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surfer jim
Super Nomad
Posts: 1891
Registered: 8-29-2003
Location: high desert
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8500 sq. ft. beach house......
Just for fun I checked out this ad from the top of the page...sure is a lot of house for a small price... allmost TOO much ....anybody seen it in
person....?
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thebajarunner
Ultra Nomad
Posts: 3718
Registered: 9-8-2003
Location: Arizona....."Free at last from crumbling Cali
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Mood: muy amable
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"If and when the lot becomes available"
Sounds like an ejido problem to me.
Can anyone spell "Punta Banda"????
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bajabound2005
Ultra Nomad
Posts: 2760
Registered: 10-15-2005
Location: Punta Banda, BCN
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Mood: words cannot describe...
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which ad?
Friends don't let friends drink white zinfandel.
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elgatoloco
Ultra Nomad
Posts: 4332
Registered: 11-19-2002
Location: Yes
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Sacrifice
Heart Problems
jedi warrior.com
top left hand page
When I first saw the ad I thought it was a house that is right next to Nuevo Mazatlan that we visited with the folks who lived there a few years back.
Similar type house, huge, brick, unfinished,owner in poor health. Nice people.
MAGA
Making Attorneys Get Attorneys
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Roberto
Banned
Posts: 2162
Registered: 9-5-2003
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| Quote: | Originally posted by thebajarunner
Sounds like an ejido problem to me.
Can anyone spell "Punta Banda"???? |
They're talking about available for sale. That house seems to be south of San Felipe - very little beach property for sale there -
mostly leases and expensive ones at that. So you're paying 150k for a house on a lot that is leased for (at best) 10 years at a time.
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Taco de Baja
Super Nomad
Posts: 1913
Registered: 4-14-2004
Location: Behind the Orange Curtain, CA
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Mood: Dreamin' of Baja
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| Quote: | Originally posted by bajabound2005
which ad? |
http://www.jetiii.com/house/
Truth generally lies in the coordination of antagonistic opinions
-Herbert Spencer
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bajamigo
Super Nomad
Posts: 1218
Registered: 6-17-2006
Location: Punta Banda, BC
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Mood: hubimos llegado
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| Quote: | Originally posted by thebajarunner
Sounds like an ejido problem to me.
Can anyone spell "Punta Banda"???? |
P-A-R-A-D-I-S-E. Do I advance to the next round??
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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That house is a monster. The add says it's in a camp. Beach camp, I assume. Lease land for certain.
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Hook
Elite Nomad
Posts: 9009
Registered: 3-13-2004
Location: Sonora
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Mood: Inquisitive
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Ad says it is in Campo San Pedro, 34 kms south of San Felipe.
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thebajarunner
Ultra Nomad
Posts: 3718
Registered: 9-8-2003
Location: Arizona....."Free at last from crumbling Cali
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Mood: muy amable
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The next round is....
| Quote: | Originally posted by bajamigo
| Quote: | Originally posted by thebajarunner
Sounds like an ejido problem to me.
Can anyone spell "Punta Banda"???? |
P-A-R-A-D-I-S-E. Do I advance to the next round?? |
I guess it is finding a chain link fence around your own place and having some dude renting it out to others every weekend.
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ILikeMex
Nomad
Posts: 108
Registered: 2-22-2008
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Mood: Whishing I was there
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I poked around the site from that link earlier. The guy that owns the land is old (70 or 80s) and his son is going to inherit the land. The person
who has the lease believes the son is not going to renew and will be selling the campo. The son has already done this (according to the lease owner)
to another plot of land.
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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 ILikeMex
I poked around the site from that link earlier. The guy that owns the land is old (70 or 80s) and his son is going to inherit the land. The person
who has the lease believes the son is not going to renew and will be selling the campo. The son has already done this (according to the lease owner)
to another plot of land. |
I don't think I'll be at the front of that line.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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WHAT?....GASP CHOKE CHOKE...
You mean to say the mansion owner isn't offering full disclosure? There must be some mistake. Surely he wouldn't do such a thing. I'll bet he just
forgot.
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rts551
Elite Nomad
Posts: 6699
Registered: 9-5-2003
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Everything seems to be on the web site including a copy of the current lease.. But I guess you never know.
Current lease is up in 2011 with an option to renew for 100% increase in fee. The web site also talks to the potential of the lots in the Campo being
sold.
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DENNIS
Platinum Nomad
Posts: 29510
Registered: 9-2-2006
Location: Punta Banda
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| Quote: | Originally posted by rts551
Current lease is up in 2011 with an option to renew for 100% increase in fee. |
Options to renew are meaningless. Can't be enforced in court.
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BajaWarrior
Super Nomad
Posts: 2307
Registered: 9-27-2006
Location: Mission Bay, San Diego. Playa Hermosa, San Felipe.
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Mood: Anxious to get south
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I know that house, it has been a real work in progress. It is just about 2 miles south of mine on the bluff.
I think he's a little high on some of his prices of furniture and solar but I guess he's high because it's already down there.
I'm on a lease, as so are my neighbors who have had their homes for over 40 years before the Fidecemiso was available, but then we have a good
landlord who's not a pig.
Haven't had a bad trip yet....
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bgp5740
Newbie
Posts: 10
Registered: 3-27-2008
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8500 Sq Ft Beach House - I'm the owner.
Hi folk's,
I am the owner of the house and would be happy to answer your questions. I have tried to do a full disclosure on the home at the site but if there are
any more questions, please ask.
I am thinking that I way under priced the house, am I correct?
jtorres
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Roberto
Banned
Posts: 2162
Registered: 9-5-2003
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| Quote: | Originally posted by bgp5740
I am thinking that I way under priced the house, am I correct?
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If the title to the land was available, yes. As it is IMO $150,000 for property you can't own (and that includes the house, since it is built on
leased property, it reverts to the land owner) - NO.
It also looks like part of that property, due to the elevation from the beach might be in the Federal Zone. Is this the case?
Renewing the lease after 2011 bay not be a problem, but I would not expect it to be true ten years after that. That whole area will be bought and
sold. While there's a slowdown in building right now, that won't continue to be the case.
Just my two cents.
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ILikeMex
Nomad
Posts: 108
Registered: 2-22-2008
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Mood: Whishing I was there
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I thought the owner did a pretty good job of disclosing information on his web site. It is not on the front page that the lease is a risk of being
renewed, but the information is in there if you research.
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bgp5740
Newbie
Posts: 10
Registered: 3-27-2008
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two cents
Thanks for your thoughts. As to whether it is in the Federal Zone, only the "Beach Deck" and what will be the steps and, I believe a few feet of the
beach front yard.
Title is tricky and I am going to refer you to a paper I finally wrote after getting many, many emails about leases, title, etc. This should be
informitive and can be viewed at http://www.jetiii.com/House/Land_Investment.pdf
Thanks again,
jtorres
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