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Boomers Abroad Online Community Blogs
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Dec 14
2009
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MEXICO REAL ESTATE CAPITAL GAINS TAXES
(called ISR or Impuesto Sobre la Renta)
In the Yucatan real estate market, including other regions of Mexico, ISR are assessed when you sell a property The current rate is 28% of the gain (some states might have an additional one or two points) The calculation used to arrive to this Mexico real estate tax owed will depend upon several factors:
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Dec 10
2009
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Three regions of the Mexico real estate market receive good news this week from the Federal Secretary of Tourism (SECTUR) The long awaited beach recovery project looks to be nearly 98% approved with only the final authorization being awaited from the (SEMANART), which is the Secretary of Environment and Natural Resources.
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Dec 09
2009
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The president of Mexico, Felipe Calderon, has just spent several days visiting and touring throughout various cities and hotels in Quintana Roo He brought his wife Margarita who will also be participating on events in this tourist intensive region The Mexico real estate market, when focusing upon the segment dealing with the international second home markets, normally coincide with the same regions of the popular tourist markets. Thus, we follow closely the activities that involve the tourism industry as we know this have direct effects upon the Playa del Carmen real estate market, and many other real estate markets throughout Mexico
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Dec 02
2009
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ANNUAL PROPERTY TAXES in the Yucatan real estate market and even in Quintana Roo are very reasonable.
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Nov 17
2009
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Cozumel Real Estate Updates in the NewsPosted by Thomas Lloyd in retire , purchase , Mexico Real Estate , mexico homes , investing , cozumel real estate , buying |
The Cozumel real estate market is effected by several factors which include amongst many others, hotel occupancy rates, the ecological environment of the island, and the cruise boats that visit the piers from this Mexican Caribbean islandBelow are short updates on activities this past month that are effecting the island but also the Mexico real estate market as a whole.
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Nov 13
2009
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A Mexico notary public is an attorney that specializes in real property law and is specifically licensed by the state to legally transfer Mexico real estate property from one party to another. In my previous post in our Mexico real estate blog, I talked about the how to buy real estate in Yucatan One of the most important roles during the transaction are that of the notaries The number of Mexico notary public licenses is limited by the state. An attorney who wishes to become a Mexico notary must first attend classes and then pass a board. It is a demanding process and many do not make the cut.
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Nov 09
2009
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I remember when I first started looking for property for myself down in Mexico. I will admit that I was pretty confident and made…quite a few mistakes mainly by trying to do various things on my own I was a strong believer in my own investigative abilities, I knew how to negotiate in Mexico, and I had seen my good share of various types of business contracts in Latin America But soon, after my solo property search adventures, several late nights of worrying about my money deposits, and various headaches from that first dreadful Mexico real estate purchase experience, I suddenly remembered that good old simple advise that my father and some business teachers had shared with me, “DONT STUMBLE OVER YOUR OWN PRIDE…ALWAYS SURROUND YOURSELF AND LISTEN TO PEOPLE WITH EXPERIENCE”.
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Nov 06
2009
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Find out how to protect your good faith deposit and Mexico Earnest Money.
Your ready to buy your piece of paradise, but handing money over to someone you don t know in a foreign country is a scary proposition. So how do you protect yourself from a fraudulent situation
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Nov 05
2009
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Too Little Too Late Mexico Tourism 2009Posted by Thomas Lloyd in retire , purchase , Mexico Real Estate , investing , for sale , buying |
This summer I have been seeing news stories and large amount of articles of the dangers and risks of coming to Mexico to visit or to vacation The majority of the stories have spoken of the entire country of Mexico in general, and unfortunately did not speak of regions or neighborhoods where the incidences were occurring whether it was some neighborhood of Mexico City, or some region of the state of Baja California
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Oct 15
2009
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Your success as a Mexico Land lord will require that you are a good Landlord and reduce potential costly mistakes that many first time Land lords can make I have written several posts regarding Mexico real estate rental property, and how to best administer such properties, click here to see my previous articles on Rental Properties.
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Oct 08
2009
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Many new Landlords with Mexico Real Estate rentals are unsure what their lease agreement (Contrato de Arrendamiento) really says and if they are truly protected. As with any Mexico legal document, the lease agreement is binding and should be reviewed by all parties carefully.
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Oct 06
2009
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By now you should have determined if you are hiring a Property Manager for your Mexico Real Estate rental. You've interviewed and have chosen a Property Manager that you are confident with. The Mexico Property Manager that you've chosen has sent you the Property Management Agreement (PMA) and you notice a clause that states that you must deposit funds into a Trust Account with the Property Manager and you wonder
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Oct 01
2009
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It s been my experience that many people, especially those new to Mexico rental investments, believe that property management is easy. The perceived tasks of a property manager is to collect the rent, deposit the rent then wait until the next month to start the process over again. Sounds like little work. Why in the world should you pay for professional Mexico property management services






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