There is a lot of misinformation on this subject, such as: "If you become a Mexican citizen you have no tax to pay when you sell real estate"...... or "With a FM-3 and some receipts, you will be exempt from paying capital gains on the sale of your vacation house in Mexico" Neither scenario is completely … [Read more...] about The Tax on Profits from a Mexico Real Estate Sale
How to Buy Real Estate in Mexico
What to Do If You Lose or Never Receive Your Mexico Tourist Card!
I am sure you have all wondered when vacationing down in Mexico, "what happens to me if I lose mytourist card , also known as a FMT ( Forma Migratoria Turista)" . The tourist visa is the document that you get on the plane or as you drive across, fill out, and then hand to the customs/immigration officer He then stamps … [Read more...] about What to Do If You Lose or Never Receive Your Mexico Tourist Card!
AMPI Mexico Real Estate Professional License and Degree
The Mexico Real Estate market is going through an exciting transition to improve the processes of buying properties here in this country The national realtor association called AMPI, sister association with the NAR association of the United States, has been working for various years on a project to regulate or to … [Read more...] about AMPI Mexico Real Estate Professional License and Degree
Calculating NOI (Net Operating Income) on Mexico Real Estate Investments
Calculating your Net Operating Income (NOI) on Mexico Properties Buying a rental property in Mexico can be very exciting but it can also be overwhelming when we do not know what to expect from our investments. Now that you ve made the decision to purchase a home or condo for rental purposes in Mexico, or you ve … [Read more...] about Calculating NOI (Net Operating Income) on Mexico Real Estate Investments
When To Pay Your Mexico Real Estate Bank Trust Maintenance Fees
I recently had the question from a client "When do I need to pay the annual maintenance of my Mexico bank trust of my Mexico property" Yes, it s that time of year again and property taxes and Bank Trust maintenance fees are becoming due Some of you may not be property investors yet but are seriously studying over the … [Read more...] about When To Pay Your Mexico Real Estate Bank Trust Maintenance Fees
Outlining Your Goals for Your Mexico Rental Property
As with any investment, there are risks to consider but the desired result is to capitalize on many of the great benefits. When buying a Mexico rental property, we must do our due diligence in determining costs, potential income, and how we want the Mexico rental property to work for us. … [Read more...] about Outlining Your Goals for Your Mexico Rental Property
Quintana Roo Secretary of Tourism Visits AMPI National Congress Part II
Playa del Carmen - A few days ago the Secretary of Tourism had come to Playa del Carmen and given a very interesting talk to the AMPI organization regarding the Real Estate industry Below is the continuation of this talk and by clicking here you can read his first half of the speech SECRETARY OF TOURISM VISITS PLAYA … [Read more...] about Quintana Roo Secretary of Tourism Visits AMPI National Congress Part II
Quintana Roo Secretary of Tourism Visits AMPI National Congress PART I
-Playa del Carmen Caros M. Joaquin Gonzalez, the director of the Quintana Roo state offices of Tourism spoke at the 36th annual national AMPI congress last Saturday afternoon. He shared words with the audience stating, "I wish to thank the organizers of this congress for choosing the Riviera Maya for this year`s … [Read more...] about Quintana Roo Secretary of Tourism Visits AMPI National Congress PART I