Renting is the best way to go. The only problem with renting is you’ll naturally fix up the property and the minute you do renovations they’ll want it back
But why would you want to fix up the property? I think too that if you have a contract the owners can't force you to leave, unless of course you don't pay.
I bought a house in Mexico, I pay 100 dollars of taxes a year! I have money in a Mexican bank for my daily expenses and keep the bulk of investments in the USA. The house is a beauty! The best deal of my life, I enjoy living in luxury with my social security payments, in the loving environment of Mexico!
I owned a house in Ajijic in the best neighborhood for 9 years and sold it last year. Despite being originally represented by a leading real estate agency and using a leading notary found that the notary had altered the original purchase price and I was forced to pay considerable capital gains when the selling price was the same as the purchase price. My lawyer also well known told me I could do nothing that this was a common practice and no notary involved in the purchase and sale would rectify the situation. Renting is the best way to go in a country racked by corruption. I have to be grateful I sold before the pandemic.
Yes you have to be careful about this, and the way around it is to make sure that you have an RFC number which has to be listed on TWO separate bills, the electric bill and another utility bill. If the RFC is not on the bill, you get charged the capital gains tax difference on the sales price difference from the price listed on your sales documents.
Listen friends, I have watched a ton of your videos (and tons of others), and wading through all the junk* (*an edit: not to suggest that there was ever tons of junk in YOUR videos) to get to a jewel like this, can be a tough slog. This is the kind of local knowledge - conocimiento local - that is priceless. So far, your best video. En mi opinion.
Very informative. Thank you. Careful about putting money in Mexican banks for their interest. Yes, owning Peso's can be quite volatile. Just look at the last 20 years.
I've lived in Mexico for 10 years now. I have visited the beach locations. Tooo! Hot! I did not want to live where I would need to use air conditioning! I settled in Patzcuaro, a town located at 7,000 feet in the Mexican Transvolcanic Mountain Range. The only place to live! Beautiful climate all year long! Eternal Spring! And, much less expensive!
I love your videos and how well your presentations are; you both speak at a normal pace so we can grasp everything you are conveying. Thank you soo much.
This gentleman has a lot of great advice. I'd say a lot of people want to buy buy buy and I agree do not be afraid to rent for a while...less headaches even tho any changes you make might be limited.
Great Comet old school we rented for 12 years before we bought our home and the reason why rent is such a value if you consider a Mexico you have to pay cash for a house so what does that mean you take out money from your investment account that you're getting 10% return may be as low as 5% return so if you for $200,000 at 5% you're getting $10,000 a year so you take that $10,000 and you rent this way you keep your $10,000 in an investment account ( for your protection ) what do you think about that as a strategy?
Old school how do you seen this video the pros and cons on renting or buying a home in Mexico see this before you make any decisions. Rent Or Buy In Mexico th-cam.com/video/xzzWfiHh_mk/w-d-xo.html
@@JerryBrownTravels and at my age, I may never see the return on a home in Mexico...if i die owning it! We currently live in Oregon but drive to Baja CA Sur and live in and around San Jose Del Cabo, Cabo, East Cape, Todos Santos (etc) for 4 months a year. We rent so we can try out each place (like your lovely Lorie mentioned in a video) and see which area(s) we like. My Father-In-Law is in Memory Care (in USA) and running low on funds from his insurance so we are now looking at moving him to Mexico for long term care. Tonight I plan to rewatch your video's regarding long term care in Mexico too. Keep up the good work
I liked Allan's pragmatic recommendations. Renting does seem much easier than buying and you have the advantage, if something goes wrong, or if you decide you want to leave, of just pulling up stakes and saying, "It was nice while it lasted." We bought in Portugal but that was because we were much younger and had a business and financing here was really easy with very low interest rates. In Mexico I think it would be hard to get financing especially if you were retired and of a more advanced age.
