In this episode of Dream Retirement In Mexico, our host Taniel Chemsian shares insightful advice on investing in real estate in Mexico. Key points discussed include the importance of keeping an open mind, connecting with reputable agents and attorneys, conducting due diligence, considering trust banks, understanding the differences in escrow, setting proper expectations, and consulting with professionals.
Taniel also touches on topics such as mortgages, closing costs, restricted zones, real estate trusts, preconstruction contracts, and the behind-the-scenes work involved in real estate transactions. Tune in to hear Taniel’s expertise and learn valuable tips for a successful real estate investment in Mexico.
[00:05:54] Foreigners can invest in Mexican real estate. Restrictions apply within the restricted zone near the coastline and border. Non-Mexican buyers must use a real estate trust. However, if the property is more than 50 kilometers inland, they can own it directly.
[00:09:56] Escrow is uncommon in Mexico real estate market.
[00:15:07] Potential issues with capital gains tax and trust banks.
[00:19:04] Preconstruction contracts are different from resale.
[00:22:34] Open mind, research, and trusted professionals are essential.
[00:26:13] Fiduciary responsibility to clients.
About Taniel Chemsian :
Taniel Chemsian is a real estate broker and CEO of Taniel Chemsian Properties representing some of the finest properties and condominium developments in Puerto Vallarta, Mexico. – with a reach that spans the globe from his base in this seaside Pacific Coast tropical resort destination. Taniel specializes in matching luxury clientele with the perfect second homes vacation getaways, income properties, and retirement residences. Born in Beirut, Lebanon and raised in the Los Angeles area, Taniel moved to Puerto Vallarta in 2003 after falling in love with the city. He became a real estate agent in 2006 and has since been involved in over 450 real estate transactions. Taniel has frequently been featured on the popular HGTV series, House Hunters International. He is a long-standing member of AMPI (Mexican Association of Real Estate Professionals) – Puerto Vallarta Chapter, and a registered International REALTOR® with NAR International.
For more information, you can visit https://www.tanielchemsian.com