Can Foreigners Own Property in Mexico?

Рет қаралды 96,351

3 жыл бұрын

IRS Ruling mentioned in the video:
www.irs.gov/pub/irs-drop/rr-1...
Ready to Move to Mexico? Check out the COMPLETE Mexico Relocation Guide
bit.ly/3SICdD0
DISCLAIMER: I am not a lawyer, real estate professional, immigration specialist, import broker, financial advisor, major league umpire or astronaut. The information provided in my videos is based on my own experiences and/or research and is not intended to serve as professional advice. I make no representation or warranty of any kind, express or implied, regarding the accuracy or completeness of said information. In other words, take some responsibility for your own life choices and conduct your own research before making important decisions.

Пікірлер: 364

@qroo Жыл бұрын

Ready to Move to Mexico? Check out the COMPLETE Mexico Relocation Guide bit.ly/3SICdD0 Boost Your Spanish kzfaq.info/get/bejne/hOCTZNKDuKe0gWQ.html

@JuanMoreno-wo5yb Жыл бұрын

Thanks for reminding me to hit the like and so on. I am too old for social Media!!

@JuanMoreno-wo5yb Жыл бұрын

I found it; the video you said explains what I wanted to know! Plus!! Well, my Mexican lawyer says he specializes in everything I ask him about! I told him my mom always said Lawyers are liars! When he tried to say I am not a liar, he slipped up and said (clearly) “I am not a lawyer.” Funny time!! I don’t trust any liars or lawyer btw! Thanks for the video…. I need to have a personal consult if you don’t mind someone crying on your shoulder. I have lost at least $200,000.00 American dollars by trusting people who should be trustworthy from the Church! Call me stupid!! I will be the one to say, here I am over here!! 😅

@bentnickel7487 3 жыл бұрын

You're my new "go to guy" on things I didn't know about Mexico. Going back now to watch your old videos.

@qroo 3 жыл бұрын

Thanks!

@robvisola8890 3 жыл бұрын

You are awesome & positive! Thanks neighbor

@talkcommonsense 3 жыл бұрын

Nice overview... thank you!

@tommerryman6647 3 жыл бұрын

Awesome as always. Keep them coming and you two stay safe.

@72tubedmiaz 3 жыл бұрын

I’m learning a lot, thank you 🙏

@olgaarquebus5737 3 жыл бұрын

Great information. Keep these videos coming, they are very informative. Thanks.

@cl7477 3 жыл бұрын

Thank you for your amazing info.

@KillerMcDiller 2 жыл бұрын

Already liked and you answered a lot of questions I had in another one of your vids.

@minigirl6379 3 жыл бұрын

Best channel I've watched regarding living in Mexico. So informative. So happy I found this !

@lisamckinney5784 2 жыл бұрын

Thanks for more important information!

@mattdeannsscuba4830 3 жыл бұрын

Thanks for the info! Great vid

@RickRackTravels 3 жыл бұрын

Very informative video ! Love the ‘never, never, never’, it made us laugh. Great job 😊

@marthagonzalez1492 3 жыл бұрын

Thank you for the information. God bless you and your family.

@allanzfs 3 жыл бұрын

Accurate and clear. Thanks.

@jackcass9899 3 жыл бұрын

I have been wanting this information for so long.thank you so much.

@qroo 3 жыл бұрын

You are so welcome!

@tookallyourmoney 3 жыл бұрын

Excellent information.

@luyzqint3760 3 жыл бұрын

Exelent info. Thanks, Paul.✌️

@lhv569 3 жыл бұрын

Thanks. That was really informative. There is so much to learn.

@qroo 3 жыл бұрын

Glad you enjoyed it!

@gerardoreyes9414 3 жыл бұрын

Very interesting video. Thanks for doing it.

@rknea 2 жыл бұрын

Most informative channel EVER! Thank you so much!

@qroo 2 жыл бұрын

Thanks for watching, Rick. :)

@bdevs7373 2 жыл бұрын

Thanks for amazing information

@d.a.v.9381 3 жыл бұрын

Thank you so much Paul, this is very valuable information, for foreigners and nationals alike, your due diligence well appreciated... taking notes of all your tips!

