Quote: Originally posted by DENNIS |
There was/is a limit on the amount of acreage a foreigner could purchase, even with a bank trust. Don't let anyone tell you different until you look
into it.
One hectaria is [+-] 2.5 acres and if memory serves, one hectaria was that limit.
Of course, Mexico is the land of exceptions, but those just leave you vulnerable.
Be careful. |
Then how did AstroBaja do it (Canadian)? I asked him to clarify the question, but no reply yet.
Quote: Originally posted by David K | Mike, would you mind telling us Americans or Canadians what paperwork or method is needed to buy that property since we are not Mexican citizens? Is
it a corporation that holds the land and 'anyone' can buy the corporation and is a residence and business visa also part of the conditions?
Thank you!
I ask because a lot of us hear that real ownership is a risk in Mexico, and knowing the safeguards just might sweeten the deal?
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David.....your question didn't ask for clarification to my statement. I know of the various methods of acquiring land by a foreigner. My question
was , how much land is allowed?
There were limitations, and I'm willing to go all in saying there still are.
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[Edited on 3-8-2015 by DENNIS] |