Real Estate Without Borders: Recent Episodes

Fletcher Wheaton

This podcast is for people who are living or want to be living an international lifestyle. Whether that is buying real estate outside of the United States or investing outside of your traditional market, this podcast is for those seeking to understand global markets and thrive.

Can you get a mortgage as an American in Mexico?

Yes, it is possible for an American to obtain a mortgage in Mexico to purchase property there. However, the process can be more complex than getting a mortgage in the United States, and the requirements may vary depending on the lender and the type of property being purchased.

In general, non-Mexican citizens are required to obtain a permit from the Mexican government in order to purchase property in Mexico. This permit is known as a "Fideicomiso" and is a legal trust that allows foreigners to hold real estate in Mexico. Once the Fideicomiso is established, a lender may be willing to provide a mortgage to the foreign buyer.

To obtain a mortgage, the lender will typically require the same types of documentation and information as they would for a mortgage in the United States. This includes proof of income, credit history, and other financial details. However, lenders in Mexico may also require additional documentation, such as a statement from a Mexican bank indicating that the buyer has sufficient funds to cover the purchase and associated costs.

It is important to note that interest rates on mortgages in Mexico may be higher than in the United States, and fees and closing costs may also be higher. Additionally, the process of obtaining a mortgage in Mexico may take longer than in the United States, so it is important to plan accordingly. It may be helpful to work with a local real estate agent or attorney who is familiar with the process of purchasing property and obtaining a mortgage in Mexico.

Fletcher Wheaton cabokey.com

Alex Koper Moxi.global

Get in touch with Fletcher Wheaton for help with real estate in Los Cabos at cabokey.com

Being a landlord can come with a variety of struggles and challenges. Here are some of the most common ones:

Finding good tenants: One of the biggest challenges for landlords is finding reliable, trustworthy tenants who will take care of the property and pay rent on time. Screening potential tenants can be time-consuming and requires a lot of attention to detail.
Dealing with difficult tenants: Even with the best screening process, there is always the possibility that a tenant will be difficult to work with. This can include late rent payments, property damage, and noise complaints.
Maintenance and repairs: Landlords are responsible for maintaining the property and making any necessary repairs. This can be costly and time-consuming, especially if the property is older or requires frequent maintenance.
Keeping up with regulations: Landlords must comply with a variety of regulations, including building codes, safety standards, and fair housing laws. Keeping up with these regulations can be challenging, especially if they vary by state or municipality.
Dealing with evictions: If a tenant violates the terms of the lease or fails to pay rent, the landlord may need to pursue an eviction. This process can be lengthy and expensive, and it can be emotionally challenging for both the landlord and the tenant.
Financial risks: Owning rental property comes with financial risks, such as vacancy periods, property damage, and unforeseen expenses. Landlords must be prepared to manage these risks and have a financial cushion in case of emergencies.

Overall, being a landlord can be rewarding, but it also requires a lot of hard work and attention to detail. It's important to be prepared for the challenges that come with being a landlord and to have a plan in place for managing them.

Get in touch with Dandan Zhu at dandanzhu.com

Real estate investing in single family rentals can be a lucrative strategy for generating passive income and building long-term wealth. Here are some tips and considerations to keep in mind:

Location is key: Choose a desirable location with a strong rental market, good schools, low crime rates, and easy access to amenities.
Research the local rental market: Determine the average rental rates, vacancy rates, and demand for rental properties in the area.
Evaluate the property: Look for properties that are in good condition and have desirable features such as updated appliances, modern finishes, and ample storage space.
Crunch the numbers: Consider all of the expenses associated with owning and renting out the property, including mortgage payments, property taxes, insurance, maintenance, repairs, and vacancy costs. Make sure the rental income will cover these expenses and leave you with a positive cash flow.
Hire a property manager: Consider hiring a property manager to handle day-to-day tasks such as finding and screening tenants, collecting rent, and handling maintenance requests.
Consider financing options: Explore your financing options, such as conventional mortgages, FHA loans, or cash purchases. Each option has its own advantages and disadvantages, so it’s important to weigh them carefully.
Think long-term: Real estate investing is a long-term game. Consider the potential for appreciation in the property’s value over time, as well as the tax benefits of owning rental property.

