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Articles on this Page
- 11/09/14--08:15: _After the Hurricane...
- 11/25/14--08:52: _There She Goes Agai...
- 03/04/15--11:20: _PAYING TAXES ON INC...
- 04/08/15--07:58: _Serena Condominiums...
- 04/25/15--18:54: _So, You Want to Be ...
- 11/20/15--08:32: _Municipality of La ...
- 12/16/15--09:18: _GOING LOCAL – La Pa...
- 01/10/16--09:36: _RENTING YOUR MEXICA...
- 01/25/16--11:46: _Build My Dream Home...
- 03/16/16--07:21: _NORTHERN EXPOSURE –...
- 03/25/16--14:10: _Are You a Foreigner...
- 03/25/16--15:06: _Happy 25th Annivers...
- 04/08/16--08:34: _GOING LOCAL – La Pa...
- 06/09/16--07:12: _RENTAL TAXES – PAYI...
- 10/29/16--10:06: _BUYING REAL ESTATE ...
- 01/13/17--11:27: _Last Chance Municip...
- 03/22/17--07:56: _Women Professionals...
- 05/01/17--17:35: _Tales of Caution fr...
- 05/11/17--10:32: _Construction Underw...
- 11/09/14--08:15: After the Hurricane – La Paz Ready for Business
- 11/25/14--08:52: There She Goes Again…Latest in La Paz Real Estate News
- 03/04/15--11:20: PAYING TAXES ON INCOME ON RENTALS
- 04/08/15--07:58: Serena Condominiums, New Concept in a Condominium Development
- 11/20/15--08:32: Municipality of La Paz 2016 Property Tax Discounts on Now
- 12/16/15--09:18: GOING LOCAL – La Paz, BCS
- 01/10/16--09:36: RENTING YOUR MEXICAN PROPERTY
- 01/25/16--11:46: Build My Dream Home…In La Paz
- 03/16/16--07:21: NORTHERN EXPOSURE – PLAYAS PACIFICAS
- 03/25/16--14:10: Are You a Foreigner With Assets in Mexico?
- 04/08/16--08:34: GOING LOCAL – La Paz with Karina Ehrenberg
- 06/09/16--07:12: RENTAL TAXES – PAYING THEM and BEING LEGAL IN MEXICO
- 10/29/16--10:06: BUYING REAL ESTATE IN LA PAZ
- 01/13/17--11:27: Last Chance Municipality of La Paz Property Tax Discounts
- 03/22/17--07:56: Women Professionals in Real Estate In La Paz
- 05/01/17--17:35: Tales of Caution from the (Real Estate) Trenches!
- 05/11/17--10:32: Construction Underway at Vista Coral Oceanfront Residences
By Susan Fogel As I have said to many friends, life in La Paz is segmented into life BEFORE the hurricane and life AFTER the hurricane. What occurred before Odile came roaring through resides in the distant past. And so here I am back at the helm of Prestige Property Group, after the hurricane. What went before is ancient history. I thought I was going to retire, and sit atop the hill in Haciendas Palo Verde and write my memoirs. Things change, and smart people adapt and grow with the change. It isn’t always easy. After the hurricane, when it … Continue reading
By Susan Fogel Almost daily prospective sellers call me, asking me to talk to them about listing their home. And I say “home” and not house because to the seller, it is home. They have poured their dreams and money into making their piece of paradise just so. Then, along comes Susan to douse them with cold water. Admittedly some sellers have been upset to the point of being insulted by my assessment of the value of their home. Many have decided not to list and to wait for the market to “come back”. Some tell me they are aware … Continue reading
By Linda Neil MAKE LIFE SIMPLER. DON’T SPEND IT WORRYING ABOUT COMPLIANCE. 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. Mexico’s tax law is patterned after those of the United States and Canada (world rental system) which states in the First Article: Article One: Physical … Continue reading
By Susan Fogel There is a new condominium development opening soon. And it is different from the rest. Unlike other condominium complexes that are often plopped down on a busy street or in an area surrounded by commercial establishments, Serena Condominiums is located inside the high-end, gated community of Pedregal de La Paz. Pedregal is one of the most expensive and exclusive developments in La Paz. Eight years ago, Daniel Perez Arce Diez and his wife Rosanna arrived in La Paz from Mexico City. Perez came as the project manager for a Spanish development company, ISOLUX. After three years, the … Continue reading
