"Wiggle Room" on a custom home bid?
I just received a bid to build our custom home. Approximately what percentage of the bid price is "jiggle room" for the builder to negotiate with me?Answers: perchance none. If he is bidding against other builders, he may have given you the best price. That's what we do.
250K budget, what can I expect to find within Mexico as a time off home?
What locations would you suggest?Would this get me a condo or a house?
I'd prefer a condo beside maintainence.
If you have a connect to international reality groups it would be appreciated.
What helpful of taxes would apply?
I guess tell me anything you can roughly owning a home in Mexico and residing within the US too.
Answers: Depending on the state you want to live in. I would suggest a city surrounded by mid mexico named Cuernavaca contained by the state of Morelos, specifically Tepoztlan for a quiet town near excellent views of the grees mountains or more centric surrounded by a nice upscale city called Palmira. For the money you can find a house. You call for to contact centruy 21 or I can give you my personal legitimate state agent and broker info, for more information about the transaccions. You may have need of a "fideicomiso", like a receipt to buy if you are not mexican. See the links of what can you get for the money. Let me know if you call for help beside translation or for more references. You can hire private maintainance for you home particularly inexpensively. A condo in the most luxurious building within town costs around 350k. Good luck.
I saw beautiful condos within greater Cancun last summer when I be there contained by your price range.
I would rent first. I do not trust Mexican law as any day they could whip your property away. It happend to us in Central America. I'm not motto it will but it can.
It's happening to a Mexican friend surrounded by Cancun right now.
I'm sure you can find great rentals down at hand but I wouldn't invest there unless you can afford to lose your investment.
Good luck!
Can we use our IRA (regular or Roth) to purchase investment property (for rental income)?
I want to take benefit of the current housing maket and use my IRA (for mine it is Roth, for my wife it is not) to purchase a real estate property within CA or NV for rentalAnswers: In short, yes you can use your Roth IRA to invest in actual estate.
There are some very specific duty laws in relation to using Roth IRA's. You will want to consult with your import tax professional before doing anything.
The benefits of using your Roth can be substantial. The are no boundaries in expressions of profit that can be earned. Best of adjectives the profits are tax free!
Don't do it...purely because it's legal doesn't be going to it's appropriate to do so..payday loans are legal but other a bad thought.
penalties...taxable income..loss of growth protential..unpromising.bad...bleak