Dream Retirement in Mexico

Episode 16 - Insider Tips for Buying Property in Mexico: What Every Buyer Should Know

In this episode of Dream Retirement in Mexico, hosts Risa Morimoto and Taniel Chemsian provide valuable insight for prospective buyers interested in purchasing property in Mexico. They stress the importance of considering rental potential when making a purchase, highlighting the Durham Antics Zone as the best area for high rental frequency in the bay. 
While other regions also rent well, they may not have the same rental frequency. They also emphasize on the need for a reliable and experienced team when navigating real estate transactions, including a real estate agent, attorney, and suitable notary for the closing. 
They discuss the differences between buying property in Mexico compared to North America, and recommend using an MLS system to ensure reliable listings. They also provide important information about the process of closing property deals and the restrictions for foreigners buying property in the restricted zone. 
Here is a video explaining more about closing a deal that was mentioned in the podcast - https://www.youtube.com/watch?v=NkKVgattINU
Overall, the episode provides insightful guidance for those considering a dream retirement in Mexico and highlights the unique aspects of purchasing property there.
Join us alongside Puerto Vallarta real estate broker, Taniel Chemsian , and health care specialist, Pamela Thompson, as they share their expertise and insider knowledge. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Key Moments: 
[00:03:16] MLS support by Vallarta chapter of AMPI.
[00:07:57] Property manager ensures house well-maintained remotely.
[00:11:56] Clients renting long term in different regions.
[00:14:55] Beautiful town with active beaches and stunning sunsets.
[00:17:59] Vallarta: Beachfront resort with modern and colonial architecture.
[00:21:35] Meeting demand and building projects takes time.
[00:26:20] Foreigners acquiring property in restricted zone need trust.

Episode 15 - Purchasing and Renovating Your Home in Oaxaca, Mexico with Suki Tranqille

In Episode 15 of the Dream Retirement In Mexico podcast, hosts Risa Morimoto and Taniel Chemsian sit down with guest Suki Tranqille to discuss their experiences and lessons learned during their journey of moving and buying property in Mexico. 
Suki shares advice and cautionary tales about working with architects as contractors, emphasizing the importance of separate architectural plans and thorough budget examination. They recount their initial plans to move to Mirajin, Colombia, disrupted by the COVID-19 pandemic, which led them to Puerto Escondido in Oaxaca, Mexico instead. 
Suki expresses her love for Oaxaca, a vibrant city that meets the criteria of a mountain town with fresh air, diverse cultural activities, and a vibrant food scene. She also stresses the significance of learning Spanish to navigate daily life and establish connections with locals.
The episode covers important factors to consider when buying property, such as the need for a centralized real estate system in Mexico and the need to take time and not feel pressured into a deal.
Suki concludes by recommending different neighborhoods in Oaxaca based on individual preferences but advises against signing long-term leases and to find a place that matches one's personality.
 
Key Moments: 
[00:01:23] Happy accident leads to life-changing relocation.
[00:03:24] Unexpectedly ended up in Oaxaca and stayed.
[00:11:10] Expats prefer certain areas with eco parks and golf courses.
[00:24:05] Low maintenance costs and no heating bills.
[00:27:32] Architects in Mexico often act as contractors. Don't hire them for both roles. 
[00:32:49] Learning Spanish saves money, promotes connection.
[00:37:03] Costly mistakes due to lack of information. Watch before buying or renovating homes.
About the Guest -
Suki Tranqille is your trusted guide to navigating the intricate world of Mexican real estate. With extensive experience in buying and renovating property in Oaxaca, Mexico, and a deep appreciation for Mexico's rich culture, Suki brings a unique blend of expertise and passion to buying a home in Mexico.
Born with a spirit of adventure, Suki's interest in real estate began as she explored diverse global housing markets. Her experiences living in various countries ignited a fascination with the intricate processes of purchasing property as a foreigner. This passion led her to buy in the Mexican real estate market, where she has spent years honing her knowledge and establishing invaluable connections.
As the author of the Mexico Home Buying Course, Suki is dedicated to demystifying the complexities of buying property in Mexico. Her witty, approachable demeanor and sharp analytical skills enable her to break down complex concepts into digestible, actionable insights. Suki's course is a haven for those who seek to make their Mexican property ownership dreams a reality without the stress and uncertainty often associated with international transactions.
Suki Tranqille is a discerning consultant, sought after by both first-time buyers and seasoned investors. Her guidance extends beyond the obvious, as she provides personalized advice tailored to individual needs. Suki believes that an informed buyer is an empowered buyer, and she is dedicated to empowering her audience with the knowledge they need to make confident decisions in Mexico's dynamic real estate market.

