This past Saturday Thomas Lloyd headed to the Big Apple to host two “Learn How to Buy Real Estate in Mexico” Seminars. It was a huge success. Attendees gathered extensive real estate knowledge from the area’s leading experts and were able to ask as many question as they liked to any of the expert panelists. Thomas … [Read more...] about Mexico Real Estate Seminar Held in New York Was a Huge Success
Mexico Fideicomiso / Bank Trusts
There was once a time when Canadians and Americans were not allowed to buy property in Mexico that was 50 km from any coastline or 100 km of a neighboring country. This zone meant that nobody other than Mexican nationals were allowed to invest in lands located within these areas. However times have changed and the … [Read more...] about Mexican Corporation vs. Bank Trust
Here in Top Mexico Real Estate, we deal with international customers on a daily basis; and often we find there is a lot of questions regarding the Fideicomiso. For that reason we compiled this list of frequently asked questions about the Fideicomiso and its functions, hoping our customers find it useful. What is a … [Read more...] about FIDEICOMISO: FAQ’s
After last year’s seemingly promising announcement of the law amendment regarding the fideicomiso (Mexican Bank Trust), some Americans and other foreign buyers remained in wait and see mode before commiting to purchasing real estate in Mexico, hoping that the expected law change would come soon enough. While we … [Read more...] about Amendment to Mexican Bank Trust Law Rejected on a Technicality
Having information on what to do with your U.S. taxes when you own a property in Mexico is always helpful. Recently, the IRS has announced that Mexico's Bank Trusts (“fideicomisos”) are not “trusts” in the proper sense of the word for U.S. taxes. It seems that this is good news, making for less paper work, at … [Read more...] about Mexico Real Estate and U.S. Taxes: Land Trust not a “Trust”
So, every one, from large international news sources like Washington Post to small-scale investors in Mexico real estate, is talking about the newly proposed law that would modify the country's Constitution to allow direct ownership of coastal and border lands by non-Mexicans. But now we all have to wonder - how … [Read more...] about New Bank Trust Law – How Long Will it Take? How Promising?Optimismo frente a la reforma al artículo 27.
On Tuesday afternoon, we shared the exciting news that Mexico's Chamber of Deputies (equivalent to House of Representatives) passed a bill to allow for direct ownership of Mexico real estate by non-Mexicans, eliminating the need for ownership by means of a bank trust. Yesterday, I did some research on the remaining … [Read more...] about Bill To Eliminate Bank Trust – What’s the Next Step?Reforma al artículo 27, ¿qué sigue?.
We've received some very exciting and important news: It looks very likely that Americans, Canadians and other non-Mexicans will no longer be required to own property in Mexico by means of a Bank Trust! The Bill Passes the Chamber of Deputies This afternoon, Mexico's lower legislative house ("Chamber of … [Read more...] about BREAKING NEWS – Bill to Eliminate Mexico’s Bank Trust Passes First Step!Reforma a la ley permitirá que extranjeros puedan comprar propiedades en la playa.