Catfish hunter Loc: Riggins idaho (Paradise)

🤔 I was told this can’t happen. Does anyone know why we can’t buy property in Mexico now? I’ll bet there’s lots of vacant properties for sale there. Lol

rapala54 Loc: Nappanee,IN.

I've heard you can buy it, can't sell it after you buy it.

Catfish hunter Loc: Riggins idaho (Paradise)

Thanks. I was told you can’t even buy it but I knew people from the U.S. that had. Just thought it might be something new where you couldn’t buy it.🤷‍♂️

Spiritof27 Loc: Lincoln, CA

When I lived in San Diego twenty some years ago I knew lots of folks who lived in Mexico but the places they lived were either on a 99 year lease or in a relative's name. I've got a good friend who lives in Thousand Oaks and he "owns" a place in Rosarita, but it's in his wife's name - she's Mexican. I got no idea if she's an American citizen now, but she was born in Mexico. And whether or not you can buy or not would depend on Mexican law.

Catfish hunter Loc: Riggins idaho (Paradise)

I read the same thing in 1993 law Spirit. At the end of the 99 years the property has to go through the same process to renew for the next 99 years. They amended a lot of the stipulations of the law now and it’s easier to buy property there. Especially commercial stuff. They see the revenue intake from allowing foreign companies to operate there but it’s still, highly, regulated by the Mexican government. What I haven’t found, and it was brought to my attention, is “can you sell property there once you buy it?”. It’s kind of a gray area in that respect. You can sell your property to a Mexican citizen but I haven’t found where you can sell it to another foreigner any place. Not that it s a big deal to me but I have fishing buddies that own property down there and a guy told me you can’t buy property there now. I thought it might have been a new thing because of our current situation with c***d and all of everything else going on but it appears it’s, actually, easier now than prohibited. I’m sure the Mexican government has seen the influx of dollars from foreign influence and not willing to jeopardize that.🤷‍♂️ 110 degrees outside leaves me researching by the air conditioner. Lol

Jeremy Loc: America

YUP.

Relatives had some beachfront too. 99 year lease and special trust rules. That why it’s a known fact you as an American can’t just go buy Mexican Property outright. So as you and I already knew. You can have a place there and pay for it but it not same as in US. That’s why there is bunch of rules. So that’s why most people know you don’t just call a realtor and plop the money down and it’s yours. I used to go down there and there is other rules to know when in the Country as an American. But I realize some humans are extraordinarily exempt from all normal thinking or acting and any and all rules or wh**ever do not apply to them.

Catfish hunter Loc: Riggins idaho (Paradise)

Sorry. Your initial statement was “you can’t buy property in Mexico”. I was just wondering why my buddies had property down there if you couldn’t buy it. I guess if your relatives had beachfront property down there I misunderstood what you said. I apologize.

Mauwehu Loc: Norwalk Ct

Don’t know about Mexico, but there’s some swampland in New Jersey you can buy….. but the Brooklyn bridge? No longer for sale.

Catfish hunter Loc: Riggins idaho (Paradise)

Gotcha. How much?😂

Mauwehu Loc: Norwalk Ct

Actually priceless!

Catfish hunter Loc: Riggins idaho (Paradise)

I’ll bet. Sounds like a nice place for sure.

Catfish hunter Loc: Riggins idaho (Paradise)

For what it’s worth. Not sure anyone is looking to buy property in Mexico but I just got a call from the Mexican real estate broker I talked to earlier. Foreigners can buy property very easy in Mexico. Just not within the exterior boundaries of the restricted zone. That’s anything within 150 kilometers of an ocean or 50 kilometers from any border. You can still buy property within the restricted zone but there’s stipulations and the process takes 6 months to a year to complete. Anywhere outside of the restricted zone is like buying property anywhere else. Just FYI. Thought I’d pass that along if anyone was curious. I know we’d discussed it earlier. Thanks.

Truckintom Loc: DAYTONA BEACH

I have found that renting a house with all the amenities Turns out a better deal,then you are not stuck in one area.Most that are not right on the beach cost a little more than a third of average costs in the U.S. Depending on the area,also having lol cal friends would be a plus. But if you want property for the future, buy at higher elevations, 3000 ft-up.

Catfish hunter Loc: Riggins idaho (Paradise)

Makes sense but one gentleman on here said “we all know you can’t buy property in Mexico”. That’s not true at all. I found a realtor that specializes in real estate in Mexico, just out of curiosity, and he told me it’s easy to buy property there. He said “bring your check book. We’ll fix you right up”. He asked “who told you you can’t buy property in Mexico? That’s not true at all”.

Truckintom Loc: DAYTONA BEACH

Yep, my in-laws bought in the Baja area on a junket flight thing back in the 70's,They just kept up the payments and never went back.Things that make you say Hmmmm