Dear sweet Browns: I just CANNOT UNDERSTAND WHY smashing the thumbs up👍Button is so difficult for your viewers to do. 40+ thousand views and only 1.2 thumbs up...🤔. PLEASE PEOPLE INTERESTED IN LIFE IN MEXICO - support this cute, giving couple.😍
Glad you enjoyed it Chris check out this one you may like it to. Let me know what you think Chris. Queretaro, Mexico $49k USD, New Condo: Expats Retire & Purchase New Condo th-cam.com/video/aywQpLktiP8/w-d-xo.html
Great interview Jerry. Your guest said that if you rent at the beach for a thousand a month that you could find rentals 50 kilometers inland for fifty dollars. It would be interesting to see some of these fifty dollar a month inland rentals.
Patrick Grimes~ Yes, would love to see what some of these "shacks" for $50 a month look like...How about it Jerry and Lori, take us inland 50 kilometers...
Thank you very much. Did you see this video? I know you'll enjoy it. Let us know what you think. See Secret $800 Vacation Beach Rental th-cam.com/video/9iYUARhVqSA/w-d-xo.html See Your $68,000 Home Mexico Beach Community th-cam.com/video/oVLR2COOZu8/w-d-xo.html
THATS EXACLY WHAT I WANT , SOMETHING INLAND AT A VERY REASONABLE PRICE. I LIVE IN PHX BUT WOULD LOVE TO RENT IN A OCEAN SIDE AREA IN MEXICO, PREFERABLY SOUTH OF PUERTO PENASCO NO FURTHER THAN BAJIA KINO. WHERE DO I BEGIN TO LOOK?
If you want to make 8% on your money (not guaranteed) buy the stock MXF with your American money. That stock invests in Mexico's banks and various companies. But keep in mind that the higher the interest anyone pays, the greater the risk you take. That just makes sense.
Glad you like them! I want to give you more information in this next video. Risks of buying real estate in Mexico 2021. Is it Safe to Buy Real Estate in Mexico. th-cam.com/video/chBUrVvZt48/w-d-xo.html
I'm planning on becoming a citizen and buy a home more tours in land. Could you advise me the best site and videos that could help me find the information. Yes, I have been to Mexico. I tend on going back to pick up my heart
He mentioned lake Shasta in ca during summer. (being no worse there..) However ca has very dry heat like AZ and no humidity. I'm interested in knowing where in Mexico has lowest humidity not in high elevations.
I do not recommend using Mexican bank for the bulk of your savings too many games and fees. Have a Mexican account for living expenses. Keep your money in a safe bank and there’s none there
The banks aren't paying anything so that isn't a good investment. I don't know what he is talking about. The banks in Mexico aren't really that safe anyway or any bank for that matter. If they fail you only get 1.65% so your money is not SAFE.
Thanks for describing. Here's a couple videos you may not have seen yet. I've over 500 videos WHY We Chose Mexico:Jerry & lori th-cam.com/video/fEKv6enUhTQ/w-d-xo.html We LOST 50% of our RETIREMENT SAVINGS th-cam.com/video/Vipldffrjbc/w-d-xo.html OUR SECRET Formula Retired In OUR 40s: th-cam.com/video/va9qdPSmKSE/w-d-xo.html Living on Social Security in San Miguel de Allende, th-cam.com/video/Qz07j86f65I/w-d-xo.html
Hi Jerry and Lori, I'd love to see some of the rental properties inland from the beach if it's possible. That peaked my curiosity. Great interview by the way! Thanks, Robert
Thank you very much. Did you see this video? I know you'll enjoy it. Let us know what you think. See Secret $800 Vacation Beach Rental th-cam.com/video/9iYUARhVqSA/w-d-xo.html See Your $68,000 Home Mexico Beach Community th-cam.com/video/oVLR2COOZu8/w-d-xo.html
Robert craig~ Would make a great followup video to this one wouldn't it? We'll see if they actually go inland 50 kilometers to film those $50 a month rentals as Alan in the video stated they we're there. Funny how Jerry keeps dumping old videos in place of a direct answer...
