BajaNomad - Lot for Sale - Alfonsina's

Lot for Sale - Alfonsina's

MontyF - 8-24-2009 at 08:35 PM

I own two lots at Alfonsina's and am selling one. It has a simple trailer and patio/deck. Lots are approximately 45 feet wide, right on the Sea of Cortez. Includes an aircraft tiedown behind the lot which allows you taxi right from the runway directly to your place on the beach. This is lot #57, approximately 2/3 down the beach from the cantina.

Ownership at Alfonsina's is simple: you get a yearly renewal on your rental of the spot from the family. There is no title to you for the property. Secure? Yes, in my opinion (I've been going there since 1973) and there's little likelihood of losing your lot unless you don't pay the rent (currently mas or menos $2600/year).

Anyone who know's Alfonsina's will tell you there isn't any place quite like it on the Baja.

Holler with questions

noproblemo2 - 8-24-2009 at 09:53 PM

Any pics???

BajaWarrior - 8-25-2009 at 04:16 AM

Price for lot and trailer?

MontyF - 8-25-2009 at 06:03 AM

Pictures to follow.

$25,000 plus a transfer fee to be paid to Alfonsina. She instituted this policy two years ago. No fees have been paid yet that I know of because lots just don't change hands frequently. Her rate was 20%; not sure about negotiability.

Natalie Ann - 8-29-2009 at 04:27 PM

Monty - please check your u2u messages.

thanks
Nena

DENNIS - 8-29-2009 at 05:59 PM

Quote:

Originally posted by MontyF
Her rate was 20%; not sure about negotiability.

That's unreasonable and absurd. 20% for what? It's just free money, required for no other reason than she has the hammer. If she has become this greedy today, what can anyone look forward to tomorrow.
You would be best served, although bordering on unethical, if you didn't mention this extortion and paid it yourself.
It bothers me no end to hear of this type of blood-sucking going on here.

