How to LIVE IN MEXICO LEGALLY if you're BROKE
Вставка
- Опубліковано 5 лип 2024
- In this video I´m showing you a way that almost anyone can qualify for legal residency in Mexico that you´ve never heard before.
Watch Next: "BEST MEXICO CITIES to live on $1000/mo" • BEST MEXICO CITIES to ...
With inflation raging in the US and Canada, there are a lot of people who are struggling to survive. Many of those people are looking to places like Mexico with they´ll be able to live a much higher quality of life on their income and savings.
The problem is that Mexico continues to raise their financial requirements to obtain residency. In this video I´m showing you how to qualify even if you don´t qualify on the surface.
But let´s say the strategy in this video doesn´t work for you for some reason, well there are many other paths that you can take to get residency in Mexico.
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
ABOUT ME
I'm Jordan, an American living in Mexico with my Husky, Laska. In January of 2018 I left the US to start traveling Mexico. Since then, I've been making travel videos about my life in Mexico, travel tips, Las Vegas tips videos, and advice for those considering moving abroad.
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
Tangerine Travels perks & apparel!
► EMAIL NEWSLETTER: aw194924.aweb.page/tangerine-...
► CHANNEL MEMBERSHIP: / @tangerinetravels
► PATREON: / tangerinetravels
Things I mention in my videos!
► Learn Spanish Fast: www.TangerineSpanish.com
► VPN: www.TangerineVPN.com
► Mail Forwarding Service: travelingmailbox.com/?ref=449
Follow me on social media!
► FACEBOOK: / tangerinetravels
► INSTAGRAM: tangerinetravelsjordan
► TWITTER: / tangerinetravls
► BUSINESS INQUIRIES ONLY: ourtangerinetravels@gmail.com
We ONLY include affiliate links for products we use, love, and trust. If you make a purchase after clicking on our links, we may earn a commission which helps us continue our travels and produce more videos.
#TangerineTravels #Mexico #LivingAbroad
WATCH NEXT: "BEST MEXICO CITIES to live on $1000/mo" - ua-cam.com/video/NKID96HTrSk/v-deo.html
She could take out a home equity loan for the amount of savings required, deposit it in a savings account for a year, pay the interest on the loan. Get the residency approved based on savings, then pay off the line of credit.
I was thinking the SAME THING!!
I'm curious to the response on this tactic.
Either that or start a business, take a loan under its name and Pay Yourself For 6 months, get Qualified and then pay it off.
Obviously. I thought the same. This Mexican system isn’t perfect. Lol
The funds have to 'season' in her account for a year in order to qualify for residency based on savings. Also, it's questionable how much of a HELOC she could get given how modest her monthly income is. Perhaps a reverse mortgage could be a solution 😊 Or just sell the home already and let the funds season for 1 year.
One thing sally could to is transfer het savings into a new bank account (the one she is going to show the mexican government) on a monthly basis. She has $20k, so that's $3333.33 per month. She could also have her SS going into the same account. If she only had $3500, she could withdraw cash weekly, convert it to a postal money order and redeposit making it look like income. I am not a financial planner, my comments are for entertainment purposes only.
Sally would need to do your plan for at least 12 months. It is required to show monthly statements of your accounts. He says six months but they really want 12.
@@kd8199 , Las Vegas Consulate only wanted to see 6 months when I did this about 14 months ago. Need to check with the local Consulate for "due diligence". ;-)
@@calistatejobcoach - I did check. McAllen, TX wants 12 months. They also have the lowest income requirements in the country. Thanks.
@@calistatejobcoach - actually it’s changed. My bad. Phoenix consulate requires $2500 a month. McAllen is now $2800 a month. And it depends on which consulate you go to as to whether they require 6 months or 12 months bank statements. I just looked it up again for about the 6th time. It does change with time so due diligence, like you said, is a must. I was just pointing out 12 months was required when I last checked at the McAllen, TX consulate. Should also add that’s after taxes are taken out.