@@mikemcfarlan8555 hi Mike, I agree, $50usd a month is hard to believe. Hopefully Jerry can provide us with a video soon on what is available in that area at that price. I'm thinking the accommodation's at that price point are going to be sparse.
Lori and Jerry, Always enjoy watching your videos. A while back, you interviewed a dentist, but I cannot find that video. Could you do an updated video on reputable dentists in the Lake Chapala area? Do you know anything about "dental tour groups"? Thank you 😊
This is an older video her prices have gone up but you can contact them directly and ask them what do you need to know. Dentist Mexico th-cam.com/video/gui4II2E1Dw/w-d-xo.html
Thank you very much. Did you see this video? I know you'll enjoy it. Let us know what you think. See Secret $800 Vacation Beach Rental th-cam.com/video/9iYUARhVqSA/w-d-xo.html
@@JerryBrownTravels thank you Jerry for your answer i like to wacth your chanel my wife is from philippines i a french from tahiti new caledonia i don t know France we are plaining after selling my land to live in your area may be south of puerto valarta our best friend is mexican we met him in philippines he was learning english will tell more later sincerally karen and stephane
He stopped mid-sentence when he was talking about summers in Mexico. He said, "It's not the heat...." but he never did say what people don't like about the summers if its "not the heat." Bugs? I know it's humid, but there's the ocean for cooling off.
Everybody has their own temperature gauge within them for me personally where he lives is way too hot and humid for me during the summer months that is a deal during the winter
@@JerryBrownTravels I am familiar with the heat in Mexico in the summer, but I was curious about what he was about to say when he got cut off. He was talking about something other than the heat.
What you need to do is come down maybe read an Airbnb in stark looking at bulletin boards and newspapers and online to see if anything is available for housesitting. You can go online Google that is and type in housesitting in Mexico there are websites available.
Be very careful who you do $$$ business with everywhere🤑especially in Mexico😭 always check RELIABEL / VERIFIED REFERENCES BEFORE BUYING ANY PROPERTY/ be sure you have a legal & verified contract in writing & certified by a US lisenced attourney🇺🇲
You can get a CD and get a return 7.75% interest but be careful you have to pay income tax if you live in United States from that income. Check with your bookkeeper, Account first
I'm not 100% clear on this but my understanding is that Mexican citizens can apply for a loan on a home in certain parts of their area that they live in. I just looked this up. Foreigners can secure a credit with a Mexican bank of up to 70% of the value of the property appraisal. It is the same steps to get the mortgage as a Mexican citizen. ... Securing a loan in Mexico will not impact your credit score back home.
Good advice - rent for a year and learn the ropes. Buying property on the coast can be hazardous . You will not have clear title. All sorts of BS goes on. On the other hand inland like San Miguel de A. fewer problems although that town is pricey. Caveat for leaving your money in a Mexican bank and drawing high interest - the peso goes through periodic sharp devaluations
You are right depending what life style you live. Also if you wish to spend all your life there. This is a property you want to die in and think in you later years that it will be all that you need. It may take many years to sell. Depending on price it may take a decade to get what you put into it. I have seen many properties listed for ten years plus. A fire sale will move it way quicker. Homes over 800 k will be on the market longer, unless it ticks off all boxes.
The beard must be quite a sight around the town. A beard like that would be very rare in Mexico. It was hard to see if he didn't have any front teeth but if so, I am surprised, because dental care in Mexico is so cheap. He could easily have implants for around 600 dollars each.
What formula is this. Rent first and get acquainted with the neighborhoods you would like to live in then when you're ready to buy get a home inspection.
I'm not trying to be difficult - but one of the anxieties that face people is that rent will increase at a faster pace than investment income will. This is born out in many places, where tenants were pushed out as rents increased - San Fran, Los Angeles, New York, etc.. then where will you go, keep getting pushed out in a time in your life that you very much want stability and security.. so purchasing the property offers some protection against that happening, and gives stability and predictability in monthly costs.
