New Life in Mexico

A Fabulous New Life in Mexico

A new job opportunity or a major life change can open up a high chance of experiencing a fabulous new life in Mexico. But uncertainties and challenges may show themselves along the way and the process of moving to a new country can take some time. As you overcome these obstacles, you will gain the rewards of the transition and more benefits will arise. Gain more positive results by considering the following attitudes and behaviors to make your new life in Mexico not only comfortable but fabulous.

Open-minded and Patient

Like any life-changing moves, resettling into a new country like Mexico requires an open mind, at least while you are getting to grips with the culture. Never give in to comparison or resentment once difficulties arise. While you are getting into your new life in Mexico, accept things as they happen. These challenges only happen for the time being. Being patient will keep you through things instead of getting easily angered or irritated. A soft approach, especially when you are a foreigner, usually will give you better results.

Eager to Learn

The Spanish language is one of the easiest languages to learn. You can have more confidence and better chances of increasing your transitioning phase in your new life in Mexico if you learn even the basic of the language. Communicating with people around you will also improve your networking group. You can use many online and app options to learn the language or you can take affordable Spanish lessons through classes or groups.

Flexibility

Having a plan is a great anchor to keep you through the storms of starting a new life in Mexico or in any country. A flexible plan should not take over your whole life but should serve as a guide and a progress tracker. Your goals will give you the right perspectives when times get tough or there are moments you are not sure what to do. Allow your plan to include other opportunities such as other matters that may fall into your task of getting to know the country, customs, and the requirements of your new job. Plan to have your plan ready for revision and a continuous work in progress. Plan to make your plan flexible and open to changes.

Friendly

Making new friends at work in your new job, joining a gym, or meeting people at your kids’ school are great ways to start your networking. Socializing will be one of your first tasks when you arrive in Mexico. Facebook and other social media can also help you connect with new people and with fellow expats. Here, you can share your stories or pieces of advice for your fabulous new life in Mexico.

Financially Prepared

Even if you are moving to Mexico for a new job opportunity or with a retirement fund, having extra money to tide you over is important. It will always be more expensive arriving and settling into a new location than what you have first envisioned. You will, at first, spend time and money finding your ideal car workshop, right plumber, and rental agents. Socializing will also eat some of your budget as you start forming your new base of friends. When things don’t go as planned, being financially prepared will help you remain calm and confident. An emergency fund will help take these fears away.

Please share with us your tips or any advice about making a fabulous new life Mexico.

Where to Retire

Choosing Where to Retire

When coming up to retirement many people consider moving to another country to live out their “golden years” with their partner. What will you do: stay at home, move to somewhere else permanently, or become a snowbird?

If you’re set on retiring abroad you need to talk to your partner and think about what is going to suit you both best; if you have totally different ideas about what your retirement should entail then tensions are sure to arise. The first thing you should do is sit down and make a list of your key priorities… what you need, want, and what you want to avoid when it comes down to your retirement.

Being on the same page and at least knowing where you may need to make concessions can really help smooth the process in the long run.

Retirement destination checklist

Consider these factors before running off to a far-flung destination when you retire.

Do you get homesick

Are you very close to your family and friends? Are you likely to want then to visit regularly, or will longer stays less often be enough for you? If you’re in the USA and Canada countries like Mexico are close enough for weekend visits, whereas European and Asian destinations may be less practical for such trips.

Climate

If extremes of heat and cold are going to be a real issue for one (or both) of you it may be better to think about a country with a more temperate climate. Before you make a final decision we would recommend that you visit your chosen destination at least once during each season to ensure that you know what you’re getting into.

Do you want to live retire to the place full time?

If you’re moving full-time you may find that you have less choice than if you were becoming a part-time “snow bird”. Consider which countries allow for retirees moving in fulltime, and ask yourself if these are compatible with your needs.

Temporary or permanent move

Are you moving for good, or do you want to keep your options open? Depending on your intentions you may wish to look for a country which will allow you to have dual-citizenship (rather giving up your current citizenship status).

Expenses

Many choose to move to a country where the cost of living is cheaper than in their home country; by doing so they make their pensions go farther, and enjoy a lifestyle they might otherwise have been unable to afford.

Compatibility

Consider what kind of lifestyle you might want to enjoy? Are you a hiking history buff, a lady (or gentleman) of leisure, or someone who wants to enjoy a bit of both?

Are foreigners welcome?

Some destinations are more friendly and accepting of foreign nationals and immigrants than others, think about how you will fit into your new community before making a move.

