Retire in Mexico: Buying Real Estate Tips in Puerto Vallarta and other coastal Mexican Cities

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Modern Aging - Holistic Health & Wellness After 50

Modern Aging - Holistic Health & Wellness After 50

4 жыл бұрын

UPDATE in 2022: If you are serious about your retirement to Mexico, check out our comprehensive and exclusive program - DREAM RETIREMENT IN MEXICO.
www.DreamRetirementInMexico.com
Pre-recorded videos with experts in real estate (from different areas in Mexico), law, accounting, banking, mortgage lending, healthcare, veterinary care, dentistry, and more! Interviews and condo tours with expats who have made the move.
Have you dreamed about moving abroad and starting a new life? Overcome your fears and retire in Mexico! Our guest is real estate agent Taniel Chemsian (often appears on HGTV’s House Hunters International). Taniel will share tips on how to buy a house in Mexico - things you need to be aware of when purchasing real estate. Whether you buy a house in Puerto Vallarta or some other Mexican city, there are some steps you should know about the home purchasing process. It can be exciting and potentially lucrative if you do it correctly. Hopefully after this episode, you will go and buy a plane ticket and visit Mexico to check out some homes!
Hosted by Risa Morimoto
Check out some of our other videos on Moving to Mexico
Best Places to Retire: Reasons You Will Want To Move To Puerto Vallarta Mexico
• Best Places to Retire:...
Live Your Dream to Move Abroad and Retire
• Live Your Dream to Mov...
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www.thisismodernaging.com
If you are interested in moving to Puerto Vallarta, Mexico, Taniel can help you find your home. Check out his website
www.tanielchemsian.com

Пікірлер: 313
@ModernAging
@ModernAging 3 жыл бұрын
UPDATE - FEB 2021: We are launching a Dream Retirement in Mexico Program this spring!! Stay tuned. Go to thisismodernaging.com and sign up for our email list to get updates.
@emmaamundsen8951
@emmaamundsen8951 3 жыл бұрын
I’m a Mexican born, but lived in the US for many many years, and thinking of moving back to retire in Puerto Vallarta! Your information it’s very helpful! Thank you
@chriswalker143
@chriswalker143 2 жыл бұрын
I’m a Mexican citizen through my mother I was wondering since we have dual citizenship is there better options where we could put a down payment on a house and pay Mortgage like back here in Canada/USA since we are Mexicans
@nelusasu979
@nelusasu979 2 жыл бұрын
J
@bycracky22
@bycracky22 2 жыл бұрын
Emma take me with you
@dinawhite5175
@dinawhite5175 2 жыл бұрын
It sure seems many Americans are moving to Mexico it looks beautiful and looks a lot safer then the USA and not a total rip off on property taxes
@lidiagutierrez7983
@lidiagutierrez7983 Жыл бұрын
In you are Mexican and wish to retire in Mexico, I have a question for you, in what way have you contributed to the Mexican economy to deserve to take advantage of cheap prices? If you grew up and lived in the States through your whole life then you are not Mexican, don't come to Mexico just because is cheaper.
@562marcos
@562marcos 2 жыл бұрын
im moving to mexico next to vallarta in about 2 years or less ! im 26 right now and im from Long beach ca born and raised . going to start building my house this year ! thanks for making this video ! appreciate it !!
@michaeljimenez9203
@michaeljimenez9203 Жыл бұрын
im thinking of living their an build a house, what would your budget be? for a 1300 sqft house?
@maryknea5366
@maryknea5366 3 жыл бұрын
Thanks for taking the time to make this interview. Taniel is always pleasant to watch and today the detailed information was valuable. Hoping to make the move to Mazatlan in the next year or so.
@Majikmind72
@Majikmind72 2 жыл бұрын
You and Taniel have amazing energy! Ty for sharing and making my dream of moving to Puerto Vallarta more of a reality!💯❤️🌹🌞
@CabanCondosMexico
@CabanCondosMexico 4 жыл бұрын
greetings from Merida - Mexico's awarded best area for overall quality of life
@TanielChemsian
@TanielChemsian 4 жыл бұрын
It's on my list of places to visit.
@grabrielgrena9466
@grabrielgrena9466 3 жыл бұрын
kzfaq.info/get/bejne/bNKJdJqUlrbSpaM.html
@Kitiwake
@Kitiwake 3 жыл бұрын
How is the crime?
@tn18977
@tn18977 3 жыл бұрын
I read that it is unbearably hot there all year round
@quikxfl
@quikxfl 3 жыл бұрын
@@tn18977 you don't move to Mexico because it's cool weather.