Remember, real estate investing is not without risks. It’s important to thoroughly research and understand the local market, the property, and the financial implications before investing in a single family rental property.

Get in touch with Marco Pfeiffer on LinkedIn.

Get in touch with Fletcher Wheaton at cabokey.com

Fletcher Wheaton and Dave Costa discuss the risks of buying pre-construction real estate in Mexico. Contact Fletcher Wheaton at cabokey.com and Contact Dave Costa at bestdealmexico.com.

Preconstruction risks in Mexico can vary depending on the specific project and location. However, some common preconstruction risks in Mexico include:

Political and economic instability: Mexico's political and economic landscape can be unpredictable, and changes in government policies or economic conditions can impact the feasibility and viability of construction projects.
Regulatory and legal risks: Mexico's regulatory and legal environment can be complex, and compliance with regulations and obtaining necessary permits and approvals can be time-consuming and costly.
Infrastructure deficiencies: In some areas of Mexico, the infrastructure may be insufficient to support new construction projects, which can result in delays and additional costs.
Labor and safety issues: Labor shortages and safety concerns can be preconstruction risks in Mexico, particularly in the construction industry, where accidents and injuries can occur due to inadequate safety measures.
Environmental risks: Environmental regulations and concerns are increasing in Mexico, and construction projects may be subject to environmental assessments and compliance requirements.

To mitigate these risks, it is important to conduct thorough due diligence and risk assessments before starting any construction project in Mexico. This may include working with experienced local partners, seeking legal and regulatory advice, and carefully evaluating the feasibility and viability of the project in light of potential risks.

Real Estate in the Riviera Maya with Dave Costa. Contact Dave Costa at dave@bestdealmexico.com

Tulum and Playa del Carmen are both popular tourist destinations located on the eastern coast of Mexico's Yucatan Peninsula. They are known for their beautiful beaches, warm climate, and rich culture, which makes them attractive locations for real estate investment.

In recent years, the real estate markets in Tulum and Playa del Carmen have experienced significant growth, driven by an increase in tourism and a growing interest in vacation homes and investment properties. Many investors and buyers are drawn to the area's favorable exchange rate, low property taxes, and low cost of living compared to other beachfront destinations.

The real estate market in Tulum has seen a surge in popularity in recent years, with many new developments being built in the area. While property prices have increased, they are still relatively affordable compared to other popular beach destinations. Tulum's eco-friendly approach and bohemian vibe are also major attractions for buyers.

Playa del Carmen, on the other hand, has a more established real estate market and a wider range of properties available. Many buyers are drawn to Playa del Carmen's vibrant nightlife, excellent shopping, and wide variety of restaurants and bars. The area's proximity to Cancun International Airport also makes it an attractive location for investment.

Both Tulum and Playa del Carmen offer a range of properties, including condos, villas, and single-family homes, with a range of prices to suit different budgets. However, it is important for buyers to do their due diligence and work with a reputable real estate agent or lawyer to ensure a smooth and successful transaction.

How are the real estate sales on the MLS in Cabo in 2022? Real estate in Cabo and the entire Baja California Sur peninsula remains very strong despite economic headwinds in the United States. I see the real estate market in Cabo finishing the year strong and to repeat the record breaking numbers we saw in 2021.

Check out this podcast episode to hear the sales #'s for real estate in Los Cabos.

For real estate help in Cabo, reach out to Fletcher Wheaton at cabokey.com

Buying pre-construction real estate in Cabo can provide some great opportunities and the ability to get in at a discounted price. But pre-construction also comes with risk. Be sure to work with someone who knows the local developers and knows what to look out for. This podcast episode helps you to better understand the risk reward scenario for buying pre construction real estate in Mexico. Buying into a fractured development is a very painful experience and should be avoided at all costs.

