Retired In Mexico

Listen Up! Here’s The Lowdown On Making A Move To Mexico

I’m just back at my desk from Cancún where I was delighted to meet a new bunch of readers at our second Live and Invest in Mexico Conference.

November is the perfect time to be in this part of the world… when most North Americans are starting to watch the thermostat (and I’m still recovering from those chilly days in Paris last month).

While Cancún was our meeting place, our agenda over these three days reached beyond this well-known tourist hot spot. With Lee Harrison as our emcee and a strong team of Mexico experts and expats by his side, we were brought on a virtual tour that included:

  • The Riviera Maya that stretches from Cancún in the north to Tulum in the south—with miles of unspoiled, Caribbean sands in between… where you can find attractive options, like Playa Del Carmen, that are quieter and more affordable than Cancún…
  • The historic town of Mazatlán on the Pacific coast that’s becoming increasingly popular with expats—and where Lee spends most of his time these days. It has full city amenities, first-class health care, and is only a two-hour flight from U.S. border towns…
  • The country’s most romantic resort—Puerto Vallarta. Surrounded by lush hills, PV lends itself to magnificent ocean and sunset views… and diverse outdoor activities… and more options than you’ll ever need for dining out…

Best of all, while Mexico doesn’t offer a pensionado-style visa, it does offer one of the easiest residency paths out there today…

Lee has found the process to be super easy: “I got my resident’s visa at a consulate in about 20 minutes without translations, background checks, or document certifications. And you may not even need to establish residency, as Mexico offers a six-month tourist stay.”

If you weren’t in the room for the full lowdown on making a move in Mexico, you can still get access to every word of every presentation (including questions from our audience) in our soon-to-be-released Live and Invest in Mexico Home Conference Kit.

Among the 30+ sessions included, you’ll get to hear from:

  • A full-time Canadian expat who recently settled in Playa Del Carmen (with kids in tow)…
  • A Mexican attorney on your top visa and residency options in Mexico (it’s easy, but you have to do it right!)…
  • A local health care representative on what to expect from local medical care…
  • Our go-to Mexico real estate expert on the top five places to invest in the country…
  • A local language school on how to learn Spanish and have fun…

We left no stone unturned last week. As you make your way through this set of recordings—at your own pace, in whatever order you choose—you’ll also get the lowdown on current real estate opportunities in our favorite Mexican markets (some that offer developer financing)… how to get involved in volunteering projects… your best options for health insurance… how to set up a bank account… and more…

We’ve compiled this conference-in-a-box to show you everything you need to know about Mexico to decide if it’s right for you…

And, if you find that it is, you’ll have all the knowledge and contacts necessary to make your move with confidence.

But don’t delay. When you reserve your Live and Invest in Mexico Home Conference Kit this week, you’ll qualify for more than 50% off.

Just imagine, when the cold and snow hits the United States and Canada, you load up the car and head on down to your sunny second home in Mexico.

It really can be that simple.

Get started here now while this pre-release offer still stands.

Valentine Fouché

Dream Retirement Home Overseas

10 Things To Ask Before Buying Retirement Property Overseas

10 Things To Ask Yourself Before Buying A Retirement Home Overseas

Whether you’re planning for investment or retirement, buying real estate overseas is fundamentally about diversification. Today, we’ll focus on the retirement side and what you need to consider when you’re looking to buy in a place where you’re planning to spend at least a couple of months of the year on the ground.

It’s important to understand that moving all your savings out of the States and into a single residence overseas doesn’t bring you the level of diversification you should be seeking right now. However, using some of your capital to buy a home in the place where you want to live and putting another share to work in another market (ideally one that uses a different currency) gets you not only diversification but also what amounts to a rent-free retirement.

The bottom line for the retiree-buyer is to follow your instincts—not only in figuring what to buy overseas but also in considering whether you should buy at all.