Healthcare and wellbeing

Many people choose their retirement destinations for health reasons; negative ions in the air in coastal locations, in particular, may improve the quality of life for some people with certain chronic conditions. Furthermore, if private healthcare is more affordable in your new destination this can only be a good thing.

Language barriers

Do you speak the language, and if not are you willing to learn? If the majority of the locals do not speak English communication could be a real problem.

The key to choosing a retirement destination which will please you both is to shortlist the countries which meet most of your needs and wants, and visit them in as many seasons as you can to get a real idea of what you’ll be getting into before you make the move officially. Certain try and buy options and fractional ownership programs will aid you in making informed decisions about how and where you spend your retirement.

Buy Real Estate

Enjoy your Investment – Buy Real Estate

Real estate is a secure investment that is also enjoyable. You can enjoy your investment when you buy real estate in your favorite vacation location. You will get to enjoy your investment and your money will be working for you and your future. Most people find no enjoyment when they invest in stocks or bitcoins, but you will have many hours of enjoyment with a luxurious real estate investment.

Here’s why you will enjoy your investment when you buy real estate in your favorite vacation location.

Why should you aim to own a second home?

A great combination is when you buy real estate that you can use as a vacation home. There are many options where you can purchase fractional and full ownership real estate in fabulous foreign locations, which could be enjoyable for you and your friends and loved ones to use for vacations.

Why purchase real estate in Puerto Vallarta, Mexico?

One of the beach destinations in Mexico is in Puerto Vallarta. This city is one of the safest and friendliest too. Real estate sales in the past ten years halted due to the world financial crises, but the real estate market is on its way back up now. Currently it is the time that you should purchase real estate as there are many advantages that will come your way.

If you purchase real estate in Puerto Vallarta, Mexico, then will be close to the International airport that provides many direct flights along with chartered flights with budget airlines that you can travel from November thru May, which is also snowbird peak season. You can come to your property for a weekend getaway with the regular flights that are affordable and you can bring your family and friends with you too.

Puerto Vallarta has an expat community and there are plenty of fun activities for you to enjoy such as going whale watching, theater, Spanish lessons, and so much more. Puerto Vallarta has something that you will enjoy as this is the place for everyone of all kinds of preferences, especially those who like the heat and the beach.

An Investment in Rest

If you decide to make a hotel-condo or resort residence your home in Puerto Vallarta, then you will be investing in peace, tranquility, and rest. Your real estate investment will offer many other benefits such as beach access, swimming pools, restaurants, spas and more.

As you can see, you can enjoy your investment when you buy real estate in Puerto Vallarta, Mexico.

Ownership at Villa La Estancia Real Estate
Puerto Vallarta Real Estate For Weekend Getaways

Puerto Vallarta Real Estate For Weekend Getaways

If you are thinking about buying a home in Mexico as an investment in your future vacations then you need look no further than Riviera Nayarit and Puerto Vallarta. It may seem idealistic to think that you could own your own home abroad what with the cost and complexities that such an investment brings, but there are some things you can do to make this a little less stressful and a little more feasible.

Owning a home with a resort such as Villa La Estancia in Nuevo Vallarta is one thing you can do to make it simpler. Puerto Vallarta can become a great option when looking for real estate for weekend getaways, even if you live abroad. Take a look at some of the reasons as to why you should consider Puerto Vallarta as the destination for your vacation home:

Short Travel Time to Puerto Vallarta
If you live in a US city near Los Angeles, San Diego, San Francisco, Dallas, Houston, Laredo, and Phoenix you can expect to be in Puerto Vallarta within 1 to 3 hours, and though it’s slightly longer if you stay further north in New York or Toronto, direct flights still give you enough time to get the most out of a weekend away. Puerto Vallarta real estate for weekend getaways can be a viable option even when you live in the USA.
National Owners
Reals estate for weekend getaways is a particularly great choice for national owners. Puerto Vallarta is not only a tourist hotspot for international visitors, but it’s a real favorite with Mexican nationals too! It’s common for people to make the 4.5 hour drive from Guadalajara to have a weekend away, and you even get city dwellers from Mexico City, Tijuana, Monterrey, Queretaro, and Leon coming to this coastal city for some down time.
Homeowners Association
You could be forgiven for thinking that trying to maintain a second home so far from your main residence, but the Villa La Estancia in Nuevo Vallarta makes it easy to own property in Mexico and use it as a weekend getaway. The homeowners association makes sure that all common spaces are kept in good working order, and there’s even a maid service which you can employ to keep your home tidy and clean whilst you’re away.
On-site Security Provides Peace of Mind
The Villa La Estancia real estate options found Puerto Vallarta have all the most up to date security features, and benefits from 24/7 on-site security. This gated community takes your safety and peace of mind seriously! You can sleep soundly, and travel without worry when you own property here.
Rent out your real estate
The waterfront setting offered by Villa La Estancia properties is quite remarkable, and because of it’s beauty the real estate here is considered very desirable and valuable. This means that any weekend getaway home you buy here could give you real returns in terms of vacation rentals too. The plentiful dining and shopping options along with the many family friendly attractions in the area make it perfect for people of all ages and persuasions.