Contact Fletcher Wheaton at cabokey.com for more help with buying real estate in Los Cabos.

Where is El Tezal in Cabo San Lucas?

Why is Tezal such a desirable area to live in Cabo San Lucas?

What is the best area to own real estate in Cabo?

Do locals or just tourists live in Tezal?

These questions are answered in this episode of Real Estate Without Borders.

For help with real estate in Los Cabos, please contact Fletcher Wheaton at cabokey.com

How is the real estate market in Los Cabos?
This episode will answer that question.

Puerto Vallarta real estate veteran Gary Shirk interviews Fletcher Wheaton about the current trends we are seeing in the real estate market of Baja California Sur. The following topics are discussed:

Why is Cabo such a great real estate market to own in?

2. How strong is the rental market in Cabo?

How does the tourist season compare to slower season in Los Cabos?
Some good tips for buying real estate in Cabo San Lucas, San Jose del Cabo, Todos Santos / Pescadero, East Cape and La Paz.

5. Talk about the explosive growth in the real estate market in Baja California Sur.

And much, much more! Tune in now.

To get in touch with Fletcher Wheaton, please visit cabokey.com and drop him a message.

How is the real estate market in Puerto Vallarta?

We have on Gary Shirk, a real estate agent in Puerto Vallarta, to discuss the market and what to expect going forward.

We touch on:

The rental market in Puerto Vallarta.
Pre-construction condos in Puerto Vallarta.
Does Puerto Vallarta have an MLS system?
What are some up and coming areas around Puerto Vallarta?
Is Punta Mita a good real estate market?

This is and much more. Follow Gary Shirks youtube channel. You can find his contact information on his youtube as well.

Contact the host Fletcher Wheaton at cabokey.com. Fletcher Wheaton is a real estate expert based in Los Cabos, Mexico.

Maurice Philogene is an entrepreneur, real estate investor and world citizen. Listen to his story about how he has achieved financial freedom through real estate. He is also currently on his third real estate development project on the island of Cyprus.

Follow Maurice Philogene on LinkedIn and follow him on Instagram here: https://www.instagram.com/mauricephilogene/.

Follow Fletcher Wheaton on LinkedIn or visit his webpage at cabokey.com.

The dangers of Ejido Land in Mexico

Real Estate attorney Eduardo Tapia discusses the dangers of buying Ejido Land in Mexico. Whenever you buy land in Mexico, especially off market and unlisted land, make sure you have an attorney present to view documents and make sure the land is titled properly.

There are many nightmare scenarios involving Americans or Canadians trying to buy ejido land in Mexico. Make sure you consult a legitimate real estate lawyer in Mexico when purchasing real estate or raw land.

Contact real estate attorney in Cabo Eduardo Tapia at jetzlaw.com or email him at info@jetzlaw.com. For legal help with real estate in Los Cabos, visit jetzlaw.com. Eduardo can help you feel confident that you are purchasing real estate in Mexico safely.

To get listings for real estate in Los Cabos or real estate in Mexico, contact Fletcher Wheaton at cabokey.com

Real Estate Attorney Eduardo Tapia answers some common questions that American and Canadian buyers have asked me recently. To get in touch with real estate attorney Eduardo Tapia, email him at info@jetzlaw.com .