Mexican law said than in order to own a mexican land you need to have a mexican citizenship. Inform your self before you do something. I'm a proud mexican. And my kids are from USA. But now they just have their dual nationality. Because tomorrow they are allow to own property in my mexico 🇲🇽
Secret to life " Earn DOLLARS spend pesos"
This guest was genuine and I felt he gave good information! I am considering everything he says.
Renting is the best way to go. The only problem with renting is you’ll naturally fix up the property and the minute you do renovations they’ll want it back
But why would you want to fix up the property? I think too that if you have a contract the owners can't force you to leave, unless of course you don't pay.
me and my wife was about to buy a piece of land but we still considering and after seeing this video we definitely want to rent first. Thank you.
I bought a house in Mexico, I pay 100 dollars of taxes a year! I have money in a Mexican bank for my daily expenses and keep the bulk of investments in the USA. The house is a beauty! The best deal of my life, I enjoy living in luxury with my social security payments, in the loving environment of Mexico!
Good job!
I owned a house in Ajijic in the best neighborhood for 9 years and sold it last year. Despite being originally represented by a leading real estate agency and using a leading notary found that the notary had altered the original purchase price and I was forced to pay considerable capital gains when the selling price was the same as the purchase price. My lawyer also well known told me I could do nothing that this was a common practice and no notary involved in the purchase and sale would rectify the situation. Renting is the best way to go in a country racked by corruption. I have to be grateful I sold before the pandemic.
hello, you said by selling you paid capital gain, do you have a temporary or permanent residential Visa, that could have prevent you from this issue?
@@NN-yq3yl Really sad. File complaint with the government agency and file civil suit?
Yes you have to be careful about this, and the way around it is to make sure that you have an RFC number which has to be listed on TWO separate bills, the electric bill and another utility bill. If the RFC is not on the bill, you get charged the capital gains tax difference on the sales price difference from the price listed on your sales documents.
Listen friends, I have watched a ton of your videos (and tons of others), and wading through all the junk* (*an edit: not to suggest that there was ever tons of junk in YOUR videos) to get to a jewel like this, can be a tough slog. This is the kind of local knowledge - conocimiento local - that is priceless. So far, your best video. En mi opinion.
Wow, thank you.
Did you see this video? WHY We Chose Mexico:Jerry & lori th-cam.com/video/fEKv6enUhTQ/w-d-xo.html
Alan has great advice here. Live in a place for a while to see if you like it before you buy👍. Thanks for the video.
Your the reason I will be moving from chicago to Mexico thanks and keep those videos coming
I do love it. Thank you! Renting first is essential, agreed.
Love to hear more about Memo and folks like him , living off the land
Wow, this is the most informative video I’ve come across…..investing i& renting without losing sounds AMAZING…simply grateful
Glad it was helpful!
SEE I am shocked on Comment 8.25% Return on Investment
th-cam.com/video/YCpMdlOm-is/w-d-xo.html
Very informative. Thank you. Careful about putting money in Mexican banks for their interest. Yes, owning Peso's can be quite volatile. Just look at the last 20 years.
I've lived in Mexico for 10 years now. I have visited the beach locations. Tooo! Hot! I did not want to live where I would need to use air conditioning! I settled in Patzcuaro, a town located at 7,000 feet in the Mexican Transvolcanic Mountain Range. The only place to live! Beautiful climate all year long! Eternal Spring! And, much less expensive!
excellent choice Patzcuaro
What State is Partzcuaro in?
@@lupitacajero7185 ! Estado Michoacan. Supposed to be dangerous, but I think it's quieted down a lot! Haven't had any problems since I moved here!
Yes earn american dollars and spend pesos I just learned the secret to life 😊
I love your videos and how well your presentations are; you both speak at a normal pace so we can grasp everything you are conveying. Thank you soo much.
Glad you like them!
This gentleman has a lot of great advice. I'd say a lot of people want to buy buy buy and I agree do not be afraid to rent for a while...less headaches even tho any changes you make might be limited.
