Last batch (8 left) from an original parcel of 42 oceanfront/oceanview condo units, fully furnished, at the popular Oceana Towers building in downtown
Rosarito Beach, Mexico, that are in the process of foreclosure.
Units are approx. 1,100 square feet, 2bed/2ba, and are priced at $120,000 (all cash only), current market valuation conservative at about $200,000,
20-35% rental income per unit/per year, current Rosarito appreciation approx. 20%...
This project is not for everyone, and those most comfortable with the Mexican foreclosure process should should seek further information. Investor
monies will be used to purchase the Promissary Note on the properties, the most powerful instrument in a Mexican court of law. Discounts given to
investors in exchange for waiting through the foreclosure process (very conservative at one year, but more likely up to 6 months). Title (through
Stuart Title Insurance) and Possession for investors obtained after court orders have been instituted.
For further details, contact Hogie McMurtrie at the email listed.
hogie.mcmurtrie@gmail.com
As of September 20th, units will be priced at $130,000 per unit due to increased attorney costs to expedite the Title and Possession prcoess on behalf
of investors.
[Edited on 9-6-2006 by Hogie]The Gull - 9-6-2006 at 03:49 PM
Available for inspection? Who is the contact on site?bancoduo - 9-25-2006 at 04:26 PM
Quote:
Originally posted by The Gull
Available for inspection? Who is the contact on site?
