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Learning Center
Mexico offers unparalleled opportunities for today’s active retiree, making it increasingly popular for Americans to retire in Mexico. With a temperate climate, alluring beaches, and low cost of living, there are many advantages to living and retiring in Mexico. Mexico’s warm weather is appealing to many retirees, and with coastal cities on the Pacific and Atlantic, there are many options to choose from that are a short distant from locations in the States. For most retirees, all of the amenities expected in the United States are readily available in Mexico. English is spoken commonly in all of the most popular retirement destinations. Modern grocery stores and popular American chains are common in many areas. English speaking doctors and high quality healthcare is offered in many parts of Mexico, particularly in areas popular with American tourists and expatriates. In addition to this, Mexico’s close proximity to the United States makes it easy to travel back to visit friends and family. For instance, direct flights between Puerto Vallarta and Los Angeles can be made in roughly three hours. Despite the similarities between the conveniences available in the United States and Mexico, the cost of living remains much lower in Mexico. Real estate is much less expensive than equivalent options in the United States, transforming the dream of owning a beachfront house into a reality for people living on a fixed income, particularly in recent years as more options to finance real estate purchases in Mexico have become available. Mexico is easily one of the best and most affordable locations for Americans to retire. With many established destinations already available in Mexico, it is likely that the impending wave of retiring baby boomers will only help to secure Mexico’s position as one of the best places in the world to enjoy the golden years of your life. Click on the destinations link below to find out more about some of the wonderful places to retire in Mexico. Financing Real Estate in Mexico There are several ways to finance real estate transactions in Mexico. While the majority of foreign owned property in Mexico is still purchased with cash, a growing mortgage market is opening up new avenues for investors to leverage their assets. Here are a few of the financing options available for purchasing property in Mexico:
When financing property in Mexico, it is also important to recognize Mexico’s restrictions on foreign ownership of property. The majority of property owned by foreign investors in Mexico falls within the ‘restricted zone,’ which is 100 km from any Mexican border, or 50 km from any coastline. Foreign ownership of property within these zones is possible through a type of real estate trust known as a ‘fideicomiso,’ which gives title of the property to a Mexican bank, while granting full ownership rights to the foreign buyer. Investing in Mexican real estate has proven to be a wise move for many investors. Over the course of the past decade Mexico has been one of the most consistent and well performing real estate markets in the world. With a steadily increasing GDP, strong currency and stable government, the conditions in Mexico are ideal for growth in real estate. Mexico has the second largest GDP in Latin America, and in 2006 was ranked the most transparent real estate market in Latin America according to the Jones Lang LaSalle Real Estate Transparency Index. Mexico continues to be the single most popular international tourist destination for American citizens. The tourist industry, promoted by the Mexican government through its overwhelmingly successful state backed resort areas such as Cancun and Cabo San Lucas, provides a constant flow of money and investment into popular destinations. In addition to this, as more baby boomers, who currently control 70% of the United States wealth, approach retirement, many will be looking to Mexico as a destination either for retirement or second home ownership. Mexico offers property on impressive beach front and exotic locales at a fraction of the cost of comparable options in the United States. Favorable exchange rates and close proximity to the United States further elevate Mexico’s status as the premier international location for United States retirees. Domestic factors also make Mexico a desirable location to invest in real estate. A growing middle class is helping to fuel the strong real estate market in Mexico, shielding the market from economic downturns in the United States. These factors, including the strong economy, unrivaled tourism industry, and increasing demand for real estate both domestically and from foreign investors, make investing in Mexico real estate the most secure and appealing option for investors in Latin America. You can use your retirement funds, through a self-directed or real estate IRA, to buy property in Mexico. Mexico Real Estate Tours has partnered with Guidant Financial, an industry leader in self-directed IRAs and business funding solutions, to provide a FREE self-directed IRA with checkbook control to anyone that purchases a piece of Mexican real estate through one of our investment tours, a value of as much as $4,000. Guidant Financial has helped thousands of investors take control of their own retirement funds and has been recognized by both the U.S. Chamber of Commerce and the Small Business Administration (SBA) as one of America's most prominent small businesses. A self-directed IRA is a type of individual retirement account that allows the account owner to personally choose their own investments for a retirement portfolio. These investments can include things such as real estate in Mexico. While there are no restrictions on the types of Mexican property that can be purchased, the property may only be used for investment purposes. This means that an IRA owned property cannot be used personally by the account owner or certain direct family members. Improvements to the property, including damage repair, must be directly funded through the retirement account, and all proceeds from renting the property must be invested back into the account as well. If you would like Guidant Financial to send you a packet of additional information About Using your retirement funds to invest in real estate or if you are interested in finding out if using IRA funds to invest in real estate might be right for you, please click the register button below: If you have any problems registering, please call Guidant Financial toll-free at 1.888.472.4455. Make sure to mention Mexico Real Estate Tours though in order to get this special deal. |
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