Great Comet old school we rented for 12 years before we bought our home and the reason why rent is such a value if you consider a Mexico you have to pay cash for a house so what does that mean you take out money from your investment account that you're getting 10% return may be as low as 5% return so if you for $200,000 at 5% you're getting $10,000 a year so you take that $10,000 and you rent this way you keep your $10,000 in an investment account ( for your protection ) what do you think about that as a strategy?
Old school how do you seen this video the pros and cons on renting or buying a home in Mexico see this before you make any decisions. Rent Or Buy In Mexico th-cam.com/video/xzzWfiHh_mk/w-d-xo.html
@@JerryBrownTravels and at my age, I may never see the return on a home in Mexico...if i die owning it! We currently live in Oregon but drive to Baja CA Sur and live in and around San Jose Del Cabo, Cabo, East Cape, Todos Santos (etc) for 4 months a year. We rent so we can try out each place (like your lovely Lorie mentioned in a video) and see which area(s) we like. My Father-In-Law is in Memory Care (in USA) and running low on funds from his insurance so we are now looking at moving him to Mexico for long term care. Tonight I plan to rewatch your video's regarding long term care in Mexico too. Keep up the good work
I liked Allan's pragmatic recommendations. Renting does seem much easier than buying and you have the advantage, if something goes wrong, or if you decide you want to leave, of just pulling up stakes and saying, "It was nice while it lasted." We bought in Portugal but that was because we were much younger and had a business and financing here was really easy with very low interest rates. In Mexico I think it would be hard to get financing especially if you were retired and of a more advanced age.
Ray thanks for your comments and thanks for taking the time to make a come. Let me give you one more thank you for subscribing for a month now.
@@JerryBrownTravels You're welcome. You're doing a great job and you deserve all the views and subscribers.
I disagree about the banks! I utilize the Mexican banks as little as possible! I live inland and actually own 2 properties with no problem!
What a great vid! When I come I want to meet all of you, Alan, Queen, Jerry, & Lori!!
Love renting option!
5 year old comment, but such a wonderful informative interview! Thank you!
Wow, thank you!
dang i love you two!
Congrats at 21k subs!!! Another great video.
Dear sweet Browns: I just CANNOT UNDERSTAND WHY smashing the thumbs up👍Button is so difficult for your viewers to do. 40+ thousand views and only 1.2 thumbs up...🤔. PLEASE PEOPLE INTERESTED IN LIFE IN MEXICO - support this cute, giving couple.😍
Wonderful video, too bad it's 3 years old but that's meant I got a lots more to watch, again thank you wonderful people
Glad you enjoyed it
Good Interview Jerry. Thanks for sharing a lot of good information there!
Glad you enjoyed it Chris check out this one you may like it to. Let me know what you think Chris.
Queretaro, Mexico $49k USD, New Condo: Expats Retire & Purchase New Condo th-cam.com/video/aywQpLktiP8/w-d-xo.html
Great interview Jerry. Your guest said that if you rent at the beach for a thousand a month that you could find rentals 50 kilometers inland for fifty dollars. It would be interesting to see some of these fifty dollar a month inland rentals.
I agree. That caught my attention as well.
Patrick Grimes~ Yes, would love to see what some of these "shacks" for $50 a month look like...How about it Jerry and Lori, take us inland 50 kilometers...
Thank you very much. Did you see this video? I know you'll enjoy it. Let us know what you think.
See Secret $800 Vacation Beach Rental th-cam.com/video/9iYUARhVqSA/w-d-xo.html
See Your $68,000 Home Mexico Beach Community th-cam.com/video/oVLR2COOZu8/w-d-xo.html
Yes Jerry I've seen those old videos. What your subscribers would like to see now is the $50 a month rentals your interviewee Alan mentioned.
