I've learned more in this one video than I have in 100 others on the subject. Thank you. I also didn’t know about pre-construction financing, which would unfortunately be my only option at the moment since Canadian banks don't do out-of-country mortgages...
Thank you for the information and such a great video. I've been looking for a home in Mexico for the past 3 years and I think I found the right on. It's a 12 year old 3 story and large home with a view of the ocean. Situated on the side of a hill. What should I look at inside and outside the home to look for damages or wear. You mentioned the rebar in the wall. How would I know if it's rusted. How would I know if the hillside is stable? Lasty, are there companies that would look over a home to give a report?
Thanks for reaching out, and congrats on finding a potential home! It sounds like a beautiful property, especially with that ocean view and hillside location. Let me break down what you should be looking for when inspecting it, both inside and out: Rebar in the Walls: Homes in Mexico are often built with concrete reinforced by steel bars (rebar), and over time, especially near the coast, these can rust due to the salty air and humidity. You’ll want to keep an eye out for cracks in the walls-especially vertical or diagonal ones-because these can indicate that the rebar inside is expanding due to rust. You might also see rust-colored stains around those cracks, which is another sign of corrosion. If you tap on the walls and hear a hollow sound, that might be another clue. The good news is, you can have a professional inspector or structural engineer check this for you with specialized tools to confirm whether the rebar is rusting without needing to tear anything down. Hillside Stability: Now, since the house is on a hill, it's important to consider how stable that hillside is. You’ll want to check for any signs of movement in the land, like cracks in retaining walls or uneven ground around the property. Water drainage is key here-if the water isn’t draining properly, it can cause erosion or landslides over time. Check for any pooling of water or obvious runoff channels. Also, healthy plants on the hillside are a good sign, as their roots help keep the soil stable. For extra peace of mind, hiring a geotechnical engineer to assess the hillside’s stability would be a smart move. They can tell you if there are any risks with erosion or if the retaining walls need attention. General Wear and Tear: Since the home is 12 years old, you should expect some normal wear and tear. Here are some specific things to look out for: Roof: Water damage is a big one, especially with a view like that-so check the ceilings for any water stains or signs of leaks. Windows & Doors: These can take a beating from the salty air, so make sure to check for rust on the frames and ensure they open and close smoothly. Plumbing: Salty coastal water can corrode pipes over time, so it’s worth checking the water pressure and looking at the condition of any exposed pipes. Electrical: Humidity and salt can also affect the electrical system. Make sure everything is up to code and functioning properly, with no signs of corrosion around outlets or wiring. Professional Inspection: Before you finalize anything, I’d recommend getting a professional home inspection. In Mexico, you can hire licensed inspectors who know exactly what to look for with coastal homes and hillside properties. They’ll give you a full report on the home’s condition. For a hillside property like this, it’s also a good idea to get a structural engineering report. That way, you know for sure that the foundation and overall structure are solid, especially with that beautiful but potentially risky location. If you have any more questions or need recommendations for inspectors or engineers, feel free to ask!
You can own property in Mexico, just not 50km from the ocean line. You can own property if your property is for commercial use and owning a Company (Sociedad Anónima), and LLCs from the US can own the Sociedad Anónima.
Good morning 😊 thanks for sharing such informative information with us. I do have a question for you though. If you are purchasing a property in Mexico as a couple and your spouse is a Mexican citizen do we still need a Fideicomiso?
You mentioned that there are a lot of good development companies with very good track records. In your opinion, what are some of the top development companies you worked with? Who would you recommend in other words? Great video by the way, very informative. Thank you! Following your channel!
@Ernes998 just to throw out a few off the top of my head. EKASAS, MACONDO, SIMCA, DSUR, EMERITA, Just to name a few, and they are in no particular order. Just in case these guys call me and give me greif.
