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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by BajaNomad
fwiw...
This past month I was at a local Starbucks in San Diego - and at the table next to me was a gentleman wearing a Punta Brava shirt. When he got ready
to leave, I inquired as to his connection with Punta Brava - and he told me he was the general partner. His name is Brian Tucker. I told Brian I
hadn't seen anything lately in the news about what was going on with the project. His response led me to believe he's still actively engaged with the
project (including the conversation he was having with someone else at the Starbucks) - but was not forthcoming on any further details at all.
ttp://www.10news.com/news/man-s-quest-to-build-tiger-woods-golf-course-continues
fyi |
Small world. I know "of" Brian Tucker. He leased a large house near the Punta Brava project for the purpose of accommodating investors in the
project,.... and a good friend of mine sub'd it from him to run a B+B.
The B+B failed for lack of a few things, and the house is reported as sold to someone not related to any of this.
Tucker is a salesman with nothing to sell and I've never even seen one of his vintage shirts, but, Doug, if you invest, I'll bet you'll get a few for
the family. 
"YOU CAN'T LITTER ALUMINUM"
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cessna821
Nomad
Posts: 148
Registered: 9-17-2010
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Most of the opinions passed on this topic reflect the views of expats or potential expats who wish to buy property near the coastline. Maybe it is
relevant to mention how things are from a Mexican viewpoint. For all who know this stuff already, I apologise, so bear with me.
The concept of the Ejido was adopted in 1920 by Mexican President Alvaro Obregon, in the form of the “Ley de Ejidos” (Ejido Act). The government ceded
land to local inhabitants, as a community, for use as farmland. Ejido land is not private property and cannot be bought and sold as if it were.
Around half of all Mexican real estate is classified as Ejido land. Granting of the land was initiated during a period when vast areas of Mexico were
sparsely populated and there was no concept of individual land ownership. The new farming community, or “Ejido” could decide whether they wanted to
hold all of the land publicly for the use of every member of the community as a collective; or it could decide whether they wanted to permanently
distribute its use to individual members. This second decision did not give title, only permission to use the land.
Today, Ejidos still manage much of the collective ownership of land in Mexico and are administered by a ejido commissioner, generally elected by a
voting assembly, and in most cases, a general manager is appointed to run things on a day to day basis.
Since the constitutional reforms of 1992 Ejido land can be converted into private property and sold to third parties. However, a foreigner can not buy
Ejido land; it can only be sold to Mexican nationals. A Mexican wishing to purchase Ejido land must go through a privatization process that transfers
the property to them by means of an escritura (a fee simple title). Until an Ejido parcel has been surveyed and transferred to private ownership,
foreigners cannot acquire “ownership” of Ejido land in accordance with their understanding of the word “ownership”.
Once the property has been privatized, it can then be sold to a foreigner through a Fideicomiso, which is usually a bank trust.
Since Ejido land is much less expensive than regular land, many foreigners have elected to take the risk and attempt to buy Ejido property. This is
done through a 'contract' to buy the buildings on the land and renting the land from a 'landlord'. This is fraught with danger and totally dependent
on the (Mexican) landlord having clear title. However, the housebuyer should be aware that they have absolutely no rights, until they are able to
legally obtain a Fideicomiso.
This situation is expected to change if the Federal Government passes the bill which is on the agenda at the moment and is expected to be voted on
early in 2014. However, any bill can have amendments tabled, so it is not clear as to exactly what the eventual procedures might be on its passing and
if it would give expatriates secure title.
Many would not buy property without title insurance. This is an American concept dating from when the huge land purchases happened in the early to mid
1800's. There is no confusion about land ownership in Mexico - the Ejido's know exactly who owns it - they do, despite what anyone else says, be they
lawyers, banks, estate agents or whatever.
So you must deal with the relevant Ejido first and foremost and have clear written agreements as to procedure. All of these dealings must be in
Spanish with English translation by a qualified translator employed by you.