THATS EXACLY WHAT I WANT , SOMETHING INLAND AT A VERY REASONABLE PRICE. I LIVE IN PHX BUT WOULD LOVE TO RENT IN A OCEAN SIDE AREA IN MEXICO, PREFERABLY SOUTH OF PUERTO PENASCO NO FURTHER THAN BAJIA KINO. WHERE DO I BEGIN TO LOOK?
If you want to make 8% on your money (not guaranteed) buy the stock MXF with your American money. That stock invests in Mexico's banks and various companies. But keep in mind that the higher the interest anyone pays, the greater the risk you take. That just makes sense.
Keep up the good work, Jerry and Lori!
we appreciate you too!
SEE WHY We Chose Mexico: th-cam.com/video/fEKv6enUhTQ/w-d-xo.html
Great info!
Glad it was helpful!
Sage advice.
THANKS SO MUCH FOR THE ADVISE!!!
Happy to help!
I love lo de Marcos sweet memories
Great tips!🧡🦋🌻
Glad you like them!
I want to give you more information in this next video.
Risks of buying real estate in Mexico 2021. Is it Safe to Buy Real Estate in Mexico.
th-cam.com/video/chBUrVvZt48/w-d-xo.html
I'm planning on becoming a citizen and buy a home more tours in land. Could you advise me the best site and videos that could help me find the information. Yes, I have been to Mexico. I tend on going back to pick up my heart
Continental Realty
Owner, Broker: Michael Kavanaugh
continentalajijic.com
Ajijic Rental and Management Company
Mirna Segura Garcia - Rental Manager
ajijicrentalsandmanagement.com
Telephone: (376) 766-1994 If busy, please call (376) 766-1716
Phone From USA & Canada: (877)-613-5985
Fax: (376) 766-1994
Mailing Address:
APDO #577
Ajijic, Jalisco
C.P. 45920 MEXICO
Calle Colon #1
Ajijic, Jalisco
C.P. 45920 MEXICO
He mentioned lake Shasta in ca during summer. (being no worse there..) However ca has very dry heat like AZ and no humidity. I'm interested in knowing where in Mexico has lowest humidity not in high elevations.
I do not recommend using Mexican bank for the bulk of your savings too many games and fees. Have a Mexican account for living expenses. Keep your money in a safe bank and there’s none there
The banks aren't paying anything so that isn't a good investment. I don't know what he is talking about. The banks in Mexico aren't really that safe anyway or any bank for that matter. If they fail you only get 1.65% so your money is not SAFE.
great video
Glad you enjoyed it
Great video and information!!!
Glad it was helpful!
Very good information and ideas. Super
Just subscribed. Awesome videos! 👍
Thanks for describing. Here's a couple videos you may not have seen yet. I've over 500 videos
WHY We Chose Mexico:Jerry & lori th-cam.com/video/fEKv6enUhTQ/w-d-xo.html
We LOST 50% of our RETIREMENT SAVINGS th-cam.com/video/Vipldffrjbc/w-d-xo.html
OUR SECRET Formula Retired In OUR 40s: th-cam.com/video/va9qdPSmKSE/w-d-xo.html
Living on Social Security in San Miguel de Allende, th-cam.com/video/Qz07j86f65I/w-d-xo.html
As a Mexican I like this video💯 I know how some of my people be
LIVING ON $25 A Day : Lo de Marcos Jalisco Mexico” th-cam.com/video/kvSjGRErXEs/w-d-xo.html
visit matanchen nayarit
Good advice. Tell more about buying a car.in Mexico.
Will do!
As usual, good info in a fun manner. Thank you. Is air conditioning rare or common in rentals?
Only in desert areas in the north, most of Mexico has a beautiful warm temperate climate! (64.4 to 82.4 degree F)
Hi Jerry and Lori, I'd love to see some of the rental properties inland from the beach if it's possible. That peaked my curiosity. Great interview by the way! Thanks, Robert
Thank you very much. Did you see this video? I know you'll enjoy it. Let us know what you think.