Where do find what your consulate requires?
Good thinking. She can sell her house for over 300k, and stick it in a high yield interest account, too. As long as she has the 300k amount in savings is all it takes she can become a permanent resident.
If she doesn’t want to sell her home, she can either rent it out and show the rent as income, or take a reverse mortgage on the home, where she keeps the home and takes half the value out as monthly payments
another option: Big Spender Bill marries Saver Sally 😅
😂
I love it! I could definitely pull this off. I'm so excited, thank you so much 😊
Thank you for this! This is very informative and answered many of my questions.
people who skirt the rules inevitably get theirs in the end.
Another great post, educating others
Great deep dive Jordan
Thanks for great information .
One of your best descriptive videos. Gracias
I love the creativity!!!😊
Super informative! Thanks
Thanks for the info - I was wondering about this very thing, thought of starting a 'business' mainly to pay myself LOL I think I'm good anyway but pretty close to the edge as limits keep increasing.
Very informative and helpful Jordan. Thanks!
🎉 love the brainstorming! Now you have me brainstorming! Lol I lovette! ❤ 😊
When I first applied for residency at the Consulate in Toronto they told me that the proof of income was to prove that you could support yourself living in Mexico. As you show in this video falsifying your actual ongoing income just makes no sense. Saver Sally will have zippo to sell In Mexico so her income does not qualify. She could also have just transferred amounts every month from her savings. Again, not ongoing income. When I first applied back in 2017 my pensions fell just short but thanks to the GST tax rebate deposits I did squeak through. As much as I would love to live out my life in Mexico the income requirements have now doubled so Mexico doesn't want anymore Canadian pensioners. Our measly pensions that leave us below the current poverty level, let alone with food costs inflation, went up .01%, yes, that's point one percent, not doubled. Mexico used to be the number one country to retire in. Not anymore.
Good info to have. Thanks for sharing.
Yes it is.😂
QUESTION: What do you think is the #1 country to retire? (I'm also looking into Paraguay & Philippines)
Or you can marry a Mexican... I'm single.
I think this is your most valuable video ever! Thanks 🙂
Good information - thanks
If you move to Mexico with a very low income, just don’t try to live a homeless lifestyle. In Mexico we don’t welcome tent ⛺️ cities, like in the United States.
While mostly IT IS about meeting qualifications, the part about the immigration interviewing agent IS definately true. It can come down to the basic fact that said agent may not take a liking to the applicant for w/e reason, I have personally witnessed this on "both sides of the line" (Mexican immigration/US immigration) various times. I once helped translate for an elderly (80s+) Mexican couple applying for a visa to visit family in USA. They had forgotten to bring ALL of the necessary financial staements, the Immigration agent just looked at them, looked at me & said "well it's not like their going to go apply to work for Wall St.". He then stamped their Visa apps approved. Another time I was again helping translate for another couple (younger this time, mid 40s, 30s, 3 kids). The father was very frustrated from the ordeal (getting passport pics, copies, long wait times in lines) he fully covered all requirements above & beyond. He unfortunately blurted out "danmed gringos & their endless beurocracy to in the end just do w/e they want". Unbeknownst to us the door to the back part of the office was ajar, shortly after the immigration agent came in didn't even look at the folder w/paperwork & said "you're very right Mr. so & so it comes down to my discretion & I don't think I like your attitude" stamps the folder face Disapproved & ends with " better luck in 5yrs & ty for the $20k USD, in the future I suggest you mind your surroundings before making blanket derrogatory statements". On the other side (Mexican immigration) I was again translating this time for an expat neighbor (65) who had temp residency & was applying for permanent. She gathered all necessary bank statements, printed out & filled all forms. We went to the Mexican immigration office met w/the agent w/whom she established an immediate rapport, she got her forms stamped was told to go pay the fees at a nearby bank & come back w/the receipt of payment. once done that the agent said they had a cpl weeks backlog for application reviews & she'd be receiving an email w/her next appointment date. a month or so later she gets her appt date we again travel to the office, but this time she's attended by another agent as the previous agent was on vacation. This agent was younger, & more brash & basically gave my neighbor a hard time because of her lack of spanish saying that if it was up to him he'd deny this application but would approve her for another temp term so she could "learn the language" of the country she intended to become her new home. in the end her review had been given positive review by the previous agent & he was just in charge of taking the file to his boss for signing so she basically was approved. This was 4yrs ago & her spanish whilst improved is basically just above atrocious but she continues making an effort LOL. Mind your p's & q's kids & always be aware of your surroundings.