Von - 8-29-2009 at 08:46 PM

20%= Profit~~~

~~~

mulegemichael - 8-29-2009 at 08:55 PM

a little outrageous, huh?...guess everybody's gotta make a buck...or two...yada, yada

Bajaboy - 8-29-2009 at 09:14 PM

It's not outrageous as long as the market will support it.

rogbag - 8-29-2009 at 11:04 PM

It's not outrageous unless the check is not made out to me.

k-rico - 8-30-2009 at 07:39 AM

So the asking price is $30,000. Add in the $2,600 annual rent and the asking price for the first year is $32,600 or a bit more than $2,700 per month.

A 10 year, (I know 9 year, 364 day) lease, properly recorded, would make it easier to swallow. I wonder why there is a one year limit to the lease.

I'd ask the property owner what the services are that I'm getting for this fee, just to see him squirm. :spingrin:

The property owner, with this mysterious and substantial fee, has made it more difficult for all the current lease holders to sell "their" humble abodes.

[Edited on 8-30-2009 by k-rico]

mtgoat666 - 8-30-2009 at 08:25 AM

Quote:

Originally posted by k-rico
So the asking price is $30,000. Add in the $2,600 annual rent and the asking price for the first year is $32,600 or a bit more than $2,700 per month.

A 10 year, (I know 9 year, 364 day) lease, properly recorded, would make it easier to swallow. I wonder why there is a one year limit to the lease.

I'd ask the property owner what the services are that I'm getting for this fee, just to see him squirm. :spingrin:

The property owner, with this mysterious and substantial fee, has made it more difficult for all the current lease holders to sell "their" humble abodes.

[Edited on 8-30-2009 by k-rico]

$25k for a trailer and 1-year lease? The lease has little value if it secures property for only 1 year. The market price for a lease that expires in less than 1 year is zip. Is that trailer mobile?

And a transfer fee of $5K on a 1-yr lease at rate of $2,600/year? Sounds like first year lease payment on a 1-yr lease is $7,600, and you value trailer at $25k

I think you should vacate lease and sell trailer for $25K

DENNIS - 8-30-2009 at 08:40 AM

My objection is to the $5000 dollar transfer fee. That's outrageous. Was that made clear when the original contract was put together?

David K - 8-30-2009 at 08:49 AM

A lot at Alfonsina's commands more $$ probably because it is one of the nicest beaches in Baja that one can live or vacation on.

Here is a 90º panorama (north to east) from near the lot in question... in 2003:

DENNIS - 8-30-2009 at 08:53 AM

Another thing...What lease? It's no more than a rental agreement. Was the tenant legal in Mexico when signing the agreement? If not, it's even more meaningless. Try taking a rental agreement to court in your defense.

k-rico - 8-30-2009 at 09:06 AM

David K's point about "location, location, location" is a good one and Goat's parsing of the costs is better than mine.

Dennis, if the rental agreement is recorded with a Notario, wouldn't it stand up in court if there was a dispute.

The answer to that question is probably, "maybe." I say that because it appears that equal application of the law in Mexico is still a distant goal.

DENNIS - 8-30-2009 at 09:20 AM

Quote:

Originally posted by k-rico
Dennis, if the rental agreement is recorded with a Notario, wouldn't it stand up in court if there was a dispute.

I've never heard of a rental agreement being recorded. For that matter, I've heard of very few leases being recorded. It's more myth than fact.
These beach-camp landlords stay away from all that legality since they don't want to relinquish control. Why should they? They've been operating with nothing more than a hand shake since way before the lease and fideicomiso were ever in the mix.
It would be an unwise event if a foreigner ever implied that he trusted the government over the word and honor of the landlord. Not a good way to win friends and influence people.

capt. mike - 8-30-2009 at 09:39 AM

since when are there ANY gurantees buying/renting/leasing/squatting in Mexico??

if you have the jack and it makes you happy - do it!! :biggrin:

if yur worried about a biz loss.....yur in the wrong game.

pay your money if to you it's worth it. and be able to walk anytime it becomes goes to caca.

Alfi's is one of the best fly in beaches in baja. if i could swing a place i would in a heart beat. life is short - enjoy any paradise you can find.

DENNIS - 8-30-2009 at 09:47 AM

Quote:

Originally posted by capt. mike
since when are there ANY gurantees buying/renting/leasing/squatting in Mexico??

It ain't the money. If the fee wasn't agreed upon by both partys in advance of the subsequent sale, it's extortion. No twenty percent, no sale.
Is that part of the Baja Mystique one should be prepared for, Mike? No way. It's like being told as you leave Disneyland that you have to pay to get out the door.

mtgoat666 - 8-30-2009 at 09:51 AM

Quote:

Originally posted by DENNIS

Quote:

Originally posted by capt. mike
since when are there ANY gurantees buying/renting/leasing/squatting in Mexico??

dennis, on second thought i recommend that when you submit your offer, make it a condition that the seller pay the transfer fee. problem solved.