@qroo 3 жыл бұрын

You are very welcome

Жыл бұрын

Great video Paul & Linda, greetings from San Quintin, Baja California 🫶

@josephquillian2866 3 жыл бұрын

Jorge and I enjoyed watching this, Paul! We learned some things! ¡Saludos! Pepe

@qroo 3 жыл бұрын

Glad you found it useful. Saludos. :)

@josephquillian2866 3 жыл бұрын

My partner and I are retired teachers and will do volunteer work once we are living in Querétaro. I might opt to continue doing Spanish English court interpreting via Zoom as I presently do here in Dallas. :-)

@0hfoxyroxy 2 жыл бұрын

Thanks for clearing up a lot of misconceptions that I’ve read about when owning in Mexico

@qroo 2 жыл бұрын

Our pleasure!

@dantearremilla1797 Жыл бұрын

Nice, congrats. Accurate video.

@arcataslacker 3 жыл бұрын

Really enjoying your videos, thank you!

@qroo 3 жыл бұрын

Thanks for watching them. :)

@pinballguru 3 жыл бұрын

We love you !!!!!..........in a few years we will both have about $3000 each in SS plus our 401 and IRA....I think we are golden according to a few of your videos.. Wanna be on the Yucatan side....we also want to work remotely as we love what we do online.

@tunemistress8433 3 жыл бұрын

Invaluable information in this video

@krysh8725 3 жыл бұрын

Great info, you are my new favourite channel.

@qroo 3 жыл бұрын

Thanks!

@GenX50 2 жыл бұрын

Thank you 👍🏼👍🏼 great video

@teresita4791 Жыл бұрын

THANK YOU FOR SHARING YOUR KNOWLEDGE WITH US, GOD BLESS YOU!

@qroo Жыл бұрын

Same to you!

@garyduran1 3 жыл бұрын

Awesome. Thank you

@richardleetbluesharmonicac7192 3 жыл бұрын

Don’t buy anything you can’t afford to lose. Most foreigners last about five to ten years until someone inevitably takes an interest in thier property and harrassed them to leave. We almost got kidnapped the people were so desperate to rip me off

@davidspez7267 2 жыл бұрын

Awesome advice, thank you 🙏

@qroo 2 жыл бұрын

You're so welcome!

@abbieamavi 3 жыл бұрын

*this was so well done, perfectly explained, and feeds my real estate addiction. thank you so very much!!* :)

@qroo 3 жыл бұрын

Thanks for the positive feedback. :)

@darrellvivianpeters6631 3 жыл бұрын

Great info thank you so much...I have toyed with the idea of owning property there...unfortunately we are unable to get down right now to look into the area more...thanks again for the info we really love your videos...Viv

@monicaduby1362 3 жыл бұрын

Your information is presented in a very systematic and precise way. I love abundance of details. I’m considering buying a home for about $57K in the outskirts of Guadalajara. Thanks for giving us all the info

@qroo 3 жыл бұрын

Glad it was helpful!

@josephwebster2909 8 ай бұрын

Bro in law is from their, seen his brother murdered and ran over with a car

@lisafarrell6334 Жыл бұрын

Thank you, liked and subscribed. Moving early next year with a trip in September this year.

@qroo Жыл бұрын

Welcome aboard!

@natalieshigeta2510 3 жыл бұрын

You are the best! we are moving to Akumal in December when our condo is completed so your videos are extremely important to us. You seem so calm, and at peace with your decision to live in Mexico which is very reassuring!

@qroo 3 жыл бұрын

Mexico has been a great move for us, that's for sure. By the way, welcome to the neighborhood. :)

@MineshBaxiYT 3 жыл бұрын

I am looking at Tulum

@rain4rusty 2 жыл бұрын

Wow!!! Your videos are really helping me a lot. I am an expat in Chiapas for more than 10 years.

@qroo 2 жыл бұрын

Thanks, Rusty. :)

@Steven-zx7uo 3 жыл бұрын

Great video, your looking very comfortable. I've been following you for years and I think the video's will attract a lot of subscribers!

@qroo 3 жыл бұрын

Thanks for saying that. I'm still very new at this. :)

@bartlawhorn2762 3 жыл бұрын

Better question is can you buy property in America and can the US Government take it? So it’s about the same in Mexico if you look at it like that.

@GTSCoupe Жыл бұрын

You meant to say buy a home in the U.S . America covers an entire hemisphere.

@brendanalexander6053 Күн бұрын

Informative. I own a property outright in mexico city. Escritura's in my name. And my wife and I bought an ejido property in Baja. The Ejido property is in my wife's name and, yes, it is tricky, not gonna lie. I did a lot of due diligence on the ejido deal and had a trusted real estate friend looking over my shoulder. Plus my wife is Mexican. Nevertheless, I will not be fully confident that the deal is done until we get the escritura. If you can't handle a little extra risk and uncertainty of buying ejido, don't do it.

