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FAQ
Frequently Asked Questions For Buying a Home in San Miguel de Allende
I always heard that Americans cannot actually own a property in Mexico—is that true?
No, that is not true, Buyers buying homes anywhere in Mexico that is not within 32 miles of the coast or 64 miles from the border—in other words, a place like San Miguel—can own fee-simple title, just like in the U.S. Only in coastal areas or borders, like Cabo San Lucas or Puerto Vallarta, are foreigners required to buy through a Fideicomiso, known as a bank trust or “nominee arrangement” (an IRS term).
Greg’s Sphere of Global Influence
Greg’s Sphere of Global Influence