PayPal does not process eBay payments anymore. Ebay processes the payments directly and deposits the money into your account.
You are great...!!!!!! 3 mo ago I foud your youtube clip about the regularization program, after 180 days viza expires. I hired an imigration lowyer...now I have my Temp Rezidency Card. You are my Shining Star ❤., Tks buddy.
I'm happy for your life changes with your awsom Mexican wife, WISH YOU HAPPINES JOY AND HEALTH .!!!! 😊
THANK YOU!! 💡😁
Hi Jordan, I like this idea of yours. This said, the Regularization of Status program is still working and it is By Far the Easiest way to get residency in Mexico currently.
I’d agree that it’s the easiest. For someone coming to Mexico today it will only work if they renew the program in 2024. Im guessing they will since they have done it each year since COVID but who knows.
@@TangerineTravels I hope more people take advantage of this option while it's still available 🙏😊
I tried doing something very similar-but the Orlando consulent turned me down-they wanted proof from Schwab of length and total of balance. I met the $3000.00. It was still a no go.
Try at a different consulate. I bet you’ll have better luck
Brilliant!!! We humans have to always be more creative just to get around senseless rules.
I love you dude, for going so deep into these beneficial topics.
Read another account . . . absolutely the case that since she owns her home, she can take out equity from her home and meet the savings requirement, currently at $50,000, based upon turning her home equity into cash. She is selling her house anyway to move to Mexico . . . her home equity loan will clear entirely when she sells her house, no trouble to her. : )
Question?....first thanks for another great video helping people get to MX! Can you please do a video on shipping suit cases or boxes to MX. We don't intend to ship all house hold goods, but would like to send about 5 suitcases or even boxes about a week before we fly there to permanently live. I did find a company called "Send My Bag" that seemed pretty good. DHL was very expensive. I like how you dive in and get all the details. Thanks!😊
Why doesn't Saver Sally sell her paid off home? Wouldnt that give her enough $$$ to qualify? Or if she plans on keeping it then she would likely rent it, so the rent would be an income stream.
Good question! She could do either one of those things as well. But if she sold it she would have to wait a year after getting the cash into her account because you have to show 12 months of statements showing that you met the minimum amount every single month.
Very interesting.
Buying things you can sell for more to meet the spending requirement for a credit card bonus is genius
I am having a crazy difficult time contacting the consulates in my area. Their link for appointments- page not found. The phone number they both give lets you select english but routes you to a message in Spanish that plays over and over and over. I will have to consulate shop and fly somewhere. OY!
Thanks Jordan... Usd 3К is a lot of money for a Canadian. I feel like it is unreasonably high for a single person considering that Mexico is supposed to be more affordable to live in. It is also not easy to sell things for so much unless you are ok getting 10-30% of the cost. I've been trying to sell clothes on poshmark, craigslist, fb marketplace & groups, it is super time-consuming as is often not worth the effort imo unless selling in bulk. Yet not my experience. Maybe ability to sell varies.
I'm very happy for you Jordan, you look like a young version of Grant Cardone
Hi Jordan, is it difficult for Americans to open a business in Mexico?
Excellent presentation.
What is the most funds required for financial solvency for a family of 6? Would the main applicant show all the funds in one account? After the week in Mexico gaining the residency cards, can the family leave Mexico until the year renewal (Do they have to go back to Mexico to renew)? I am asking how much time is needed to be spent in Mexico?