By Susan Fogel Renting your Mexican home or any home to vacationers is easy money, if you do it right and make your home inviting, keep it sparkling clean, and offer lovely, homey touches. Your little palace in paradise can be rented year-round. But there are rules in Mexico about renting your home. The biggest rule is that you, the owner must be registered with SAT; you must report your income and PAY TAXES on that income. Last year, immigration officers conducted a raid on some vacation homes in Todos Santos. The owners were not registered with Immigration or SAT … Continue reading
TBC Do you want to get a jump on the New Year and pay your 2016 property taxes early? The City of La Paz has announced its temporary tax discount program for the months of October and November 2015. This temporary discount will run until the end of November 2015. If you pay your 2016 property taxes before November 30th, 2015, in one payment, you will receive a 30% discount on the total amount as well as an additional 5% discount. The Municipality of La Paz offices are located on Blvd. Luis Donaldo Colosio and the corner of de los … Continue reading
GOING LOCAL La Paz TBC with Victor Granados Seven years ago this month, Victor Granados and his partner in crime, Edith Gonzalez, started their new adventure in life: South Baja Realtors. After making hundreds of happy clients – and, in turn, new friends – over the years, South Baja Realtors has grown into one of Baja California Sur’s most respected real estate offices. Victor loves La Paz and everything it has to offer. In celebration of his 7th anniversary with South Baja Realtors, we asked him to share with us his favorite things about the Puerto de Ilusión. FAVORITE PLACES … Continue reading
by Linda Neil Everyday more and more foreigners, including people from the U.S., Canada, Asia and Europe are acquiring Mexican property for rentals and enjoyment. The market for rentals is huge. Many newcomers prefer to rent or lease a house or an apartment while they shop for the ideal location and home for purchase. Others simply prefer to rent a home or condominium for a super vacation, rather than stay in a hotel! This increase in demand for housing and lodging has made the acquisition of rental properties an increasingly attractive investment. These rentals can be either long-term for those … Continue reading
By Susan Fogel “…Building your own house is a primal urge, one of those universal genetic drives, like the need to provide for your family…” So says BBC presenter and host of Grand Designs, Kevin McCloud. Building your own house can be joyful, stressful, expensive, enervating, fraught with conflict, and in the end, satisfying and rewarding. Even with the best builder, you will experience all of these. But a good builder will keep your joy, your satisfaction, and your needs foremost in his mind. He will ease you past the conflict and when you receive the keys, you will feel … Continue reading
By Linda Jackson For those who love the Pacific-side of Baja California Sur, with its kinder summer climate and its wave and breeze-filled energy, for those who are disenchanted with the increasing urban sprawl (or at least want to hold it at bay for a few years) yet still want to retain reasonable access to modern convenience and international travel options – take a look northwards! Local residents have taken to calling (rather unimaginatively) the stretch of coast extending from north of Todos Santos some 90 miles up the Pacific coast to Bahia Magdalena, the mid-Pacific Coast. The mid-Pacific is … Continue reading
Take Advantage of the Mes de Testamento By Gisela Talamantes Saenz During the months of March and September, the College of Public Notaries of the State of Baja California Sur reduces their fees by 50% for granting wills. Also, some Notary Public offices will extend their working hours to the public in order to facilitate the granting of wills during these months. WHAT IS A MEXICAN WILL?
