The Space for Expatriates
The Group for Real Estate sales people all over Mexico. Buyers & Sellers should be looking here.
Latest Activity: Aug 22
Started by Gretchen Corpe Ellinger. Last reply by Kimberly J Barber Mar 6, 2011.
Started by Staccey Wright. Last reply by John K. Glaab, CIPS Nov 4, 2010.
Started by John K. Glaab, CIPS. Last reply by Dooglas PI Feb 17, 2010.
the settlement company®
Mexican newspapers are full of headlines about the growing problem of foreigners who are renting their homes or condominiums and failing to pay Mexican taxes. Not only is this a violation of the terms of most bank trusts (fideicomisos), but also it is a violation of Mexican tax law and reprisals are severe.
FOREIGNERS ARE OBLIGATED TO PAY TAXES ON INCOME GENERATED IN MEXICO.
If you own a property in Mexico and rent it often or only occasionally, ENJOY your rental income and SLEEP EASILY KNOWING YOU HAVE COMPLIED WITH TAX LAWS!
The Settlement Company® with many years of experience in the transfer of titles and resolution of problems related to title, is able to assist you in receiving your funds in an escrow account, complying with your fiscal obligations in Mexico, providing you with the overage and the documents you require in your country of residence to avoid double taxation!
IF YOU ARE A RESIDENT OF MEXICO, with a RESIDENT DOCUMENT:
We require a certified copy of your immigration document and items one through six above.
We hope to be able to serve you in the payment of your taxes. The next step is to complete the attached form, providing us with the information for the parties on your title. Upon receipt of same, we will prepare and send your documents for execution.
Please contact us if you have concerns or questions. We look forward to having the opportunity to serve you!
The Settlement Company®
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Major International Residential Tourism Event to be Held on June 7, 8, 9 in Los Cabos
By John K. Glaab, CIPS
AMPI, the Mexican Association of Real Estate Professionals has announced a major international residential tourism event to be held in Los Cabos, with the National Association of REALTORS® as a strategic partner.
VIVA Mexico! an investment, resort and second home forum will be staged June 7, 8 and 9th in Los Cabos Mexico at the first-class Los Cabos Hilton Hotel. The event will focus on “Spotlight Mexico”, a joint NAR and AMPI program in 2013 designed to re-educate and re-energize its respective memberships on the international real estate transaction opportunities that exist between Mexico and the United States. Programming will include a Certified International Property Specialist institute as well as a seminar focused on Mexico real estate, providing US REALTORS® the tools they need to become profitable in tackling the top inbound and outbound destination for buyers from both the USA and Mexico (as well as Canada). REALTOR® associations with local councils are encouraged to attend to discover and discuss reciprocal arrangements that local markets can establish to establish business ties, market-to-market. The event will attract major leaders including industry leaders from FIABCI , NAR , and experts from top-level real estate experts in Mexico.
Form 3520 and 3520A must be filed each year with the IRS for all Fideicomisos in Mexico. Our questionnaire which will help you compile the data or give us the information necessary to provide you with a fee quote for the preparation follows: 11-%203520%203520A%20QUESTIONAIRE010110.doc
We have prepared hundreds of these forms that most tax preparers know nothing about. The due date of the first form is 3/15/12 unless extended with form 7004. The second form is due on the due date of your personal return.
Visit our website to learn more: TaxMeLess Email us with questions, etc. at firstname.lastname@example.org. Thank you. Don D. Nelson, CPA, Attorney.
We have prepared US tax returns and assisted with US tax planning in Mexico for over 20 years. Visit our Mexican-US tax blog for the latest developments with US taxes and Mexico.
Last year there were 460 new CIPS Designees. So far this year we have 218 new ones.
New Designees come from places such as Singapore, Italy, Canada, Korea, Phillipines, Costa Rica and several from Jalisco, Mexico.
Booth at the International Networking reception an at the CIPS New Designee Recognition Breakfast, I heard talk of international transactions. The Russians are buying almost as a hobby.
