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

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

J

Emma take me with you

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

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.

im thinking of living their an build a house, what would your budget be? for a 1300 sqft house?

It's on my list of places to visit.

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-6lYA7c1Pnuo.html

How is the crime?

I read that it is unbearably hot there all year round

@@tn18977 you don't move to Mexico because it's cool weather.

Did you finance or all cash?

Yo any opportunity for the reference to this company for employment

sounds great! will have to check out the facebook group! thank you.

glad to hear it was helpful. thanks so much for watching.

Thank you, Alejandra.

all great questions and something we will address in a future video - thanks!!

You

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.

Taniel's the best! :) And all his clients say the same thing...you'll be in great hands.

glad you got some good helpful information from it!

Be very careful it's very dangerous down there I seen decapitated bodies I lost my money I was putting in to my house

@@michaelmolina9667 When was this? And how did you lose your money for your house?

go to Canada....duumy

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!

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.

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.

absolutely!! happy to do that in an upcoming video!

@@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.

@@HamiltonRb absolutely...one question leads to the next right? will look to address these questions in a future video! thanks so much!!

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.

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

Or stay in the US, you all already have robed half of Mexico's territory. Mexico is not for sale 🤷‍♀️

ABOVE whooo in ther right mind would invest 1/2 million there??? are u just crazy or very stupid...

ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-6lYA7c1Pnuo.html

How are you ever better off renting??

@@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?

@@headlessprofessor --- Has this happened to any of your 4 properties in Mexico?

@@headlessprofessor so 1.5 million expats made a mistake

I do not recommend that. You’ll be back. Don’t sell anything.

Smart man, at least come down here the winters even Ted Cruz is doing it

@@grabrielgrena9466 can you tell us about Mexico? All we hear is the bad stuff the media talks about

@@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.

@@grabrielgrena9466 You're so right. In America you really can get shot anywhere nowadays. It's sad. I would definately feel safer in Mexico.

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.

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.

There are many notaries in Merida.

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. :)

@@risam Thanks for the link. I appreciate it. I signed up for one of the webinars. 😊🙏

sure absolutely! we are launching a program that does a deep dive into purchasing real estate in mexico. stay tuned!

glad you were able to get some helpful info from it.

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!!!

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.

An American living in Mexico who goes buy the the name “Qroo Paul” answers most of these questions

Cartels are getting to the Expats in Cuernavaca, they control all of the Mexican territory, you'll never be safe there.

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.

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.

no it doesn’t

Good!!! More for the rest of us.

I’ve worked in medicine for nearly thirty years and Mexican hospitals and doctors are every bit as good as in Canada

What's the price is body armor?

@@Kitiwake what you mean Buddy no te entiendo en lo absoluto cuidate mucho y te deseo lo mejor

@@Kitiwake a morons comment

I believe there is a yearly fee.

@@petewick8627 ok Thanks.

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.