DENNIS - 8-30-2009 at 09:59 AM

Quote:

Originally posted by mtgoat666
dennis, on second thought i recommend that when you submit your offer, make it a condition that the seller pay the transfer fee. problem solved.

Doesn't make it right if the structure of the sale, the fee, has been arbitrarly changed by the landlord alone.
I've been assuming all along that the seller would be paying the fee if he wanted to sell his property.
At any rate, 20% is excessive and calling it a transfer fee is ludicrous. Murder isn't "Tough Love."

k-rico - 8-30-2009 at 10:05 AM

Quote:

Originally posted by DENNIS

Quote:

Originally posted by k-rico
Dennis, if the rental agreement is recorded with a Notario, wouldn't it stand up in court if there was a dispute.

It would be an unwise event if a foreigner ever implied that he trusted the government over the word and honor of the landlord. Not a good way to win friends and influence people.

Perhaps it is wiser to trust people after they become a friend, not before.

DENNIS - 8-30-2009 at 10:10 AM

Quote:

Originally posted by k-rico
Perhaps it is wiser to trust people after they become a friend, not before.

Wise, indeed. Also wise to keep in mind that, just because you trust the father, your trust hasn't been earned by the sons. Nothing or nobody is forever.

Crusoe - 8-30-2009 at 10:30 AM

TAKE A LEASE TO THE MEXICAN COURT SYSTEM!!!!! WTF!!!!!????????? :bounce:

shari - 8-30-2009 at 10:59 AM

Isnt the name of this thread misleading? This lot isnt for sale...the trailer is but the lot isnt....isnt is just a rented/leased piece of sand? I dont understand how the lot could be for sale.

Nice place though and I agree with mike that if ya have the dough...life is short...park your plane there and enjoy.

ncampion - 8-30-2009 at 08:59 PM

It's her football, so she gets to make the rules. If you don't like the rules, don't play the game.

KAT54 - 8-31-2009 at 02:59 PM

I agree with Shari, the lot is not for sale.
The trailer and the agreement to pay the rent is.

bajabound - 9-23-2009 at 07:41 AM

Please check your U2U. Thanks.

wessongroup - 9-23-2009 at 09:16 AM

Great thread on buying and/or renting something in Baja.. Thanks for all the insight, still learning

k-rico - 9-23-2009 at 09:24 AM

I look at it as buying a mobile home in a stateside mobile home park. Happens everywhere, done every day.

Is there a difference?

Trailers

wessongroup - 9-23-2009 at 09:36 AM

Quote:

Originally posted by k-rico
I look at it as buying a mobile home in a stateside mobile home park. Happens everywhere, done every day.

Is there a difference?

Exactly!!

Also saw a space for rent North of Blythe on the short cut to Laughlin for $650 and it wasn't on the river. Utitlies were not included either, so add on another X.

Just pick a real good trailer park and unit and enjoy

Osprey - 9-23-2009 at 09:56 AM

K-rico is a clear thinker. Parking spaces and boat slips sell every day all over the globe. Often the price seems ridiculously high until you assess the availability/unique space of the situation. In this case the buyer just needs to look at the big picture, figure what's fair and act accordingly. Alfonsina has been there long enough to weather lots of land right storms with regulators and others to be a recognized owner. If you have no faith or trust, go elsewhere where contracts are written in steel, not ice.

David K - 9-23-2009 at 04:37 PM

Who is everyone commenting to?

Have you guys noticed that the person selling the trailer at Alfonsina's (Monte F) has only posted twice since joining Nomad... and both times in THIS thread, he statred!

I think we have scared him away with this heavy line of questions and comments!

Bwana_John - 9-23-2009 at 08:27 PM

Things in Gonzaga Bay are gonna change fast if and when the road comes through.

"Caveat emptor"

Natalie Ann - 9-24-2009 at 07:52 AM

Quote:

Originally posted by David K
Who is everyone commenting to?

Have you guys noticed that the person selling the trailer at Alfonsina's (Monte F) has only posted twice since joining Nomad... and both times in THIS thread, he statred!

I think we have scared him away with this heavy line of questions and comments!

If you ask him nicely, he'll respond privately.

nena

David K - 9-25-2009 at 09:06 AM

Thanks Nena... I didn't even have to ask and I still got a very nice u2u from him! Turns out we both know some of the same people...

dizzyspots - 10-7-2011 at 11:53 PM

could it be 20% of the $2600...or about $520 one-time transfer fee...just asking???

cj5orion - 10-8-2011 at 06:37 AM

I know somebody who is interested !
Is it still up "for sale" ?

This "somebody" is well acquainted with GB,knows Antonio and the family well
as well as Rancho Grande,etc,etc

still available ?

David K - 10-8-2011 at 08:31 AM

Over 2 years have passed since this thread was started...

cj5orion - 10-8-2011 at 08:35 AM

Quote:

Originally posted by David K
Over 2 years have passed since this thread was started...

WHOOPS ! my bad

David K - 10-8-2011 at 09:08 AM

Hey, it could still be for sale??? They say everything is for the right price!!