How To Buy Non-Coastal Property In Mexico As A Foreigner (STEP-BY-STEP)
Рет қаралды 84,955
2 жыл бұрынI’ve been spending the last few weeks finalizing all the paperwork and legal stuff to own my very own place in Mexico City, and I thought I’d break down my top tips and 6-step process to buying property in the city as a foreigner if you want to join me! I talk about financing options available to foreigners in Mexico, WHY it’s such a good time to move in the first place, how to find legit brokers and lawyers, and so much more.
**ATTENTION: I have a new Instagram and TikTok handle @itsrosehan **
That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me.
TRUSTED REAL ESTATE CONTACTS IN MEXICO CITY:
Real Estate Agent:
Alejandra Leon
al@iarequipa.com
+52 55 5217 9827
Mortgage Broker:
Juan Carlos Monterde
juancarlosm@centralhipotecaria.com.mx
+52 55 4241 7076
Notario:
Jose Maldonado
jose.maldonado@notaria5.com.mx
+52 55 4321 3633
Tax Advisor:
Luis Gerardo Gonzalez
lg-gonzalez@gonzalezsalum.com
+52 55 2971 7923
TIMESTAMPS
00:01:33 - Why buy property in Mexico?
How to buy property in Mexico as a foreigner, step-by-step:
00:02:42 - Step 1: Find a place you like!
00:06:04 - Step 2: Negotiate a price
00:06:49 - Step 3: Find a notario and start the paperwork
00:10:21 - Step 4: Sign the contract
00:11:53 - Step 5: Close on the property!
00:13:44 - Step 6: Enscripcion de la propiedad en el registro publico
00:14:14 - Financing options for foreigners
00:15:15 - Real estate prices in Mexico City
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**BOOKS I RECOMMEND 📚**
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
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The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
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InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
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Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
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Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
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Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
amzn.to/37N2adc
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**MY FAVORITE MONEY TOOLS 🖤**
YNAB (I literally can't live without this budgeting app, so obsessed)
www.youneedabudget.com/?ref=Y...
Wise (like Venmo but for international currencies - I use this app a LOT for my life in Mexico)
wise.prf.hn/l/413jE0q
Ledger Nano S (crypto storage hardware wallet, because "Not Your Keys, Not Your Crypto"!):
amzn.to/3Ne37jy
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DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
__________
SAY HI ON SOCIAL! 👋🏼
Website: www.rosehan.com
Instagram: / itsrosehan
TikTok: / itsrosehan
Pinterest: / itsrosehan
@juancarlosmonterde4628 2 жыл бұрын
Hello Rose. I'm the mortgage broker you mentioned. I think your summary of the entire long process is excellent and very complete. Very precise not only in each step but in costs. I recommend to all those who are interested to come to Mexico to grow their assets in a safe way..🏦💰📶 Thanks
@nycbankers1427 Жыл бұрын
Do you have an Instagram where you post listings ?
@cyberagentstanleydean7366 Жыл бұрын
Can u send prospective listings of value and interest to my email or share your email so I can send a request for direct listings availabke
@starboy5177 Жыл бұрын
Interested in buying peoperty. Please help. Also, how can one grow their assets in Mexico?
@deanxiao6383 Жыл бұрын
Hello, I'm interested in purchasing a house. Could we connect to see some listings you have?
@jolanahoward Жыл бұрын
People, this guy JuanCarlos is NOT the Alejandra that she mentions in the video. The REAL Alejandra’s info is in the description.
@paulc1014 2 жыл бұрын
Been living in CDMX for 3 months now. Supporting local Mexican businesses, street vendors, assimilated into Mexican culture. If you move here, don't shop or eat at American owned businesses! Those greedy corporations already have enough money, support Mexican businesses!
@DoubleJabSlipRightHand 2 жыл бұрын
People who move to America from other countries should do the Same. Assimilate to the culture here and shop at American owned small businesses.
@josephemanuelloving4653 Жыл бұрын
@@DoubleJabSlipRightHand SMALL businesses is the focus 🙏🏼💜
@Bhq870 Жыл бұрын
@@DoubleJabSlipRightHand but the dollar is strong. It’s not the same thing
@wetguavass Жыл бұрын
The real Americans are the brown people of Mexico, Nicaragua, Venezuela, Bolivia, etc.