@WayneGluyas 2 жыл бұрын

Thank you very entertaining & informative for an Aussie Tradesman.

@tammiepulley7167 2 жыл бұрын

Great video. Thanks.

@qroo 2 жыл бұрын

Thanks for watching!

@RealSavages 26 күн бұрын

I purchased property in Mexico and never was asked to get the Fideicomiso. I got a title to the land and that was it. This was in Quintana Roo (cancun) I am currently putting this 5SQ Meter piece of land on the market to sell it. My problem is that I will have to self report and pay the gains tax here in the states. (darn it)

@BethLauraAshton 3 жыл бұрын

This is the second comment in as many days since finding your content. I have learned so much about Mexican life and paperwork. I’m an immigrant who’s moved around a fair bit, and I would have loved this kind of concise, helpful and practical info that didn’t take hours to sift through and find what was pertinent to my situation. Great job, and great blog too.

@qroo 3 жыл бұрын

Thank you very much, Sugar-Cicada. :)

@JuanMoreno-wo5yb Жыл бұрын

@@qroo Knowing what you know could have changed me from being a loser to being at least on par with the illegals entering the USA today! They have more than I do and I am a one hundred percent disabled Veteran of the good old USA! Am I crying! I want to cry honestly! It is hard seeing these people enter illegally and get every benefit I fought for, for the people who follow the law! I am in Mexico not a resident though and I cant live well here and definitely NOT over there in MY OWN COUNTRY! 😢 I am more mad than sad I suppose!!

@elviejodelmar2795 3 жыл бұрын

Right on! I own land both within and outside the restricted zone and you've outlined everything perfectly. Just one piece of advice on ejidos from my Mexican relatives and friends, "No chingas con ejidos, guey." You might want to cover the role of the notary public in Mexico. They are 'super' lawyers, not a secretary with a stamp.

@richardleetbluesharmonicac7192 3 жыл бұрын

Stay far away from buying from the ejido they can legally revoke your purchase even if it’s parcelo separado

@angelalucero560 3 жыл бұрын

Unless you a daughter o son of ejidatario and have Mexican and American citizenship like me.

@JuanMoreno-wo5yb Жыл бұрын

@@angelalucero560 Mexicans steal from Mexicans too so there is that! Not to say any other country has better people.

@pauljeanrony5075 2 жыл бұрын

Thx you for your video PAUL ..i love mexico too ..i will like too move there too

@domingodeanda233 3 жыл бұрын

That was pretty damn good, thanks.

@qroo 3 жыл бұрын

Thanks! You made my day.

@DoniaDesautels 3 жыл бұрын

great, informative, and entertaining vid, thanks! I am hoping to buy a house in cdmx someday:)

@donbobness 3 жыл бұрын

Again great info very important topic land ownership thank you

@qroo 3 жыл бұрын

Glad it was helpful!

@leoruiz5356 3 жыл бұрын

Great information

@qroo 3 жыл бұрын

Glad it was helpful!

@z0ro_62 28 күн бұрын

Its a cool thing i Don't got to worry about any restrictions now i just need the funds

@destineyash8077 3 жыл бұрын

Great video, very informative! I’ll be making the move next summer and it seem as though there is always more to learn. On top of my Spanish lessons (should have paid more attention in Spanish class) 🤦🏽‍♀️

@riropower 2 жыл бұрын

So, how‘s it going?

@BeckyInCa 3 жыл бұрын

Thank you for breaking this down for us. I look forward to your future videos on the subject of buying property in Mexico.

@qroo 3 жыл бұрын

Glad you liked it!

@jerryfregozo6338 3 жыл бұрын

New subscriber here. Excellent video.. keep it up!!!

@qroo 3 жыл бұрын

Thanks and welcome!

@rickmelillo2760 3 жыл бұрын

Once again, great content! Keep them coming. Thanks you.

@qroo 3 жыл бұрын

Thanks, will do!

@tonysilver6016 3 жыл бұрын

Very useful!!

@qroo 3 жыл бұрын

Glad it was helpful!

@BrawndoQC 3 жыл бұрын

Great video., I've mine under my Mexican corporation (SA de CV)

@juliaallen1880 3 жыл бұрын

Good information

@qroo 3 жыл бұрын

Thanks

@oldhardrock2542 2 жыл бұрын

Great info. I once had intentions of buying a small ranch in an ejido but, never pursued it because my situation changed and I went elsewhere. Glad I didn't. Had not thought about the ejido complications. Hmm, common ownership of property in an ejido is not really an incentive for the ejiditarios to invest time and money in a piece of the ejido. If I made my place, well the piece I considered mine, super productive and attractive, my neighbors could say it belongs to them even though I were a member of the ejido.

