Cashing In On a Second Home in Central America: How to Buy, Rent and Profit in the World's Bargain Zone

In their newly updated book Cashing In on a Second Home in Mexico – How to Buy, Rent and Profit from Property South of the Border, authors Tom Kelly and Mitch Creekmore guide readers on topics like safely holding property in Mexico&#39;s restricted zone, how to research property for purchase, and navigating the nuances of the Mexican closing process.<br><br>&quot;This book clarifies and explains why Mexican real estate, when using proper safeguards, can be a terrific, secure investment,&quot; said Creekmore, who has<br>spent the past 15 years working to provide title insurance policies for<br>Americans and Canadians in Mexico. &quot;It will also explore the purchasing<br>mistakes of the past, summarize several of the attractive new locations that<br>are luring foreign dollars and explain why Mexico is so eager to welcome<br>second home buyers from outside its borders.&quot;<br><br>The worst thing a potential purchaser can do is to remain ignorant of the<br>law and procedures involved in the conveyance of real estate in a foreign<br>country. As we state several times in this book, Mexico is not the perceived<br>&quot;Wild West&quot; where anything goes and the prevailing Mexican attitude is<br>&quot;trust me, no problema.&quot; It is inherently important for non-Mexican buyers<br>to understand that Mexico has formality of law with authorized regulation of<br>real estate development procedures at all levels. This process is coupled<br>with a statutory government framework for the legal conveyance of real<br>property.<br><br>Great personal wealth has been attained through real estate ownership, but<br>for most of us, it has been limited to investment in a primary residence.<br>Although Mexican real estate also can be a viable investment venue,<br>Americans have had a great deal more trepidation considering properties<br>&quot;south of the border.&quot; And for good reason-considering the history of some<br>acquisitions.<br><br>Given today&#39;s investment climate, however, Mexico provides an attractive,<br>alternative arena for potential investment. Real estate in Mexico should<br>have a similar appreciation &quot;upside&quot; as does real estate in a U.S.<br>development-coupled with the advantage of use and enjoyment of the property<br>as a vacation residence. This book clarifies what&#39;s possible.