I did all of this and have lived happily in Baja for 14 years without any problems and without the draconian and frequently unforeseen fixed costs of
other 'developed' countries. Utility prices are based on the Mexican economy and a state pension from outside of Mexico covers everything, leaving
enough to have fun.
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greengoes
Select Nomad
Posts: 10316
Registered: 6-27-2011
Member Is Offline
Mood: Today I slay the Red Dot.
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by BajaNomad
fwiw...
This past month I was at a local Starbucks in San Diego - and at the table next to me was a gentleman wearing a Punta Brava shirt. When he got ready
to leave, I inquired as to his connection with Punta Brava - and he told me he was the general partner. His name is Brian Tucker. I told Brian I
hadn't seen anything lately in the news about what was going on with the project. His response led me to believe he's still actively engaged with the
project (including the conversation he was having with someone else at the Starbucks) - but was not forthcoming on any further details at all.
ttp://www.10news.com/news/man-s-quest-to-build-tiger-woods-golf-course-continues
fyi |
Small world. I know "of" Brian Tucker. He leased a large house near the Punta Brava project for the purpose of accommodating investors in the
project,.... and a good friend of mine sub'd it from him to run a B+B.
The B+B failed for lack of a few things, and the house is reported as sold to someone not related to any of this.
Tucker is a salesman with nothing to sell and I've never even seen one of his vintage shirts, but, Doug, if you invest, I'll bet you'll get a few for
the family. |
I don't want to hijack the ejido aspect of the thread, maybe we should start a new one. Punta Brava has been an interest of mine for a while now so
please bear with me.
That article about seeing Senor Tucker in a Starbucks (business meeting?) is almost three years old. The definitive "We will commence work Oct. 2011"
is in it.
Now to look for the shirt on Ebay.
ANUNCIATE AQUI
DISPONIBLE
INFORMES LLAMA SNOWBALL - 646-115-7754
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David K
Honored Nomad
Posts: 65215
Registered: 8-30-2002
Location: San Diego County
Member Is Online
Mood: Have Baja Fever
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Doug said it was in the past month (Nov.-Dec. 2013) he met the guy. The 10 News TV link is a 2011 story.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by cessna821
Most of the opinions passed on this topic reflect the views of expats or potential expats who wish to buy property near the coastline. Maybe it is
relevant to mention how things are from a Mexican viewpoint. |
Good. Glad you came forth with enlightenment.
Now.....explain the Constanzia...the interim promise of fulfillment the ejidos like to use when things arn't cut 'n dried.....the "we'll take care of
it later" clause.
By the way, are you a Mexican who knows Mexico law? You present yourself as such.
"YOU CAN'T LITTER ALUMINUM"
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by greengoes
That article about seeing Senor Tucker in a Starbucks (business meeting?) is almost three years old. The definitive "We will commence work Oct. 2011"
is in it.
|
It was first posted here today. I first responded to it's existence today.
I don't research dead dogs.
"YOU CAN'T LITTER ALUMINUM"
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David K
Honored Nomad
Posts: 65215
Registered: 8-30-2002
Location: San Diego County
Member Is Online
Mood: Have Baja Fever
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| Quote: | Originally posted by DENNIS
| Quote: | Originally posted by cessna821
Most of the opinions passed on this topic reflect the views of expats or potential expats who wish to buy property near the coastline. Maybe it is
relevant to mention how things are from a Mexican viewpoint. |
Good. Glad you came forth with enlightenment.
Now.....explain the Constanzia...the interim promise of fulfillment the ejidos like to use when things arn't cut 'n dried.....the "we'll take care of
it later" clause.
By the way, are you a Mexican who knows Mexico law? You present yourself as such. |
Dennis, read the last paragraph, a wrap up that included this line: "I did all of this and have lived happily in Baja for 14 years"
Sounds like it worked for him/her?
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greengoes
Select Nomad
Posts: 10316
Registered: 6-27-2011
Member Is Offline
Mood: Today I slay the Red Dot.