@naielah93
@naielah93 2 жыл бұрын
Thank you for this very informative and sincere video. I learned a lot.
@mikeparsons3921
@mikeparsons3921 2 жыл бұрын
Great video. We are going down to Puerto Vallarta in the fall. WE both love the city and the people.Thank you! Mike
@lizajane1878
@lizajane1878 3 жыл бұрын
Great video. Taniel is very knowledgeable ❤️
@jxo1
@jxo1 2 жыл бұрын
best video I’ve seen on purchasing property in P.V. thank you so much
@tom080955
@tom080955 3 жыл бұрын
I highly recommend MexLaw to assist Canadians getting through this. We just closed on our stunning condo in ElCielo , stunning...playa del carmen is great and the locals just awesome.
@DNATravel13
@DNATravel13 2 жыл бұрын
Did you finance or all cash?
@Rachelleluluful
@Rachelleluluful 2 жыл бұрын
This is so super helpful! Great video! Thank you so much! 🙏😊
@kaistudio4916
@kaistudio4916 3 жыл бұрын
Great Video.... very informative! Thank you so much
@genoots
@genoots 3 жыл бұрын
Thanks! This is a great video on buying in Mexico! Keep up the great vids!
@jjburns8762
@jjburns8762 3 жыл бұрын
Wow very informative video, great job Risa. Taniel appears to be a real solid real estate agent. Thanks for sharing.😃
@ModernAging
@ModernAging 3 жыл бұрын
Yeah Taniel has been in real estate for 15 years in Puerto Vallarta so knows his stuff and really passionate about making sure his clients get the info they need.
@shireeshsharma9972
@shireeshsharma9972 3 жыл бұрын
Excellent video. I just returned from my first visit to PVR. Enjoyed watching it. Very succinct, targeted, and relaxed with useful information. Thanks. I am checking your website now. Best,
@ModernAging
@ModernAging 4 жыл бұрын
If you have any questions for Taniel, please write them below! We would love to hear from you and your interest in buying a property in Mexico!
@eliuloarte993
@eliuloarte993 3 жыл бұрын
Yo any opportunity for the reference to this company for employment
@michelleridenour2575
@michelleridenour2575 2 жыл бұрын
when we go to buy, I will be getting a hold of Taniel, you seems very trust worthy and knowledgable
@ModernAging
@ModernAging 2 жыл бұрын
Taniel's the best! :) And all his clients say the same thing...you'll be in great hands.
@blacksglguystravelingabroad
@blacksglguystravelingabroad 2 жыл бұрын
Video is sooo informative. Thanks
@danhumphries9016
@danhumphries9016 Жыл бұрын
What a nice lady and gentleman- very good vibe and conversation as well as useful hints and knowledge
@thewing331
@thewing331 2 жыл бұрын
Great video and he's such an eloquent man with an amazing personality. Thank you.
@michaelmagdaleno6604
@michaelmagdaleno6604 3 жыл бұрын
Very helpful, thank you.
@christiansaengdara6281
@christiansaengdara6281 Жыл бұрын
Thank you so much, it's informative.
@mrclean0824
@mrclean0824 2 жыл бұрын
best video when buying real estate in Mexico. the best
@alejandraadamita5898
@alejandraadamita5898 4 жыл бұрын
Very helpful information! Thank you
@ModernAging
@ModernAging 4 жыл бұрын
glad to hear it was helpful. thanks so much for watching.
@TanielChemsian
@TanielChemsian 4 жыл бұрын
Thank you, Alejandra.
@vernlb1759
@vernlb1759 2 жыл бұрын
Just came across this and this was a great interview, lots of good information. Would be great to do an update as this was 2 years ago if there are any new changes. Thank-you very much, dispels some of the beliefs I had about buy a Mexican property.
@loopspadilla7032
@loopspadilla7032 3 жыл бұрын
Very informative video. Thank you for sharing. Loved the chihuahua too!
@chanelsmith1985
@chanelsmith1985 2 жыл бұрын
Thanks so much for this info. My husband & I have been looking into moving to Puerto Vallarta within the next 3 years & this information was beyond helpful. I'll be emailing Tim for his guide :)
@michaelmolina9667
@michaelmolina9667 2 жыл бұрын
Be very careful it's very dangerous down there I seen decapitated bodies I lost my money I was putting in to my house
@chanelsmith1985
@chanelsmith1985 2 жыл бұрын
@@michaelmolina9667 When was this? And how did you lose your money for your house?