If you decide that you do, in fact, want to buy real estate for personal use in retirement (rather than renting), here are 10 questions to ask yourself as you shop:

1. How much space will you need? Do you want an apartment or a house? One bedroom or two? (You probably won’t need more than two.) Two levels or only one? A guest room or even a guest house? Will you have guests often, for example? Will you want them to be able to stay with you, or would you prefer if they came and went from a hotel nearby?…

2. Do you want a front yard, a back garden, or a swimming pool? All of these things require care and maintenance…

3. Do you want to be in the heart of downtown or out in the country?

4. Do you want a turnkey, a renovation project, or something in-between?…

5. Do you like the idea of living in a gated community, or would you prefer a more integrated setting, such as a neighborhood where you could become part of the local community? This is a key consideration. Going local means you have to learn the local language (if you don’t speak it already). Or perhaps you’d prefer to be off on your own with undeveloped acres between you and your nearest neighbor. In this type of rural setting, you’ll need to build your own in-case-of-emergency infrastructure…

6. Consider traffic patterns and transportation. Where you base yourself determines whether you’ll need to invest in a car, which is an important budget consideration…

7. Consider the convenience factor. How far is it to shopping, restaurants, nightlife, parking, and the nearest medical facility?… Maybe that distance is not a deal-breaker right now… but could it be an issue five or 10 years down
the line?…

8. Do you want a furnished home? You may have no choice but to buy unfurnished (unless you buy, say, from another expat who’s interested in selling his place including all contents). Buying unfurnished means you’ll need to purchase furniture locally or ship your household goods from home…

9. What’s your budget? Be clear on your finances before you start shopping, and, if your budget is strict, don’t be tempted to consider properties outside your price point. You’ll only be disappointing yourself unnecessarily…

10. What kind of view would you like from your bedroom window each morning? This can be the most important and telling question of all, for it forces you to think very specifically about what’s important to you.

These questions are, of course, just the basics to get you started. At our Global Property Summit, this March 14–16, our goal is to help prepare you for each step of your overseas property purchase (a whole new ball game to anything you’ve ever experienced buying real estate at home)… And, if you’re not already fixed on the area where you want to settle, we’ve identified the top places in the world to both live well and diversify today. (If you have a specific location in mind already, you may just change your mind when you see what our experts bring to the table. And, that’s okay too!)

If you’re serious about owning a property overseas, I hope you’ll join us for these three days in Panama City next March when we’ll help you move forward with confidence and act on some of the most affordable opportunities we’ve seen in more than a decade.

As always, please feel free to contact my team with any of your event-related questions—or for personal assistance with your booking—at the contact details below.

Valentine Fouché

2018 global property summit

Global Property Summit: Real Estate Overseas Made Easy

How To Buy Your Dream Home Overseas

Why would you want to buy a piece of real estate overseas?

This is the first question we tackle every year at Lief Simon’s Global Property Summit. And, it’s an important one whether you’re looking for a full- or part-time home in another country… or shopping purely for an investment opportunity…

The big advantage of real estate anywhere, of course, is that it’s a hard asset—a real and long-term store of wealth. But why real estate overseas, specifically?

In a nutshell… you’re giving yourself the gift of diversification. When you purchase a piece of property in another country, you’re achieving diversification of market, of economy, of political regime, and of currency. Everything everywhere is cycling all the time, but the cycles are all different. Some markets are booming while others are in crisis. Currencies are always up or down one to the other, but the ups and downs are ever-moving targets. By spreading your property portfolio around, you can insulate against Continue reading

Dreamt Of A Life In France

You’ve Dreamt Of A Life In France And Now It’s Waiting For You

How To Live Well In France On US$1,281 A Month

“What do you hope to find in your new life in France?…

“A view of the Paris rooftops from your balcony?

“Going to the theater, orchestra or museum any day you wish?

“Hopping on the train to Belgium on a whim?

“Shopping for figs and chèvre at an outdoor market?

“Listening to the cicadas chirp over the Provençal landscape?

“The more specific your imagination, the better.”

This is the advice of Dennelle Taylor Nizoux, founder of relocation advisory company Renestance. This morning, Dennelle addresses our Continue reading

Panama Skyline

Panama: From Developing Country To Dream Destination

The American Dream And Where To Find It

“The American dream is still very much alive. You just have to look outside America to find it.”

