Cashing In On a Second Home in Mexico How to Buy Rent and Profit from Property South of the Border eBook Tom Kelly
Download As PDF : Cashing In On a Second Home in Mexico How to Buy Rent and Profit from Property South of the Border eBook Tom Kelly 
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.
Cashing In On a Second Home in Mexico How to Buy Rent and Profit from Property South of the Border eBook Tom Kelly
Published 2005....I should remember to look at copyright date.... much info still relevant but I'm second guessing as I read.....Product details
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Cashing In On a Second Home in Mexico How to Buy Rent and Profit from Property South of the Border eBook Tom Kelly Reviews
It deserves 3 stars because it did contain some useful information which was unknown to me, however it wasn't that great of a read. There are not a whole lot of books on buying a home in Mexico so this one will have to do for now.
Great book with lots of useful tips. good starting tips lots of resources. great for the beginner investor. could use more contacts information. all around a lot of good advice.
This book has good information about real estate ownership and purchase in Mexico, but it is repetitive and constantly touts Stewart Title. I felt like the book should have been edited to a fifth the size and given free.
Enjoyed it lots!
Rent
I am in the process of buying a house in Mexico. I am buying in Baja and the info in the book really helped me. So far, so good. Fortunately, I'm buying from a reputable developer and my purchase so far has been exactly the way the book detailed that it should go. I think this is a great book to show you what the sale should look like so that you can tell when it is legit or not. Great info source.
Many similar books on the market. None are great. This one is ok.
Published 2005....I should remember to look at copyright date.... much info still relevant but I'm second guessing as I read.....
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