@tomortale2333
@tomortale2333 Жыл бұрын
go to Canada....duumy
@bellanegrin3915
@bellanegrin3915 3 жыл бұрын
Very nicely done. Thank you.
@haroldamruthkumar7761
@haroldamruthkumar7761 3 жыл бұрын
Great video & A lot of very good information 👍🏽👍🏽
@abnpadilla
@abnpadilla Жыл бұрын
so helpful, thankyou very much!!!
@sblivinintxs6297
@sblivinintxs6297 3 жыл бұрын
Very helpful information. Thank you
@NN-yq3yl
@NN-yq3yl 3 жыл бұрын
many thanks to take precious time , to share knowledge. Only generous individual, have altruism that tendancy. many thanks again, all the best.
@christinelugo343
@christinelugo343 3 жыл бұрын
Loved the video thank you
@ADAMREES-GRITGYM
@ADAMREES-GRITGYM 2 жыл бұрын
This was very helpful. Thank you!
@doralynbelmar3121
@doralynbelmar3121 2 жыл бұрын
Thank you for the information very informative.
@katherinemurphy5212
@katherinemurphy5212 2 жыл бұрын
Great video, very informative, thank-you!
@ModernAging
@ModernAging 2 жыл бұрын
glad you got some good helpful information from it!
@profitspecialists
@profitspecialists 3 жыл бұрын
You asked great questions. I run a group called tijuana insider on Facebook and will share this video with them. Very Informative
@ModernAging
@ModernAging 3 жыл бұрын
sounds great! will have to check out the facebook group! thank you.
@harrymadray3682
@harrymadray3682 3 жыл бұрын
That you Madame for this interesting video. Mr. Taniel Chemsian impresses me as a man of Integrity and decency. God willing, I hope one day to contact him and hopefully do some Real Estate business with him and his Company. Your videos are truly an eye- opener as well as an education for all of us who love Mexico and the Mexican people!
@ModernAging
@ModernAging 3 жыл бұрын
thank you so much! We are in the middle of developing a program that will do a deeper dive into moving/retiring in mexico. Stay tuned for all the details!
@luismedina8086
@luismedina8086 3 жыл бұрын
If you guys actually loves this place and his ppl, you should be aware of how your condos are turning an actual paradise into a shitty place. So sad be witness of how this place is losing his magic.
@jasonperalta9552
@jasonperalta9552 3 жыл бұрын
MEXICO IS SO BEAUTIFUL COUNTRY..
@jbum555
@jbum555 3 жыл бұрын
I found this extremely helpful, I will certainly be contacting the Timothy Real Estate Group when I'm to purchase in Puerto Vallarta.
@dennymcwayne
@dennymcwayne 3 жыл бұрын
Thank you. That was great.
@elizabethlaborde8509
@elizabethlaborde8509 2 жыл бұрын
Very helpful video. We have been thinking about retiring to Mexico.
@dreamretirementinmexico
@dreamretirementinmexico 2 жыл бұрын
i'm happy that you found it helpful! we are having a free live webinar may 15, 18, and 19 - how to buy property in mexico and healthcare options for expats - if you are interested you can sign up at www.dreamretirementinmexico.com/webinar
@joann7749
@joann7749 3 жыл бұрын
What a great n informative video. Lots of wonderful ideas. I'm planning to retire to Mexico shortly. Though not sure about buying land or home (condo). Will need to research more on the areas in Mexico.
@oceanocean4517
@oceanocean4517 2 жыл бұрын
Very helpful tips 🏠 ! I Love the Beautiful Riviera Maya ! Hoping to buy a property there 🏠! Thank s for all the information!
@mibluejay616
@mibluejay616 3 жыл бұрын
Great information ❤️
@joresbaghoomian3136
@joresbaghoomian3136 2 жыл бұрын
Great interview, with a friendly professional real state person.
@ModernAging
@ModernAging 2 жыл бұрын
Taniel is the best! He's been in the business for years and really understands the market and wants to make sure his clients are happy.
@javayna2353
@javayna2353 Жыл бұрын
Wow! All the Mexicans coming here and Americans moving to Mexico. The grass is always greener.
@kaiballington55
@kaiballington55 3 жыл бұрын
Great conversation.
