Directed IRA Podcast
Buying International Real Estate
Oct 6, 2023
Join Mat Sorensen and guest expert Nick Fong as they discuss investing internationally with self-directed IRAs. They talk about buying real estate in Mexico, the process of using self-directed IRAs to buy international property, setting up a Mexican trust vs. corporation, international real estate structures and inheritance options, exploring cross-border real estate options, obtaining water, and upcoming webinars on self-storage investing.
53:40
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Quick takeaways
- Foreigners buying real estate in Mexico should understand the difference between trust ownership and ownership through a Mexican corporation.
- Financing options through Mexican banks for foreigners buying real estate in Mexico are limited, making cash purchases more common.
Deep dives
Buying Real Estate in Mexico - Trusts and Corporations
In Mexico, when buying real estate, it is important to understand the difference between trust ownership and ownership through a Mexican corporation. Trust ownership is more common and requires setting up a real estate trust, called a Fideicomiso, which allows foreigners to own property in Mexico. The trust provides ownership rights, although the property must be owned by a Mexican entity. On the other hand, ownership through a Mexican corporation provides more tax and legal flexibility, especially for investors looking to buy and sell properties.
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