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loretohood
Newbie
Posts: 3
Registered: 7-11-2007
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Loreto Property
I am planning a trip to Loreto in the next 30 days with the intention of finding a house, condo or land to purchase.
Ideally, I would like to find something already built so that I can start using it immediately and renting it when I am not using it.
I looked at some properties in Los Cabos three years ago but the time was not right for me. I was recently in Los Cabos and visited properties both
in the Los Cabos as well as in San Jose De Los Cabos and real estate has appreciated drastically.
I am hoping that I may be able to find something in Loreto.
Any help, suggestions, recommendations are welcomed.
Thank you.
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rhintransit
Super Nomad
Posts: 1588
Registered: 9-4-2006
Location: Loreto
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bring lots and lots of money and be very very careful who you deal with, buy from, etc.
reality\'s never been of much use out here...
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Diver
Ultra Nomad
Posts: 4729
Registered: 11-15-2004
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Bring lot's of money !
Prices have gone up all over Baja - especially Loreto over the past 5 years !
We looked 4-5 years ago and almost bought - should have - now it's too much for us. Coulda made a bundle like Skeeter ??
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Loretana
Senior Nomad
Posts: 825
Registered: 5-19-2006
Location: Oregon/Loreto
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Mood: alegre
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Loretohood,
I'm giggling as I read your post, not because I'm being snide, but because I am tickled by your idea that you're going to snap up a ready built house
in Loreto that's just waiting to be sold.
Get ready for "sticker shock" when you do find something, but here's a lead.
Tom Bird, a Loreto resident, has a darling house that Chucho Cortes just built on Calle Madero across from the kindergarden. Its' a cutie.
His contact information:
mybaja1000@aol.com
714-815-0146
And welcome to the Nomad board. 
[Edited on 7-14-2007 by Loretana]
"If you want to find the secrets of the universe, think in terms of energy, frequency and vibration."
-Nikola Tesla
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Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
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Mood: undecided
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Thinking that maybe Baja has over-priced itself. Too much hype, too much, too much.  You can get more bang for your bucks in other areas. Even in the good 'ole USA! Have been told you can actually drill a well and get water down
there.
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oldhippie
Banned
Posts: 742
Registered: 6-25-2006
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Mood: muted
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Baja real estate is in bubble territory. However, if/when I buy my next property in Mexico, probably on the mainland, a visit to the Notario for the
area seeking a referral to a local lawyer will be one of the first things I do. Then I'd let him talk turkey with the seller and guide me through the
process.
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Don Alley
Super Nomad
Posts: 1997
Registered: 12-4-2003
Location: Loreto
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You may be able to find something if you can accept old Mexican standards, like a low roof with no ceilings, tiny bathroom, deferred maintenance, etc.
Or you can buy a really nice place for several hundred thousand.
Problem is that the population is growing rapidly, with demand for workers, skilled, unskilled and professional, and a recent influx of new buyers.
The rental market has been saturated, and the inexpensive real estate is long gone.
And there are so many people looking for property! I believe most, if not all, of the condos being built are presold. And it's to early for many to
get "flipped" on the market.
The best sugesstion I've heard is to look at Tom Bird's property.
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Wiles
Nomad
Posts: 337
Registered: 10-1-2006
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As seen on Nellie's site this week
http://whereintheworldisnellie.blogspot.com/
There are many investment deals in Loreto. This week I am showing a rental investment for sale. It is a brand new home, well located on a quiet street
in downtown Loreto with a 2 bedroom suite that would rent for $700 per month and a 1 bedroom suite that rents for $500 a month, with parking. This is
for sale at $150,000 USD and a good immediate return. There is zero vacancy in Loreto and the rental accommodation will not change anytime soon. We
can advise you on the many real estate options in this area, including Loreto Bay. Just email or drop by for more information.
[Edited on 7-15-2007 by Wiles]
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jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
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reading nellie's blog about Loreto it sure is refreshing instead of all the gloom and doom
jerry and judi
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capt. mike
Elite Nomad
Posts: 8085
Registered: 11-26-2002
Location: Bat Cave
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Mood: Sling time!
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not a bad little hut for 150K.
formerly Ordained in Rev. Ewing\'s Church by Mail - busted on tax fraud.......
Now joined L. Ron Hoover\'s church of Appliantology
\"Remember there is a big difference between kneeling down and bending over....\"
www.facebook.com/michael.l.goering |
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bancoduo
Banned
Posts: 1003
Registered: 10-3-2005
Location: el carcel publico mazatlan sin.
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| Quote: | Originally posted by jerry
reading nellie's blog about Loreto it sure is refreshing instead of all the gloom and doom |
Is this the
Nellie who owns the BAR with the motel in the back? The play hard girl, as she calls herself.
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Bob and Susan
Elite Nomad
Posts: 8813
Registered: 8-20-2003
Location: Mulege BCS on the BAY
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Mood: Full Time Residents
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yup....
http://www.bajaboss.com/nellies/nellies.html
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vandenberg
Elite Nomad
Posts: 5118
Registered: 6-21-2005
Location: Nopolo
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Mood: mellow
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| Quote: | Originally posted by jerry
reading nellie's blog about Loreto it sure is refreshing instead of all the gloom and doom |
BS'artiste extraordinaire.
Likely attended many Loreto Bay seminars
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Cypress
Elite Nomad
Posts: 7641
Registered: 3-12-2006
Location: on the bayou
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Mood: undecided
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No gloom, no doom. Just trying to figure out how to work my way thru the crowd.
Guess the key word is "crowd".
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bancoduo
Banned
Posts: 1003
Registered: 10-3-2005
Location: el carcel publico mazatlan sin.
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LORETO FUN GIRL'S BIO
http://www.zoominfo.com/people/Hutchison_Nellie_869509006.as... 
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oldhippie
Banned
Posts: 742
Registered: 6-25-2006
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Mood: muted
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Is Nellie's house close to the Hard Rock cafe?
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Worldtraveller
Junior Nomad
Posts: 65
Registered: 11-26-2004
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Based on her blog, this bio is old news. She has left Loreto Bay Company and is in business on her own or with partners.
[Edited on 7-16-2007 by Worldtraveller]
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jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
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yes worldtraveller but dont muddell up the opinion with facts that dont go along with the gloom and doom theory
jerry and judi
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oldhippie
Banned
Posts: 742
Registered: 6-25-2006
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Mood: muted
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| Quote: | Originally posted by jerry
yes worldtraveller but dont muddell up the opinion with facts that dont go along with the gloom and doom theory |
Jerry, it's not gloom and doom if what you want is something along the lines of Cabo San Lucas. If that's what you want, you should be looking forward
to a life in Loreto.
[Edited on 7-16-2007 by oldhippie]
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jerry
Super Nomad
Posts: 1354
Registered: 10-10-2003
Location: loreto
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i dont care for los cabos mostly because of the crime but some people love it everyone shopuld have a choice
i cant believe that these hugh busness are going to invest billions in the loreto area without a plan for getting water, their not stupid
the first thing any development needs is water
if i was developing an area i sure would not tell anyone anything about anything it only breeds contempt competition and adversarys as it has here
everyone second guessing and all opposing for what ever reasoning
and will use anymeans to stop it because they want everything to stay the same
where have the develpoers and speculators takin there profits a mess?? and left??
Las Vegas?? Lauflin?? Socal??
i dont relish the thought of Loreto becoming a big city but ill let that up to the government where it should be
different strokes for different folks
jerry and judi
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