@ppod5204
@ppod5204 4 жыл бұрын
I like that Taniel said work with someone who is an AMPI-registered agent. I also like that he has a buyer's guide. He explained everything very clearly, but it is a lot to digest. Sounds to me like definitely go with somebody who knows the ropes. I would love to see some of Taniel's properties to get a visual idea of what you would get for the money, with a breakdown on annual carrying charges. The taxes, water, gas, elec, Taniel went over in this video, but I'd love to see the maint charges for specific properties, as well as, do you need insurance for the property, and how much would that cost? If you're not a citizen of Mexico, do you have to leave the country every six months, and reapply for a visa every time? How long would it take to get dual citizenship, and would you have to pay double income tax/tax to both countries?
@ModernAging
@ModernAging 4 жыл бұрын
all great questions and something we will address in a future video - thanks!!
@nicholasbroussard2892
@nicholasbroussard2892 2 жыл бұрын
You
@germanramos2068
@germanramos2068 3 жыл бұрын
Very helpful thanks
@HawkTron
@HawkTron 3 жыл бұрын
Awesome questions and answers. I would definitely hire Taniel Chemsian to get my Vallarta dream home.
@manubertex
@manubertex 3 жыл бұрын
I love empanadas to, hahaha specially from Salta (Argentina) 👌
@DMills-un1tl
@DMills-un1tl 3 жыл бұрын
Really great information! I’m looking for vacant land near a small town where I can do permaculture. Sadly, not many videos cover such things, always the more expensive properties up to a half million. A lot of us just don’t have that kind of nest egg or want that kind of life.
@lidiagutierrez7983
@lidiagutierrez7983 Жыл бұрын
Or stay in the US, you all already have robed half of Mexico's territory. Mexico is not for sale 🤷‍♀️
@tomortale2333
@tomortale2333 Жыл бұрын
ABOVE whooo in ther right mind would invest 1/2 million there??? are u just crazy or very stupid...
@mariviento
@mariviento 3 жыл бұрын
Thank you!
@Levi-cx2to
@Levi-cx2to 3 жыл бұрын
Very informative video and fantastic interview. I saved this Real estate group in my rolodex and will be contacting them the day I make it down there if it is meant to be. 🙏
@risam
@risam 3 жыл бұрын
that's great! well feel free to join our free upcoming webinar in June (8, 9, 13 or 16) - Dream Retirement in Mexico. You can sign up and get more info at DreamRetirementInMexico.com... that'll just be some more info for you -- we will talk about some of the different cities as well as real estate and healthcare. :)
@Levi-cx2to
@Levi-cx2to 3 жыл бұрын
@@risam Thanks for the link. I appreciate it. I signed up for one of the webinars. 😊🙏
@headlessprofessor
@headlessprofessor 3 жыл бұрын
I own four homes in Mexico. For most U.S. retirees, I would not recommend it. Unless you have the extra $$$ and have made a major commitment to remaining in Mexico, you are better off renting short term. '
@grabrielgrena9466
@grabrielgrena9466 3 жыл бұрын
kzfaq.info/get/bejne/bNKJdJqUlrbSpaM.html
@Deltron6060
@Deltron6060 3 жыл бұрын
How are you ever better off renting??
@headlessprofessor
@headlessprofessor 3 жыл бұрын
@@Deltron6060 It is all a matter of numbers and risk. Suppose you can purchase a house, cash, for $100k. You now have zero mortgage payments, but are you going to see that $100k again? Not if some branch of the government (perhaps an ejido) challenges your ownership, or some squatter or cartel takes it over. Suppose there is a toxic chemical spill or a new local arbovirus? Suppose rent is $500 a month. That could go up with inflation, but how much are you risking in each of the above scenarios?
@paratroopergirl4064
@paratroopergirl4064 2 жыл бұрын
@@headlessprofessor --- Has this happened to any of your 4 properties in Mexico?
@petewick8627
@petewick8627 2 жыл бұрын
@@headlessprofessor so 1.5 million expats made a mistake
@donwilson1625
@donwilson1625 2 жыл бұрын
Excellent!
@HamiltonRb
@HamiltonRb 4 жыл бұрын
In a future video, could you discuss the process and any costs associated with renting in PV?
@ModernAging
@ModernAging 4 жыл бұрын
absolutely!! happy to do that in an upcoming video!
@HamiltonRb
@HamiltonRb 4 жыл бұрын
@@ModernAging Thank you Not only snowbirds looking to spend the winter in PV, but expats looking to live there, and maybe either don't want to buy yet or prefer to rent, would get a lot out of how to rent, where to find rents, what utilities do you pay and what legal protection do you have after signing a lease. Your interviews are very good so I'm sure you have plenty of questions to add.
@ModernAging
@ModernAging 4 жыл бұрын
@@HamiltonRb absolutely...one question leads to the next right? will look to address these questions in a future video! thanks so much!!
