Can Foreigners Buy Houses in Mexico?

Maybe people looking to retire in Mexico are interested in owning property in Mexico. But there's a lot of confusion about whether foreigners can own property in Mexico. The good news is that it's totally possible. It's just a little different depending on which part of the country you're buying in. And this video will explain it all!

The Mexican Constitution restricts foreign ownership of property. But like all things in Mexico, there's a way around this. And this way around is totally legitimate too! A trusted real estate agent can help.

A Fideicomiso is a bank trust that allow foreigners to buy property within 100km of the international borders and 50km of the ocean. They add some cost to the closing and also have a recurring annual fee of around $500USD. But owning a home in Mexico is affordable compared to similar places in the America or Canada.

It's also possible to form a Mexican corporation to own property. But this is more common for larger parcels (bigger than 1/2 acre) or when someone is buying multiple properties.

In the interior of Mexico, foreigners only need one form to buy property. (agreeing that they will be treated just like Mexicans.)

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Check out Gordon @GordWilsonsBajaLife
and
Baja Life Realty @bajaliferealty6506

#mexicorealestate

[hivolco]

Thanks for posting this video... I have lots of questions about buying property in Mexico. This helped to answer a lot of things I was curious about... Plus I think good emphasis on just being patient with the process in order to get it all right.

[raidermike]

Great info
Our annual vacation, we go down to Los Barriles. When I retire I was thinking of living down there.
Thanks again and you have a cool channel

[GordWilsonsBajaLife]

AWESOME! Thank you so much Brighton for inviting me to participate! I'm super grateful for the endorsement & visibility! ❤

[jonerickson]

I could’ve listened to the two of you talk about this more in depth.
Good relaxed setting and simple talk about complicated situations 👍🏻
Any chance you two do another sit down?

[pbjsilverstudio]

Also…if anyone watching this video is thinking about buying a home or land in BCS/La Paz area, please do yourself a favor and connect with Gordon!! We could not have found a better real estate agent!!! ❤

[davebaker]

Yes to Gordon. We've already touched base with Gordon and have been very happy with his answers. I think whether it be La Paz Mexico or Santorini in Greece you'd need someone like Gordon in your corner to help navigate the process. Thanks Mr B and Go for Gordon. P n D

[ednafronkelbarger]

I think it's significant how the US IRS has classified Fideicomisos. They issued a formal legal opinion on the Fideicomiso several years ago. In that opinion they stated that the person, in whose name the bank buys the property, has such full control of the property that it doesn't even qualify as a trust under the US definition of a trust. In their eyes, the person has full outright ownership rights.

[joseiniguez]

so, all the fees included are bundled into the closing cost? and are all Legal (lawyer fees) also included in the closing cost "BUNDLE" (just tryna get an idea of the fees invoked and how they are collected here.
help ...

[howardchestnut]

You can lose your house if you block the public access to the beach or if you lease property for more than ten years.

[Richard-bfb]

I just bought a house and the all the fees for 85, 000 pesos or a little more than $4, 000

[mindmachinemedia]

It was smart posting this on April 2 instead of yesterday so no one would think it was an April Fool’s joke. 😂

Closing here is more expensive and takes longer than in the USA. You don’t have to have residency to be a buyer, but if you own a home it would give you more certainty about being able to spend as much time here as you’d like instead of worrying how many days the agent issuing your FMM grants you.

[nestorpacheco]

Buen video amigo bienvenidos a Mexico 🇲🇽 que está pasando en usa 🇺🇸 muchas personas retirados están en todo Mexico is ok welcome to Mexico

[BoxerDogs]

At 0:58, the bank buys the property in your name. Then that means that the bank really owns the property and not you right?

At 4:12, you said that when you bought a house, the previous bank that owned the fridecomiso stopped offering the fridecomiso. Does this mean that if you buy a house (meaning you go through a bank and a fridecomiso), sometime later the bank can stop offering the fridecomiso, which definitely means you don't own it anymore? That's outright confiscation. Can that happen? If so, do they even give you your money back?

[Immaculate_Perception]

Thanks for the video/info. Question....Is this the same process in Rock Point, MX? And if I do everything correctly, is there any scenario in which the MX Government can just take my property? That's what I'm most concerned about.
Thanks-

[edgarmedina]

i have a house in la paz, i would love to move to la paz but i would need to find a job lol

[roundpaws]

Great video. Thank you. What happens if the bank that has your fidecomiso fails? Could you lose your property?

[ShihanTomCallahan]

if you pay cash for your house, do YOU own or the BANK own it? Does the bank just act as an intermediary? Or is the Bank own it in their trust>>?

[motap]

Not everyone has a mortgage in the USA

[Alex-dwim]

Guys, do not believe that a trust will protect your investment in Mexico. I purchased a home there and married a Mexican citizen after. We divorced two years ago, she is now suing me for 50% of my property. Despite numerous court appearances, Banco Monex, which initially assured me of the property's security, is now requiring me to defend my ownership, so anyone can sue you for your property.

[larrydecoursey]

So I can’t buy a vacant lot property in La Paz?