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Donjulio
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Long Term Investment Opportunity
What does long term mean? Who knows. I would say the way the economy and the market is in San Felipe right now we are probably looking at 10 years.
This property is at El Huerfanitos - 109 kilometers south of San Felipe but only 17 kilometers south of Puertecitos.
Property is 2520 lineal feet of beachfront. 217 total acres. Title has already been transferred from original ejido owner to private individual. Title
is clean and property is owned by a Mexican developer currently developing his 2nd project in San Felipe.
He wants to list it at $750,000 however I know that right now he would take $600,000 firm.
If anyone has been to Puertecitos or Gonzaga Bay lately they will know that the brand new road is almost finished to the property. Should be done in
60 days.
Lots of things are on the drawing board for Gonzaga and this is right on the way. Carlos Slim has been buying up a large amount of the property from
San Felipe to Gonzaga. Must be a reason for that.
PLEASE ONLY SERIOUS INQUIRIES! THANKS
[Edited on 6-6-2009 by Donjulio]
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gnukid
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750k at high tide, 600k at low tide.
Doesn't sound right-and note the title is fresh, that's not good-no chain of title. Property is described as .5 miles wide by 217 acres deep??? When I
do the math its almost $3000/acre of questionable use butting against a stinky mud flat.
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mtgoat666
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| Quote: | Originally posted by Donjulio
Title is clean and...
Carlos Slim has been buying up a large amount of the property from San Felipe to Gonzaga. Must be a reason for that.
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no such thing as clean title in mexico.
re slim buying mudflats and desert hellhole lands, when you find out the reason, and verify your ridiculous statement, why don't you tell us -- until
then your statement is nonsense.
this is some of the least desireable beach in the world. it really is a mudflat. the temperature makes the area uninhabitable 6 months of the year.
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Bajahowodd
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Which way to the egress?
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longhairedbeatnik
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Wow,
Really tough crowd today.
I would wait until the next election to purchase any land in Mexico. The path the country takes at that point in its history will be a true test of
its fairness to its population and its visitors.
The land purchase horror stories are coming up in numbers the last couple of years and that is rather disturbing. I am seeing and hearing these
stories here and other places and hope the economy getting worse does not compound the problem.
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Donjulio
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Well it is a tough crowd but that doesnt really concern me too much. I have been doing real estate in Mexico for 10 years and have been involved in
$17,000,000 in closed sales and so far nobody has lost a property yet. So......
I don't understand the no chain of title comment - if you read the post again it says it was originally ejido. Land was legally privatized and is now
currently owned by a Mexican whom I know very well. He is a well respected businessman (yes there are a lot of them here for all you naysayers LOL)
and he privatized the property from the ejido owner.
If people do due dilligence here it isn't any different than buying in the states. Since this property is the size it is that would mean the buyer is
probably putting it into a corporation which is then going to be a fee simple ownership.
There are certainly many more happy foreign landowners in Mexico then there are unhappy. You don't hear much from them though cause they are too busy
doing the things they moved to Mexico for in the first place.
Like I asked - serious inquiries only. Thanks
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Bajahowodd
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Must have worked at El Dorado to get those numbers.
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gnukid
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Bwha ha ha of course mister "trust me" doesn't have the guts to post his name or number or identify himself in anyway... Totally trustworthy.
BTW I would suggest some caution here since this seems a little odd.
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arrowhead
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| Quote: | Originally posted by Donjulio
If people do due dilligence here it isn't any different than buying in the states. |
Due diligence in the States involves getting a preliminary title report from a title company showing all liens and claims on the property, zoning and
easements. There is no such thing in Mexico. How do you do due diligence? All you need to ruin your life is for one ejiditario, or his heirs, to say,
"Hey, I didn't vote on the sale. Give it back."
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oxxo
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| Quote: | Originally posted by Donjulio
Land was legally privatized and is now currently owned by a Mexican whom I know very well. He is a well respected businessman |
WAIT, WAIT, don't tell me! The land is owned by ramuma53. Do I win? What is
my prize? Turtle soup?
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longhairedbeatnik
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Please see Loreto Bay thread 
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mtgoat666
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| Quote: | Originally posted by Donjulio
If people do due dilligence here it isn't any different than buying in the states. |
don julio is a comedian
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Donjulio
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Wow
Well guys - anyone is welcome to U2U and get my name, company website, verifiable references etc.
Yes Mexico title can be searched back to 1917 and you can get title insurance even though quite honestly there are so many exclusions that it is
pretty much worthless. But yes you can get a prelim title report and certs of no liens and encumbrances and everything else you can get in the states.
