Cashing In On a Second Home in Central America: How to Buy, Rent and Profit in the World's Bargain Zone

Cashing In On a Second Home in Central America: How to Buy, Rent and Profit in the World's Bargain Zone

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Overview

In their newly updated book Cashing In on a Second Home in Mexico - How to Buy, Rent and Profit from Property South of the Border, authors Tom Kelly and Mitch Creekmore guide readers on topics like safely holding property in Mexico's restricted zone, how to research property for purchase, and navigating the nuances of the Mexican closing process.

"This book clarifies and explains why Mexican real estate, when using proper safeguards, can be a terrific, secure investment," said Creekmore, who has
spent the past 15 years working to provide title insurance policies for
Americans and Canadians in Mexico. "It will also explore the purchasing
mistakes of the past, summarize several of the attractive new locations that
are luring foreign dollars and explain why Mexico is so eager to welcome
second home buyers from outside its borders."

The worst thing a potential purchaser can do is to remain ignorant of the
law and procedures involved in the conveyance of real estate in a foreign
country. As we state several times in this book, Mexico is not the perceived
"Wild West" where anything goes and the prevailing Mexican attitude is
"trust me, no problema." It is inherently important for non-Mexican buyers
to understand that Mexico has formality of law with authorized regulation of
real estate development procedures at all levels. This process is coupled
with a statutory government framework for the legal conveyance of real
property.

Great personal wealth has been attained through real estate ownership, but
for most of us, it has been limited to investment in a primary residence.
Although Mexican real estate also can be a viable investment venue,
Americans have had a great deal more trepidation considering properties
"south of the border." And for good reason-considering the history of some
acquisitions.

Given today's investment climate, however, Mexico provides an attractive,
alternative arena for potential investment. Real estate in Mexico should
have a similar appreciation "upside" as does real estate in a U.S.
development-coupled with the advantage of use and enjoyment of the property
as a vacation residence. This book clarifies what's possible.

Product Details

BN ID: 2940013533479
Publisher: eBookIt.com
Publication date: 11/28/2011
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 290
File size: 3 MB

About the Author

Tom Kelly is a nationally syndicated newspaper columnist and radio talk show host. He served The Seattle Times readers for 20 years—several as real estate editor—and his work now appears in the The Houston Chronicle, The Washington Post, The Portland Oregonian, The Miami Herald, The Tacoma News Tribune, The Louisville Courier- Journal, plus more than two dozen other newspapers.

Tom's award-winning radio show, "Real Estate Today," recently began its 17th year on the CBS affiliate in Seattle. He is the author of The New Reverse Mortgage Formula (John Wiley & Sons), Real Estate for Boomers and Beyond (Kaplan Publishing), and co-author of How a Second Home Can Be Your Best Investment (McGraw-Hill) and co-author with Mitch Creekmore of Cashing In on a Second Home in Mexico (Crabman Publishing).

Mitch Creekmore is senior vice president and director of international business development for Stewart International, a world leader in title insurance and other real estate information services. He joined Stewart Title Guaranty Company in 1994 and has been responsible for the development of the company's marketing strategy with implementation of the business plan for Stewart-Mexico. His primary effort has been to enlighten the international legal and real estate community about the availability and benefit of title insurance. He has been a licensed real estate broker for more than 20 years.

Jeff Hornberger is the National Association of Realtors' International Market Development Manager, with a specific focus on Latin American and European markets. Jeff holds a M.S. in Business Management from United States International University in San Diego, and B.A.s in Economics, Latin America Area Studies and Spanish from the University of Wisconsin.

Jeff has lived in Argentina, Spain, and Mexico and is fluent in Portuguese and Spanish. Based at NAR's Chicago headquarters, Jeff is responsible for managing NAR's programming in Latin America and Europe. Jeff has visited Central America dozens of times and is quoted in numerous publications about Central America real estate issues, including The New York Times, the International Herald Tribune, and Business Week. He has invested in real estate in Central America.

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