Who can own property in Mexico?

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Can I own property in Mexico? Foreigners can buy Real Estate in Mexico, and the process is generally straightforward. People are always asking “When I buy property in Mexico, am I buying a 99 year lease?” or “Do I have to have Mexican residency to buy real estate?” The short answer is no. However, there are some restrictions on owning land within a certain distance of Mexico’s borders and coastlines.

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In these restricted zones, which include areas within 50 kilometers (about 31 miles) of the coast and 100 kilometers (about 62 miles) of the border, foreigners are required to use a bank trust, known as a “fideicomiso,” to purchase real estate.
This is widely used and Fideicomisos are a normal part of our everyday Real Estate buying process in Mexico.


The bank trust involves a Mexican bank holding the title to the property on behalf of the foreign buyer. The buyer has all the rights of ownership, including the ability to sell, rent, and pass the property on to heirs.

The fideicomiso is a legal and secure way for foreigners to invest in Mexican real estate in restricted zones. In areas outside the restricted zones, foreigners can hold direct title to the property without the need for a bank trust.

It’s important to work with a reputable real estate agent and legal professionals who are knowledgeable about Mexican real estate laws to ensure a smooth and secure property transaction.

Additionally, keep in mind that laws and regulations can change, so it’s advisable to seek up-to-date information and advice when considering a property purchase in Mexico.

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Benny Love

Broker and Co-Founder


Ben started Wanderlust after becoming a veteran of the Latin American property development scene. With degrees in Anthropology and History, he has been attracted to the incredible cultural diversity and history of Mexico and Central America from a young age. A hunger to explore brought Ben to Nicaragua where he spent five years building custom vacation homes. Because these projects were mostly on raw land with limited resources, he was forced to learn all facets of the development process: he was expected to be the designer, architect, engineer, and builder. Most of the furniture, cabinetry, and windows were built by hand, as was general infrastructure such as roads, wells, and electrical and septic systems. These five years in Nicaragua have made Ben incredibly resourceful, and developed in him an “anything is possible” attitude.

While in Nicaragua, he joined his wife Kassidy’s nonprofit, The Sweet Water Fund, a grassroots foundation dedicated to inspiring Nicaraguan villages and empowering the local women through job opportunities, healthy lifestyles, and the arts. They spearheaded many projects such as nutrition and fitness programs, a suspension bridge over the local river so kids could more easily get to school, and a school kitchen built completely out of recycled materials.

After returning to the United States from Nicaragua, Ben became a general contractor in Sonoma, California. He completed multiple prestigious projects in the Sonoma and Napa valleys, including the remodeling of old-world wineries and the building of several spectacular second homes.

Three years later, Ben and Kassidy realized that the lifestyle and pace of Latin America was calling them back, so, in 2016, they and their two little boys, two dogs, and two cats made the leap down to gorgeous San Pancho to start all over again.

Ben was fortunate to work under Fred Feibel of F.L. Feibel y Asociados in San Pancho, where he developed a deep understanding of the practices and customs of Mexican real estate. After Fred’s untimely passing at the end of 2017, Ben took on the role of broker and lead agent and ran the office with his mentor’s high level of integrity and customer service. In the following year, Ben boosted the company’s sales by 350%, increasing its referral base and closing ratio.

Now a sought-after agent in the Riviera Nayarit, Ben decided to start his own company, Wanderlust Real Estate + Development. He brings his tenacity, organization, energy, optimism and creativity to the Wanderlust team and prides himself on keeping everyone on track and their clients informed, calm, and happy.