Episode 14 - Relocating to San Miguel de Allende, Mexico with Michelle Wedderburn

In this episode of the Dream Retirement in Mexico podcast, Risa is joined by guest Michelle Wedderburn to discuss the process of moving abroad and settling in San Miguel de Allende, Mexico. Michelle emphasizes the importance of self-assessment, urging listeners to prioritize personal preferences and internal factors over the cost of living. She recommends visiting and researching neighborhoods before signing a lease and highlight the challenges and charm of living in an old city like San Miguel de Allende. Financial planning is also discussed, considering factors such as exchange rates, fixed income, and budgeting.
They also delve into various neighborhoods and transportation options in San Miguel de Allende. They stress the importance of considering the feelings and needs of other people coming with you, such as spouses or children. The implications of buying or shipping household items and the need to obtain residency if planning to stay long-term are addressed. Michelle advises listeners to make choices and assess their personal preferences and situations, as cities may suit different people.
Interested in relocating or retiring to Mexico?  Register for our FREE Webinar!  
Join us alongside Puerto Vallarta real estate broker, Taniel Chemsian and healthcare specialist, Pamela Thompson, as they share their expertise and insider knowledge. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Key Moments : 
[00:01:09] From Toronto to Mexico: The Journey to Move Abroad.
[00:04:37] Research, interviews, and a journey to Mexico.
[00:08:27] Important to analyze reasons, emotions, and planning when moving abroad.
[00:13:47] Lucky research trip leads to finding rental.
[00:18:37] Gated communities are popular in city outskirts.
[00:22:32] Starting a business in Mexico is doable but requires legal advice.
[00:29:38] Assess yourself before relocating to Mexico.
[00:36:57] Make your dream retirement in Mexico a reality.
 
About The Guest : 
Michelle Wedderburn, visionary Founder of Casa ELM Boutique Guesthouse and a dedicated Expat Mentor & Relocation Consultant, has been crafting her life story in the vibrant city of San Miguel de Allende, Mexico, since 2018. With her son by her side, Michelle has not only built a thriving brand reflecting their unique perspective but also embraced the warmth and acceptance of Mexican living.
As the gracious host of Casa ELM and a trusted relocation expert, Michelle has discovered her true calling. Fostering connections within the expat community, she relishes her role as a catalyst for change. Many seek to escape the stresses of life in the United States and embark on a new chapter abroad, and Michelle finds immense satisfaction in helping them make that leap.
For Michelle, life in Mexico is a source of boundless pleasure, and her sense of belonging within her community reaffirms her choice to relocate.
 
How to Connect with Michelle Wedderburn:
Website - www.casaelm.com
Instagram - @expatlife.mexico and @casaelm

Episode 13 - Discovering Mérida: A Charming City with Affordable Healthcare and Convenient Transportation Options with Nicholas Sanders