@TanielChemsian
@TanielChemsian 4 жыл бұрын
Hi HamiltonRB - Feel free to email me at taniel@timothyrealestategroup.com so that I can get you in contact with rental agents in town to help answer your questions.
Жыл бұрын
Greetings from your colleagues from San Quintin, Baja California 🫶
@bryansandiego
@bryansandiego 3 жыл бұрын
Good job!!!
@raineynight
@raineynight 3 жыл бұрын
Great info, but lots to think about.
@cristhianagui
@cristhianagui 4 жыл бұрын
How is the money usually transfer? wire transfer from bank to escrow? do you pay taxes in US or Mexico for that?
@soissympa8573
@soissympa8573 3 жыл бұрын
It's an annual tax for owing property in the restricted zone. It is the equivalent of paying the Franchise Tax Board $800 to file a business return.
@coloradozmom
@coloradozmom 3 жыл бұрын
This was WONDERFUL Thank you! I am looking at Mazatlan, but this was so helpful. To your health in Jesus name!
@kurtschlick3891
@kurtschlick3891 3 жыл бұрын
I wish you would have touched on buying land and building a home your self.
@adrianlopez364
@adrianlopez364 4 жыл бұрын
How I can do the process to buy the property without be in person ? What special process I have to do?
@Shipwreck8l8
@Shipwreck8l8 3 жыл бұрын
I'm moving to Mexico when i retire!
@richardleetbluesharmonicac7192
@richardleetbluesharmonicac7192 3 жыл бұрын
I do not recommend that. You’ll be back. Don’t sell anything.
@grabrielgrena9466
@grabrielgrena9466 3 жыл бұрын
Smart man, at least come down here the winters even Ted Cruz is doing it
@stunnak1006
@stunnak1006 3 жыл бұрын
@@grabrielgrena9466 can you tell us about Mexico? All we hear is the bad stuff the media talks about
@grabrielgrena9466
@grabrielgrena9466 3 жыл бұрын
@@stunnak1006 In Mexico you'd only get in trouble if you put yourself in a bad situation such making deals with cartel people, or if it's obvious that you have money (big ass truck, your loud, showing off, etc), or if you explore remote areas. People that keep a low profile, stay in "nice" areas, or know how to blend in almost any area, are NOT in danger, there is way more freedom here than in the US, here basically they'll kill you if you own someone something or piss some one off big time unlike the US that you just might get shot for no reason. Poor areas are noisy AF, mexicans drink religiously on the weekends and are loud AF, but if there are enough quiet serious people on the hood talking to the noisy people it can be stopped by the quiet neighbors, there are a lot of beggars in most main roads, just tell then No politely like:"maybe the next time", if they are your neighbors is ok every once in a while give them small jobs like sweeping infront of your house for a couple of bucks. On the other hand"nice" private areas(middle class) are usually quiet and crime is low. Weather is nice(california like weather) all year round in most of the country, if you can afford AC youd could live anywhere in the country(some places are hot and humid). Food is of the best the world have to offer. People is friendly in general. There a reason why the best beaches of Mexico are full of foreigners year round. Fly as much as possible for long distances. And dont take my word for it, try it yourself and let's us know.
@Mmmmkaaay
@Mmmmkaaay 2 жыл бұрын
@@grabrielgrena9466 You're so right. In America you really can get shot anywhere nowadays. It's sad. I would definately feel safer in Mexico.
@willie9smith875
@willie9smith875 3 жыл бұрын
Way Cool... Thanks
@ModernAging
@ModernAging 3 жыл бұрын
sure absolutely! we are launching a program that does a deep dive into purchasing real estate in mexico. stay tuned!
@fernandos.8158
@fernandos.8158 3 жыл бұрын
BTW love the sound of the rain in the background. at least it sounds like rain from my end.
@marilynnarnold811
@marilynnarnold811 4 жыл бұрын
A native Mexican Real Estate Agent/Attorney in another video said that closing costs should only be like $2500. (not including real estate commission and notary fees). He indicated that if it's like $10k or more your Real Estate agent is scamming you. He also said AMPI may have ethics, rules and training, but since no real estate agents are licensed...they too, can do whatever they want and be dishonest if they want. He also said there is no such thing as an escrow account in Mexico. So don't send money anywhere to the real estate agent or to an account in America. He said you get an attorney who is legally a notary appointed by Government of Mexico. There are a limited amount of attorney/notaries.
