownership as Mexican nationals.

Mexico's trust financing law was established in 1973, which provides a legal, simple and safe way to circumvent the constitutional provisions. In the name of local legal rights, with the permission of the Minister of External Relations of the Bank of Mexico, the bank can manage the property of the buyer or the beneficiary, so that they can enjoy the same rights as Mexican citizens.

The license to establish a trust can be obtained for a period of 50 years, and then it can be extended several times, thus establishing permanent rights for the owners of Mexican property. If a foreigner wishes to sell, he can transfer his rights to the buyer, or the buyer can obtain a new trust license according to his own wishes. At present, the licensing and registration fee of the foreign investment registration office is about 1 950 US dollars, and the bank trust management fee is generally 200 to 750 US dollars per year.

Mexico allows 50-year real estate licenses to be issued, and then extended several times, thus establishing the owners' permanent rights in Mexico. Foreigners can also allocate rights to buyers according to their own preferences, or make buyers obtain new trust funds. At present, the license fee and investment registration for foreigners need about 1950 USD, and the bank trust management fee usually ranges from 200 USD to 200 USD per year.

Mexican companies as a tool to acquire "restricted" property: According to the Foreign Investment Law 1993, companies established in Mexico are regarded as Mexican companies according to the law, even if all shareholders are foreigners. Therefore, Mexican companies with 100% foreign ownership can purchase property in restricted areas. This only applies to non-residential properties: such as hotels, restaurants or other types of enterprises. It is against the foreign investment law to build a retirement or holiday home in the name of a Mexican company.

Mexican companies as a tool to obtain the right of "forbidden zone": According to 1993 Foreign Investment Law, all companies established in Mexico must be bound by Mexican laws, even if all shareholders are foreigners. Therefore, 100% Mexican companies with foreign ownership can also obtain property in the "restricted area", but it is only applicable to non-residential property, such as hotels, restaurants or other types of enterprises. Building a retirement or holiday villa in Mexico will violate the foreign investment law.

Ownership investigation and public registration: ownership, whether through direct ownership or trust, must be registered in order to notify third parties about property rights and interests. The certificate obtained from the local public registry will provide additional information about the burden of property rights. Title insurance is now available in some areas through Mexican and American companies, and should be available anywhere.

Housing ownership survey, registration and publicity center: housing ownership, whether through direct ownership or trust, must be registered to inform the third party's property interests. The certificate will be obtained at the local public registration center, and the ownership of the house on the property will be used as collateral in addition to providing information. In some areas, property insurance can now be purchased through companies in Mexico and the United States.

There is no licensing law for real estate or trust agents in Mexico, and the supervision of lawyers is almost non-existent. Foreigners considering buying real estate in Mexico should consider the following criteria:

Under the supervision of Mexicans and lawyers, unlicensed real estate or escrow agents hardly exist. As a foreigner, when you consider buying real estate in Mexico, you should consider the following principles:

Choose your real estate agent carefully. Make sure that the agent you are considering is an active member of the Mexican Association of Real Estate Experts (AMPI). AMPI members operate according to the code of ethics, belonging to the National Association of Realtors (NAR) and the Canadian Association of Realtors (CREA). Check references and others who have dealt with the broker.

First, choose your real estate agent carefully. Make sure that the agent you are considering is an active member of the Mexican Real Estate Professionals Association (AMPI). AMPI members operate in accordance with the code of ethics and are affiliated to the National Association of Realtors (NAR) and the Real Estate Association of Canada (crea). Remember to mention and discuss the choice of agent with others.

Beware of ejidal property. More than 50% of the land in Mexico is public land, which means that it is the property of the government and serves the community, just like the Indian land in the United States and Canada. Some provisions in the law now allow villages to be turned into private property, but this may be risky until the transformation process is completed.

Second, take care of public property. 50% of the land in Mexico is public land, or public land, which means the property used by the government for community services, just like the Indian land in Canada and the United States. At present, some laws allow public land to be converted into private property, but this may be risky before the conversion process is completed.

