Investment real estate refers to property purchased with the primary goal of generating income for profit, rather than being used as a personal residence.
FEATURED MEXICO LISTING
Location : Mazatlan, Sinaloa
Property Type: Luxury CondominiumProperty Terms: For SaleLocal Currency Price: Price in USD: $350,000
The investor, or owner, rents out the property to tenants directly or through a management company for short or long-term periods. In return the investor earns regular rental payments, which can be from residential rentals, such as houses, condos or apartments, or from commercial rentals which can be offices or retail spaces.
As the property increases in value over time, often used in growing markets (albeit there can be periods of decline) but overall property values do increase, and can then be sold at a profit.
Investors may be able to deduct expenses such as mortgage interest, property taxes, insurance, and depreciation adding to the value of ownership.
The best investments in Michoacan real estate that generate income for profit, starts first by selecting property from a wide range of different types of investments real estate, from residential homes, condos, duplexes, or apartments, to commercial offices, retail stores, or industrial buildings leased to businesses.
Also there are mixed-use properties combining residential and commercial elements as an option, plus land, with or without planning permission, that can be developed on or sold again for future real estate development.
Buying luxury property for personal use or as an investment in Michoacan 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.