So said a store-owner in Coronado, Panama, to our in-house Managing Editor, Charles Conn. And nobody could agree with her more than Charles…

Charles grew up in Panama with an American-expat dad and Panamanian mom. Always curious about his American heritage, he left Panama to attend college in the United States. Once he’d graduated, Charles spent years trekking around the country—working any job he could get—trying to find his share of the American dream.

Twenty years after leaving home, he was still searching for that dream when personal circumstances drew him back to Panama… where Charles was in for a surprise…

His home country was almost unrecognizable.

The unrest that he’d grown up with through the Noriega years and the American occupation was a distant memory.

“Panama had gone through an economic boom that just transformed it from a Third World backwater place that Continue reading

Expats gathered to overlook the ocean in Tulum, Mexico

5 Most Popular Places To Live In Mexico As An Expat

Dear Live and Invest Overseas Confidential Reader,

With anything in life, the easiest option isn’t always the best. In fact, it almost never is.

But, for North Americans considering your options overseas, “closer than ever” Mexico breaks this rule.

It’s hard to find fault with a country that offers a wide range of lifestyle options (from jungle to beach to mountain living)… has an infrastructure that continues upward (you can travel cross-country by luxury coach very affordably)… and where English has become an official second language (helping to bridge the gap until your Spanish is up to scratch)…

And, let’s not forget the present currency situation. For years, the Mexican peso stood at 10 pesos to the Greenback. Today, at 17 pesos to US$1, it feels like everything is half price.

With so much opportunity in the country, it can be difficult to decide where to settle. But, since an estimated 2.2 million expats (from North America and Europe) are official residents in Mexico today, it’s helpful to take a look at where they’ve chosen to call home.

Here’s a quick profile of the big five—the most popular areas that expats in Mexico choose to live at least part time:

  1. Guadalajara

    Lowdown: Mexico’s second-largest city with its own Silicon Valley. Expats tend to gravitate toward areas south of here—Ajijic or Chapala—where they can still tap into the city’s amenities.

    How much? Rent from US$500 per month. Buy from US$75,000.

    Expat-speak: “About the middle of July, the beach at our main home in La Manzanilla on the Pacific coast starts to get oppressively hot and humid. That’s when we head north and lakeside to our house in Chapala. We then have three or four months of delightful weather during what qualifies in this region as the off-season, which is our favorite. We think that we are living the ideal life, splitting our time between the ocean and the largest lake in Mexico.” —Jonathan P.

    “Sunset at Lake Chapala.”
  1. San Miguel de Allende

    Lowdown: 450-year-old city of 150,000 people that works hard to preserve its colonial features. A favorite with local and foreign tourists, San Miguel has a true international feel.

    How much? Rent from US$450 a month. Buy from US$145,000.

    Expat-speak: “No matter where you’re from, San Miguel is a place that feels like home.” —Leslie von D.

    “Small-town San Miguel de Allende has an international feel.”
  1. Riviera Maya

    Lowdown: Stretch of Caribbean coast from Cancún to Tulum that is seeing major development. A unique mix of unspoiled beach and Mayan ruins.

    How much? Rent from US$1,250 in sought-after Playa del Carmen. Buy from US$150,000.

    Expat-speak: “Things get done… but it may take some time. The fast city pace is not here. It’s very relaxed and very comfortable. My only regret is that I didn’t make the move sooner. Here, I feel like I’m getting younger by the day.” —Michelle B.

    “Caribbean resort of Cancún has become a major hub.”
  1. Puerto Vallarta

    Lowdown: Colonial city on the Pacific coast, P.V. is becoming increasingly popular with vacationing boomers. The Riviera Nayarit to the north is also emerging and holds much opportunity.

    How much? Rent from US$200 in P.V. Buy from US$40,000.

    Expat-speak: “On the quiet side streets that climb steeply toward the hills, people leave homes and apartment buildings to do their daily shopping just as they would anyplace… just as though they weren’t lucky enough to live in one of the most romantic cities in the world.” –Lauren S.