“We are buying a condo in Cabo as an investment and for personal use. I am a dual citizen of the United States and Mexico, and my wife is American. Do I need to open up a fideicomiso? What are the downsides to putting it in my name as a Mexican citizen vs a fideicomiso? Do I need a will?
“I bought a pre-construction condo 2 years out from delivery. I will be taking delivery in 4 months and the prices have risen significantly. Are there any legal or tax advantages to selling the condo before I take delivery?”
“Is there any way I can guarantee my ocean view? How should I be investigating the land in front of mine? If the land is zoned for 2 story residential homes, can I be confident that the zoning won’t change in the future?”
“When I sell my property, should I see an attorney or accountant if I think my capital gains tax amount is high? Is it common to have these assessments lowered?"
“What is up with all of these incomplete developments? Why don’t investors or savvy buyers purchase them and renovate these run-down properties? In the US, it is very easy to buy a project like this and finish it but in Los Cabos and Mexico, it must be harder to do since there are many half finished projects”.

If you need help with buying real estate in Los Cabos, contact Fletcher Wheaton at cabokey.com

We’re talking today with Greg Gunter in San Miguel de Allende—that’s in central Mexico—and he’s the Lifestyle Broker and Owner of the first & flagship office in Mexico for Berkshire Hathaway HomeServices. Greg spent nine years as the top producer in his local market and the #2 Realtor nationwide in all of Mexico with the nation’s largest franchise before going into business with Warren Buffett—an impressive transition considering Warren doesn’t let just anybody into his clubhouse! Greg’s also a Forbes Real Estate Council member, a Guild Member (multiple seven-figure sales) of the Institute for Luxury Home Marketing, holds his Certified International Property Specialist (CIPS) designation with the NAR, and is a Luxury Collection-designated Broker within the BHHS franchise. Greg brands himself as “The Dream Pro,” “San Miguel’s Dream Home Expert,” and he sells upwards of 30 of those Dream Homes annually.

Contat Greg at Greg@gregorygunter.com

Home insurance in Mexico.
Health insurance in Mexico.
Car insurance in Mexico.
Renters insurance in Mexico.

Contact Jason Wagner at www.insuremewc.com or email hola@insuremewc.com

Fletcher Wheaton is real estate expert in Los Cabos. Contact him at cabokey.com

Tax Advisor Carlos Morales discusses real estate taxes in Mexico. To get in touch with Carlos, visit his webpage https://businessstrategyweb.com or shoot him an email at carlosamg.bstat@gmail.com

How is rental income taxed in Mexico?

What are capital gains taxes for real estate?

How are short term rentals / Airbnb taxed?

How much are property taxes in Mexico City?

When do you pay your taxes? Monthly?

Is Mexico cracking down on delinquent taxes?

Is there a difference in rental income tax if the properties are held in a fideicomiso vs a SRL?

Real Estate Without Borders with Fletcher Wheaton

Ronnie Kamara of ubuturo.com discusses investing in real estate in Africa.

Ronnie answers many questions including:

Why would you want to invest in Africa?

Where are the most attractive real estate markets in Africa?

What types of returns can you expect for investing into African real estate?

To contact the host Fletcher Wheaton, please visit cabokey.com

Are you interested in buying real estate in Cabo San Lucas or Mexico as an investment?

Listen to this episode to understand risk, returns and if you should rent out your place long term or short term.

Contact Fletcher Wheaton at cabokey.com or fletcher@bajasmart.com

Alex Koper is the CEO of Global Mortgage and in this episode we will discuss financing options in Mexico and how this industry in evolving.

To get in touch with Alex, visit globalmortgage.mx

To get in touch with Fletcher, visit cabokey.com

Raoul Rodriguez specializes in wealth management for people with international lifestyles. Many of his clients have houses in the US and Mexico and he discusses how to navigate the complexities of that situation.

To get in touch with Raoul, email him at RRodriguez@congresswealth.com or connect with him on LinkedIn.

Andy Daly from from the Money Corp comes on to talk currencies and currency risk as it pertains to owning real estate.

To get in touch with Andy, email him at andy.daly@moneycorp.com.

To get in touch with Fletcher Wheaton, visit cabokey.com

We talk real estate in Colombia in this episode with Mauricio Jaimes.

Can a foreigner own in Colombia?