In Episode 13 of the Dream Retirement In Mexico podcast, host Risa Morimoto chats with Mérida real estate agent Nicholas Sanders to discuss various aspects of retiring or living in Mérida. The episode covers a range of topics, including real estate prices, popular neighborhoods, financing options, and transportation.
Nicholas provides insights into different areas for retirement in Mexico, such as Merida, Progreso, and Chuminopolis, highlighting the attractions and amenities each offers. He emphasizes the importance of considering lifestyle factors before making a decision and advises listeners to research and reach out to experts for guidance.
The discussion also delves into financing options, with Nicholas explaining the limited availability of bank loans in Mexico and the possibility of using cross-border mortgage companies or seeking financing in one's home country.
Transportation options in Mexico including bus services, taxis, and long-term car rentals, are also explored. Nicholas mentions the affordability of healthcare in Mexico, particularly in Mérida. 
The episode provides valuable information and insights for listeners interested in retiring or living in Mexico. It guides them through important considerations and resources to make informed decisions for their dream retirement.
If you are ready to take the next step to explore what retirement or relocation to Mexico could look like for you, then join us for a FREE WEBINAR - Dream Retirement in Mexico.   Puerto Vallarta real estate broker, Taniel Chemsian, and health care specialist Pamela Thompson share their expertise and insider knowledge on buying property in Mexico as well as healthcare options for foreigners.  Risa discusses the most popular destinations in Mexico for expats.
To secure your spot, simply visit https://www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Key Moments: 
[00:01:55] Mérida: Established city with charm and growth.
[00:04:16] convenient public transportation in Merida
[00:10:28] Affordable cost of living allows practicality.
[00:14:15] Suburban living outside city with gated communities.
[00:18:23] Understand process, budget, lifestyle when buying home.
[00:23:09] Limited financing options for property in Mexico. Higher fees for cross-border mortgages. Consider costs and alternatives before deciding.
[00:26:14] Chuminopolis: affordable neighborhood near central with attractions.
[00:29:36] Research, connect early, establish relationships, use resources.
[00:32:34] Make your dream retirement in Mexico real.
About the Guest : 
Nicholas Sanders is a seasoned real estate agent based in Merida, a vibrant city located three hours west of Cancun on the Peninsula. Originally from Indianapolis, Nicholas made the bold decision to uproot his life and pursue his dreams in Mexico. Despite encountering unexpected challenges along the way, he quickly adapted to his new surroundings and found passion and success in the real estate industry. With seven years of experience under his belt, Nicholas is part of a top-notch agency, helping clients find their dream homes in Merida. Living in this beautiful city for the past 12 years, Nicholas has truly embraced the local culture and lifestyle, making Merida his beloved home.

Episode 12 - From Vacation to Relocation: Exploring the Realities of Living in Mexico’s Popular Tourist Destinations with Kirsten and Mark Raccuia

In this episode of Dream Retirement In Mexico, host Risa Morimoto explores key factors to consider when retiring in Mexico with Kirsten and  Mark Raccuia. Kirsten and  Mark share insights on topics such as credit cards, banking, and healthcare. They discuss the importance of getting credit cards before retiring to maximize benefits and credit limits. They also suggest streamlining banking accounts and opening a Charles Schwab checking account for retirement. 
The episode highlights a cautionary tale about a friend from Canada who underwent affordable knee surgery at a middle-tier local hospital without health insurance. Insurance options are available depending on age, and good healthcare can be obtained, though paying out-of-pocket is also possible.
Kirsten and Mark emphasize the significance of visiting and experiencing a location before buying property, and caution against rushing into real estate purchases. Rental options are affordable and allow for a better understanding of the area. They share their own experiences in a city that mixes local Mexican and foreign tourists, creating a vibrant and energetic atmosphere. 
 
Join our FREE Dream Retirement in Mexico webinar – a valuable resource for anyone considering retiring in Mexico. In this complimentary online event, we'll explore the most popular retirement destinations in Mexico, provide essential insights into buying property, and discuss health care options for foreigners.
Join us alongside Puerto Vallarta real estate broker, Taniel Chemsian , and health care specialist, Pamela Thompson, as they share their expertise and insider knowledge. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
 
Key Moments: 
[00:02:18] Moved from Penang Malaysia to Mexico to be closer to family.
[00:04:35] City has tourists, locals, vacation vibe.
[00:12:49] Great customer service and amazing beach culture.
[00:14:01] Beach access and amenities missing in Penang.
[00:19:50] Peaceful Penang, Puerto Vallarta less dangerous than Chicago.
[00:24:48] Hiking trip with uninsured friend, affordable surgery.
[00:29:35] Prepare for retirement: get credit cards, streamline banking.
[00:34:52] Closer distance means shorter travel time.
About the Guests : 
In 2013, Chicagoans Mark and Kirsten took a leap of faith. Tired of the relentless grind of the American hamster wheel, they said goodbye to all things familiar and embraced the unknown by moving to the enchanting island of Penang, Malaysia. Not to retire but to rewire their lives. 
Over nine transformative years, they immersed themselves in the exotic culture of the region. During that time, Kirsten created Sand in My Curls, a blog that uncovers the realities of expat life - the highs, the lows, and the beautifully imperfect moments that come with it. In 2022, with a heavy heart but a sense of anticipation, Mark and Kirsten left behind the life they built in Malaysia. Unsure of what was next, they went to Puerto Vallarta, Mexico, to regroup for a month.  What was meant to be a brief stint turned into 1.5 years of adjusting to a wholly different Mexican life. They've said adios to one chapter while welcoming another, making memories, and discovering the beauty of rewriting life's script.

