5 ms·
> I'm about 90% sure you have to be a Mexican citizen to own land in Mexico It's a little more nuanced. My understanding is that if you're near the water (wher
by harambae 5y ago
> I'm about 90% sure you have to be a Mexican citizen to own land in Mexico
It's a little more nuanced. My understanding is that if you're near the water (where you probably want to own in Mexico) you can't directly buy but can set up a trust ("fideicomiso") that owns the land. Not sure how big of a deal that is.. never done it personally.
- toomuchtodo 5y agoWithin 31 miles of the coastline or 62 miles of an international border. Costs about $1000USD to setup a bank managed trust as part of a real estate transaction and $500USD/year in ongoing costs.
- xid7ehr 5y ago