Build a house/airbnb

Go Back   Expat Forum For People Moving Overseas And Living Abroad > Americas > Mexico Expat Forum for Expats Living in Mexico

Mexico Expat Forum for Expats Living in Mexico With an area of two million square kilometers, Mexico is the fifth largest country in the Americas and has a larger population of US and Canadian expats than any other country.

Like Tree3Likes
  • 3 Post By RVGRINGO

Build a house/airbnb


Reply
 
Subscribe to this Thread Thread Tools
  #1 (permalink)  
Old 21st January 2020, 08:05 PM
New Member
 
Join Date: Jan 2020
Posts: 1
Rep Power: 0
JDC1965 is on a distinguished road

Wink Build a house/airbnb

Hi,
I am going to build a house to live in Valladolid, Mexico. I'm also going to build guest houses and will rent them out via Airbnb or the like.
I need to set everything up. How should I hold the land? In an individual name, corporation, or trust? I want to avoid as much red tape with obtaining permits, hiring, taxes, etc. as possible but still be in compliance legally.
Can anyone help me?
Thanks!
Jim

Reply With Quote Quick reply to this message
  #2 (permalink)  
Old 22nd January 2020, 09:54 PM
New Member
 
Join Date: Jan 2020
Location: uk
Posts: 7
Rep Power: 0
amphius is on a distinguished road
1 likes given

Users Flag! Originally from uk. Users Flag! Expat in mexico.
Default

I'm also beginning to toy with the idea of buying some land building in Mexico. I'm interested in the replies to your questions.

Reply With Quote Quick reply to this message
  #3 (permalink)  
Old 23rd January 2020, 03:54 PM
Member
 
Join Date: May 2007
Location: 13 yrs Chapala,4 in AZ, Now TX
Posts: 6,672
Rep Power: 3591
RVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond repute
2099 likes received
2796 likes given

Users Flag! Originally from usa. Users Flag! Expat in mexico.
Default

To do anything "lucrative" in Mexico will require everything that you seem to want to avoid, plus the fact that you must have a temporary residence visa with permission to work, or a permanent residence visa which allows working. You may apply for approval at a Mexican Consulate in your home country.

Reply With Quote Quick reply to this message
Sponsored Links
Advertisement
 
  #4 (permalink)  
Old 3rd February 2020, 08:40 PM
New Member
 
Join Date: Oct 2016
Location: Mexico
Posts: 3
Rep Power: 0
davcor is on a distinguished road
1 likes given

Users Flag! Originally from usa. Users Flag! Expat in mexico.
Default

Easiest way is to become a citizen of Mexico. Then you can do it all easier. You can even own land in the restricted coastal areas. But, it takes some time to get Naturalization papers. If you want to build soon you will need a trust, not cheap and you do not have title to the property. There are other ways that are really not safe. Up to you.

Reply With Quote Quick reply to this message
  #5 (permalink)  
Old 16th February 2020, 08:24 PM
Member
 
Join Date: Sep 2016
Location: SW Florida
Posts: 303
Rep Power: 0
DiverSailor123 is on a distinguished road
87 likes received
116 likes given

Users Flag! Originally from usa. Users Flag! Expat in mexico.
Default

Unless the Federal law is different state to state and that would make no sense .. You legally cannot rent property held in a Fidieocomiso https://www.mdtlaw.com/images/upload...deicomiso1.pdf That said this "Law" is in annual flux state of change..

Reply With Quote Quick reply to this message
  #6 (permalink)  
Old 17th February 2020, 03:51 PM
Member
 
Join Date: May 2007
Location: 13 yrs Chapala,4 in AZ, Now TX
Posts: 6,672
Rep Power: 3591
RVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond reputeRVGRINGO has a reputation beyond repute
2099 likes received
2796 likes given

Users Flag! Originally from usa. Users Flag! Expat in mexico.
Default

Quote:
Originally Posted by DiverSailor123 View Post
Unless the Federal law is different state to state and that would make no sense .. You legally cannot rent property held in a Fidieocomiso https://www.mdtlaw.com/images/upload...deicomiso1.pdf That said this "Law" is in annual flux state of change..
The use of a corporation as the actual owner may solve that problem, but create others.

Reply With Quote Quick reply to this message
  #7 (permalink)  
Old 18th February 2020, 11:04 PM
New Member
 
Join Date: Jan 2016
Location: Winnipeg
Posts: 9
Rep Power: 0
SooozyQ is on a distinguished road
1 likes received

Users Flag! Originally from canada. Users Flag! Expat in mexico.
Default

Quote:
Originally Posted by DiverSailor123 View Post
Unless the Federal law is different state to state and that would make no sense .. You legally cannot rent property held in a Fidieocomiso https://www.mdtlaw.com/images/upload...deicomiso1.pdf That said this "Law" is in annual flux state of change..
Valladolid is not within the distance that requires a Fidieocomiso.

Reply With Quote Quick reply to this message
Reply


Tags
airbnb, build a house

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Expat Forum For People Moving Overseas And Living Abroad forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:
Location
Where you live
Expat From Country
Please select the country you originate from. This will appear as a flag when you make posts on the site.
Expat To Country
Please select the country you have either moved to or want to relocate to. This will be presented on the site when you make posts.

Log-in


Thread Tools

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


FORUM PARTNERS

ExpatForum.com is owned and operated by VerticalScope Inc.

Retiring Overseas Guides | Moving Overseas Guides | Cost of Living | Health Care Guides


All times are GMT. The time now is 06:30 AM.


Powered by vBulletin®
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.