VMITCHELL@comcast.net Posted October 9, 2017 Report Share Posted October 9, 2017 If I purchase a Mexican residence does the purchase price count as part or all of the financial requirements to obtain a temporary or permanent visa? Link to comment Share on other sites More sharing options...
Bisbee Gal Posted October 9, 2017 Report Share Posted October 9, 2017 Contact your nearest MXN consulate in your home country. Most have websites that are very specific about the requirements you will need. Even though its Federal law, there seems to be slightly different interpretations by the consulates. We went through the Orlando FL consulate and they did not offer any credit for home ownership in MX. Link to comment Share on other sites More sharing options...
RickS Posted October 9, 2017 Report Share Posted October 9, 2017 7 minutes ago, Bisbee Gal said: Contact your nearest MXN consulate in your home country. Most have websites that are very specific about the requirements you will need. Even though its Federal law, there seems to be slightly different interpretations by the consulates. We went through the Orlando FL consulate and they did not offer any credit for home ownership in MX. Spot on. So do check. Some allow and may have differing amounts of 'credit', and differing value of home to qualify. Shop around for Consulates that best meet your needs.... one does NOT have to use any specific Consulate. I've heard that Phoenix, Las Vegas and Laredo Tx. have 'good staffs with reasonable requirements'. One must make an appointment with 'most'. Good luck. Link to comment Share on other sites More sharing options...
Sonia Posted October 9, 2017 Report Share Posted October 9, 2017 The law for TR pre-approval states: Investments ~$22,000 US / $27,000 C with 12 months of individual statements (5000 X daily minimum wage of 80.04 pesos), Monthly income ~$1,400 US /$1800 C employment or pension source showing 6 months of bank statements (300 X daily minimum wage of 80.04 pesos), or Home ownership in Mexico with a value of approximately 3,200,000 pesos (40,000 x daily minimum wage of 80.04 pesos). You need original and copy of deed. Some consulates vary taking into account exchange rates. The above is from my web site. Home ownership is not to be a factor for PR pre-approval. Best to avoid consulates such as Orlando, Miami, Houston, Austin, Dallas, Calgary based on feed back from clients. Orlando, Miami and Houston being the worse. Example the Orlando consulate webs site states $2000 / month income for TR. Their staff are totally uninformed on many issues. Seattle consulate web site states: You can also submit official documents proving the ownership of a property/company/business) and one photocopy of them. Link to comment Share on other sites More sharing options...
Intercasa Posted October 10, 2017 Report Share Posted October 10, 2017 Easier not to use home and to show $1,200US in deposits or $22,000Us sitting in an account (retirement and investment ok!). home ownership is only for temporary and can be problematic as some consulates question what is the current value and other people purchased years ago and the value may not be the current value or may have been artificially low when the notaries were not required to put the real transaction value on the deed. Link to comment Share on other sites More sharing options...
Bisbee Gal Posted October 10, 2017 Report Share Posted October 10, 2017 12 hours ago, Sonia said: The law for TR pre-approval states: Investments ~$22,000 US / $27,000 C with 12 months of individual statements (5000 X daily minimum wage of 80.04 pesos), Monthly income ~$1,400 US /$1800 C employment or pension source showing 6 months of bank statements (300 X daily minimum wage of 80.04 pesos), or Home ownership in Mexico with a value of approximately 3,200,000 pesos (40,000 x daily minimum wage of 80.04 pesos). You need original and copy of deed. Some consulates vary taking into account exchange rates. The above is from my web site. Home ownership is not to be a factor for PR pre-approval. Best to avoid consulates such as Orlando, Miami, Houston, Austin, Dallas, Calgary based on feed back from clients. Orlando, Miami and Houston being the worse. Example the Orlando consulate webs site states $2000 / month income for TR. Their staff are totally uninformed on many issues. Seattle consulate web site states: You can also submit official documents proving the ownership of a property/company/business) and one photocopy of them. We used Orlando consulate for our RP's and were very pleased with the service and willingness on their part to help via email, prior to the appointment. Orlando staff reviewed scanned documents via email so we didn't waste a 4 hour round trip drive (we lived on West coast). When we were ready to make an appointment we were given one for the following week at a time convenient to us since they knew we had a 4 hour round-trip drive. On the day of the appointment we were in and out of their office within an hour. Link to comment Share on other sites More sharing options...
VMITCHELL@comcast.net Posted October 10, 2017 Author Report Share Posted October 10, 2017 Thank you, we also live on west coast of Florida (Sarasota area) and found this to be most helpful. Link to comment Share on other sites More sharing options...
VMITCHELL@comcast.net Posted October 10, 2017 Author Report Share Posted October 10, 2017 So, if we get TP for 4 years and then apply for RP is approval more or less automatic or do we need to re-qualify at the larger amounts? Link to comment Share on other sites More sharing options...
RVGRINGO Posted October 10, 2017 Report Share Posted October 10, 2017 The transition is routine and without the need for further proofs of income/assets. It is no more, or less, complicated than a renewal; just an application for Residente Permanente at INM and the usual tramite process. Link to comment Share on other sites More sharing options...
Sonia Posted October 10, 2017 Report Share Posted October 10, 2017 1. Orlando recently had a change of staff. 2. Their web site states income of $2000 p is required for TR pre-approval. 3. They do not consider home ownership for pre-approval of TR as noted above. 4. Several clients recently had major issues with trying to obtain a visa to the extent the staff repeatedly had to contact INM in Mexico City. For example, a client being advised that with a visa that had expired by several months to enter Mexico anyways and renew in Mexico was totally wrong. Client went to the Orlando 4 times in all from the other side of the state only to be led in circles. They would not start the pre-approval process. This was less than 3 months ago. And, ask them to process a same-sex couple. That is not my idea of good relations with applicants. Link to comment Share on other sites More sharing options...
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