Episode 11 - Uncover Your Perfect Retirement Haven: The Charm and Convenience of Puerto Vallarta

In Episode 11 of the Dream Retirement in Mexico podcast, hosts Risa Morimoto and Taniel Chemsian discuss the popular neighborhoods for expats to live in Puerto Vallarta (PV). They start by describing PV's location in the state of Jalisco on the west coast of Mexico, nestled in the center of Banderas Bay, which offers breathtaking views and opportunities for whale watching, dolphins, and sea turtle sightings. Taniel, who has lived in PV for 19 years, notes the city's growth and development, including improvements in infrastructure such as the airport and cruise ship terminal.
The hosts emphasize the romantic zone as the most popular neighborhood for expats in PV. Its charming cobblestone streets, abundance of restaurants, cafes, and nightlife, proximity to Los Martos Beach, and walkability make it an attractive choice for retirees. Investing in property in this area is also considered lucrative. Risa and Taniel mention that having a car in the romantic zone can be inconvenient due to traffic, but public transportation options like Uber and buses are available.
They also highlight Amapas and Conchas Chinas neighboring areas as another great option for expats. These hillside residential areas offer beautiful homes and new condos, bordering the romantic zone.
Overall, this episode offers valuable insights into the ideal expat neighborhoods in PV, helping listeners make informed decisions about their dream retirement in Mexico.
Introducing our "Dream Retirement in Mexico" webinar – a valuable resource for anyone considering retiring in Mexico. In this complimentary online event, we'll explore the most popular retirement destinations in Mexico, provide essential insights into buying property, and discuss health care options for foreigners.
Join us alongside Puerto Vallarta real estate broker, Taniel Chemsian , and health care specialist, Pamela Thompson, as they share their expertise and insider knowledge. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
Key Moments: 
[00:03:07] Viarta is growing with expanded infrastructure and attractions.
[00:04:38] Charming romantic zone with everything you need.
[00:10:28] Up-and-coming neighborhoods.
[00:14:32] Fluvial has bilingual schools and nice homes.
[00:17:47] Summers have heavy rain, mainly in August-September.
[00:20:50] For social people, go to the romantic zone or Versace for restaurants. Marina is good for quiet dinners closer to town. Further south is quiet with few restaurants. Further north has more restaurants and development. La Cruz is busy but not a nightlife scene like the romantic zone.

Episode 10 - Plan Your Dream Retirement: Overcoming Language, Work, and Immigration Challenges in Mexico with Tracey and Glen Muir

In Episode 10 of the Dream Retirement In Mexico podcast, expats from Florida turned Cabo-based real estate agents, Tracey and Glen Muir share their journey from Canada to Tampa, Florida, and ultimately their decision to make the leap to move to Cabo San Lucas, Mexico.
They discuss the importance of careful planning and research before making such a big move. From listing and selling their house to navigating visa requirements and immigration processes, they offer valuable tips and insights for potential retirees considering a move to Mexico.
One of the significant considerations they discuss is the topic of vehicles and the importance of understanding the rules and regulations regarding Mexican-plated vehicles versus American-plated vehicles. They also share a loophole they discovered in the Baja Peninsula, where American or Canadian-plated cars can freely travel without restrictions.
Tracey and Glen emphasize the need for clarity and clear communication with their partners when making significant decisions. They share their experiences and the conflicting emotions they encountered throughout the process.
Overall, the episode provides a wealth of information and personal experiences to guide and inspire those dreaming of retiring in Mexico.
 