@babycakes.x 10 ай бұрын
@@DoubleJabSlipRightHandpeople go to Mexico for cheap living, not the same
@nickfloats Жыл бұрын
I met with Alejandra and her team a few weeks back while in CDMX and she is so. freaking. amazing. She set us up with a full day of tours, provided a car + driver to take us around, somehow managed to convince owners of neighboring units to let us walkthrough their space so we could get a sense of what the unit could look like when fully furnished, and generally went above and beyond to answer all of our questions and provide an incredible experience for us. She was awesome. Thanks so much for the reccomendation Rose!
@cyberagentstanleydean7366 Жыл бұрын
Hi how can I be in contact with Alejandra or if Rose can provide recommendations
@nickfloats Жыл бұрын
Rose left her info in the description 👍
@Mexicobeanpole Жыл бұрын
I moved to Mexico and bought a house in 2005 after selling my Florida home and got to put only 25% out to buy an equivalent home in Mexico, I’ve since sold the Mexico home for a tidy profit and I’m back in the US taking care of an elderly parent. When I’m able to go back to Mexico, I’ll go back with bells on. I loved it so much. But, I don’t think I’ll buy for the first couple of years. I want to travel Mexico like a free spirit, and learn more about this amazing country. And perfect my Spanish!!
@patriciavandevelde5469 6 ай бұрын
9k how much tax did you pay in total on the sale
@kathleenoneill7414 2 жыл бұрын
Congratulations on your new home purchase in MC! You did a great job researching and presenting the information in this video. You look so happy, I'm very glad for you.
@vc6036 2 жыл бұрын
Missed your videos Rose. Welcome back! This was very informative. Thanks for sharing. Can't wait to see your purchased property.
@kreaturae 9 ай бұрын
Great info! Here in Playa del Carmen and the Riviera Maya where I work as a buyers agent, every other person you meet is a “real estate agent”, it’s all fun and games until they need to do the actual work; in the state of Quintana Roo you are supposed to have a government issued real estate LICENSE, only around 350 agents are actually licensed in the state, 1 out of every 10 advertising out there! So you are at a 90% chance you’ll get a NON LICENSED real estate agent…
@JourneywithMrsMilan 2 жыл бұрын
I loveeeee how thoroughly and detailed you were per usual rose! Thank you 💕
@BellaMecia 2 жыл бұрын
Man so much gems and information shared in this video, thank you, thank you, thank youuu!! You make me feel like I can do anything Rose. In the words of Kanye, wait till I get my money right!
@sylviageorge2287 2 жыл бұрын
Rose, you look amazing 🥰I am so happy for you. Thank you for making this video - it surely got me thinking outside the box. I really appreciate your content and look forward to seeing more of it. Much love 🤗
@agilachristian 2 жыл бұрын
Rose 🌹 I Love e/single one of ur videos, they are all VERY informative and educational. Your Spanish accent is hilarious 😂 but I commend you for learning it and using Spanglish to explain the terms. I can’t wait for the tour video once you buy the place. Please do a before and after video of the property as I know you will upgrade and decorate. 🤗 🤗
@laornyc 2 жыл бұрын
Great content Rose. I love the diversity your point of view is specific and relatable.
@curiouswords 2 жыл бұрын
Great video, Rose. The very best with your new home! Looking forward to the home tour!
@joshking8264 2 жыл бұрын
Great! I love people talking from experience, hard to find on social media. Thanks
@TimothyCatan 2 жыл бұрын
"Looking beyond your own country is one way to do this." Amen! I've been in the Philippines for the past seven years (minus one year due to pandemic complications). It has its pros and cons but when it comea to financial factors there are quite a few upsides. Great video, Rose!
@amysaysamy Жыл бұрын
I just got my temp visa approved - wish I found this vid sooner but glad I found it now. Lots of helpful info! Thanks!!
@hyunmoney 2 жыл бұрын
LMAO that F bomb! 😂 I love how genuine Rose is!
@tonynunez6539 Жыл бұрын
Very good and informative video. Great pace and attitude. Fun to watch.
@RoyinThailand 2 жыл бұрын
This is very helpful. Thanks, Rose. I am retired and have been living in Thailand these past ten years but my Medicare is useless here so I am considering finding a place in Mexico to do the healthcare run. The US is not a place for retirees. I am not in the same financial place as you and would be happy to rent a place in some town like Ensenada or thereabouts. It seems that renting would be a better use of my money than a full purchase of something.
@cordelialear1528 Жыл бұрын
Stay in Philippines
@Gaboch8719 2 жыл бұрын
Excellent video, Rose! Thanks for sharing it! A quick question: Have you already dealt with insurance and medical care? Not sure if you have a previous video about it. Thanks!