You need to have a video about the new way to get a visitor visa with no financials needed! All you need is an expired FMM for a program started during COVID. I went to immigration and have my interview today for temporary residency for 4 years, no renewal. Then automatically turns into permanent in 4 years. No interview at consulate in the US either!
QUESTION: Are you saying they don't actually look at the description for the deposit, but only the amount?
So, if I had 3 different bank accounts, and just transferred the money around...it could show $3,500 in money flowing in & out every month...and that would qualify??
Is there a bit of a difference if a person is already in Mexico? Like let's say they have been in country for the last 6 months would they still have to leave the country to start the process?
If you´ve been in Mexico for more than 6 months already and are on an expired visa you probably qualify for the regularization program which is a much easier route to go.
Jordan, thank you for this video. For a while, I’ve been wondering whether the Mexican consulate would be okay with my income, which can only be earned in the United States, not in Mexico. Seems like as long as my monthly deposits are big enough, they won’t care otherwise.
Dosent matter the sources of your income. Just that you receive it.
Correct. It doesn’t matter that you won’t have your income in Mexico. I mean… maybe there are some cases where they’ve denied people for that however if you had that bad luck you could just apply at another consulate and most likely get approved
Thanks for the info, guys. 👍
Wow. I always thought you had to prove some type of income that would be consistent even while living in Mexico. Remote work, rental income, retirement or whatever.
That's not entirely true. It depends on the consulate requirements where you go in the US. I had to prove my income was going to be made remotely through a letter from my boss with also a copy of his drivers license! I was pretty shocked but it wasn't as easy as proving 6 months deposits. Best advice- Find a Professional Mexican Immigration facilitator and they will tell you what the requirements are in your state for free.
So, Jordan are the two of you moving to Mazatlan?
Why wouldn’t you just open an llc in Wyoming or SD. Open up a few credit cards with 0% into bonuses. Send the money from your 0% apr card to your llc using plastiq. Then slowly transfer the funds back to your personal bank account. The fee would be 2.9% but with some banks paying over 5% you should be able to easily break even. You could do the same thing with a heloc if “saver sally” had a paid for house
WHAT HAPPENED TO THE COOKING SHOW YOU GUY WERE GOING TO LIVE STREAM????????
How easy/hard is it to move to Mexico with your pet's? And is there a limit on how many pet's you can bring?
Probably doesn't matter unless they don't have certain vaccines
UK England. ONLY consultant requires you to have 12 month of savings in a bank/ investment with records for £45,000 at today's exchange rate that is $56,938 dollars or £2,600 ($3,825) income which you have to supply wage slips and show on 12 months of bank statements with a employer official letter stating you will continue to be employed while in Mexico for the next six months. So count your selves very very lucky. Ripe off Britain at its best.
more people like You should be come into My country.
I'd be sure to verify this info, just to be 💯
I already have my temp res based on savings but when I researched it in the past I think you had to show 6 months of job income and also a letter from your employer. This was in 2021 so maybe it’s not still a requirement, or maybe it was just at my consulate (Detroit), but do your research!
That’s just going to be at a few select consulates. Asking for a letter from your employer isn’t common.
@@TangerineTravels glad to hear that! Great tips thanks- will share with my daughter and others :)
My Philadelphia consulate has WAY different requirements. $5346 a month or $213,843! How can this be so different than the lawyer said that you interviewed.
That sounds like the number for permanent residency, not temporary. Permanent is higher
Jordan, how do you think this compares in Mexico with Ecuador?
It´s much easier to qualify in Ecuador
@@TangerineTravels Thanks for confirming what I thought. You know how people think about these things. Ecuador has no cartels no political conflicts, mostly mild weather, a few Pros compared to Mexico. Their residency issue though requires staying 21 out of 24 months in Ecuador in the two years preceding applying for permanent residency (with an allowance of 90 days abroad per year) which Mexico of course doesn't require.
When are you going to take May to visit the USA? That would be a great video. I'd love to see her reaction, especially Vegas.