Realtors® Congregate In Washington
More than 8,000 members of The National Association of Realtors® met in Washington, D.C. for the mid year meetings held each year in May. While most were from the United States, others were from around the world including Mexico. Sergio Gomez, Vice President of the Association of Mexican Real Estate Processionals (AMPI) and John Glaab from La Paz, Baja California Sur who were in Washington for the event.
One of the more popular events during the week of meetings was the “2011Symposium On Mortgage Liquidity: Ensuring Mortgage Availability for Creditworthy Homebuyers.” Emmy Award winning journalist Diana Olick real estate reporter for CNBC moderated a nine person panel. Among those participating on the panel were representatives from J.P. Morgan Chase, Wells Fargo, Bank of America, and David H. Stevens, Incoming President of the Mortgage Bankers Association of America. Following a free flowing discussion on the subject, Diana Olick moderated a lively Q & A session. During that session, bankers took the heat on several issues, including the heavy restrictions they currently are placing on loans and the time frame for processing paper on transactions involving the sale of foreclosed properties.
Three events I always enjoy are the Certified International Property Specialist (CIPS) New Designee Recognition Breakfast, the International Networking Reception and the Committee Meeting of the Global Alliances Group. At the breakfast there is a ceremony where new Designees receive their certificates and PINS. In attendance were new Designees from Singapore, Italy, Costa Rico, Korea, The Philippines and Mexico. In 2010, 460 were added to the roll with 218 earning the destination so far in 2011. We are now over 4,000, world wide. The international reception allows conference goers to renew acquaintances with Realtors® from around the world and make new friends.
Each year as a part of the meetings, there are embassy visits for CIPS Designees. Selected members go in groups of eleven to one of the four designated embassies. Being invited to go is almost like winning a lottery.
(Three years ago, I was fortunate to have been selected to visit the Mexican Embassy. Our Group met with Mexico’s NAFTA team. I have remained in contact with them even, today.)
This year, India, Peru, Poland and Spain were on the list. I was selected for the visit to Spanish Embassy. Our group was led by Veronica Seva- Gonzalez, CIPS formerly of Barcelona and now living in D.C. Her mother is in real estate sales in Barcelona. We were warmly received by Fernando Merry, Head Economic and Commercial Counselor and Jurdana Izaguirre of the Embassy’s Investment Department. We explained the CIPS program and the role of NAR in U.S. real estate. Fernando spoke about the work of his department, fomenting trade between his country and the U.S. He reported on the work of two Spanish companies, working in the energy and transportation sectors. One is the world’s largest producer of wind turbines. The other is working technology for high speed trains.
During the week, U.S. REALTORS® made “Hill Visits”. The purpose was to lobby representatives seeking support for NAR’s 2011 Federal Policy Agenda. Three of the five items on this year’s NAR Agenda are; Access to affordable mortgage products, The Future of the Secondary Mortgage Market and Preserving Home Ownership Tax Benefits.
The 2011 Annual NAR Conference will be held in Anaheim, CA. November 11-14. Over 20,000 are expected to attend.
About the author:
John Glaab is a Certified International Property Specialist. A member of AMPI La Paz, he is active in NAR’s Global Business Alliances Group.
Here is a link to a video about getting leads. I have listened to most of it and there are some interesting tidbits of information, Having been a Realtor I can recognize the differences in marketing strategies from 10 years ago when I was active.
See the video at,
View it in 20 min segments if you wish and see how you can ae info to your business in Mexico. thpply
Ok, so maybe I'm late to the party, but just in case I'm not, I found this great free real estate listing site that uses your ability to promote your own product to enhance your visibility on their site. A little bit of chicken and egg, but if you are using Facebook, Twitter, etc. then this is an easy way to get more exposure for your listings, and make your clients happy. In addition, it is more international, which for me is a great thing because European buyers are great too! Click on my ad to see their site, then find their info for Realtors.
http://www.mondinion.com/Property/?Estate=160878&uri=/Real_Esta...Sorry George - forgot how to do the short url thing.....
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