June 2021 – Grupo Select

Why invest in vacation properties

What began as an alternative to rent your house or an extra room in your home, has become a lucrative business which more and more investors prefer, because of the high yield that these types of properties produce.

Grupo Select recommends to invest in vacation properties for these reasons:

Double benefit.
You will have a property that you can use as many times as you want and the rest of the year rent it to produce an income and cover expenses.
Safety and hygiene.
More and more travelers prefer to stay in vacation rental, because it is cheap, private and it is easier to follow the new hygiene protocols.
Capital gain.
A property in a vacation destination increases its value more than properties in a place with less demand.

We recommend you to contact the experts, so they can advise you on your next real estate investment decision.

GRUPO SELECT

Contact:

Whatsapp (+52) 998 241 2424.

admin@gruposelect.mx.

Cel. (+52) 984 163 6343.

Why to hire a real estate management company

Photo: www.implika.es

If you are considering how to manage one of your properties, consider the following: A professional management company is trained and experienced enough to solve the day-to-day needs of your property.

They also have knowledge in different vital areas for real estate, such as:

Legal and accounting. By hiring a professional property management company, you ensure that all conflicts related to your property are resolved correctly. In addition to paying bills on time avoiding penalties.
Maintenance. It will ensure that there are professionals working for the proper functioning of the property and not someone who will dedicate only as much time as they can or people not recommended.
Occupation. Many real state management companies in Mexico also offer the service of renting your property generating extra income. Such as Grupo Select, that only charges a commission that is recovered with the benefits of higher rents, and provides the recurring income that you are looking for.

By hiring a professional property management company in Mexico such as Grupo Select, the owners get quality of life, since they will not have to use their own time and will have the peace of mind that their property is being taken care and profitable at any time.

Find out how GRUPO SELECT increases your income, keeping your property impeccable:

How to buy a house in Mexico as a foreigner

There are many reasons why Mexico is one of the preferred countries of foreigners to invest. Whether it is for a vacation residence or to make it your new permanent home, the country has a lot to offer.

Choose an unrestricted location
According to article 27 of the Mexican Constitution, a restricted area is known as an area that comprises 100 kilometers from the line that marks the border towards the interior of the country. Beach areas that are less than 50 kilometers from the ocean are also restricted. If the house you want is within a restricted area, you can choose a bank credit or acquire it through a Mexican corporation.
Request the necessary permits
One of the requirements to buy a house in Mexico as a foreigner is to have a permit granted by the Ministry of Foreign Relations. This procedure is carried out in person at Dirección General de Asuntos Jurídicos en México.
Get a financing plan
There are credits for foreigners in Mexico, which can be granted by national banks, or even by Infonavit or Fovissste. The requirements to apply for financing tend to be the same as for any Mexican. Additionally, you must have a valid passport and a document that proves your legal stay in the country.

When you have your property, monetize it with Grupo Select! Make profitable and keep your property impeccable for vacation or long-term rental. Trust the experts!