BajaNomad
Not logged in [Login - Register]

Go To Bottom
Printable Version  
Author: Subject: real estate question - large parcel, subdividing
islandmusicteach
Junior Nomad
*


Avatar


Posts: 78
Registered: 4-30-2007
Location: catalina island
Member Is Offline

Mood: almost in baja

puzzled.gif posted on 4-30-2007 at 03:28 AM
real estate question - large parcel, subdividing


Thanks in advance to all the experts out there.

Has anyone out there bought a larger parcel with the intention of subdividing at some time in the future? How did you go about doing it?
I just found out that the one hectare parcel that I'm trying to buy with a regular fideicomiso is too big for a gringo! Apparently, 2000 mts2 is the biggest you can buy without causing the gods to get angry. I've been told I have to invest way too much money within two years or else lose the bank trust. Should I take a step back and buy with a mexican corporation, or is there another way?
Any tips would help quite a bit right now,
IMT
View user's profile
Bob and Susan
Elite Nomad
******


Avatar


Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
Member Is Offline

Mood: Full Time Residents

[*] posted on 4-30-2007 at 04:56 AM


what ever you do DO THIS!!!

get a lawyer!!!

write CC&R's before you sell the parcels
include rules including...
how high structures can be
what houses can be built with
type of roofs
how many birds a resident can have
how many dogs
how many people at a party etc etc

i mean STRICT RULES!!!




our website is:
http://www.mulege.org
View user's profile Visit user's homepage
Lee
Ultra Nomad
*****




Posts: 3508
Registered: 10-2-2006
Location: High in the Colorado Rockies
Member Is Offline


[*] posted on 4-30-2007 at 08:09 AM
Whatever you do, go slow


I subdivided 6,500 m2 into 2 parcels @ about 1,200-1,500 m2 with a larger parcel @ about 3,500 m2. One fide for the total parcel only. New buyers would need to get their own. My RE agent is a 9 year full time gringo who speaks Spanish. He took care of the subdivision and it cost about $1,000 US. There was no incentive from the Seller I bought from to subdivide and I did try for that because I only wanted less than 2,000 m2 to avoid the investment clause. My clause came in at $1,000,000. I'm told the clause has never been enforced.

Buy the land, subdivide with experienced professionals in your area. It's not big deal.

Where are you thinking of buying? I can refer an attorney in La Paz, Todos Santos, and Cabo. I've been told I have 5 years to invest in the land I own.

Buena suerte.

:cool:
View user's profile

  Go To Top

 






All Content Copyright 1997- Q87 International; All Rights Reserved.
Powered by XMB; XMB Forum Software © 2001-2014 The XMB Group






"If it were lush and rich, one could understand the pull, but it is fierce and hostile and sullen. The stone mountains pile up to the sky and there is little fresh water. But we know we must go back if we live, and we don't know why." - Steinbeck, Log from the Sea of Cortez

 

"People don't care how much you know, until they know how much you care." - Theodore Roosevelt

 

"You can easily judge the character of others by how they treat those who they think can do nothing for them or to them." - Malcolm Forbes

 

"Let others lead small lives, but not you. Let others argue over small things, but not you. Let others cry over small hurts, but not you. Let others leave their future in someone else's hands, but not you." - Jim Rohn

 

"The best way to get the right answer on the internet is not to ask a question; it's to post the wrong answer." - Cunningham's Law







Thank you to Baja Bound Mexico Insurance Services for your long-term support of the BajaNomad.com Forums site.







Emergency Baja Contacts Include:

Desert Hawks; El Rosario-based ambulance transport; Emergency #: (616) 103-0262