@adventurepantsmcgee 2 жыл бұрын
"Because she was f**king stupid, quite frankly." Tell us how you really feel. But really, thank you for your honesty. It helps every single person who watches your videos. This was fantastically thorough. I appreciate it.
@user-fy9em6kr6i 2 жыл бұрын
I like everything you told us in this video. I guess you might be missing out all the migration related topics. The top priority of home sellers and brokers is to sell you properties… but the Migracion status is something you have to consider. Hope you enjoy Mexico.
@jorgevelasquez9955 2 жыл бұрын
Que Bueno Rose! Ojala todos tus planes te vanan bien!
@raymondcunanan1135 2 жыл бұрын
I never clicked so fast after reading an email alert from you Rose.
@itsrosehan 2 жыл бұрын
Very happy to hear that! Glad it was timely for you :)
@plaidman67 2 жыл бұрын
You're incredible, Rose! Love your videos!
@enjay9521 2 жыл бұрын
Another excellent video! I hope that this works out for you, Rose! For others who may be thinking of doing this, keep in mind that this can be risky. Invest what you can afford to lose. Case in point...I worked in an Asian country for several years. Bought a condo. Lived the good life. Blah, blah, blah. Then, the political landscape changed, sharply. A new political party came into government and really stuck it to expats with new laws, taxes, regulations, etc. I wound up leaving the country and selling the condo for a 60 percent loss. Ouch, ouch, ouch! After that, I invest mostly in US stocks and real estate.
@la381 2 жыл бұрын
Thank you so much for sharing your experience! Which Asian country was that in?
@chosen1520 2 жыл бұрын
at least mention the country so people can be cautious if they plan to buy in that country
@1231denyz Жыл бұрын
In México property always go up.
@natusfreedom472 Жыл бұрын
This happens a lot in 3 rd world countries.. u can’t even trust your own family , plus ..you don’t have the protection of laws like in the u.s , a lot of corrupt people . I would just stick to the u.s or Canada 🇨🇦
@enjay9521 Жыл бұрын
I tried to post a reply earlier, but KZfaq wouldn't let me....hmmm. Sorry, I'm not gonna mention the name of the country I lived in before, because I don't want to offend people from there or to make them feel targeted. That's not the point. Plus, I returned to the US in 2005 to start over, so situations can change over the years. But here's the bottom line. Before you buy property anywhere, do your own "due diligence." This is especially important when buying property in a foreign country. Good climate, good restaurants, good shopping, good night life? Great! Those things are important. But what about the local politics, crime rate, economy, and property laws? Is there a huge wealth gap between rich and poor? Are neighboring countries peaceful, or are they threatening to invade? Etc. You really need to read up about these kinds of issues. A good, current Google search can reveal a lot. As you read the news, do you spot any trends, any red flags? After all, it's your money. You worked hard for it. Invest wisely. Peace.
@paulinasolis-loza8560 2 жыл бұрын
I had been waiting for this video!!!
@TheDrewflow1 2 жыл бұрын
Good luck. Thanks for the inspiration and daring to not follow the crowd here in the US and spend your whole nest egg on a house. The prices have gotten bad here. I make pretty good money and I’m still flinching at these prices.
@rodneyhigginson323 2 жыл бұрын
Great video, very informative. Hope you do a video on furniture buying as well. Thanks, take care.
@johnnyd614 2 жыл бұрын
Great video. Very informative. Being from Southern Ca, I often think of purchasing a vacation home in Mexico. Thanks for sharing 🙏. Oh, and can Jupiter make an appearance in every video? Super cool 😎 dog.
@Brendan2Alexander Жыл бұрын
Traveling around is great in life. But setting down really good too. Glad u found a great pad in Mexico City. And hey you can always bop out of town for getaway trips. My wife and I bought in Roma Norte. Our fav getaway spot is Todos Santos in Baja Sur. We bought land there through the Ejido. Ooo boy a little tricky, but tremendous deals out there buying from Ejidos.
@christineshannon7902 2 жыл бұрын
Hey Rose! Thanks for the great video:)
@MrRikkiRocket 2 жыл бұрын
Nice video - thanks for the info Rose!
@letsdothis9728 2 жыл бұрын
Loving the video Rose!! You look amazing by the way!
@justsomethingtothinkabout8515 Жыл бұрын
Very informative video. Thanks for sharing your experiences.
@je9759 Жыл бұрын
Great video!!! omg thank you for all the information!
@lesliewilliams Жыл бұрын
Great information. I love this video. Thanks!!