Better still, the villa La Estancia offers property managers to those who wish to leave the details of letting out their property to someone more knowledgeable than themselves. So, really, your vacation let can make you money, give you joy, and do it all without you needing to stress about it!

Real Estate Investments

Real Estate Investments

In the past, the stock market has always been the number one choice for North American investors as they have trusted the stock market with their hard earned income, but lately there are clear signs that this is changing to real estate investments due to the continued uncertainty of the global economy, which is why people are searching for secure investment choices.

Secure investments

One secure investment that you can feel and visibly see is a real estate investment. It is becoming very clear that the real estate market is a safer investment than the stock market for many different reasons, but only if you purchase property that is in a region that will grow and generally in these areas the property will be affordable. Many times when one invests in real estate they are required to put a large down payment for the property, but the returns is very positive and real estate investment properties are for smart buyers who are wanting a property that will provide income and these type of properties would include; apartment buildings, vacation homes, retail properties, and multi-family buildings.

How to invest in real estate

There are a few different ways that you can invest in real estate as you can purchase a (REIT and FIBRA) real estate investment fund or you can purchase a private home, vacation home for rentals, retail locations, office spaces, and apartment buildings. As you can see real estate investments options are endless.

By just glancing, one may think that the stock exchange is the better investment for people over real estate investments, but once inflation is added in along with the cash flow that you would receive annually with the real estate property investment, then it is crystal clear that the better investment opportunity is with real estate investments. One should also consider the appreciation on the real estate as with it you will be earning money every year just by being the owner. One excellent real estate investment is purchasing real estate in locations that is not fully developed, but on the way to emerging, and doing this will provide an immediate appreciation when the location is fully developed. Another excellent real estate investment is purchasing properties that will provide you with income as this is a large return on your real estate investment. Vacation homes and multiunit apartment buildings are two types of properties that you will receive a large return and income for your investment.
Real Estate Investments vs. Stock Market

Here are just a few of the top reasons why real estate investments are better than the stock market:

  • Larger Control Personally
  • Many Advantages with Taxes
  • Real Estate Investments are Secure and Stable
  • Easy to Analyze
  • The Property is Yours to Use

As you can see, real estate investments are the better option over the stock market and it doesn’t matter how old you are. You will receive a constant return and income that is secure, safe, and steady. Real estate investments will always be a safer choice for many, many years and if you select a property that produces income in an up and coming area, then your investment could triple.

Riviera Nayarit Real Estate Villa La Estancia - Deluxe Superior room

Riviera Nayarit Real Estate: Villa La Estancia

Close to the Puerto Vallarta’s International Airport is the ideal place for prime real estate in Mexico, and that is Riviera Nayarit. There is no doubt at all that Villa La Estancia is the perfect choice for those who have the distinct taste of sophistication and luxury on the beach.

Riviera Nayarit Real Estate: Villa La Estancia

Villa La Estancia is perfectly located in Nuevo Vallarta and it is situated between Punta Mita and Puerto Vallarta and it is on the Banderas Bay. Riviera Nayarit real estate at the Villa La Estancia is one of the best real estate opportunities and investments as it is located on a swimming beach that stretches as far as the eye can see north and south. Buyers can choose a full or fractional ownership that comes with 5 Star amenities and services for those individuals that are used to lavish lifestyles and searching for a setting that is laid back and relaxed.

Riviera Nayarit Real Estate at Villa La Estancia

A tranquil setting, world-class services, and a sophisticated style is what the Villa La Estancia is celebrated for. The Riviera Nayarit Real Estate at the Villa La Estancia allows dreams to become a reality for those wanting to purchase prime property in Mexico. The villa comes with an elegant hacienda décor and style that will make a splash with all your friends who want to come and spend time with you at your beautiful home located by the sea. Who knows, your friends may want to be a part of purchasing Riviera Nayarit real estate at the Villa La Estancia too. Take a moment and just imagine the spectacular scene when you arrive at your very own private beachfront property located in Riviera Nayarit where you will be immediately greeted by name from the staff as they welcome you home again.

