Customer Reviews

Cashing In on a Second Home in Mexico: How to Buy, Rent and Profit from Property South of the Border

5 star:		(10)
4 star:		(2)
3 star:		(1)
2 star:		(3)
1 star:		(0)

 

 

I found this book very straight forward, full of relevant informations, organized and very clearly communicated facts to readers.
This book does it well, it explains the Mexican laws regarding foreigner purchasing real estate, the fideicomiso, the importance of due dilligence related to recorded deeds, title insurance, and the common misconceptions foreigners have about the law. The book also explains different type of homeownership purposes such as vacation home, retirement home, rental property investment and how to carefully plan your foreign real estate investment. Financing options were also discussed in this book as far how it can be financed through many different options such as equity loan from current home, self directed real estate IRA, mortgages, and more.
There are many different topics discussed in this book that I would never have thought of before until I read this book.
Tom Kelly has a knack and national reputation for his ability to communicate facts well to his readers through his nationally syndicated real estate columns. He takes no sides and is unbiased and down to earth. While reading the book, I felt like he was my 'mentor' about Mexican real estate.
Since I am the listing broker for a development in Manzanillo, I have been to several Mexican real estate related seminars, most of them are good but I have found many more useful references and information in this book to help train my sales team and/to educate our clients and potential prospects. We always recommend our prospects to buy the book because it does the job very well. After our clients has read the book, they have much less questions for my sales team and buy properties with more confidence. Anybody thinking about buying in Mexico should read through this book first and start off on the right foot and save themselves a lot of time.

Congratulations to Tom Kelly and Mitch Creekmore for writing a book that is a guideline for investing in Mexico. This book is a MUST read if you are thinking about buying south of the U.S. border - whether you be a second home buyer, an investor, a developer, a banker, or just interested in Mexico.
As a developer in Mexico, I've learned the Number One need for all who inquire about Mexico is accurate information and knowledge. Many requirements have changed to make purchasing in Mexico safe and profitable. While much of Mexico can be a great investment, this book takes your through the proper steps to be successful. As some analysts have stated "Mexico is the baby boom generation's Florida or Arizona." This book is an easy read and a book you will return to often for details on financing, rental ideas and taxes. It also gives some opinions on the best areas with the opportunity for appreciation. Mexico is much like to United States. It features many different states, all with their own amenities and cultures. This book gives you a flavor for what you can expect. For example, the state of Colima is the safest state in all of Mexico and has low unemployment. It also features a wonderful, year-round climate and is located on the same latitude as Hawaii. This book really has it all - and it will make or save you MONEY.



Bob Koens, Minnetonka, Minn.

I "bought" a home in Puerto Pensaco two years ago. I am still trying to get my Fideicomiso. While everything looks like it will turn out ok, I sure wish i had read this book first. If nothing else I would have understood the process better and would have know what questions to ask and what documents to look for.

A very informative book and I highly recommend it to anyone thinking about buying in Mexico. It will increase you comfort level trmendously.

This book is full of up to date info regarding the purchasing and renting real estate in various parts of Mexico. It has maps for locations and recent rules and regulations of real estate shopping. It is well laid out and well done. I would recommend it to anyone who is thinking of moving to Mexico and possibly staying there for an extended time. Thank you, Tom Kelly, for sharing your knowledge of a beautiful and cultural country for relocation.

This book cleared up many misconceptions about buying properties in Mexico. I feel that with a U.S. Tile Company and a lawyer, I can move ahead buying property with less fear. I also liked the analysis of each potential investment location i.e. what to do, crime stats, hotels, and were to look on-line. I couldn't put the book down!

The booming real estate market in Mexico is attracting worldwide attention. Not surprising, especially to us Minnesotans, the prospect of great weather, potential returns on investment, and ownership benefits are tempting. As a Realtor resource for Minnesota listed in the book, I compliment Kelly in getting the reader to see Mexico in light of today's realities and for his numerous doses of caution to be an informed consumer. His overview of tax issues and finding sources of funding for the purchase are terrific. When markets are hot it is critical to have professional agents and notarios working for your interests...especially when the hot market is also outside the USA. Quality referrals to professionals in the part of Mexico you have interest will result in firm deals, faster deals, and legal deals. When you combine the book's information with some personal travel and then add quality agents and attorney review (preferrably in the USA with lawyers able to counsel on Mexican law - not too common) the end result is cashing in on your own investment in Mexico. Hasta luego!

This book has good information about real estate ownership and purchase in Mexico, but it is repetitive and constantly touts Stewart Title. I felt like the book should have been edited to a fifth the size and given free.

Deftly co-authored by Tom Kelly and Mitch Creekmore, Cashing On A Second Home In Mexico: How To Buy, Rent And Profit From Property South Of The Border is an innovative and direct guide for profitable proper purchases and business procedures reflecting the current economic realities of Mexico. Introducing the reader to many knowledgeable tactics and expert strategies, Cashing On A Second Home In Mexico clearly describes to readers the most effective and financially frugal tricks and techniques to acquire cheap and prosperous housing. Cashing On A Second Home In Mexico is very strongly recommended reading for aspiring house-owners of Mexico, as well as and particularly to prospective realtors wishing to move a portion of their operation to Mexico for its highly detailed and authoritative exploration of the potentially prosperous selling of housing in Mexico.

I am in the process of buying a house in Mexico. I am buying in Baja and the info in the book really helped me. So far, so good. Fortunately, I'm buying from a reputable developer and my purchase so far has been exactly the way the book detailed that it should go. I think this is a great book to show you what the sale should look like so that you can tell when it is legit or not. Great info source.

It deserves 3 stars because it did contain some useful information which was unknown to me, however it wasn't that great of a read. There are not a whole lot of books on buying a home in Mexico so this one will have to do for now.