@markkilpatrick7951 2 жыл бұрын
Congratulations Rose. Do you know if Mexico has any property inspections? Also, I assume you are buying an apartment. Do you know who owns the property the apartment building is on? Some buildings in Hawaii for example are on a reverse lease and after so many years the property owners can take back the property and can decide to have something else built on it. Could that happen in Mexico as well?? Thanks
@venuskirby8243 2 жыл бұрын
Good luck Rose!
@Blestmama7 2 жыл бұрын
Rose your looking so tanned! Beautiful as always! Thanks for sharing this video!
@dennisdouglas4261 2 жыл бұрын
Thank you for the step by step process.
@kristinaschlegel2680 Жыл бұрын
Incredibly valuable! Thank you Rose! Mil gracias.
@kreaturae 9 ай бұрын
Great info regarding closing costs; I like to point out that although closing costs are high compared to other countries, your property taxes are nothing compared, so you kinda offset that; in a way the government is getting their taxes off the bat upon closing vs throughout the years…
@urio7146 2 жыл бұрын
Rose, you are officially a Chilanga now 🤙🏻 🇲🇽
@joecolon8197 Жыл бұрын
Very informative and thorough, thank you.
@RespectfullyCurious 2 жыл бұрын
I think wherever people go, people should be respectful of the community and culture. I am glad you are. There some areas of the world where people have flocked to and drove prices up to where locals were priced out. I'm Mexican [first-gen American] and even people gave me a look when I told them I wanted to spend a month or so in CDMX over the summer lol. My family wants me to buy land in Mexico, and am looking into getting my Mexican citizenship as it would make it easier to buy property. At least, that's what I was told.
@wetguavass Жыл бұрын
The real Americans are the brown people of Mexico, Nicaragua, Venezuela, Bolivia, etc.
@user-hq6py7gc2p 5 ай бұрын
It helps a lot, thx for your video
@buffalo241 2 жыл бұрын
Really good information. Thank you
@jameelascanlan894 2 жыл бұрын
Great video, this would be a great investment. I’m definitely going to look into it.
@Mexican01o101 Жыл бұрын
Welcome to Mexico.. be kind to the people, respect our culture and you should be fine ☺️
@davidlucasmachado2831 Жыл бұрын
Same when someone comes to USA
@poormanspenthouse 2 жыл бұрын
Great video! Also congratulations to you!!!!!!!!
@MrAesir1 2 жыл бұрын
I think a lot of folks missed the end of the video where you mentioned taking care of the community around you. 100% agree. Ultimately a rising tide floats all ships. Enjoy the new place. Or should we call it Jupiter's new palace. ;-)
@renerosalez4915 2 жыл бұрын
Another good advice Rose ! I'm thinking of moving to Barrio Escobar in Medellin. They said its cheaper and peaceful.
@tulbanemoore8405 11 ай бұрын
This is so useful. Thanks for sharing.
@Dan-gv1mx 2 жыл бұрын
This was a really cool video, thank you so much for posting it!!! I’m excited to see more videos about your experiences and cost budgets while you live in Mexico, congrats on the home!
@pamhop5831 2 жыл бұрын
WoW Rose! This is so awesome!❤️✝️🤩
@carlosmoya8506 2 жыл бұрын
Wow Rose good job !
@Inabeauty 2 жыл бұрын
thank you so much for this video!!! :D
@Californiansurfer 2 жыл бұрын
Yes, your being honest. My Father and mother retired in Mexco, they built there house and lived for 10 years. It was beautiful. Yes, i plan to return to mexco , its just getting expensive in california…
@craigb4449 2 жыл бұрын
Love your channel! I want to buy rental property in Mexico as well until I move down in the next few years.
@seizethedayandlive Жыл бұрын
So cool; very happy for you.
@sagarmeena0210 8 ай бұрын
You explained it really well.
@JaybloEscobarGaming 2 жыл бұрын
Rose, your tan is settling in 🥰😍
@felonstomillionaires Жыл бұрын
Love the brutal honesty! That’s what I’m talking about. Haha. Made my night with that
@lucasomalley Жыл бұрын
I've been thinking about CDMX as a permanent place, but the Godzilla style earthquakes have made me think twice.
@theBSisreal 2 жыл бұрын
Great video, I have been thinking about living abroad for some time now.
@tiffanyjoyxP 2 жыл бұрын
ROSE! I'm not sure if you noticed but you're GLOWING ! Is it a tan? Looking greatt
@jerryfan6071 2 жыл бұрын
Lmfaooooo caught me off guard with the "cause she was f stupid" 😭😭
@itsrosehan 2 жыл бұрын
Well... she was 🤣
@jerryfan6071 2 жыл бұрын
@@itsrosehan it’s just funny cause you partied with her and said this haha
Жыл бұрын
Thank you for sharing your experience in Mexico City. I currently live in San Quintin, Baja California but my family is from there. Enjoy your time in CDMX 🫶 !