Why do the financial requirements differ depending on the consulate you go to in the US?
To my understanding, the Mexican government sets general guidelines but then at the same time each consulate has the freedom to kinda set their own rules.
One thing about living in Mexico is you soon learn what one government office tells you can be completely different from what another tells you. And you need a CFE (electric bill) to do anything. Doesn't necessarily have to be your name on it or even your correct address, just show a CFE bill.
What about a humanitarian green?? Is that the same. Teaching English
Last i saw it was 18000
How do i get through the international fees
Is conselt the same as INM
Regularization is the "easiest" path to residency..
It appears that after your first year of temporary residency you still can’t pay for years 2,3 and 4 all at the same time. I have had my temporary residency now for three months and I am already contemplating do I want to go through that process three more times?! If I could just pay those three years all at once like it says you can it’s a no-brainer. What are your thoughts?
I think you got bad information from someone. You can renew it for 3 years. I did just that a little while back. Then you can convert it to permanent residency at the end of 4.
This great info! When you get residency does Mexico require you ay monthly for their caja? (Medical system)?
Just realized that I'm a Mexican citizen.
Can you just deposit cash on the same day of the month? Mattress $$
Can it count if you show them statements from your PayPal statements?
They did looked at my expenses and this is the reason I did not meet the requirement for a Permanent Residence, and they only gave a temporary residence and wait 4 yrs to either apply or get automatic permanent.. Any advice, anything I can do?
I went to the mexican immigration in cd juaerz, mexico , may be this is my mistake to go there
Hi Jordan, you and Arteaga did a video together recently and he mentioned something about retirees qualifying automatically regardless of financial requirements, is this true and if so, why haven't you mentioned it?..
I don't know if it's true. It's info that comes from this lawyer in Merida in this video: ua-cam.com/video/dEq6p4LULkA/v-deo.html
I had never heard that before but considering it's coming straight from a lawyer in Mexico, I don't have the qualifications to question it. Also, there's a difference between something being law and actually being accepted in practice. So it could be one of those things where it is on the books as a real law but the consulates don't know about it or don't care that it exists and therefore don't follow it.
That information is NOT true
And Jose’s lawyer is a known scam artist
We’ve had several customers get denied because they didn’t make the minimum income requirement even though they are retired and receive social security benefits
what about married couples? do they each need to meet these requirements separately?
Thanks Jordan for your prompt reply. Typical situation where there is the "spirit" of the law and the "letter" of said law. I appreciate all you do regarding showing entertaining and informative videos. I wish you and May all the best, Rafael 👍🌝
If struggling to meet financial solvency requirements as a couple, the best option for a married couple is often to have just one person apply for residency. And then after the first person´s process is complete, the 2nd partner files for residency based on family unity (no financial requirements). To make the one first partner´s application even more bulletproof you may want to open a new bank account under just the name of the one person and have the income going into there. Because sometimes, if both names are on a bank account, the consulate divides the amount of money in there by 2 to determine if you qualify.
I want to know how saver sally is getting SS at 55! I want her plan!!!
Rent the paid off house
I rented my house for $350 over my mortgage, and earned over $30,000 put it to savings and retirement accounts. Over the last 13 years I managed to save and grow to $100k with a steady income. Of course it depends on the renters... If they can be consistent.
How often does Saver Sally have to re-qualify?
What if Still-Earning Ernie (me) plans to qualify at my current direct deposits (from a remote job) and I move to Mex with that visa. Less than a year later I retire on Social Security of $2,200-ish with no savings. Am I now disqualified?
She does not need to re-qualify. You only qualify based on income the first time you apply.
Temporary residency is 4 years what you really want would be permanent residency. With no residency all you have to do is exit and enter Mexico and they give you 6 months visa. While in Mexico no one has ever checked my visa. If caught you pay a small bribe and the actual fine I believe is under $100. Does one necessarily even need the residency?
