Tag Archives: Investment Properties

  • Garden Terrace

    The Pros & Cons of Buying in Mexico: What You Need to Know Before Investing

    Buying a property in Mexico is an exciting prospect, but it’s important to understand the pros and cons of investing in this country before making a purchase. Some destinations in northwest Mexico are easily accessible by car, while others require flying. Look for locations that offer direct or low-cost flights from your nearest airport.

    As a foreigner, you are allowed to stay in Mexico for up to 180 days, or six months per year, without a visa. However, you will need a passport that is valid for at least six months before expiration and a return plane ticket in your name. If you plan to stay longer or live full-time in Mexico, you’ll need to apply for a visa or residency.

    It’s important to note that the Mexican Peso has historically lost value against the US dollar. While it’s impossible to predict future home values, it’s unlikely that your home will appreciate in the same way as homes in the US have in recent years, especially when you factor in the currency exchange. On the other hand, if you buy your home in US Dollars, you will have to pay tax on any currency appreciation when you sell.

    The buying process in Mexico is similar to that in the US in many ways, but there are some key differences. Real estate agents in Mexico aren’t subject to licensing or education requirements, so it’s important to be careful who you work with. In addition, most real estate paperwork will be in Spanish, so it’s important to work with English-speaking agents and lawyers who can provide translated versions of the paperwork you’re signing.

    Another important aspect of buying property in Mexico is understanding the fideicomiso, or bank trust, which is required for most purchases. This trust is set up for foreigners buying property in Mexico and makes the bank trust the legal owner of the land. As the buyer, you are the beneficiary with all the rights to sell, lease, or pass your property on to your heirs. Fideicomisos are good for 50 years and can be renewed after that period.

    While buying property in Mexico can be an exciting venture, it’s important to be aware of the various fees and costs associated with the process. These can range from 6% to 10% of the sale price and are always paid by the buyer. It’s also important to keep in mind that you will need to pay agent fees of 3-5% when you eventually sell the property, as well as sales tax and capital gains tax.

    Buying property in Mexico can be a great investment for those who are prepared and informed. Working with experienced and trustworthy agents and lawyers is crucial to a successful purchase. While there are challenges and fees associated with the process, the opportunity to own property in this beautiful country is well worth it for many buyers.

    For more information and to learn more about investment opportunities in Mexico, contact us at: MEXICO – +52 (999) 488 4493 or USA –  +1 (480) 712-6533 – Visit us online at MexusVentures.com

  • Luxurious place

    Which Location is Best for Your New Home in Puerto Vallarta: Marina Vallarta or Downtown Vallarta?

    When searching for a new property in Puerto Vallarta, it’s important to consider the two main areas: Marina Vallarta and Downtown Vallarta. Each area has its own unique qualities that can make them suitable for different lifestyles and needs.

    Marina Vallarta is an exclusive and modern neighborhood located on the coast of Banderas Bay. This area boasts a beautiful marina, luxury amenities, and a peaceful atmosphere that has made it one of the most sought-after residential areas in the city. Investing in a property in this area offers proximity to the beach, access to luxury services and amenities, and recreational activities like golfing. Marina Vallarta also provides a safe environment and investment potential with high demand from affluent travelers and expats.

    On the other hand, Downtown Puerto Vallarta is a charming historic neighborhood in the heart of the city, offering a true taste of Mexican life and culture. This area has a convenient location, rich history, incredible food scene, and nightlife, making it an ideal place for people interested in history, art, and getting to know the culture. Downtown Puerto Vallarta also provides a vibrant street life with artists, food stalls, and the sale of many crafts and local products on the street.

    Whether you are looking for a quiet neighborhood with luxury services or a vibrant area with a rich heritage, there is a place for you in Puerto Vallarta. Marina and downtown Puerto Vallarta are wonderful places with unique offerings suitable for different lifestyles.

    At Mexus Ventures, we have access to residential developments that offer luxurious apartments, 24/7 security, premium amenities, and beautiful panoramic views. With a Marina development that has 2-bedroom condos for sale, it is perfect for those looking for a quiet and exclusive lifestyle. For those interested in experiencing the heart and soul of Puerto Vallarta. The downtown area of Puerto Vallarta offers luxurious apartments and bungalows with a spectacular ocean view.

    Contact us today and let our specialists in luxury real estate help you make the best real estate purchase in Puerto Vallarta. Whether you prefer Marina Vallarta or downtown Puerto Vallarta, we have the perfect property for you.