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Found 5 results

  1. Can I put my Mexican home in a US Living Trust? What is required? How about Mexican Bank Accounts?
  2. Has anyone heard of a halted real estate development in Jocotepec? I'm wondering if this is the one near the Raquet Club. Any infol appreciated.
  3. My husband and I are seeking a property in lower Riberas that has a large yard for our dogs, but a small house of two bedroom, two bath. The property should be around 2-3 lots of 300 M2 each. Please call 765-7191
  4. Hi everyone, I am a 75 year old guy who has had( lets change that to who is having) a rather unconventional life and have recently decided to move to Ajijic from the Baltimore area. I am flying to Guadalajara on the 15th for a couple weeks to get the feel of the place before I sell my house. I would appreciate suggestions of a real estate agent who is honest, knowledgeable and who you personally like. and if anyone is interested, I would love to meet folks who have lived in Ajijic or Chapala for a while and who can help me get my feet on the ground a bit. I would happily take you to lunch or dinner to ease the flow of conversation. I am a vegan, although there seem to be many good vegetarian restaurants to choose from and I may have a young companion with me. I look forward to being in touch with anyone who would respond. With much gratitude, John Millen
  5. Hey all you rental experts. I do plan on consulting an accountant but I was curious to hear advice from those of you that are renting furnished properties. I just bought an apartment in Guadalajara that I will turn into a high end luxury short-term rental. I'm currently researching what the all in taxes are renting out the property on a short-term rental. Besides the annual property tax, which seems quite low compared to the USA and other places I own real estate, what are all the other taxes involved that are required as a non-resident American renting out their furnished property? I understand that there is an IVA tax (16% for interior of Mexico counties) as well as income/rental taxes. If someone can shed light on their experiences renting out short-term. I realize many probably don't declare all their income and therefore don't pay all the proper taxes but I always prefer to do everything legal. I also understand that there are several items deductible against the income tax like utilities, repairs, cleaning supplies, staff salaries, property management fees, property taxes and replacement of items, etc for Mexican citizens but looks like flat 25% tax on gross income for non-resident foreigners. I'm just trying to do some estimates of what the net taxes will look like. A huge thanks in advance for any information or insight you can provide on this topic along with your experiences. PS. I found this link online but it's a few years old so I wanted to see if this falls in line with your experiences: http://www.theyucatantimes.com/2014/11/facts-to-know-about-taxation-when-renting-your-condos-houses-or-villas-in-mexico/
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