@herodotosofhalicarnassus1002 2 жыл бұрын
Living in a van down by the river used to be a punchline. Now it's an aspiration.
@gw7615 2 жыл бұрын
Thank you for making this video. Are the apartments free hold or lease hold in Mexico?
@sugarcoder 2 жыл бұрын
Wow Rose...did you get a nice tan? And congrats on figuring out where you want to settle down and live! :D
@thomas6502 2 жыл бұрын
Thank you Rose!
@m.x.0987 2 жыл бұрын
The tan looks great on you!
@proud_atheist5759 2 жыл бұрын
Looking to finalize a deal in India. Have two bedroom apartments available for 55 to 65 thousand Canadian dollars.
@Arbee1000 2 жыл бұрын
Hi Rose, just wondering if you have a vehicle in Mexico City? Is the public transportation decent/safe for getting around without one?
@christopherhouse7937 2 жыл бұрын
I hear Mexico City is amazing place to live! Great video. 👍🏻😃
@LuisVargas-xo4vb 2 жыл бұрын
Awesome content. I looked at La Haus. But it doesn't show anything in Veracruz. Any suggestions?
@jitendrashah2272 Жыл бұрын
Please let us know about which neighborhood you bought your apartment and for how much and how big it is. Thanks
@leighann7360 Жыл бұрын
I hope we can see yoor house tour video the soonest. 😍😍😍
@HughJass-jv2lt 2 жыл бұрын
What about your *Residency Status?* What type of Visa are you using? ☀️☀️
@hooberdoober576 2 жыл бұрын
I don't have enough years left to "invest". What do you have for old timers wanting to clean up by the end of next week?
@MyLatinLife 4 ай бұрын
Good intel!
@travisre4829 Жыл бұрын
Super solid video
@tlazohtla 2 жыл бұрын
Hi! Could you please educate people on buying property responsibly? It really does affect and displace local communities abroad.
@javierdiaz4763 2 жыл бұрын
That's a problem of government, go to Philippines and try buying a house see how that turns out for you.
@ivannamartinez259 Жыл бұрын
@@javierdiaz4763 we know the govermnent is not going to solve all of our issues. It's important people become aware of how video's like this are affecting the local economy. Gentrification will always be an issue, this is displacement. This is US salaries competing with Mexican salaries. Though it may be legal, this video is tone deaf.
@edwolfwood4714 9 ай бұрын
rents and house prices are getting higher thanks to you guys, now is harder for us that dont earn in dollars to live
@ChiLseason Жыл бұрын
Good job 👌👍 and thanks😊
@rouseelobe 7 ай бұрын
Thank you so much for this information! I’m actually looking for a nice place to buy in Mexico… all tho I’m Mexican but have no family living over there 😢
@krisopinionsful 5 ай бұрын
Omg thank you!!! I'm trying to buy a home in Mexico City I'm definitely going to contact your broker. I've been so scared about who to ask for help in buying.
@romyvaleriano4874 2 жыл бұрын
Wonderful!
@dunhammusicgroup Жыл бұрын
Thanks for the help.B
@marcosgomez9353 2 жыл бұрын
You have a good spanish accent Rose kudos to you.
@mikaboo43 Жыл бұрын
congrats!!
@frankellis9627 2 жыл бұрын
I'm glad to see you're doing this Rose. I'm also planning on doing the same but in South America 😎
@DanielRamos-uf3ui Жыл бұрын
I also feel a great enthusiasm for Mexico. 🇧🇷
@josefinacoronado5307 2 жыл бұрын
can you make a video of condominiums prepay sale, because someone asked 50% of the price and did not even start building the house
@liverpoolrichie5305 2 жыл бұрын
Thank you Rose! I've been thinking about purchasing real estate in Mexico and this video helped a lot!!! I really enjoy your channel and look forward to your videos!! Cheers!!
@sesetio338 2 жыл бұрын
Curious question for Females and Males. If you were to purchase something like a car or house would you prefer the same gender to be your salesperson?
@PsychicZya 10 ай бұрын
Hi Rose you'd mentioned there was a Fintech company that you were going to list but I don't see it above? Can you drop it here please?
@jamesvanderbilt201 10 ай бұрын
does all of this require you to be in mexico in person, or can some of these steps or all be done over the phone?
Rose Han
Рет қаралды 102 М.