Can you mortgage a property as a foreigner in Colombia?

Where is the best place to buy real estate in Colombia outside of Bogota and Medellin?

To get in touch with Mauricio, visit his website: buycolombiarealty.com

To get in touch with Fletcher Wheaton, visit his website: cabokey.com

Los Cabos based real estate attorney Eduardo Tapia dives into buying land in Mexico among other things.

In this episode we cover:

Buying land to develop in Mexico.
Common problems when purchasing real estate in Mexico as a foreigner.
Los Cabos real estate and the MLS system here.
Title insurance in Mexico .

Contact Eduardo Tapia at info@jetzlaw.com or visit his website https://jetzlaw.com/.

To contact Fletcher, visit cabokey.com and drop him a message.

Clay Malcolm of Advanta IRA discusses how can use your retirement accounts to buy real estate.

Buy real estate in Los Cabos with your IRA.

Contact Clay Malcom at cmalcolm@advantaira.com

Contact Fletcher Wheaton at cabokey.com

Mike Smith from Brazil Beach House drops in to share his experience with owning and selling real estate in Brazil. Mike focuses on upscale beach properties as well as hotels but we get into various aspects of owning real estate in Brazil.

To get in touch with Mike, visit his webpage at https://www.brazilbeachhouse.com/.

To get in touch with Fletcher Wheaton, check him out at cabokey.com

Ana Patricia has been in real estate in Panama for over 8 years and discusses why she loves the real estate market in Panama.

How is the rental market in Panama?

How much is real estate in Panama?

What makes Panama such a great place to invest in?

Ana answers these questions and more!

To get in touch with Ana, email her at anapat@puntapacificarealty.com.

To get in touch with Fletcher Wheaton, visit cabokey.com.

Luz Mendez discusses real estate in the Dominican Republic for 6-9% returns and her main market is condos priced at $175,000-$250,000 USD.

To get in touch with Luz, shoot her a message on LinkedIn: https://www.linkedin.com/in/luz-m%C3%...

Get in touch with me on LinkedIn: https://www.linkedin.com/in/fletcherwheaton/

Mazatlán Mexico is experiencing a building boom. Rodrigo Muñoz of Century 21 breaks down how you can take advantage of this boom.

Mazatlán is one of the last markets on the west coast of Mexico that hasn't blown up yet from a price perspective.

To contact Rodrigo Muñoz, email him at romuro@gmail.com.

To get in touch with the host Fletcher Wheaton, please visit cabokey.com

Mishan Andre is a veteran of the Cabo real estate market.

Tune into this episode to get unique insights into:

Why Los Cabos is such a hot real estate market
Which is a better investment, Todos Santos or the East Cape?
What are some common mistakes first time expat buyers make?

To get in touch with Mishan, email him at mishan@cabodreamhomes.com

Get in touch with Fletcher Wheaton at cabokey.com and drop him a message.

Jack O'Hara from Smart Investment Opportunities discusses why both Tulum and Playa del Carmen are great real estate markets to own real estate in.

If you are interested in buying real estate in Tulum or Playa del Carmen, this episode is for you!

To contact Jack about real estate in the Riviera Maya, email him at jack@propertyinvestment.com.mx

To get in touch with the host Fletcher Wheaton, visit cabokey.com and drop him a message.

Real Estate in Huatulco and Merida Mexico.

Brent May, CEO of Bayside Enterprises, discusses why he loves the beach market of Huatulco and why he started some new developments in Merida.

Contact Brent at brent@baysidehuatulco.com.

Contact Fletcher Wheaton at cabokey.com

Todays guest Paulina Almeida is the commercial director at Tao Mexico.

Paulina will discuss why she likes the Mexican Beach Markets and an upcoming project in Puerto Vallarta.

To get in touch with the host, Fletcher Wheaton, visit cabokey.com if you would like more information.

Paulina Almeidas contact is paulina@taomexico.com