9 Questions To Ask Before Ruling Out Planned Communities

9 Questions To Ask Before Ruling Out Planned Communities

Checklist For Those Who Hate Gated Communities
Plus: IRA Properties—Should They Be In A Trust Or Corporation?
Every year, I speak with hundreds of potential expats at events, and I get thousands of emails from people considering moving to Latin America. Most say that they would never consider living in a gated community overseas… especially an expat-oriented one.Their arguments are good ones—and almost always the same. Because when we consider moving abroad—dreaming of moving abroad—much of the appeal has nothing to do with practical issues… the allure of overseas living has more to do with adventure, excitement, and a rich cultural experience.

And the best way to get that experience is to be part of the local culture… not to be part of a North American enclave.

So the vast majority of potential expats say the same thing: They would not consider a planned community favored Continue reading

10 Things To Know Before You Buy In A Planned Community

10 Things To Know Before You Buy In A Planned Community

Planned Communities: 10 Things To Consider Before You Buy

You’ve been dreaming about living abroad for years, and now you finally can afford to buy the perfect house in a beautiful gated community. You’re ready to sign on the dotted line, hand over the cash, and move in.

Not so fast—your dream home could rapidly become your worst nightmare.

By paying attention to these ten areas, you can avoid getting yourself into a home that is not what you thought it would be.

#1 The Condominium Regime

Is your dream home in a private gated community where visitors are restricted? If so, then in all probability, it must be legally formed as a condominium. Here in Mexico, only condominium communities are allowed to have gates that restrict who comes and goes.

If you like the gate restriction, then make sure you ask to see the legal paperwork that initially formed your community Continue reading