U.S. Citizens can own property in the restricted zone which is all about Baja California essentially and I want to say right off the bat that the 99 Year Lease is it just not true, that’s a false thing, it was made up by the media. Nobody has a 99 Year Lease and the only Legal Lease in Mexico is a Ten Year Lease.
1. Distance to the nearest U.S. Border
It’s important that we take into consideration especially if it’s the first time moving out of the country, the distance to the U.S. Border for those of us that live in Rosario Beach. It’s so nice being able to cross back over to San Diego whenever we need to, if you’re gonna move to places like Cabo, Cancun or Puerto Vallarta, that means you have to catch a plane to get back to the U.S. We get the best of both worlds by living so close to the border, we’re a short half hour drive away and we can access anything that we need in the U.S.
Continue reading Choosing the Right Area to Live in Mexico – Rosarito Beach Real Estate
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.