Key Moments :
[00:05:31] Choosing to leap for an extraordinary life.
[00:09:32] Riskier move to different country with no prospects.
[00:13:27] Important steps to consider for moving to Mexico
[00:15:08] Options for permanent residency in Mexico 
[00:23:13] Importing vehicles to Mexico can be complicated.
[00:25:14] Taxes, import duties, insurance: car complications summarized.
[00:31:47] Bank account is essential for house ownership.
[00:35:06] Encourage expats to get medical insurance.
About the Guests : 
Glen Muir and his partner Tracy had full-time jobs in the United States when the COVID-19 pandemic hit. Like many others, they faced the possibility of being laid off temporarily. Fortunately, they eventually returned to work, but this unforeseen break allowed them to pause and reevaluate their lives.  The couple had always dreamed of moving to Mexico for a new adventure, and this unexpected situation gave them the perfect opportunity to explore that possibility. With extra time, Glen and Tracy decided to go online and start researching houses in Mexico. 
They crunched the numbers and realized that with the current exchange rate, the savings they had amassed could cover their expenses for a couple of years. Excited by this prospect, they felt that the pandemic had been a catalyst for reevaluating their priorities and taking the leap to pursue their dream of living in Mexico. 
After careful consideration, Glen and Tracy boldly decided to pull the trigger and move to Mexico. They were ready for a change and felt that this new chapter in their lives would bring them fulfillment and adventure. By embracing the unexpected challenges brought by the pandemic, Glen and Tracy found the courage to create a new life for themselves in a country they had always dreamed of exploring.  They have since become real estate agents in the Cabo San Lucas area.

Episode 9 - Renting in Puerto Vallarta: A Guide for Foreigners Looking for a Dream Retirement with Alma Pietra

In Episode 9 of the Dream Retirement in Mexico podcast, host Risa Morimoto talk with guest Alma Pietra, an rental agent in Mexico. Alma shares her insights and advice for renting properties in Mexico.
Alma discusses the negotiation process and highlights the importance of good communication between tenants and owners. She emphasizes the importance of building a good relationship with the landlord and offers tips on doing so. She also warns listeners to be cautious of scams and work with reputable agencies or referrals.
The episode also touches on renting in different cities in Mexico, focusing on Puerto Vallarta. Alma mentions that renting as a foreigner in Puerto Vallarta is easy, and property owners are open to renting to foreigners.
Overall, the episode provides valuable insights and tips for renting in Mexico, highlighting the importance of communication, caution, and building relationships with property owners.
If you're interested in finding out the best places to live in Mexico, or perhaps you're interested in learning how to buy property in Mexico, or you want to know the healthcare options for foreigners, then join us for our FREE WEBINAR. We'll talk about all these important topics and more. Click here for more details :  https://www.dreamretirementinmexico.com/webinar/
 
Key Moments: 
[00:01:22] Renting and buying in Puerto Vallarta is easy for foreigners as many owners are familiar with the process and welcoming.
[00:03:05] Foreigners staying over a month need documents: passport, references, rental application, payments.
[00:11:48] Renting requires good communication, trust, and responsibility.
[00:16:44] Beware scams, work with reputable agencies or owners.
[00:18:49] Property and rental management services with inspections.
About Alma Pietra
Alma Pietra, is a rental real estate expert based in Puerto Vallarta. Alma believes that understanding the specific needs of foreigners in different places is crucial. Depending the city in Mexico, the requirements for foreigners to rent can differ significantly.  Alma shares that the rental markets in popular tourist destinations like Cancun, Playa Del Carmen and Puerto Vallarta are quite similar, but the prices can be very different depending on the location. As COVID-19 led to numerous changes in the real estate market, Alma remained curious about the evolving dynamics of these cities and the impact on rental prices. With her expertise and passion for exploration, Alma continues to navigate the ever-changing world of real estate and help others find their perfect home, no matter where they are.