@TanielChemsian
@TanielChemsian 4 жыл бұрын
Hi Marilynn - Good afternoon. Thank you for taking the time to post your comment. I don't know who this "native Mexican real estate agent/attorney" is, but I will be happy to speak with him/her and provide him/her with current information regarding our market in Banderas Bay/Puerto Vallarta and the ownership process. There are a number of escrow companies that provide services in our region, including but not limited to TLC, Secure Escrow and Armour Secure to name a few. There are others, but we've typically seen these three more often than not. Since selling real estate in Vallarta since 2006, I have not seen a buyer closing cost at around $2,500 USD. There are a number of itemized expenses that makes up the buyer closing costs, the largest being the Patrimony Tax/Transfer Tax and the Notary's legal fees for their services. Please keep in mind, when a foreigner acquires a property in the Restricted Zone, which is 50 km from the coastline and 100 km from the USA an Central American border, they need to have a real estate trust with a Mexican bank. The one-time cost to set up the trust, and the first year annual trust feel can be around $22,000-$27,00 pesos (as of today, June 10, 2020). As with hiring any service provider, wether it is a plumber, accountant, attorney, real estate agent, painter, dentist, to name a few, it might be best to interview a few candidates and ask for referrals/references, and do your due diligence before making a decision. As with any profession in any part of the world, there are honest hard working individuals/companies with a great track record, and those that aren't as ethical or honest. I will be happy to discuss further with you if you'd like. I can be reached at info@tanielchemsian.com. Wishing you a great evening.
@VallartaRob
@VallartaRob 4 жыл бұрын
OK, I bought a two-bedroom condo inside the Marina (Marina Vallarta, where the fishing boats are) back in 2016. The price was $140,000 sold "as is." I intended to completely remodel it, so took advantage of a good price, given that I was going to tear everything out after closing. Looking at my closing statement, the largest expense next to the apartment itself were the Notary's fees. He's a public attorney who closes and records all real estate sales. His fees for title work, an appraisal, various taxes and fees, came to $10,290. I also paid a 2.5% transfer tax, which all buyers must pay. In my case it was $3,552. If you add those fees together, my closing costs were a little less than ten percent of the price of the house. Good luck, whatever you do.
@happyinparadise7812
@happyinparadise7812 2 жыл бұрын
There are many notaries in Merida.
@anitavirginillo
@anitavirginillo 3 жыл бұрын
I think I found my realtor!
@audibledarkness
@audibledarkness 2 жыл бұрын
Insightful! What process to buying a home!😅
@ModernAging
@ModernAging 2 жыл бұрын
glad you were able to get some helpful info from it.
@merrymanic
@merrymanic 3 жыл бұрын
Nothing was said about the annual trust fee charged by the banl holding your trust. Our trust fee is $400.00US a year.
@Hummingbirds2023
@Hummingbirds2023 2 жыл бұрын
Extremely informative! I have subscribed! Thank you so much for posting with this gentleman! No accent easy to understand! I’m a senior citizen on fixed income so not sure I can afford to buy, but what about renting? I rent here in California, and it’s much to expensive anymore, what’s Available? Plus I have all furnishings. Thank you !🙏🇺🇸
@germanramos2068
@germanramos2068 3 жыл бұрын
Ill be moving to mexico in a couple of years
@laocaviajera
@laocaviajera 3 жыл бұрын
Finiquito is different, not really how you explained it. It could be that way, but it is not necessary, and it won't be a problem. Mexican here who studied laws.
@Mmmmkaaay
@Mmmmkaaay 2 жыл бұрын
At first I was gung ho about buying real estate in Mexico, but if I can rent something for $300 US a month, I can essentially live for decades in a place that I can fix up the way I want but NOT have the headaches of paying for repairs, etc. My advice is to live there for at least a few years before you choose to buy. For that cheap rent, I can also live all around Mexico instead of being stuck in one city.
@waarce
@waarce 3 жыл бұрын
The chihuahua was the star of the video.
@miminyc8093
@miminyc8093 2 жыл бұрын
So much food information. What’s you opinion on those houses owned by the bank? Is it The same process with the paper work and escrow?
@robertw3299
@robertw3299 4 жыл бұрын
If there is a list of closing Lawyers in the PV area that you would recommend I would appreciate some names to contact for a property purchase. Thanks Robert W
@davisurdaneta1426
@davisurdaneta1426 3 жыл бұрын
Would it be the same rules for a foreigner buying a vacant residential lot? Thank you.
