Cheap Distressed Mexico City Mexico Luxury Properties and Investments
Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Featured Mexico Listings:
Mexico
Casa Tropical - Sayulita, MX - AirBnB or Retail
Location
sayulita, nayarit
Property Type
Investment
Bedrooms
3
Bathrooms
2
Price
$299,000
Buying luxury property for personal use or as an investment in Mexico has a wide range of benefits, especially if right location is selected.
As an overseas or international buyer foreign ownership through a fideicomiso (bank trust) or Mexican corporation, means that foreigners can legally own property in coastal and border areas.
This also provides a possible residency option and gateway as owning property can help in qualifying for temporary or even permanent residency.
There are many places to find distressed or foreclosed properties in Mexico, for examples you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses and you may find cheap distressed Mexico City Mexico property for sale with broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