The Mexican will is a legal act where an individual leaves written instructions for his/her assets, property, rights and obligations after death, appointing heirs, executors, tutors, and beneficiaries. In Mexico, the … Continue reading
By Susan Fogel Real Estate in Mexico and especially in Baja California Sur has come a long way since the turn of the millennium. One woman can be credited with being the catalyst for this change. Real estate writer, educator and 40-year veteran of real estate practice in two countries, Linda Neil is that woman. Linda’s first exposure to real estate was conducting real estate bus tours in the San Francisco Bay Area and later working with her first husband, Peter Neil, in development in California. From California, the Neils moved to Uruapan in Michoacán where their two daughters were … Continue reading
TBC with Karina Ehrenberg Karina Ehrenberg Theurel, who is fluent in English, Spanish and German, was born and raised in La Paz and lived here until she was 18 years old. She travelled around the world and later returned to the Baja and worked several years in Los Cabos in the hotel industry and later in real estate. In 2010, she returned to La Paz and opened The Garden Center which later became the restaurant El Jardin Secreto. She is currently the broker/owner of Baja Cortes Bienes Raices and enjoys working with first-time buyers and takes great pleasure in providing … Continue reading
FAQ IS A TEMPORARY VISA REQUIRED? I read an article on the internet about your services. We have spoken to an accountant in PV about paying taxes on our rental income. One accountant has told me I need to get my temp visa. This seems like a hassle when I am using the condo only a short time each year. What is your take on this? Ronnie from Puerto Vallarta Hi Ronnie: Thanks for your email. Per Articles 158 and 159 of the Tax Code, a visa, other than a tourist visa when you visit Mexico, is NOT necessary. As a … Continue reading
by Heather Borquez So now that you LOVE it here… how the heck do you buy property (without loosing your mind)? First, find a good agent! Look for someone bilingual, as you will need them to work with Spanish-speaking agents and owners, lawyers, and tradespeople. Find an agent who has been recommended by other buyers; one who can put you in touch with people who have bought property from them. Also, look for an agent who is working with a company that has been in business for a long time. Diamante Realtors has been in La Paz for the last … Continue reading
Last Chance Municipality of La Paz Property Tax Discounts TBC The City of La Paz has announced its property tax discount program for the month of January 2017. This temporary discount will run until January 31st, 2017. If you pay your 2017 property taxes before the end of the month, in one payment, you will receive a 20% discount on the total amount. The Municipality of La Paz offices are located on Blvd. Luis Donaldo Colosio and the corner of de los Deportistas. Offices hours are from 8:00 am until 4:00 pm, Monday to Friday. On Saturdays, you can pay … Continue reading
By Susan A. Fogel Last Wednesday, I was honored to interview all but two of the women real estate agents profiled here. But I know all of them. I have worked with all of them over the years. They are a varied group. Their time practicing real estate ranges from barely a year to so long, that when Moses brought the tablets with the ten commandments, he also brought a third tablet, the license of one of them! All of them have been to universities, either in Mexico or in their old countries. All but one are fluently bilingual. None, … Continue reading
By Heather Borquez There are many stories, some true, some exaggerated, of people buying property in Mexico and later finding out that they have high Capital Gains Tax bills to pay upon the sale of the property. Here are some of the most common dilemmas people run into which can affect a later sale. Most of these can be avoided or even solved after the fact, with a little thought and attention. Title was registered using a lower price than the actual purchase price. This practice has pretty much been eliminated. However, it did happen occasionally in the past. If … Continue reading
TBC On the southern end of the La Paz waterfront, in the heart of Vista Coral and Marina Cortez, Vista Coral Oceanfront Residences is now under construction. On hand to lay the first brick at the construction site to celebrate was Governor Carlos Mendoza Davis, La Paz Mayor Armando Martinez and local developer Valerio Gonzalez. Vista Coral Oceanfront Residences will feature six floors with 46 residential units, including four penthouses, 10 three-bedroom, 28 two-bedroom and four one-bedroom + studio, all with beautiful views of the bay of La Paz. Vista Coral Oceanfront Residences webpage boosts that, “It is the perfect … Continue reading