See Secret $800 Vacation Beach Rental th-cam.com/video/9iYUARhVqSA/w-d-xo.html
See Your $68,000 Home Mexico Beach Community th-cam.com/video/oVLR2COOZu8/w-d-xo.html
Thanks Jerry. Much appreciated!
Robert craig~ Would make a great followup video to this one wouldn't it? We'll see if they actually go inland 50 kilometers to film those $50 a month rentals as Alan in the video stated they we're there. Funny how Jerry keeps dumping old videos in place of a direct answer...
@@mikemcfarlan8555 hi Mike, I agree, $50usd a month is hard to believe. Hopefully Jerry can provide us with a video soon on what is available in that area at that price. I'm thinking the accommodation's at that price point are going to be sparse.
Wish Allen would have elaborated a little on how/where to place your money & earn enough to cover renting.
You need to discuss the interest rate at a Mexican bank. Must pay a lot more?
best one so far!
SEE
5 TIPS RENT or BUY Home Mexico
th-cam.com/video/8ZgDKr-Gr2k/w-d-xo.html
Excellent advice. Great video. Thank you
My pleasure!
Lori and Jerry,
Always enjoy watching your videos.
A while back, you interviewed a dentist, but I cannot find that video. Could you do an updated video on reputable dentists in the Lake Chapala area?
Do you know anything about "dental tour groups"?
Thank you 😊
This is an older video her prices have gone up but you can contact them directly and ask them what do you need to know.
Dentist Mexico th-cam.com/video/gui4II2E1Dw/w-d-xo.html
Great video and super informative !
How much is rent for a nice place buy the beech?
Of course it depends on the town and Low De Markos for a long-term rental four months or more from $700 a month end up.
Great information 😄
Great info in regards to embrace the culture ...
Thank you very much. Did you see this video? I know you'll enjoy it. Let us know what you think.
See Secret $800 Vacation Beach Rental th-cam.com/video/9iYUARhVqSA/w-d-xo.html
Can you give some details on thoose interest account please
Right now the banks are offering 4.8% one year cd. In the next few months I will be doing a video on interest here in the bank and CDs and inflation
@@JerryBrownTravels thank you Jerry for your answer i like to wacth your chanel my wife is from philippines i a french from tahiti new caledonia i don t know France we are plaining after selling my land to live in your area may be south of puerto valarta our best friend is mexican we met him in philippines he was learning english will tell more later sincerally karen and stephane
Omg his cute she is .
Great Advice, Thanks!!!
Glad it was helpful!
Great interview and great information!!!!!!!
Very informative. Thank you.
Thanks for watching!
He stopped mid-sentence when he was talking about summers in Mexico. He said, "It's not the heat...." but he never did say what people don't like about the summers if its "not the heat." Bugs? I know it's humid, but there's the ocean for cooling off.
Everybody has their own temperature gauge within them for me personally where he lives is way too hot and humid for me during the summer months that is a deal during the winter
@@JerryBrownTravels I am familiar with the heat in Mexico in the summer, but I was curious about what he was about to say when he got cut off. He was talking about something other than the heat.
New subbie!
You 2 are so cool.
Love you.
Yayyy hello from San Diego
As always you two are super wonderful people, we appreciate the information very much, but how about you? do you rent or buy your home? Thanks.
We Rent
Thanks
Welcome
Good information.
How do you go about finding a place to rent?
Ajijic Chapala Real estate OR Air B&B
Rentals are little hard-to-find now when you come down use air B&B first and then look for a long-term rental.
Jerry Brown Travels thank you!
Love you Jerry and Lori !!!!!
Thumbs up
Id LOVE to do house sitting anywhere all summer there. Any advice on finding that???
What you need to do is come down maybe read an Airbnb in stark looking at bulletin boards and newspapers and online to see if anything is available for housesitting. You can go online Google that is and type in housesitting in Mexico there are websites available.
Thank you for subscribing.
how about a location that is not humid?