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Eureka......found one!!
Haz Clic Aqui to get yours now!
ANUNCIATE AQUI
DISPONIBLE
INFORMES LLAMA SNOWBALL - 646-115-7754
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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 David K
Sounds like it worked for him/her? |
Thanks, Big D........sometimes I get impetuous. 
Anyway, success with ejidos isn't universal or guaranteed.
"YOU CAN'T LITTER ALUMINUM"
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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Toooo cooool. I'm on it. Thanks.
"YOU CAN'T LITTER ALUMINUM"
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bajadock
Super Nomad
Posts: 1219
Registered: 12-20-2006
Location: Punta sur de \'Nada
Member Is Offline
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David K's link is my last recollection and most recent news I can find about Flagship Group LLC, Austin Texas. Same goes for Flagship jefes Brady
Oman and Red McCombs.
http://multivu.prnewswire.com/mnr/flagship/35233/docs/35233-...
...is a generic marketing doc, no date attached.
http://www.linkedin.com/pub/susan-wise/4/ab0/20a
...shows Susan Wise as Marketing/PR head of Flagship group from 2008-2010. I corresponded with her via email during those years attempting to earn
sponsorship for Golf4Ninos. I was unsuccessful, most likely due to my selling talent. But, was given the "we want to keep a low profile, while
working through the environmental process."(Cannot quote directly, but, that was the essential spirit of my last communication with Ms. Wise.).
Perhaps a better interweb detective can scrounge better and more recent info on Flagship Group LLC, Austin Texas.
[Edited on 12-5-2013 by bajadock]
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cessna821
Nomad
Posts: 148
Registered: 9-17-2010
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Response to Dennis
I think I have heard of the Constanzia, but have not had experience of it.
I am not Mexican, I am an expat who loves living in the Baja.
The points I have covered in all my above replies were my own actual personal experiences, and never included comments or hearsay, verifiable or
otherwise, from a third party.
I don't present myself as knowing Mexican law, only the few relevant bits that I know about for certain.
The five points I raised earlier are the only way to buy property at the present time and I figured potential purchasers might find them helpful.
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David K
Honored Nomad
Posts: 65215
Registered: 8-30-2002
Location: San Diego County
Member Is Online
Mood: Have Baja Fever
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My link? Nope, not me... sorry!
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
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Mood: Weary
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Anyone who buys property in Mexico is a fool..........
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bajadock
Super Nomad
Posts: 1219
Registered: 12-20-2006
Location: Punta sur de \'Nada
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I want one of those Punta Brava shirts. Will need a few hundred cases of Pacificos to fill in the XL.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by bajadock
I want one of those Punta Brava shirts. Will need a few hundred cases of Pacificos to fill in the XL. |
Better hustle it up, Doc. Mine's in the correo.
"YOU CAN'T LITTER ALUMINUM"
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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 chuckie
Anyone who buys property in Mexico is a fool.......... |
Chuckie Chuckie Chuckie..............
Thank you so much for your inseam........uh.....insight. You are a Baja Gooroo, fer certain.
"YOU CAN'T LITTER ALUMINUM"
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DocRey
Nomad
Posts: 180
Registered: 2-27-2013
Location: SADM, Playas de T.J./Rancho Cucamonga, CA
Member Is Offline
Mood: Cautiously Optimistic
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...call me "fool"...
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neilm81301
Nomad
Posts: 134
Registered: 3-21-2012
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Geeze, then, why buy?
| Quote: | | Quote: | I think I'll just move down & squat - Hell, I'll be dead in 10 years, anyway!
Neil
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He was lucky, once someone takes possession of your property, legally or illegally, it usually takes at
least 10 years to wind it's way through the Mexican judicial process, (or lack thereof). |
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chuckie
Elite Nomad
Posts: 6082
Registered: 2-20-2012
Location: Kansas Prairies
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Mood: Weary
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I owned a home in Baja...I now lease one..Sic caveat emptor
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