Temporary residency is 4 years and then you convert it to permanent after that with no financial requirements. A lot of people choose to do the 180 thing. Without residency you won’t be able to register a car, open a bank account, get a credit card, or even rent many homes in the non touristy cities
I went on savings. I pooled my 401k saving into my Roth IRA. I didn’t have any issues and I was approved
On the morally acceptable question -- the only potential question I see is whether running out of money in Mexico (having a medical emergency, for instance) would put a person in a difficult or threatening situation more so than if they stayed in the states. It's a person's choice to take the risk. And I don't think it would be worse for most to get sick in Mexico, but... Not sure. But yeah, that question would be more about whether its moral to encourage poor people to go to Mexico. Figure it's fine -shrug-
This channel is gold, I have zero idea what it takes to move to Mexico, just absorbing everything I can before I move one day. Thanks for the tips
How much does it cost to play golf in Mexico?
I heard that if you are over 65 years old, any social security amount would make you eligible. Is this true?
No
Sometimes you have to show where the money is coming from and they can decide That is OK or not.
Yeah you just have to go to the right consulate. For example, Phoenix doesn’t care in my experience
Kid,
Saver Sally has a paid off home that she surely won’t take with her to Mexico. She won’t need to sell trinkets in order to qualify.
I like the last idea of taking money out of one’s savings or checking account and depositing it into your account you’re going to show the Mexicans, and do it over and over. I find nothing ‘illegal’ about that. You are paying yourself each month, then recycling it back into your savings. Selling one’s possessions online, too much of a hassle.
Paypal is no longer processing ebay payments. Ebay does it themselves.
Thanks for the update! It´s been a little while since I´ve sold on ebay and things obviously change over time. I wasn´t yet aware of this change. As long as it´s money coming in from a company that´s not a peer-to-peer transfer app, I still think there´s going to be no problem with that.
Alguien sabe si tienen página de Tiktok?
I asked MX Consulate in my state about having a SSA snd a business income that exceeded the minimum. They told me the number has to be from only one source- not combining any 2 sources.
Some consulates say that while others don’t care
@@TangerineTravels I can report that Tucson is in the former category - they are explicit. Would be great to know if Mc Allen is in the latter.
What is the rest of the process?
After getting approved at the consulate in your home country you have 180 days to enter Mexico on your conditional visa. After entering Mexico, you have 30 days to start the rest of the process at an INM (immigration) office. There, you fill out a couple of forms, pay them a few hundred dollars, they take your picture, fingerprint you, then give your your residency card.
wow you write 7 like 1 so I was confused at first :D
Just sell her house and things at a yard sale a year before she wants to move and keep all of the earnings in savings! They're still going to ask what she does for a living on her application...and while they aren't going to look into it, there's always a huge risk if she lies as to how she's getting that extra money via PayPal.
If they aren't going to look at expenses why don't I just withdraw my $1000 then redeposit it a few more times? 😂Why yes I do make $5000 a month
It's a gamble. While some may have done that and gotten the result they were after, others would not. I just read one person's blog from March this year where they said that the Mexiccan person interpreted the income rules such that it wasn't sufficient that the minimum amount was going THROUGH the account every month, but that it was a stable balance every month. In such a scenario, taking money out only to re-deposit the next day would be interpreted as *through* but not *stable.* And for that, some could be denied residence. Here's the relevant snippet:
_"The second time we applied, we didn’t need to include our daughter, so that reduced the requirements a bit. Thank goodness I had my retirement fund statements accessible from my phone because I had to supply 24 statements from two accounts. This was after they interpreted the income requirements in a strange way I’ve never seen before, saying I had to have the minimum amount _*_*sitting in*_*_ my checking account every month instead of _*_*flowing through*_*_ it, even though no sane person leaves that much sitting in a checking account each month unless they’re a billionaire. I had to switch to savings to qualify."_
Or get a second job for 6 months specially if your not retired. Maybe do Uber or doordash on the side idk 🤷🏽♀️
QUESTION: Which consulate are you familiar with?
