Do You Need Mexican Residency to Buy a Property in Los Cabos, Mexico?
Want to buy a property in Los Cabos but are wondering where to start? You’re not alone! Most buyers experience a mixture of emotions—excitement and a little fear of investing in another country, especially if it is your first home in Mexico. However, this is not how things should be. It is very easy to own a real estate investment or vacation house in Cabo if you have a good agent to rely on. Good News: You don’t need Mexican residency to buy property in Los Cabos! Foreign investors are not required to reside in Mexico while buying property in Cabo. You can legally own property with a bank trust called a “fideicomiso,” or by creating a Mexican corporation. Both ways are safe, often used, and well-known in the real estate market for international buyers. Why Get a Mexican Residency? You don’t have to get Mexican residency to purchase a property. However, most of my clients consider applying for temporary or permanent Mexican residency down the road. Residency offers many perks and streamlines many processes. As a resident, you can open local bank accounts, buy and register a car, and obtain a Mexican driver’s license – all of which make day-to-day life in Cabo easier and more enjoyable. Why Los Cabos Is a Good Investment Los Cabos is among the best luxury real estate destinations. The beautiful beaches, excellent resorts, and lively lifestyle make it a very attractive investment destination for many. In Los Cabos, you can find anything from a beach house to a modern condo to large beachfront estates, fitting your style and investment plans. The Cabo real estate market has experienced steady growth and, by many expectations, is still rising in value. If you want to buy it for investment purposes or as a second home, it’s an excellent time to make the most of this opportunity in the beautiful Mexican region. Key Considerations for Foreign Buyers without Mexican Residency When purchasing a property in Los Cabos, the best thing you can do is work with a licensed real estate agent who is part of the Baja California Sur MLS and knows the ins and outs of the Cabo real estate market and the rules of law applicable to such a transaction. Maximizing Your Investment Through Property Management and Rental Opportunities Not staying in Cabo full-time? Many houses in Los Cabos can generate great income from short-term or long-term rentals. I can help you identify potential rental opportunities that can generate income for you when you’re not staying at your property. Many owners will elect to rent their property when not using it personally. As the local market is constantly changing, I can help you find the best real estate opportunities in Cabo San Lucas and other surrounding areas of Baja California Sur that can be profitable for you. Whatever your intention to buy—a vacation home or a place to make an investment—the chances are good that you can get the best value for your money when purchasing real estate. Start Your Real Estate Journey Today Are you ready to see what it’s like to own property in the beautiful Los Cabos? I can help you through the whole process. Book a free consultation today to find the perfect property for you in Cabo!