Where do you guys get your information?
Someone will purchase this property and do something with it now or in the future so the negativity is really unfounded.
Remember 20 years ago that little mud flat in Cabo. Oh yeah - now they call it a marina and the company that owns the parking lot there turned down an
offer of $110,000,000. Not bad for a mudflat.
Relax boys - if you don't have an interest you don't have an interest. This is a thread for real estate available for sale so the post is in the
proper place and in the proper context.
[Edited on 6-7-2009 by Donjulio]
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gnukid
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Our skepticism is reasonable considering your presentation, it's welcome criticism and advice if you are sincerely trying to do good work. Take it
with a grain of salt, er mud.
The fact that are not making a more clear presentation is a red flag and your analogy is even more so misleading? Why? (we know why)
Seriously your analogy between the two properties is absolutely misleading? Cabo? and your introduction totally vague, as you know any serious
boating activity in the location you have suggested or implied is physically impossible.
Apparently, you are setting a misleading trap for an unaware buyer.
There will never be a marina.
From what we know so far, which is very little, you are vague, false and misleading.
Why did you not provide more info? Why not answer the questions factually? What is your name?
I am being rhetorical-no need to answer.
Take it elsewhere pal.
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Donjulio
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I would think that someone that was going to spend $600,000 would not be stupid enough to do so based on a post in the forum.
I would think they would contact me, come down to San Felipe, meet with me and the property owner, take a look at the property etc.
Then if interested, hire an attorney, do a title search, obtain a cert. of no liens and encumbrances, obtain a letter of title commitment, open an
escrow and then meet with a Notario for the finalization of transfer of title.
Thats the way the big boys do it.
And btw - I posted in the forum so that someone that had a serious interest could contact me to get information. This is a place to give people notice
of whats available. As far as being vague or presentation - the forum isn't the place for that. As far as not answering questions, I don't think that
anyone has actually asked me a question.
As far as the reference to Cabo. Well in the early replies they stated that the area is a mudflat at low tides. All I said was so was the area in Cabo
that is now a marina. Someone had the vision and foresight to turn a mudflat into a marina. I have already had someone contact me that was interested
in using the area for aqua-culture. So every property has has a use and someone that has that vision will figure it out.
Next...
[Edited on 6-7-2009 by Donjulio]
[Edited on 6-7-2009 by Donjulio]
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flyfishinPam
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| Quote: | Originally posted by Donjulio
I would think that someone that was going to spend $600,000 would not be stupid enough to do so based on a post in the forum.
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longhairedbeatnik
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This is a joke,right.Tell us about your company and your name.
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Donjulio
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www.sanfelipedevelopmenttours.com
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mtgoat666
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| Quote: | Originally posted by Donjulio
As far as not answering questions, I don't think that anyone has actually asked me a question.
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ok, here are some questions:
what is your name?
what is link to your website?
what other properties have you brokered?
the area you refer to is alluvial fan so appears to be flood zone, is that correct?
your photo shows a house on the land, what are details about existing houses and occupants?
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Donjulio
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I have posted the link to my website - that will give you a lot of information about me and my company and the properties that I deal with.
I am updating my website because my business partner Ron just passed away. You will see in my website the reason I started this particular company. If
you look on the what you will learn on the tour page you will see that we give full disclosure on all the developments.
For those of you that are in San Felipe or familiar with San Felipe you will notice that a great majority of those developments are either closed or
have stopped construction. However you will also find people still around that would gladly sell you something in one of them. That is why we started
doing real estate the way we do it. If a development hasn't had any construction or progress we will tell you. If they are shut down, we will tell
you. If they don't have the proper permits we will tell you. If there are lawsuits against the developer that we know of we will tell you. Doesn't
make us very popular.
Unfortunately by the time we actually finished our due diligence we only came up with about 5 developments that are reasonably safe to buy in. DO NOT
ask me to name them on a public forum because that would be professional suicide and open me to libel on the ones that aren't.
As far as the property south. One of the developers from the 5 owns that property. He has a good track record. As I mentioned someone will have use
for 2520 feet of beachfront and that is still a phenomenal price. As far as the homes that are on the property. His property ends where those homes
begin.
Once again, please, if you have a serious interest in the property as a buyer, contact me and I will provide any and all information that you want.
Other than that, let it rest because even as slow as the market is here I am not going to waste time answering a bunch of questions on the forum just
to satisfy someones skepticism.
With that said - you know who I am. You know where to find me.
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