Make sure that the value registered in your deed is the total amount you paid. In many communities, it is customary to use the assessed value instead of the full value as the basis of the cost. Since the assessed value is usually 40% to 60% of the real business value, the buyer can save the purchase tax (2% of the declared value) and property tax at the beginning. Nevertheless, when selling, it may be expensive to use a value below the full purchase price, because the capital gains tax paid at the time of selling will be based on the value stated in the contract at the time of initial purchase. Therefore, the seller may end up paying a high capital gains tax for a fictitious book value. It is best to declare correctly at the beginning, rather than being trapped by unpopular taxes when selling later.

3. Make sure that the registered value of the contract you registered is the total amount you paid. In many communities, it is customary to use cost-based evaluation value instead of full value. Because the assessed value is often 40% to 60% of the real business value, buyers have to pay purchase tax (2% of the declared value) and property tax. Nevertheless, when expensive sales whose value is lower than the purchase price are used, the sales income can be obtained from the capital gains tax at the original purchase time according to the value statement. Therefore, the seller may eventually pay a fictitious capital gains tax with high face value. Therefore, it is much better to declare correctly at the beginning than to insist on not paying taxes later.

Whether through direct ownership or trust, insist on recording ownership in the local public registry. If the lien is attached to the trust property correctly or wrongly, no beneficiary may transfer his right to the property unless the right has been registered in his name before the lien is attached.

4. Insist on the ownership of the house. Those who register in the local public registry should insist on lien, whether through direct ownership or trust. Rightly or wrongly, the beneficiaries can transfer the property rights of the trust property unless they have registered in their own names before the lien is seized.

Choose a neutral third party to handle the transfer of your ownership. Escrow companies operate according to articles 193 to 208 of the Mexican Commercial Code, and provide services as neutral third parties and/or consultants in the transfer of ownership. Since these companies are not licensed, it is wise to insist on consulting and checking the tracking records, just as you choose to represent your real estate agent.

5. Choose a neutral third party to handle your ownership transfer. Trust companies operate according to articles 193 to 208 of Mexican Commercial Code, and act as neutral third parties and/or consultants in the transfer of house ownership. Since these companies don't have a trade license, it's wise to stick to test records or other almost the same way to choose your real estate agent.

Spend the necessary funds for research and obtain effective ownership transfer. The transaction cost may be between 3% and 20% of the property value. Cheaper properties will

The cost is higher, and the percentage decreases as the price rises.

Six, you can spend money to get the effective transfer of ownership. Check-out fees range from 3% to 20%, and less expensive houses will be more expensive. In terms of percentage, the lower the price, the higher the percentage of transfer price.

Adhere to the binding arbitration clause. Litigation can be expensive and time-consuming. It is much cheaper for both parties to agree in advance to settle any possible dispute through binding arbitration.

7. Adhere to the binding arbitration clause. Litigation costs are high and takes a long time. Any possible dispute can be resolved through binding arbitration in advance.

South Pacific corridor

On the Baja River in the Pacific Corridor

Now! Financing choice! Traditionally, buying a Mexican property means paying all the cash or persuading the seller to take out a mortgage. However, some American financial companies are now entering the loan market, which opens up a brand-new prospect for the leverage of the Mexican market. Another important option is to use a self-directed IRA to buy Mexican real estate. Real estate purchased with IRA fund can only be investment real estate, and cannot be used for personal use. Nevertheless, through the appreciation of sales and rental income, Mexico's entertainment industry is making a lot of money. Today's Soli d investment can provide a considerable savings for attractive retirement.

The choice of financing method now! Traditionally, buying real estate in Mexico means paying cash or persuading sellers to take out mortgages. However, now, some financing companies in the United States have entered the credit market, which has opened up new possibilities for the panoramic leverage of the Mexican market. Another important option is to use an independent IRA account to buy Mexican property. The nature of the funds for purchasing individual retirement accounts is that they can be invested in real estate, not used for personal purposes. However, a large amount of money is influenced by the leisure nature of Mexico, and income is obtained by buying, selling and renting. Reliable investment is an attractive way to retire today.

It is more and more meaningful to go to southern Mexico to find entertainment, retirement and investment real estate! . The future has just begun!

More and more people go to southern Mexico for entertainment, retirement and investment! The future has just begun!