| Pages:
1
2 |
Diver
Ultra Nomad
Posts: 4729
Registered: 11-15-2004
Member Is Offline
|
|
I wonder if you can do a REIT (real estate investment trust) in the US for investment in Mexico ? Or a limited real estate partnership ?
I'll have to find out.
If either of these are possible, investors money would go into an interest bearing or investment account to be held until a property is identified.
Interest or profit on their investment would go to the investor and potential purchase information distributed before closing on any property.
Normally, a minimum term of investment is identified.
I know enough about investing in the US to do well but I'm a novice to Mexico/Baja so I would definitely need some local input. Maybe Bruce can offer
a few ideas or contacts when he gets home. I'll let you all know if it looks feasible to put something together.
|
|
|
jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
Member Is Offline
|
|
hea diver skeet had a corp and invested in land might ask him on the mexican part??
jerry and judi
|
|
|
Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
Member Is Offline
|
|
| Quote: | Originally posted by Diver
I wonder if you can do a REIT (real estate investment trust) in the US for investment in Mexico ? Or a limited real estate partnership ?
|
yes and yes.
|
|
|
Skeet/Loreto
Ultra Nomad
Posts: 4709
Registered: 9-2-2003
Member Is Offline
|
|
I would invest in Loreto out North where I can buy my Water and have it delivered. I would have a second place to go to when the 7-10 year Driught
comes and there is no water.
I am looking into investing in the new $200,000 homes that will be built above the Hotel marina in La Paz.
I would buy nearly anywhere in the Town of Loreto/Mulege/La Paz. something that i could fis up, live infor a while, then resale to anamericano.I
never, never invest in "Ejido" property.
|
|
|
Bob and Susan
Elite Nomad
Posts: 8802
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
|
|
Woah!!!
rember the "golden rule"!!!!...invest ONLY what you are will to LOSE!!!
Investing= is a business trying to MAKE money...
Baja is an area I would absoloutly buy in...but only for my own enjoyment...don't plan on making a profit, it won't happen.
Invest in the California realestate market if you want a secure investment.
Also everyone has a different agenda and when you "hook-up" with others there is NEVER harmony....NEVER!!!
Prepare
|
|
|
Dave
Elite Nomad
Posts: 6005
Registered: 11-5-2002
Member Is Offline
|
|
| Quote: | Originally posted by Bob and Susan
Invest in the California realestate market if you want a secure investment.
|
|
|
|
vandenberg
Elite Nomad
Posts: 5118
Registered: 6-21-2005
Location: Nopolo
Member Is Offline
Mood: mellow
|
|
| Quote: | Also everyone has a different agenda and when you "hook-up" with others there is NEVER harmony....NEVER!!!
Prepare |
Truer words were never spoken
|
|
|
4baja
Super Nomad
Posts: 1339
Registered: 9-4-2003
Location: morro bay ca
Member Is Offline
|
|
when the market slowed in the states back in the early 90's the market was allmost dead in the los cabos area. i remember comeing into town and the
gringo realators would chase you down to sell you property. most of them became artist instead.
|
|
|
Baja Bernie
`Normal` Nomad Correspondent
Posts: 2962
Registered: 8-31-2003
Location: Sunset Beach
Member Is Offline
Mood: Just dancing through life
|
|
making money what a nice topic
Quote:
Also everyone has a different agenda and when you "hook-up" with others there is NEVER harmony....NEVER!!!
I totally agree with the above quote and would never consider a REIT or a limited partnership in Baja.
Making money here DARN tootin!
Helped build the first house in La Salina and when the owner sold he multipiled his investment several times.
Build my own home, kept it for over 20 years, and walked away with a huge smile on my face.
Built a spec home, rented it for 4 years and got my money back. Sold it for a bunch! If you noticed it I didn't use any money amounts for obvious
reasons.
"Ejido" property as Skeet says stay away from it---I'll add if you can because they always seem to be claiming 'improved' land and taking the owners
into court and that is a game no average gringo is going to win.
Oh! The homes just north of La Salina and south of the La Mision 'River' are going for $600.000+ and most of the buyers are Mexicans with cash.
My smidgen of a claim to fame is that I have had so many really good friends. By Bernie Swaim December 2007
|
|
|
rogerj1
Nomad
Posts: 265
Registered: 4-29-2004
Location: Gig Harbor, WA
Member Is Offline
|
|
Property
| Quote: | Originally posted by Diver
I wonder if you can do a REIT (real estate investment trust) in the US for investment in Mexico ? Or a limited real estate partnership ?
|
To save you a lot of trouble, here's one already going. It looks like it's still pretty early in the game.
http://www.libertycove.net/default.asp
| Quote: | Originally posted by Bajaboy
Now here's my question to all the Nomads...Do you think that the Baja market will collapse as a result of the tightening real estate market in
Southern California?
|
I've been holding off on buying property after researching investing in Mexico for the last year and half. My original concern was Californians with
big fat HELOC's bidding up prices. I think a bigger concern is the historic volatility of the Mexican real estate market particularly in areas with
little or no zoning. This is based on comments I've read and heard from those involved in Mexican real estate. There is a huge building boom going on
in the resort cities of Mexico right now. According to a developer who's built properties in Puerto Vallarta, there's an oversupply of new properties
that will ultimately lead to softening prices.
Having said that, the trend of buying vacation properties and second homes has a good twenty years to go before the baby boomers are tapped out.
[Edited on 9-25-2005 by rogerj1]
|
|
|
Bob and Susan
Elite Nomad
Posts: 8802
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline
Mood: Full Time Residents
|
|
The California Realestate IS NOT tightening now...SORRY!!!
Maybe later...prices are skyrocketing and interest rates are staying low.
California is a special place to live and buy. LOTS of new residents
People who wait to do ANYTHING are just wasting their life experience.
Those who never gamble CAN'T win!!!
Just DO IT!!!
|
|
|
rogerj1
Nomad
Posts: 265
Registered: 4-29-2004
Location: Gig Harbor, WA
Member Is Offline
|
|
Good point Bob. If I was on the verge of retirement or some other trigger that would allow me to spend lot's of time in Mexico, I wouldn't think twice
about going out and buying a place.
Personally, I can't even get down to Mexico to spend enough time to decide where I want to live! You could say that I'm an online Mexican voyeur,
living off yours and others travels and adventures.
At this stage of the game I'm only looking at buying a property I can rent to travelers with enough cash flow to cover costs and begin paying down my
loan so that someday, I too can enjoy the lifestyle so many other posters on this board already have.
|
|
|
Baja Bernie
`Normal` Nomad Correspondent
Posts: 2962
Registered: 8-31-2003
Location: Sunset Beach
Member Is Offline
Mood: Just dancing through life
|
|
JUst realize that due dilligence is even more important in Mexico. Luck
My smidgen of a claim to fame is that I have had so many really good friends. By Bernie Swaim December 2007
|
|
|
| Pages:
1
2 |
![[*]](images/xmbforum/default_icon.gif){kind=icon}
