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Typically, buyers under a land contract are expected to handle property tax payments because they take on duties similar to ownership while making payments. Still, the contract may outline alternative arrangements, including the seller paying the taxes, prorating them, or dividing other related costs between buyer and seller.

Typically, property taxes are bundled into your monthly mortgage payment through an escrow account, which helps manage and guarantee timely payments. Despite being part of the payment process, these taxes are separate from the actual loan, and some homeowners may opt to pay them directly to their local tax office.

U.S. citizens can buy property in Mexico, but the process depends on location. Properties outside the restricted zone—over 50 km from the coast or 100 km from a border—allow direct ownership. Within restricted zones, buyers must use a bank trust called a fideicomiso or establish a Mexican corporation to legally hold the property.

Typically, buy-and-hold real estate investors make a down payment of about 20-25% when financing an investment property. However, certain loan programs may allow lower down payments, sometimes as little as 15%, depending on the lender’s requirements and the type of investment property being purchased.

U.S. citizens are allowed to buy property in Canada, though the Prohibition on the Purchase of Residential Property by Non-Canadians Act prevents most non-Canadians from purchasing residential property until January 1, 2027. Eligible buyers must follow tighter financing rules, including a 35% down payment, and may need to pay a Non-Resident Speculation Tax (NRST) in certain provinces.