For more information and to stay updated on the latest real estate news and investment opportunities, be sure to follow us on Instagram 👇 @albertorivieramaya @mullerproperties
You know there are positives and negatives to both. The big savings and most common "obvious" is not needing a fideicomiso. That's an immediate 2500usd average savings upfront 1 time charge, and more or less a 500usd per year. But if you want more info do me a favor fill this out. www.playatulumrealty.com/investments
I'm interested in buying land I'm Mexico as a Mexican citizen. I live in the u.s.a and it's a bit frightening not knowing what is Legit and what's a shame. There is this one development that reachd out (Ciudad Cenote) could you tell me anything about this ? And if so.. if it's legit?
Absolutely, I understand your concern. That is literally why I started doing these videos is to try and bring awareness to people wanting to invest here. Let's do this. Puck a day and time on my calander, and let's chat. bit.ly/46SmVD1
This information is misinterpretation of the reality. Foreigners do have title to property by means of a fideicomiso, it is not a lease. This is only for restricted zone property. Ask a Notario, there is alot of misinformation out there.
why i wane hire agent, if I have to do my own home work. This does not make any sense what you saying. Furthermore, 7% notary cost is very high, which means buying property in Mexico is not worth.
Moving to Mexico in 5-7 years. I bought property in Guadalajara. Can’t own a home here or live my American dream. Mexico was a clear choice for me.
This is excellent info
Thank you
This guy is VERY wrong from the beginning.
I've learned more in this one video than I have in 100 others on the subject. Thank you. I also didn’t know about pre-construction financing, which would unfortunately be my only option at the moment since Canadian banks don't do out-of-country mortgages...
There are Mexican banks doing financing. Lets try and sync up. See if I can help you out. Thank you for the positive feedback.
There are Mexican banks doing financing. Lets try and sync up. See if I can help you out. Thank you for the positive feedback.
Liked and subscribe, good information. I gotta ask, what camera do you use, that quality is sharp
I love this guy! His information is so helpful and very clearly explained. I subscribed right away! Thank you :)
Thanks for the sub!
U need more about that
Thank you for the information and such a great video. I've been looking for a home in Mexico for the past 3 years and I think I found the right on. It's a 12 year old 3 story and large home with a view of the ocean. Situated on the side of a hill. What should I look at inside and outside the home to look for damages or wear. You mentioned the rebar in the wall. How would I know if it's rusted. How would I know if the hillside is stable? Lasty, are there companies that would look over a home to give a report?
Thanks for reaching out, and congrats on finding a potential home! It sounds like a beautiful property, especially with that ocean view and hillside location. Let me break down what you should be looking for when inspecting it, both inside and out:
Rebar in the Walls:
Homes in Mexico are often built with concrete reinforced by steel bars (rebar), and over time, especially near the coast, these can rust due to the salty air and humidity. You’ll want to keep an eye out for cracks in the walls-especially vertical or diagonal ones-because these can indicate that the rebar inside is expanding due to rust. You might also see rust-colored stains around those cracks, which is another sign of corrosion. If you tap on the walls and hear a hollow sound, that might be another clue. The good news is, you can have a professional inspector or structural engineer check this for you with specialized tools to confirm whether the rebar is rusting without needing to tear anything down.
Hillside Stability:
Now, since the house is on a hill, it's important to consider how stable that hillside is. You’ll want to check for any signs of movement in the land, like cracks in retaining walls or uneven ground around the property. Water drainage is key here-if the water isn’t draining properly, it can cause erosion or landslides over time. Check for any pooling of water or obvious runoff channels. Also, healthy plants on the hillside are a good sign, as their roots help keep the soil stable. For extra peace of mind, hiring a geotechnical engineer to assess the hillside’s stability would be a smart move. They can tell you if there are any risks with erosion or if the retaining walls need attention.
General Wear and Tear:
Since the home is 12 years old, you should expect some normal wear and tear. Here are some specific things to look out for:
Roof: Water damage is a big one, especially with a view like that-so check the ceilings for any water stains or signs of leaks.
Windows & Doors: These can take a beating from the salty air, so make sure to check for rust on the frames and ensure they open and close smoothly.