The Villas at Villa La Estancia in Riviera Nayarit

At the Villa La Estancia the villas include penthouses, and 2 and 3 bedrooms. Each of the villas are designed and decorated with a colonial and hacienda style that is sophisticated and elegant. Each of the villas come with maple cabinets, marble floors, and steel appliances along with private whirlpool tubs and walk-in closets. Each detail and feature has been added to the villas at the Villa La Estancia.

Riviera Nayarit Prime Real Estate

Riviera Nayarit real estate becoming the choice for many more people each day. The Villa La Estancia can be a first home or a vacation home. Due to the climate being wonderful, the cost of living is low, the cuisine is delicious, and all of the residents are welcoming and friendly, because Riviera Nayarit, Mexico is becoming the most sought out locations for retirement.

Vacation Rentals in Mexico

Real Estate for Vacation Rentals in Mexico

There are plenty of real estate opportunities available for prime locations in Mexico that include Los Cabos, Puerto Vallarta, and Cancun in case you think that you have missed out on an amazing real estate opportunity. For foreigners it is easy to invest in real estate for vacation rentals in Mexico, especially now that there are websites, which include Craigslist and Airbnb where vacation rental properties are advertised.

Real Estate for Vacation Rentals in Mexico Investing

Today, foreigners can easily purchase real estate throughout Mexico even though there may be different regulations on buying property that is located in the restricted zones (50km from the coast and 100km from the border). After you have bought Mexican real estate you can start the task of letting the real estate work for you by renting it out short term or long term. Investing in vacation rentals are very popular for vacationers in Mexico and the demand is only increasing yearly. Last year there was an increase of 9% in the real estate industry for the best destinations in Mexico, and the occupancy rates are only increasing in these areas as well.

Vacation Rental Income in Mexico

Why purchase Mexican real estate for vacation rentals? One of the main reasons is the great income that you will receive. Once you have purchased Mexican real estate for vacation rentals you can advertise the rentals in Mexico at US rates, which means you will receive a stable income at a premium price, especially if you plan on renting your vacation rentals during the peak season, which in Mexico is during the winter months. You will be charging the rental in US dollars, but your maintenance, expenses, and all running costs can be paid in Mexican pesos, which means you will make a great return, even if the property appreciation is considered throughout the years.

Paying Income Tax on your Vacation Rentals in Mexico

During the past few years, any income from vacation rentals in Mexico often went unnoticed, but the new tax laws state that all property owners and investors must pay taxes on any income received from vacation rentals. You should always consult with a tax attorney in Mexico, so that you don’t get in any trouble with the law for not paying tax on vacation rentals in Mexico.

Real Estate Property that You Can Use

The real estate property that you purchase is an investment, but it is also a vacation property that you can use too. You will have an amazing vacation property in Mexico available for you that is your very own. One good thing about purchasing real estate property in Mexico is you can rent it out and get the extra income along with having a great vacation property that you can use too. Real estate for vacation rentals in Mexico is a great investment for foreigners.

You Need to Buy Mexican Real Estate

Four Parties You Need to Buy Mexican Real Estate

Are you planning to buy Mexican real estate? If your preferred land is within the restricted zone (within 50 km of the coastline and borders), it is important to know that there are 4 important parties involved in your transactions. Each of these parties will provide assistance according to their expertise. With their help, the process of follow to buy Mexican real estate is easy.

  • Notary Public
  • Buyer’s Attorney
  • Bank (Fideicomiso)
  • Real Estate Company

Notary Public

You need an official and unbiased representative of the government of Mexico whenever you transact in real estate business. You cannot buy Mexican real estate without the services of a notary. A Mexican Notary (Notario Publico) is a licensed attorney duly certified by the state and Federal government. A notary in Mexico acts the same as those in Canada and has greater responsibilities than notaries in the US. A Mexican Notary has gained the position as a government official after passing stringent exams given by the Mexican government. All records they provide must be original and must be recorded in the Public Registry of Property. A Notary can be held liable in both civil and criminal terms, that is why a notary’s role in Mexico is very serious. Aside from these expectations, a notary is also tasked to authenticate legal documents, calculate capital gains tax, and ratify all real estate transactions in Mexico. A real estate transaction which is not ratified before a notary and rightfully recorded in the Public Registry is considered invalid and non-enforceable. In any real estate transaction, the notary is highly responsible both to the buyer and the seller, as well as to the Mexican government.

Mexican Real Estate Buyer’s Attorney

It is not compulsory to have a buyer’s attorney when you buy Mexican real estate, but it is recommended. It is also important to get a Mexican attorney instead of a foreign one since foreign attorneys are not licensed to practice law in Mexico. Getting the service of a licensed Mexican attorney will provide you with advice on the laws related to the real estate. The attorney will represent you and protect all your legal transactions. It will also be the attorney who will draw up contracts and review the terms and conditions of the sale. Aside from these, an attorney can help you save your money as they have lots of contacts including banks, notaries, and the Mexican politics.