In this video I'm going to send you it definitely is not human and it's at the beach in Mexico.
th-cam.com/video/U4Y7GnfKi54/w-d-xo.html
Thank You So Much🌸
Be very careful who you do $$$ business with everywhere🤑especially in Mexico😭 always check RELIABEL / VERIFIED REFERENCES BEFORE BUYING ANY PROPERTY/ be sure you have a legal & verified contract in writing & certified by a US lisenced attourney🇺🇲
Thanks for your videos.
Hi Jerry what are the bank rates in Mexico? Are they doing better then the US market rates in secure accounts? I'm a bit confused on this..
You can get a CD and get a return 7.75% interest but be careful you have to pay income tax if you live in United States from that income. Check with your bookkeeper, Account first
7.75% is one hell of a return on a CD, i'll have to ask my money guy on that. So almost a 6k return on 100k i wonder how secure that money would be.
I Earn 8% apr daily Interest on my High yield savings account Yeeee
Does anybody know if there is financing for Mexican citizens?
I'm not 100% clear on this but my understanding is that Mexican citizens can apply for a loan on a home in certain parts of their area that they live in. I just looked this up.
Foreigners can secure a credit with a Mexican bank of up to 70% of the value of the property appraisal. It is the same steps to get the mortgage as a Mexican citizen. ... Securing a loan in Mexico will not impact your credit score back home.
@@JerryBrownTravels Thank you soo much. I really appreciate it.
We love you Jerry 😍
It’s not Lo del Marcos! Lo de Marcos
ps Queen is awesome
Thank you!
Good advice - rent for a year and learn the ropes. Buying property on the coast can be hazardous . You will not have clear title. All sorts of BS goes on. On the other hand inland like San Miguel de A. fewer problems although that town is pricey. Caveat for leaving your money in a Mexican bank and drawing high interest - the peso goes through periodic sharp devaluations
good stuff
Nice
So why should I not buy at Lo Marco`s? :)
Do you think that its easy to get to ahhic from valarta ?? How do we get there what airport?
Fly into Guadalajara airport and take a taxi
Its pronounced Ah-hee-heek. Ajijic.
You are right depending what life style you live. Also if you wish to spend all your life there. This is a property you want to die in and think in you later years that it will be all that you need. It may take many years to sell. Depending on price it may take a decade to get what you put into it. I have seen many properties listed for ten years plus. A fire sale will move it way quicker. Homes over 800 k will be on the market longer, unless it ticks off all boxes.
jerry how do you live on 1% interest from the bank
KENNETH BARNEYCASTLE who only makes 1%.
That dude looks to be a badass biker back in the day. Beard and missing front teeth kind of gives it away.
The beard must be quite a sight around the town. A beard like that would be very rare in Mexico. It was hard to see if he didn't have any front teeth but if so, I am surprised, because dental care in Mexico is so cheap. He could easily have implants for around 600 dollars each.
rent first. buy later.
What formula is this. Rent first and get acquainted with the neighborhoods you would like to live in then when you're ready to buy get a home inspection.
Lori 🤣🤣🤣🤣🤣🤣 sorry I can't
I'm not trying to be difficult - but one of the anxieties that face people is that rent will increase at a faster pace than investment income will. This is born out in many places, where tenants were pushed out as rents increased - San Fran, Los Angeles, New York, etc.. then where will you go, keep getting pushed out in a time in your life that you very much want stability and security.. so purchasing the property offers some protection against that happening, and gives stability and predictability in monthly costs.
Very GOOD Thank You
Jim Carry???
SEE How we came to RETIRE at Ajijic, Lake Chapala Jalisco
th-cam.com/video/ylblRstscrQ/w-d-xo.html
7:06 love birds
She cross talking so I cannot understand sometimes
When do you think the property bubble will burst in Mexico?
Ajijic & chapala
Mexican law said than in order to own a mexican land you need to have a mexican citizenship. Inform your self before you do something. I'm a proud mexican. And my kids are from USA. But now they just have their dual nationality. Because tomorrow they are allow to own property in my mexico 🇲🇽