Seller Tip
 ''Mexico's tax code on property taxes changed dramatically in February 2010, and again this past few months (Nov. 2013 law taking effect on Jan. 1, 2014). The changes nullified most internet advice given before February, and makes much current internet advice suspect. This article addresses some of the current tax requirements and rules, and it also addresses the tax differences between Visitante, Residente Temporal, and Residente Permanente INM Residency Card options.'' |
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Buyer Tip
Safe ways to invest money in overseas property''Invest only in those properties that you believe to be the most profitable ones. If you are planning to allow tourists to use your property, then decide on the kind of people you want to rent out to. They may be retired professionals or newly-weds, but you must get in touch with local brokers or agents to find out the preferred amenities of a particular group.''
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Rental Tip
''Buying a home is a big decision. You'll want to learn what you can about the local housing market, including the pricing trends, the school district and the property taxes. Another thing to consider is how well you know the home itself. Sure, that roof looks good, but an expert may tell you it needs to be replaced soon. That's not the kind of surprise you want after you've spent a lot on a down payment.''
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Hola amigos!
And the good news keeps coming! Possibly the biggest announcement since the Durango highway opening is that the US travel alert has finally excluded Mazatlan! It's about time! Then we heard that Carnaval Cruise Lines is returning to Mazatlan in the fall with a year round schedule. Yippee!
This is the week the agents get to share their favorite properties and they picked some excellent ones! Contact us and we will be happy to send you more information or schedule a showing!
Have a fabulous weekend!
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Agent Picks of the Month!
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Paraiso Costa Bonita 104A
3 bedroom / 3 bathroom
$399,000 USD - REDUCED!!!!
Agent Comments:
Looking for a condo to both enjoy and make money by renting it out? This recently reduced condo has an EXCELLENT rental history- over $30K of gross rental revenue last year- (listing #414296 on VRBO.com). Check out the availability calendar and guest reviews to see for yourself!
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Las Mananitas #4
2 bedroom / 2 bathroom
$199,900 USD - Million Dollar Views!
Agent Comments:
Are you searching for a small, intimate, condominium complex on the beach in Mazatlan that is walking distance to almost everything you could need? Look no further! You can watch the sun set over Las Tres Islas from your balcony, then take a short stroll for your shopping, dinner or entertainment options! This is a really good price for beachfront!
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Costa Bonita 301A
2 bedroom / 2 bathroom
$172,900 USD - Reduced and Turn Key!!
Agent Comments:
This is a great condo to buy if you want to live in Mazatlan with full resort amenities without spending a fortune! The condo has recently been repainted (May 2013) and has also enjoyed some upgrades (new artwork, bathroom upgrade, flat-screen TV, newer leather sofas). It is in excellent condition and ready for your vacation use.
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''Recent changes in the law governing what non-Mexicans may or may not drive in Mexico are fairly clear. Yet essential communication on this important subject is not readily available in English. Furthermore, several important administrations including Immigration, Customs, Border Control, State and local tax offices, not to mention a bewildering number of police forces are involved, so very few have the broad picture covering each potentially hazardous step. "
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"The United States, Canada and Mexico have adopted a set of principles and guidelines on how the three countries' governments will share in advance public information and communications products during health emergencies of mutual interest. U.S. Health and Human Services Secretary, Canada's Minister of Health and Mexico's Secretary of Health signed a Declaration of Intent, formally adopting the principles and guidelines, at a trilateral meeting today during the 67th World Health Assembly in Geneva, Switzerland."
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''Approval of the legislation will make it easier for "both large companies with cutting-edge technology and those who want to put a solar panel on the roof of their house to do so, to acquire a solar heater or to lease a part of their land for wind generation," Coldwell said. Only 24 of the nearly 200 countries in the world use geothermal resources to generate electricity, with Mexico ranking fifth on the list, the energy secretary said."
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