Why you would contact a Real Estate Agent, when you’re purchasing something here in Rosarito, Mexico?
Basically broke it down into three things, that Kenneth Huseman does for people to help them look home in Rosarito Beach.
Negotiate and facilitate, so someone coming down here to Rosarito from California which is the majority of Kenneth’s clients, now they don’t really know what it’s like to go through the process of purchasing Real Estate in a foreign country, specifically here in Rosarito, most of the time, the right agent will help you from the very beginning, if you have any question about a property, a Professional Real Estate Agent will be able to answer as clear as possible to you.
Continue reading Choosing a Real Estate Agent in Rosarito Beach
Invest in Mexico. Use your IRA (Individual Retirement Account) retirement savings to purchase an investment property without creating a taxable event! Put your IRA money to work now. This money can be used to purchase investment properties. Any investment property that actually earns income qualifies. Owner-occupied properties will not work.
American banks will not finance on properties in Mexico. Financing options in Mexico have very high-interest rates with short terms of only 5-10 years result in high mortgages payments. This is a perfect solution to purchase properties in Mexico.
- Setup the U.S. government/IRS approved “custodian” account and roll over the funds into this account. Then, the “custodian” provides a check to this bank account for the LLC which is used to buy the property.
- As rental income is paid, it will be deposited into this bank account. The account owner can then, write checks to the “custodian” account. This cash can roll over into any approved IRA brokerage accounts such as Schwab, Merrill Lynch, etc. Then, these funds can be invested in securities.
- Most investors are not aware of the fact that they may use an eligible retirement plan to invest in real estate of any kind.
- Eligible retirement plans for this purpose are any type of IRA (Traditional, Rollover, SEP, ROTH, etc.) and 401k or 403b plans (or any other defined contribution plan) held with a former employer.