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Author: Subject: Baja Beach Cottage, Now $85,000
DTPrice
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[*] posted on 1-20-2019 at 09:18 AM


Great photos, David K!
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Lee
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[*] posted on 1-20-2019 at 11:03 AM


Quote: Originally posted by DTPrice  
The lease is annual only and has been since Alfonsina's was founded in the 60's. We've been here since 2010, other people on the beach have been here over 30 years. Everyone seems happy. I've never seen so many home remodels and additions going on. No one seems apprehensive in the slightest. Alfonsina's raises the lease 10% every other year.


Don't be lulled into a false sense of security. Things change overnight in Baja. The rent can be raised 100% for no reason other than the MX owners can charge whatever they want.

Is anyone reading fine print?

There are no guarantees in Mexico. Everyone seems happy? Think the nightmares taking place in Rancho Grande at Gonzaga Bay can play out here. Bet the people living at the Bay seemed to be happy too.

Tell me if I'm missing something.

Rancho Grande at Gonzaga Bay
http://forums.bajanomad.com/viewthread.php?tid=92052




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DTPrice
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[*] posted on 2-10-2019 at 10:23 AM


Legally, from what we've learned, lease payments can only be raised 5% per year. Rancho Grande and Alfonsina's have different owners with different plans for the future. Throwing out paranoid accusations without any real knowledge isn't good.
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David K
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[*] posted on 2-11-2019 at 10:18 AM


Here is the runway at low tide... This photo is from July 2015, and you can see the stakes added to keep cars off the runway...





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Lee
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[*] posted on 2-11-2019 at 11:46 AM


Quote: Originally posted by DTPrice  
Legally, from what we've learned, lease payments can only be raised 5% per year. Rancho Grande and Alfonsina's have different owners with different plans for the future. Throwing out paranoid accusations without any real knowledge isn't good.


Can you respond to any paranoid accusations you've read?

What does ''real knowledge" mean?

For someone with deep pockets, walking away from a $85,000 investment is no big deal.

Rancho Grande at Gonzaga Bay
http://forums.bajanomad.com/viewthread.php?tid=92052

Different owners, different future plans, same rights for Mexican owners (or heirs) who decide to shut down, foreclose and/or raise rents.





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BajaBlanca
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[*] posted on 2-11-2019 at 02:00 PM


That is such a cute house and the location seems ideal! What a deal at 85K. I bet it sells in a heartbeat!

We all know that you cant invest more than you can walk away from, we know that and have to live with it!





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Lee
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[*] posted on 2-11-2019 at 03:40 PM


Quote: Originally posted by BajaBlanca  
That is such a cute house and the location seems ideal! What a deal at 85K. I bet it sells in a heartbeat!

We all know that you cant invest more than you can walk away from, we know that and have to live with it!



Doesn't read like you have a fideicomiso or MX corporation?

Like someone wrote, you can't take it with you.




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lencho
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[*] posted on 2-11-2019 at 10:11 PM


Quote: Originally posted by Lee  

Doesn't read like you have a fideicomiso or MX corporation?
I'm ignorant: Is that even possible if he's leasing the land the house is built on?

In the case of an immovable structure built on land leased from another, what sort of ownership documents does the "owner" of the structure transfer to the buyer when he sells the place? :?:




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Lee
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[*] posted on 2-11-2019 at 11:16 PM


Quote: Originally posted by lencho  
Quote: Originally posted by Lee  

Doesn't read like you have a fideicomiso or MX corporation?
I'm ignorant: Is that even possible if he's leasing the land the house is built on?

In the case of an immovable structure built on land leased from another, what sort of ownership documents does the "owner" of the structure transfer to the buyer when he sells the place? :?:


Writing about Blanca not the OP. Great question though. Maybe the OP can address that question. Or Blanca if she has a land lease.





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willardguy
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[*] posted on 2-11-2019 at 11:19 PM


Quote: Originally posted by lencho  
Quote: Originally posted by Lee  

Doesn't read like you have a fideicomiso or MX corporation?
I'm ignorant: Is that even possible if he's leasing the land the house is built on?

In the case of an immovable structure built on land leased from another, what sort of ownership documents does the "owner" of the structure transfer to the buyer when he sells the place? :?:


hearty handshake! ;)
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