@terrycavender 3 жыл бұрын

Yea! More accurate intel! Looking forward to your video on healthcare, especially the private health insurance, details on that, where do I get it, and an idea of costs would be helpful. Right now I'm on the typical geezer insurance, even paying extra for the "better," level, and it sucks.... 🙄

@qroo 3 жыл бұрын

I like your channel, Mexican Money. Your videos look pretty sharp.

@RickFidelisReed 3 жыл бұрын

I’m saving THIS. 👍🏻

@StephenWeppler 3 жыл бұрын

Great video, wonder how much I have to tell Canada about my place in PDC...? Haven't really looked into that yet.

@soniahamilton9914 3 жыл бұрын

This vlog is interesting

@diegoborgonovo5588 2 жыл бұрын

Very good advice. And even after double checking every detail, I would not be comfortable buying real estarte in Mexico until a few years have gone by. I heard terrible stories, "notarios" and lawyers notwithstanding.

@JuanMoreno-wo5yb Жыл бұрын

Remember this truth: Lawyers are paid to lie and they get so used to it, they are basically lying everytime they speak! It is a shame but sadly it is the case with 99.9999999 percent of them! Good luck.

@patriciavandevelde5469 7 ай бұрын

In europe lawyers and notary are already super corrupt!

@mava4912 3 жыл бұрын

You really made a great search, useful info even for a Mexican citizen

@qroo 3 жыл бұрын

Thanks. :)

@user-wt5jc6nb9b 8 ай бұрын

great video now i'm not so leery about mexico

@pulukie 2 жыл бұрын

I am glad that there are so many sceptical people on this topic. Just less Americans that I have to deal when I am at my home in Mexico. Adios.

@PabloPicapiedra1 3 жыл бұрын

This guy knows what he is talking about!

@wabeebe 3 жыл бұрын

Just started watching your videos. Great content especially about banking exchange rates ets. My wife and I will retire in 2025 and she is Colombian. Not sure if we will retire in Colombia or even Mexico or just travel different places in the world. I will definitely put Mexico as an option after listening to you. Wish I had a resource like you in Colombia. Keep up the good work. I already learned things which will help me in Colombia.

@qroo 3 жыл бұрын

Thanks for checking out the videos. If you do end up in Colombia, maybe you can start making videos like these to help others. :)

@user-wt5jc6nb9b 8 ай бұрын

have you seen those gringos go home signs down there? forget colombia

@j.whisper2379 Жыл бұрын

Yrs! I own my home and property! In Patzcuaro, Michoacan!

@vrokhlenko 3 жыл бұрын

Excellent video! Read about a horror story of people being kicked out from the Ejido properties in Tulum - hotels, restaurants, etc.. That stuff is real!

@riropower 2 жыл бұрын

Yeah, nationals always say „don‘t mess or get involved with Ejidos“

@brandystrand2722 3 жыл бұрын

Paul, I just want to say that if you choose to not keep up with you New Year's goal of more You Tube videos, I'll be forever lost on how to move to and live in Mexico eventually! ;-) In other words, keep up the good work!

@qroo 3 жыл бұрын

Haha! So far it's been a fun hobby so I'll probably keep at it -- at least awhile longer. ;)

@investment-clientrelations2488 2 жыл бұрын

great stuff! I actually have an Attorney thats helping me buy IP's in Tijuana! They are building appts, lofts like crazy! Great for air&b money. You enlightened me today! Of course the best way to purchase property is to become a Citizen! Another story for another day! ty

@plant-basedmd7891 3 жыл бұрын

Money talks, you can definitely own if you have the cash

@armandosanchez152 3 жыл бұрын

Anyone can lease or rent land for hundreds of years if need be . As long someone pays city taxes .no one really cares who owns it , but remember keep it beautiful ☺️

@gustavoperez5480 3 жыл бұрын

Guys, unafortunately mexican real state increase and later Is difficult to mexicans to afford a nice condo or property at mexican nice áreas sadly, clear example Ajijic city and Puerto Vallarta. Regards to all of you.❤️❤️

@philschiavone101 3 жыл бұрын

Now I know why my wife is so careful about buying a house. She just kept saying no ejidos. But not explaining why.

