BajaPam
Newbie
Posts: 14
Registered: 7-11-2009
Location: Los Barriles, BCS
Member Is Offline
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Hillside Casita 30 Minutes N. of Los Barriles
Great writer’s or artist’s retreat in the hills outside of San Bartolo. This one-acre property is part of the Rancho Verde RV Park just a 30 minute
drive from Los Barriles. 1 bedroom casita is off-the-grid but has internet and cell phone access. Lease runs through 2027 and is then renewable at
very reasonable rates. At $69,000 plus minimal closing costs, no property taxes and only $70/month in fees (including water) this might be the right
solution for someone wanting to get away from it all here in Baja. Shown by appointment only. U2U or visit our website for photos and more
information: www.homesandlandofbaja.com (MLS# 11-619)
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BajaPam
Newbie
Posts: 14
Registered: 7-11-2009
Location: Los Barriles, BCS
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Price Drop!
Casa Escondido is
Now $59,000
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Stickers
Senior Nomad
Posts: 571
Registered: 4-12-2006
Location: SoCal
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That's a great looking little place. It's the last one on her listings. The others are also gorgeous places, some mucho bucks and others look like
good deals.
www.homesandlandofbaja.com
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BajaDanD
Senior Nomad
Posts: 745
Registered: 8-30-2003
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how could the lease run through 2027
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by BajaDanD
how could the lease run through 2027 |
It can't.
It surprises me that, after all that has been said here in the past, this farse is still used to sell real estate. It just wipes out any other points
that rely on credibility.
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BajaPam
Newbie
Posts: 14
Registered: 7-11-2009
Location: Los Barriles, BCS
Member Is Offline
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Rancho Verde is an RV Park
Please read the description on our website carefully if you are interested or contact me directly.
This is not a "trick." Many people live comfortably in trailers or homes that are built in gated parks that offer long term leases on the spaces.
Juanito's Gardens, East Cape RV, and Costa Brava are some other examples in the Los Barriles area. You can learn more about the lovely Rancho Verde at
their website: www.rancho-verde.com
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
Member Is Offline
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| Quote: | Originally posted by BajaPam
You can learn more about the lovely Rancho Verde at their website: www.rancho-verde.com |
And...you can learn more about land leases in Mexico right here:
http://www.bajarealestategroup.net/Leasing_Land_in_Mexico/
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desertcpl
Super Nomad
Posts: 2396
Registered: 10-26-2008
Location: yuma,az
Member Is Offline
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by BajaDanD
how could the lease run through 2027 |
It can't.
It surprises me that, after all that has been said here in the past, this farse is still used to sell real estate. It just wipes out any other points
that rely on credibility. |
I agree,, on the Web site, they are offering 30 year leases
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oxxo
Banned
Posts: 2347
Registered: 5-17-2006
Location: Wherever I am, I'm there
Member Is Offline
Mood: If I was feeling any better, I'd be twins!
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Run away, run FAR away.
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BajaPam
Newbie
Posts: 14
Registered: 7-11-2009
Location: Los Barriles, BCS
Member Is Offline
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This has been enlightening. I'm guessing there are plenty of Nomad subscribers who utilize long-term leases in RV parks when they come to Baja. Of
course, they are happily ensconced and not browsing the "Real Estate Available" forum.
What if the park owners suddenly changed their minds, sold the park to the Hilton family and skedaddled? What then? Let's see. You would have enjoyed your bungalow in the hills for about $550 a month (including security,
maintenance, and water) for a decade.
It's not right for everyone but it's perfect for someone.
Saludos.
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bajamigo
Super Nomad
Posts: 1218
Registered: 6-17-2006
Location: Punta Banda, BC
Member Is Offline
Mood: hubimos llegado
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I know you're dying to answer the lease question, but allow me to steal your thunder:
Buying property as a Land Lease means that you are only buying the “improvements” or the constructions of the land but you still pay a monthly fee for
use of the land for periods of up to 10 years. Mexican law indicates that leases lasting an excess of 10 years are illegal. Leases lasting 10+10+10
years are also not valid and will not hold up in court. If you are considering buying into a land Lease have in mind that at the end of the lease term
the land owner has every right not to renew.
So how do we get to 2027?
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windgrrl
Super Nomad
Posts: 1335
Registered: 9-2-2006
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With respect, wouldn't one also loose the cost of the improvement? An RV can be moved, but, in this case this lovely home is a $59,000 cost. Over 10
years isn't the loss about $1000. month?
When the way comes to an end, then change. Having changed, you pass through.
~ I-Ching
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BajaPam
Newbie
Posts: 14
Registered: 7-11-2009
Location: Los Barriles, BCS
Member Is Offline
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Bajamigo: Thank you. Yes, when you purchase anything in an RV park, you are just getting the improvements and any time left on the lease. The land
always remains the property of the park. The current lease expires in 2017 and the owner is including the renewal (for another 10 years) in the
purchase price. Of course, if someone was worried that come 2017, the park owners would not renew, we could start a new 10 year lease which would take
them through 2021.
Windgrrl: If you only kept the property for 10 years, it would be like renting it for $492/month + utilities ($70/month). RV's are great for people on
the go but if you're going to hang out for a while you'll really appreciate the space of the home (at least 4 times the size of an RV).
ˇSaludos!
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