    “Puerto Vallarta is tops for Pacific living.”
  1. Mazatlán

    Lowdown: North of Riviera Nayarit, Mazatlán is a working town with a 5-mile-long malécon (believed to be the longest uninterrupted beach boardwalk in the world). Because of its industry, Mazatlán offers more amenities than P.V.

    How much? Rent from US$807 a month. Buy from US$120,000

    Expat-speak: “So why did we pick Mazatlán? It was mostly the attraction of the walkable historic center and all the amenities it offers… including the fact that the historic center is miles from the main tourist area in Mazatlán. And, importantly, it’s possible to buy a beachfront property in the historic center, which is rare… so you can enjoy the advantages of both.” —Lee H.

    “Mazatlan offers history and culture… near the beach.”

This is just a quick snapshot, of course. Our agenda at Live and Invest in Mexico Conference, this Nov. 15–17, is to give you the full picture on these areas… along with others that have recently come on our radar… as well as specific investment opportunities worth your consideration today.

Our aim, as always, is to leave no stone unturned… to arm you with everything you need to know to make your move to Mexico.
To that end, all our top Mexico experts will be in the house to answer your questions. Over our two-and-a-half days together, you can raise any issues in our Q&A slots… or approach our experts at their individual tables in the exhibition hall.

We’re only on the ground in Mexico once a year, so this is your single chance in 2017 to come and witness all this country has to offer… in the company of those who can guide you step-by-step through your move.

We’re holding this 2017 Live and Invest in Mexico Conference in Cancún—a chance for you to check out the Riviera Maya first-hand… while also being in a position to connect easily, by coach or plane, with other parts of Mexico.

And, this week is your last chance to lock in the best value on your seat. Until this Friday, save US$250 off your place in Cancún with our Early Bird discount… and use Coupon Code PREMEX50 to save an extra US$50. You may qualify for other reader discounts, too.

Valentine Fouché
Editor, Live and Invest Overseas Confidential

A New Life Overseas

Your Journey To A New Life Overseas Is Just Getting Started

The Dynamite Approach To Finding The Good Life Overseas

Moving overseas is more than just a process to be trudged through…

It’s a journey.

You can’t possibly know how that journey will play out exactly. (Right now, you may have no idea of where you want to go.)

But one thing you do have control over, starting today, is how long you want to drag this journey out.

You can make it into an epic escape… researching for years… chipping away with Continue reading

3 Reasons To Join Us And Experience Paris In The Fall

Paris In The Fall

“Paris is always a good idea,” said Audrey Hepburn in Sabrina. But there is something extra special for the visitor who wanders the cobblestone streets of the French capital in the fall.

The crowds of spring and summer have left… yet it’s still not too chilly to take a table outside (now that you can find one) and enjoy a café au lait on the terrace.

October is also when Paris comes alive in vivid orange, red, and yellow… the perfect time for a stroll through the Jardin du Luxembourg and Jardin des Tuileries… and to appreciate the city as Continue reading

Laughing Bird Caye Belize

Appreciating All That Belize Has To Offer (Even Its Quirks)

This Is Where You’ll Know You Have Arrived

At our Live and Invest in Belize Conference last year, Belize resident and developer Phil Hahn opened his presentation with some important advice from the world’s favorite pirate, Jack Sparrow:

“The problem is not the problem. The problem is your attitude about the problem.”

Undeniably, you will encounter setbacks on any new adventure overseas. You’ll wonder if everybody else is completely crazy—or it’s just you. These are times when you have to do a reality check and remember that you are a guest in your new country… and it will take some time to adjust. If you can just wait out the panic period, you will be rewarded. And, in Belize, the rewards far outweigh the quirks of day-to-day life…

For a start, Belize is a natural wonderland. Just as the Mayans chose to settle along its impressive network of rivers some 4,000 years ago, a strong Mennonite community works the land around the town of Spanish Lookout in the Cayo District today. For a country of its size (22,966 square kms), the diversity of Continue reading