Episode 8 - Insider Tips for Buying Property in the Riviera Maya with Susana MacDonald

In today's episode, Playa Del Carmen based real estate agent Susana MacDonald shares her firsthand experiences and insights on real estate opportunities in Cancun, Puerto Morelos, Playa Del Carmen, and Tulum.
Susana takes us on a journey through these vibrant and picturesque areas highlighting the stunning ocean views, the booming rental market, and the unique charm of each location. She also provides invaluable advice on navigating the Mexican real estate market, including the importance of working with licensed realtors, conducting due diligence, and understanding the local culture.
Whether you're considering purchasing your dream retirement home or simply seeking a beachside getaway, this episode is packed with essential information and captivating stories that will inspire and guide you on your own Mexico adventure.
 
Key Moments:
[00:02:11] Canadians moving to Mexico for beach living.
[00:08:52] Affordable long-term rentals in Cancun with ocean access.
[00:17:04] 2 bed, two bath condo near the oceanfront. Tulum's natural beauty and charm are appealing.
[00:22:21] Favorite areas to buy: Kibar Road, Aldea Zama, Lavaletta, Region Fifty. New areas in La Valeda with unpaved roads. 
[00:28:16] Good hospitals in Cancun, Playa Del Carmen. Health insurance is available in Mexico.
[00:34:11] Costco, Sam's Club, Walmart in Cancun, Playa del Carmen, and Tulum. Delivery service available for shopping. Good prices on produce.
[00:39:32] Realtor and attorney recommendations for a smooth process.
About Susana MacDonald -
Susana MacDonald is a real estate agent based in Playa Del Carmen. She specializes in residential properties throughout the Riviera Maya region.  She can also be seen on several episodes of House Hunters International and Mexico Life.  Susana is also a certified yoga instructor.

Episode 7 - Exploring the Condo Market: Pre-construction to Resale Options

In this episode of Dream Retirement In Mexico, hosts Risa Morimoto and Taniel Chemsian dive into the intricacies of the condo real estate market in Mexico. They discuss the popularity of condos among baby boomers and generation X individuals who are looking to downsize and simplify their lives.
 
They also highlight that not all cities and regions in Mexico have a strong condo market, with some places having a culture of traditional colonial homes. For example, in Oaxaca City, finding a house is more common than finding a condo due to limited availability. They emphasize the importance of gathering all the necessary information and consulting professionals and experts when making real estate decisions in a new country.
 
The episode also explores the topic of pre-construction and resale condos. The decision between the two depends on an individual's style, taste, and comfort level. It is crucial to conduct thorough investigations into the developer's history, financial standing, project funding, and legal documents such as construction permits and environmental impact studies. Taniel stresses the importance of hiring a real estate attorney to guide and provide a deep dive into these aspects.
 
Overall, this episode serves as a comprehensive guide to navigating the condo real estate market in Mexico, providing valuable insights, tips, and precautions for individuals considering retiring in Mexico.
 
Introducing our Dream Retirement in Mexico webinar – a valuable resource for anyone considering retiring in Mexico. In this free online event, we'll explore the most popular retirement destinations in Mexico, provide essential insights into buying property, and discuss health care options for foreigners.
 
Join us alongside Puerto Vallarta real estate broker, Taniel Chemsian and health care specialist, Pamela Thompson as they share their expertise and insider knowledge. They will be there to guide you through the process and answer any questions you may have.
To secure your spot, simply visit www.dreamretirementinmexico.com/webinar and choose the date and time that works best for you.
Key Moments: 
 
[00:01:24] Construction booming in Banderas Bay and the Pacific coastline. Different contracts for pre sale and resell.
[00:03:36] Ownership rights held in trust, not by a bank when purchasing in the Restricted Zone. Primary beneficiary and substitute beneficiaries explained. Preconstruction contracts have varied payment terms. Developers may consider modifying payment terms.
[00:07:47] Ensuring coverage for purchase sale contract
[00:10:40] Important considerations when buying a property
[00:16:26] Available amenities: dedicated home offices, coworking spaces, fitness centers, pools
[00:20:33] Modern buildings with minimalist design and natural elements, different styles and sizes based on location, equal surge in preconstruction and resale. Pre-construction projects take time to launch and require extensive documentation for MLS approval.
[00:24:54] Condos popular for retirees, but varies by location. Choose between pre-construction or resale. Seek professional advice and be cautious.