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what are these new immigration rules they speak of? my gf is mexican, her father is a citizen, i think she may try to get citizenship next time her father goes down there. if she gets citizenship i suppose i could marry her and get citizenship myself?
Getting married so you can make a very questionable investment in Mexico sounds like you'd better rethink the whole thing. Come down for a 6 month vacation and take a close look at what you are dealing with
Be very careful buying in Mexico. I bought a condo through Investment Properties Mexico in Playa del Carmen and realized 4 months into the project (that they built by the way) that the condo leaked like crazy and there was no agency to help me resolve my issue. I was furious, no agency for companies knowingly selling shoddy merchandise... No more for this Gringo and do your self a favor run from Investment Properties Mexico in Puerto Aventuras.
Be very careful buying in Mexico. I bought a condo through Investment Properties Mexico in Playa del Carmen and realized 4 months into the project (that they built by the way) that the condo leaked like crazy and there was no agency to help me resolve my issue. I was furious, no agency for companies knowingly selling shoddy merchandise... No more for this Gringo and do your self a favor run from Investment Properties Mexico in Puerto Aventuras.
Too many people come down here thinking Mexico is the 51st state and it has the same consumer protection laws. Sellers are under no obligation to tell a buyer about any defects. If you get taken advantage of, you can sue but that can take years and cost a small fortune. If you win, how do you get paid?
There are many happy foreign homeowners here, but buyers should be careful.
I don't understand owning either. 2 miles from the beach I have a friend renting a studio apartment in Cabo (admittedly, modest by all guidelines) that is the equivalent to $106 USD per month. The gringo cost for small apartments and casitas all over latin america are anywhere under $500/mo inclusive of utilities and depending on the location, that might get you a very nice place. Most importantly, there's a real value in having the ability to move elsewhere. Why stop in Mexico? How about a year in Antigua or a year in Montevideo? Learn the language and be able to rent modest places anywhere you want.
This type of thinking is why I'll be moving out of the U.S. because I'm just over the "ownership" model where people want to put their name on something. This is mine. That's mine. Even if it's not the smart decision, they want to say something is theirs.
One of the problems with construction is the overall use of CONCRETE and the inevitable shrinkage to dwell with.....as I have found in my home even tho I observed the entire construction firsthand.
Having a degree in Architecture in the US is no guarantee the methods are used here in Mexico.....different ball game.
As many know that mixing cement follows a ratio of sand, gravel and cement mixture. Mixing in a wheel barrel or on the ground for a large section will leave you with a inconsistent result.....my garage floor shows that.
Not complaining here but just a small insight in REALITY in what may be in store for a future buyer.....as above results showed.
BTW I was a Landlord for almost 30 years.. IMHO never be an absentee landlord and be very cautious being a landlord in a foreign country and even more so in a foreign country where you do not reside.. You might well be able to by a income producing property in Chicago with just $100K down but in Mexico its Cash For Gringos ... Mortgages In Mexico are Far and few between for Foreigners and more so for none resident foreigners. $100K is not going to buy you much on the East Coast in a area a tourist would want to rent in and you really don't want to rent your investment to Nationals.. I Have SEEN that turn out badly too often..
Quote:
Originally Posted by Willy702
Landlording can be rather difficult in Mexico. Rule of law can get very messy, although renting out a part of a house might be less risky. Countless times I have heard of a tenant basically refusing to pay rent and at times claiming ownership of property. The legal process takes years to play out and often requires bribes at that. If they know the landlord is a foreigner probably even more enticement to take a shot
Again I have SEEN that very scenario go very bad for the Gringo Sorry its just true..
Quote:
Originally Posted by sparksmex
Getting married so you can make a very questionable investment in Mexico sounds like you'd better rethink the whole thing. Come down for a 6 month vacation and take a close look at what you are dealing with
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Lot for Sale in Rincon de Guayabitos, Mexico
BTW I was a Landlord for almost 30 years.. IMHO never be an absentee landlord and be very cautious being a landlord in a foreign country and even more so in a foreign country where you do not reside.. You might well be able to by a income producing property in Chicago with just $100K down but in Mexico its Cash For Gringos ... Mortgages In Mexico are Far and few between for Foreigners and more so for none resident foreigners. $100K is not going to buy you much on the East Coast in a area a tourist would want to rent in and you really don't want to rent your investment to Nationals.. I Have SEEN that turn out badly too often.. 
Sorry its just true.. 