@philrobertson6813
@philrobertson6813 2 жыл бұрын
There are trust fees too that they didn't mention. We owned a property in Cabo area bought through the main realtor in San Jose. The bank (and other aspects) proved to be very third world, really a nightmare to be honest. We live in Canada and their mail to us was constantly mislabeled, wrong address, name misspelled. Despite many attempts to correct the bank information they never got it right. Road washed out and took a very long time to fix. This was land that was 2 hundred yards from the ocean BTW. All in all it was a really big pain
@juanignaciomunoztorres8652
@juanignaciomunoztorres8652 3 жыл бұрын
México is a great place for living peacefull retired people are very happyness
@Kitiwake
@Kitiwake 3 жыл бұрын
What's the price is body armor?
@juanignaciomunoztorres8652
@juanignaciomunoztorres8652 3 жыл бұрын
@@Kitiwake what you mean Buddy no te entiendo en lo absoluto cuidate mucho y te deseo lo mejor
@petewick8627
@petewick8627 2 жыл бұрын
@@Kitiwake a morons comment
@spocksvulcanbrain
@spocksvulcanbrain 4 жыл бұрын
This was very very helpful. Thank you. I just retired and am seriously considering moving to Mexico, PV or Cabo, lake chapala or some place similar. So this is very informative. For a subsequent video, perhaps you could go over finances for expats. What do we do with stocks, investments in the States. How to access them in Mexico. I understand a lot of on line web sites won't work for financial transactions from a foreign country. What about transferring money from USA to Mexico. I hear you take a big conversion hit. Can we use American bank accounts in Mexico? Is it better to use credit cards from states w/o fees? Is it best to open Mexican bank account and transfer $? How with minimal or no fees? What about filing taxes? How does that work for USA citizens? How about mail and bills? How to receive them if in Mexico? So many questions. Thanks in advance. Oh and one more thing. Do we have to leave and go back to USA every so often? If so can you outline? Is that different if apply for Mexican citizenship?
@ModernAging
@ModernAging 4 жыл бұрын
lots of great questions. I will ask Taniel and other colleagues in Mexico and look out for the answers in a future video! thanks so much!!!
@TanielChemsian
@TanielChemsian 4 жыл бұрын
Hi Kirk - Feel free to email at taniel@timothyrealestategroup.com so I can get you in contact with appropriate professionals that can assist you with the above.
@petewick8627
@petewick8627 2 жыл бұрын
An American living in Mexico who goes buy the the name “Qroo Paul” answers most of these questions
@lidiagutierrez7983
@lidiagutierrez7983 Жыл бұрын
Cartels are getting to the Expats in Cuernavaca, they control all of the Mexican territory, you'll never be safe there.
@chantarand8042
@chantarand8042 2 жыл бұрын
Do you have any recommendations for an immigration attorney in the US who can help answer questions and give advice to Americans who want to get permanent residency in Mexico?
@VoodooPriestMan
@VoodooPriestMan 3 жыл бұрын
what about if I have a dual citizenship between the United States and Mexico. , my mother was Mexican so I have dual citizenship now. Does this restricted zone applied to me as well, or just residents or tourists?
@miguelrodriguez1885
@miguelrodriguez1885 3 жыл бұрын
no it doesn’t
@tobsstone
@tobsstone 3 жыл бұрын
I wish you talked more about cost of HOA. Some places where i live, HOA is $1500 per month, which is just a deal breaker really.
@jzuffoletto
@jzuffoletto 3 жыл бұрын
We just concluded an extensive condominium search in PV. HOA fees vary by property, but are generally $200-$600 per month. We saw one unit where the HOA was $1,000 per month, but that was the only one and was clearly an outlier. HOA fees typically include water, and sometimes gas, in addition to the usual common area stuff, building insurance, etc.
@Mmmmkaaay
@Mmmmkaaay 2 жыл бұрын
I would never buy a place with an HOA. I've heard nightmares about these funds being mishandled and then one day the building needs a new roof,they don't have enough money and then they raise the HOAs by hundreds of dollars overnight.
@mikebailey336
@mikebailey336 2 жыл бұрын
when buying in the on the coast is there a protection of title insurance with the trust?
@cherilserran2246
@cherilserran2246 3 жыл бұрын
How did you handle your permanent resident vida process
@donnaallgaier-lamberti3933
@donnaallgaier-lamberti3933 3 жыл бұрын
Several of my girlfriends took trips to a number of countries and looked into moving and retiring in various foreign countries. What they found was that the infrastructure was not what they expected or were used to, nor the hospitals, nor the retirement homes nor the general quality of the life they felt they needed, esp. as they aged. Then the real issue also became living that far away from their children and grandchildren in their aging years. In the end they decided against this option.
