Puerto Vallarta, Mexico STR
Hello--I have an interesting opportunity to get my hands on a STR in Puerto Vallarta Mexico, however the seller is looking for all cash. What is the most tax-efficient and cost-effective way to make a cash purchase of a home in Mexico, with minimal tax implications and low interest rates on any type of loan? I have about half available liquid. I would appreciate any advice or insights from those with experience in the Mexican real estate market.
Most Popular Reply
Hello Jonathan,
The taxes you're going to have to pay are the same whichever way you pay for the property. You can't get a low interest rate loan in Mexico. The exception would be developer or seller financing, which aren't very common and not applicable here.