@Salva730 2 жыл бұрын

I have dual citizenship so no issues here. However, I love the info.

@hectorquezada1331 3 жыл бұрын

Sure you can if you have the. Money yes!! And it's cheaper than the states

@kiplambel4052 3 жыл бұрын

Of course we can, and DO!

@gustavoperez5480 3 жыл бұрын

Unafortunately mexican real state increase ITS value and Is difficult to mexican to afford va property at noche áreas.

@thisweekmetaverse 8 ай бұрын

Having bought a house in Cuernavaca (non Restricted zone) I have to point out an omission in your guidance. To buy my house although outside the restricted zone I still had a process with SRE (Foriegn relations Ministry) to have them "approve it" / file it with them. This process was handled by the notary and fairly painless. This was buying as a resident in Mexico. We are about to buy a second house in Merida and that will be the Fedeicomiso from the bank, as has been said there's a fee (14,000 mxp) annually to keep it.

@qroo 7 ай бұрын

Yes, there is an additional piece of paperwork but you can hold direct title.

@Mrez95 4 ай бұрын

Very useful! Thanks for the content. Quick question, how does one browse properties in Mexico? ie. Redfin / Zillow. Does that exist?

@tdcoronado 3 жыл бұрын

Can you talk about how you transferred the funds to Mexico for buying your condo. Thanks

@PopleBackyardFarm 3 жыл бұрын

I enjoy your channel you cover so many interesting subjects

@qroo 3 жыл бұрын

I appreciate that!

@tlerew12 3 жыл бұрын

love that shirt! Great videos; I'm about to look up your blog!

@qroo 3 жыл бұрын

Thanks! Here's the link to the blog: qroo.us/

@tommorrisey3999 3 жыл бұрын

Paul, have you done a video on exactly how you purchased your condo?

@qroo 3 жыл бұрын

Not yet.

@misterj3790 3 жыл бұрын

Hi Paul, Do you have any information about Home Owners Insurance?

@VoiceoverMomentum Жыл бұрын

I’d buy in a heartbeat. But after I spend time renting… partially to be sure of which area I want to buy for in

@chanelsmith1985 2 жыл бұрын

I just talked to a realtor from Mexico who sent me a guide on how to buy a home in Mexico. I had found the "loophole" on my own but he explained it better to me about the trust. Nice to see someone make a video on this. :) my husband & I are hoping to move to Mexico within the next 2 years

@alexmunozluna5641 2 жыл бұрын

Could I have a word with you? I’d appreciate it 🙏🏻

@gerlobagerloba4709 3 жыл бұрын

hi hi Paul really nice video that you posted I do have a question I would love to buy a piece of land so I can build a home in Rosarito or a little bit south of Rosarito do you have places to recommend that we can look up or talk to real estate agents in Mexico that we can trust thank you really nice video

@alexpolicarpo4344 Жыл бұрын

So basically like buying a timeshare

@erikrichardgregory 2 жыл бұрын

"Your welcome..." LMAO. Good advice here for which we should say, "Thank You."

@qroo 2 жыл бұрын

Glad you liked it!

@user-ew2ju3gr6v 3 жыл бұрын

Another great video, but wanted to ask why you bought real-estate in Mexico vs. just renting? We are researching a move somewhere down there, haven't decided specifically on Mexico yet, but havent even talked about actually owning property. is there a video that addresses that?

@mundoguzano7719 3 жыл бұрын

Wow you know alot of staff ....

@qroo 3 жыл бұрын

I try to be thorough. I have about 100 more videos planned for this channel.

@robnichols7923 3 жыл бұрын

Paul great video. Can you recommend an attorney that could be present at the bank signing for the Fideicomiso for someone from Germany? Thanks in advance.

@qroo 3 жыл бұрын

Thanks, Rob. We recommend these folks: mexlaw.ca/

@robnichols7923 3 жыл бұрын

@@qroo Thanks. We are looking at a property in QR and want to find someone that knows the ins and outs...keep up the great videos!

@riropower 2 жыл бұрын

Hallo Rob - wie ist es ausgegangen? Habt ihr ein Haus gekauft?

@danielpoirier6333 2 жыл бұрын

Firstly, great content, many thanks! Does anyone know of a bank in Playa Del Carmen that offers reasonable Bank Trust rates? We are closing on a small studio condo and my realtor is suggesting that the bank she deals with charges 2000$ usd to set up the trust and about 7000$ every year after. I find the price a bit rich in relation to the value of the property.