@imageadvisorsinternational7935
@imageadvisorsinternational7935 3 жыл бұрын
Good!!! More for the rest of us.
@petewick8627
@petewick8627 2 жыл бұрын
I’ve worked in medicine for nearly thirty years and Mexican hospitals and doctors are every bit as good as in Canada
@davelance8692
@davelance8692 3 жыл бұрын
If you are considered a resident of Mexico, then you are going to be taxed on your worldwide income, ranging progressively from 1.92% - 35% depending on income level, regardless of your nationality or where the income was earned. On top of your obligation to file and pay US taxes, Mexico has income taxes of its own. For 2020, the national income rates for resident expats are as follows: Earnings in Pesos Rate Applicable to Income Level (%) 0 - 125,900: Exempt 125,900 - 1,000,000: 15% 1,000,000 and above: 30% Expatriates also pay local taxes to their state in Mexico. These rates are different in each state and generally range from 1% to 3%. Capital Gains Tax in Mexico If you are a resident, capital gains apply to worldwide income. Currently, the rate is 25% on the gross amount of the transaction or 30% of the total capital gain. For expatriates, the capital gains tax will depend on the tax cost basis, the type of asset to be liquidated and the sale price.
@fernandos.8158
@fernandos.8158 3 жыл бұрын
What is the difference for purchasing in Mexico if for example I was born in the USA but my parents were both born in MX and they are both now USA citizens. I heard that it is an easier process to get MX residency and/or temporary residency to be able to open a bank account and purchase property out there.
@angelysin9266
@angelysin9266 3 жыл бұрын
Ve a la embajada mexicana más cercana donde tu vivas y allí puedes obtener la ciudadanía mexicana y porque eres hijo de mexicanos, México acepta la doble ciudadanía también alli te Informan como puedes comprar propiedades desde Usa.
@pameladawn9164
@pameladawn9164 3 жыл бұрын
I know this video is older, but I just found out while researching. Has anyone successfully bought a property in Mexico that is a foreclosure?
@universezero2590
@universezero2590 3 жыл бұрын
What about partial ownership of an inherited property
@jaybirdspirit2468
@jaybirdspirit2468 2 жыл бұрын
oh my goodness -- based on property tax alone!
@toddhupp
@toddhupp 3 жыл бұрын
are there regular trust fees on the trust. how much/ how often
@petewick8627
@petewick8627 2 жыл бұрын
I believe there is a yearly fee.
@toddhupp
@toddhupp 2 жыл бұрын
@@petewick8627 ok Thanks.
@DillonThomasDigital
@DillonThomasDigital 3 жыл бұрын
Did I detect chemistry between the interviewer and ee? That moment at 5:25. Mmm :)
@calgal7828
@calgal7828 3 жыл бұрын
Definitely
@travisfamilytravels7504
@travisfamilytravels7504 4 жыл бұрын
Just subscribed to your Channel we can agree to disagree , Agua Prieta is on the US border and has great healthcare! . And lets not let Hawaii (big Island ) get away! . Small home 150k with good medical and if anything Medicare pays the 20 minute flight to Honolulu and back ! for the big stuff. Aloha, check us out!
@ModernAging
@ModernAging 4 жыл бұрын
thanks for your insight! Mexico is just one of many places to retire that has many of the elements people are looking for. I personally LOVE the Big Island! All depends on what people's priorities are.
@travisfamilytravels7504
@travisfamilytravels7504 4 жыл бұрын
@@ModernAging A lot of the doctors in Mexico go to school in the US, then open their practice in Mexico to help the economy and it is more affordable. They certainly have better health care than Florida. I recently watched my mother suffer through inadequate health care in Florida. Arizona is also a nice place for retirement. Not too high of cost of living and good health care. We're off to Puerto Rico this week and will be checking out your tips for retiring there. Thank you.
@ModernAging
@ModernAging 4 жыл бұрын
@@travisfamilytravels7504 nice!! I was in Puerto Rico last month...for Americans, it is an easy transition. Will definitely be uploading videos for more retirement spots around the world! Thanks for sharing your tips!
@TanielChemsian
@TanielChemsian 4 жыл бұрын
Thank you for sharing, Travis Family Travels.
@russlogan181
@russlogan181 4 жыл бұрын
Small home in Hawaii for 150? Any idea where I can find links to that area ? Thnx
@charliemfitness-certifiedp7167
@charliemfitness-certifiedp7167 2 жыл бұрын
Is it possible for Canadians to live there full time? Without having to return for part of the year?
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