Plumbing: Salty coastal water can corrode pipes over time, so it’s worth checking the water pressure and looking at the condition of any exposed pipes.
Electrical: Humidity and salt can also affect the electrical system. Make sure everything is up to code and functioning properly, with no signs of corrosion around outlets or wiring.
Professional Inspection:
Before you finalize anything, I’d recommend getting a professional home inspection. In Mexico, you can hire licensed inspectors who know exactly what to look for with coastal homes and hillside properties. They’ll give you a full report on the home’s condition. For a hillside property like this, it’s also a good idea to get a structural engineering report. That way, you know for sure that the foundation and overall structure are solid, especially with that beautiful but potentially risky location.
If you have any more questions or need recommendations for inspectors or engineers, feel free to ask!
You can own property in Mexico, just not 50km from the ocean line. You can own property if your property is for commercial use and owning a Company (Sociedad Anónima), and LLCs from the US can own the Sociedad Anónima.
Thanks for pointing that out!
Good morning 😊 thanks for sharing such informative information with us. I do have a question for you though. If you are purchasing a property in Mexico as a couple and your spouse is a Mexican citizen do we still need a Fideicomiso?
Not at all
@@mullerproperties-realestateAwesome thank you!
Can you sell the property under the fi de commisso
Absolutely
You mentioned that there are a lot of good development companies with very good track records. In your opinion, what are some of the top development companies you worked with? Who would you recommend in other words?
Great video by the way, very informative. Thank you! Following your channel!
Send me an email alberto@playatulumrealty.com 📧 I can give you a list of good developers that we work with.
@Ernes998 just to throw out a few off the top of my head. EKASAS, MACONDO, SIMCA, DSUR, EMERITA, Just to name a few, and they are in no particular order. Just in case these guys call me and give me greif.
Are you familiar with Puerto Peñasco, if so is it a good investment there?
Hello. I am absolutely very familiar with the location. Let's set up a call and chat.
Looking to become a resident, can you share how to start the process. Then I will buy a place to live.
Of course. Send me an email, and I will reply with a reliable contact in immigration.
Alberto@playatulumrealty.com
For more information and to stay updated on the latest real estate news and investment opportunities, be sure to follow us on Instagram 👇
@albertorivieramaya
@mullerproperties
Is the process smoother with Mex citizenship?how much money can I save with citizenship?
You know there are positives and negatives to both. The big savings and most common "obvious" is not needing a fideicomiso. That's an immediate 2500usd average savings upfront 1 time charge, and more or less a 500usd per year. But if you want more info do me a favor fill this out. www.playatulumrealty.com/investments
Great information! How do I find a real estate agent in Mexico residing in the US? Do you have a recommended real estate agent in Guadalajara?
I'm interested in buying land I'm Mexico as a Mexican citizen. I live in the u.s.a and it's a bit frightening not knowing what is Legit and what's a shame. There is this one development that reachd out (Ciudad Cenote) could you tell me anything about this ? And if so.. if it's legit?
Absolutely, I understand your concern. That is literally why I started doing these videos is to try and bring awareness to people wanting to invest here.
Let's do this. Puck a day and time on my calander, and let's chat. bit.ly/46SmVD1
@jesusneri8415 send me an email let's chat. Alberto@playatulumrealty.com
Rhubarb? Pie? No wonder the slabs are cracking. 😂 Oh. Rebar.
Haha yea
This information is misinterpretation of the reality. Foreigners do have title to property by means of a fideicomiso, it is not a lease. This is only for restricted zone property. Ask a Notario, there is alot of misinformation out there.
Sorry I wasn't clear. But yes, through a fideicomiso, you can own land. Deed in trust.
"Promo sm" 😣
why i wane hire agent, if I have to do my own home work. This does not make any sense what you saying. Furthermore, 7% notary cost is very high, which means buying property in Mexico is not worth.
For some, it's not. You're absolutely right. Thanks gor watching
You apparently are broke only wealthy people buy in Mexico