Mexican Bank for your fideicomiso trust

Your authorized bank is your Trustee Bank which will act as Trustee (fideicomiso). The bank must be a Mexican registered financial institution. As a buyer, you must choose a qualified bank which will ensure a legal and appropriate transaction. The bank will provide a trust for the real estate which you own and control on your own. The bank trustee is not allowed to transfer ownership of the property, change the beneficiary rights, or do anything about the property without the owner’s written instructions. With the government protection against bankruptcy, the trust is guaranteed by the government indirectly.

Real Estate Company

When you choose to buy Mexican real estate, the procedures will be different from what you may be familiar with. It is important to have the right people for your business transactions. Having these people and a team of experienced, knowledgeable, and dedicated real estate agents will make your experience not only different, each step is ensured with guidance, and the outcome is a smart and secure buy.

Mexican Real Estate Q&A

Mexican Real Estate Q&A – Fideicomiso

Foreigners who are interested in purchasing Mexican real estate should continue to read below as the top questions and answers are provided about Mexican real estate and fideicomiso trusts.

What is a Fideicomiso?

A fideicomiso is a real estate trust that you can apply for at a Mexican bank of your choice when you purchase real estate in Mexico. The bank is the trustee to the fideicomiso, and you (or anyone you designate) are the beneficiaries of the trust. The beneficiaries have control over the real estate. The trust is not a lease, but it is equal to a Living Trust in the United States. You can sell it, mortgage it, use it, enjoy it, will it, and inherit it. The Mexican bank will represent you on your behalf, and be the administer

Do you need a Fideicomiso?

If you are a non-Mexican, you will need to use a fideicomiso to legally purchase any real estate in Mexico that lies in the ‘restricted zone’, which refers to any real estate that is within 31 miles (50 km) of all coastlines and 62 miles (100 km) from the borders of Mexico. Foreigners will not need a fideicomiso if they are purchasing real estate that is not located in the restricted zone, although many foreigners still choose to use the trust.

Does my property become an asset of the bank?

The bank has no rights to your property, the bank is merely a steward to your trust. Your property does not become an asset of the bank. No legal action against the bank or bankruptcy will affect your trust.

What is the Fideicomiso trust time period?

The fideicomiso trust time period is 50 years and at any time the trust can be renewed for a fee. The fideicomiso trust is always set for 50 year increments, which is also guaranteed for renewal.

What are the costs involved in getting a fideicomiso?

The current fideicomiso cost is $500.00 (USD).

Does the Mexican Government have the right to take my Property?

At no time can the Mexican Government take your property. Under the NAFTA – North American Free Trade Agreement states that Mexico cannot directly retrieve your property unless it was for a public purpose, such as building roads or highways, and then this can only be done through the correct legal action. The government will give you the fair market price for the trust along with any interest that may accrue.

Can I have a fideicomiso trust for any ejido land?

You cannot get a fideicomiso trust for any ‘ejido’ land as only Mexican nationals can own the ejido land legally. This type of land in Mexico is not considered real estate as it does not come without a title or deed.

Rental Agents and Realtors in Mexico

Rental Agents and Realtors in Mexico

If you are planning on making Mexico your second home, then it is wise to set aside time to find out where you will be staying. It may seem like a lot of work in preparation, but it is well worth your time doing so. Often, it is a good idea to rent property before you purchase, unless you have fallen in love with a place you have found while enjoying try and buy visits to Mexico.

Rental agents and realtors in Mexico

It is not a bad idea to surf the internet to see what is posted as available rentals and properties for sale, but most people looking to stay for long periods in Mexico like to have a local realtor help them find the right property for buying or renting.

The services provided by realtors in Mexico to those looking to buy property are free because they are paid by the current owners of the property —whether selling or renting. So, it is very good sense to work with a realtor— especially if your Spanish is not good and you have limited knowledge about the location you plan to move into. If you are buying, realtors can do a lot of the busy work of negotiating for you.

A beneficial local agent will invest in time to find out what your needs are and what your budget looks like for acquiring a property. The realtor will be your spokesperson—negotiating terms, interpreting terms for you and explaining any additional information you may need.

Make sure your realtor is a member of AMPI (Asociación Mexicana de Profesionales Inmobiliarios, Ciudad de México, A.C) because this organization ensures consumer rights are protected by regulating real estate policies.