Saver Sally has $20,000 in savings. Why doesn't she write herself a check every month and DEPOSIT it. That would show the required deposits into her PayPal account. It would reduce her savings (which are not looked at anyway), and increase her deposits for many months.
So Jordan, I would come only with SS income. Instill work now , here as a massage therapist. If I got residency would I be able to work in Mexico?
Yes, you can work in Mexico if you have residency. Just chat with a lawyer when you get here. A meeting with a lawyer is affordable here and you’ll get set up quickly.
@@TangerineTravels great! Thanks!
@@TangerineTravels do you have any recommendations?
Just ask for recommendations in an expat facebook group in whichever city you end up in
a financially stable couple could just have a baby in mexico and boom problem solved or a man or woman marry a mexican national and go that route. nice thought provoking video
I would love to be able to give serious consideration to immigrating to Mexico; however, I am clueless as to how I could support myself as a late twenty-something beyond teaching English.
Si tienes $ invierte en CETES.
@matias cepeda Translation please? 😅
@@graspunwrapped1124 If you can't figure out how to use Google translate, maybe you shouldn't be a teacher of anything.
@@matiascepeda5953 ¿Qué es exactamente CETES?
By law unfortunately, November 2022 eBay and Facebook marketplace have to get your social security number and report any sales over $600 to the IRS. BOO!
In this example, Sally would not owe any taxes. Her only other income is SS and the ebay income would be less than her standard deduction.
Good to know this thanks- what BS
If she has 20k I. Savings, why don't you make deposits into checking and sell stuff
Hi Jordan, I subscribed to your Chanel 2019 when I was preparing for my trip to Guadalajara for a College reunion. I grew up there. I have dual citizenship I won’t have a problem moving to Mexico. I still have 3 more years for retirement. However we want to start de cluttering. My husband checked the app Offer up, their rating is very low. He listed stuff in FB market place and Creglist. I bunch of scammers contacted him. I think the best way to sale is by Garage Sale. Thank you so much for all the tips you give. I enjoy your videos. We have family in Querétaro . We will be there the end of June. Saludos .
Or you could just fly to Houston and back the same day and get yourself a new six-month Visa. 😊
This may be akin to your final point, but can you transfer money from your savings into your bank account each month, as needed, to meet the requirements? My financial situation resembles Saver Sally, so I would not be recycling the same money each month but simply making six months of transfers without reimbursing my savings account. Also, can you use a sole proprietor business account to show income to the consulate?
As for your first question, I don't know. As for the second question, in my personal experience, and to the best of my knowledge with other people's experience, they have no problem with people showing business revenue, regardless of how that business is organized.
@@TangerineTravels I'm confused about this "recycling money" topic you discussed in the last couple of minutes of the video, Jordan. I'm like Sally Saver and thought about Kona Zonie's example. I will be retired and have no debt but a good chunk of change in the bank but my SS# isn't going be enough (and I'm 63 and want hold off taking it out anyway until I can get the 100% of it) so my thought, while watching the video, is to open an account at a Mexican bank and just wire money from my American account into it every month. Maybe that isn't even an option but I think it used to be. If all they care about is income then would that work? And it's not the same as "recycling money," is it?
Why not just deposit $5000 in a stock brokerage account and recycle $2000 of it to your regular bank account every month ?
That seemed silly to me that someone like Sally would not qualify because of Mexico I made a professor couple years ago at a Mexican college and he was only making about 1200 a month in Mexico is a pretty decent salary so I'm surprised that wouldn't qualify even making 1,000 in Mexico is decent so I don't know why that wouldn't qualify
Seems like they only want people with higher than Mexican average incomes to get residency. It makes sense - they don’t want people becoming residents who might take more than contribute to the local economy. I’ve always thought it’s funny how people think it’s cruel to have closed borders to the US, but literally every country in this world has pretty strict rules when it comes to who is allowed to come in & reside in their country.
Immigrants to the US who have to show certain funds just shift dollars back and forth among friends and relatives.