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walterbyrd
Junior Nomad
Posts: 70
Registered: 6-26-2009
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Looking for a home under for under $60K
I don't expect anything by the ocean for that price, but what about something inland? I would also like internet access, and fairly close to a town.
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Santiago
Ultra Nomad
Posts: 3511
Registered: 8-27-2003
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Contact GeoRock on this site.
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Osprey
Ultra Nomad
Posts: 3694
Registered: 5-23-2004
Location: Baja Ca. Sur
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Walter, you can do it but you have to come look for yourself. Come to Baja with a serviceable vehicle, a few bucks to get around on, an open mind.
Realtors won't be interested in helping you much at that low end but you can do it yourself. Find some little villages that look OK to you, round up
somebody who speaks a little English, needs work -- just have him make some inquiries and soon potential sellers will find you. He can find out if
they have a deed. If they do, you just look the places over, ask the price in pesos and do it all with a smile. Some of my pals have purchased homes
down here just that way -- one for $23,000 U.S. in Santiago, one for $35,000 in Miraflores, one for very cheap in Agua Caliente, etc. etc. --- there
are hundreds of Mexican families out there who would sell for reasonable amounts but you have to know if you like the little towns. You'll probably
need city services and most of these little villages have them now. Good luck.
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Osprey
Ultra Nomad
Posts: 3694
Registered: 5-23-2004
Location: Baja Ca. Sur
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Walter, I thought you might be a retiree. Just belay what I said. Good luck finding work down here AND a cheap house.
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k-rico
Super Nomad
Posts: 2079
Registered: 7-10-2008
Location: Playas de Tijuana
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For that price you could also find something close to the water but it will probably be on leased land. In other words your really not buying anything
because the land owner owns all improvements, but depending on your game plan it might work out if the lease is for 10 years (the maximum) and legally
registered.
Think of it as renting and paying a portion of the rent up front that you will probably, maybe, maybe not, probably not, who knows, get back when you
sell to the next guy, if the owner decides to keep leasing and you can sell. Whatever you pay upfront is certainly at risk. Therefore the place should
be a good value.
What do the small palapa type houses at Coyote or similar Bahia Conception locations go for these days and what's the typically lease amount?
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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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k-rico, Good question.
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shari
Select Nomad
Posts: 13048
Registered: 3-10-2006
Location: bahia asuncion, baja sur
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Mood: there is no reality except the one contained within us "Herman Hesse"
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there are a few fixer uppers from $20 grand and up here all with internet ...a little ranchito that has awesome fruit trees, palms etc., my nephews
place is $25 G's and has a nice ocean view...there is a cool place for $20 in San Hipolito...etc...a really nice lot but only a small building on it
for $30 with a sweeping view of the bay....there are quite a few available.
all depends what you want and where you want it amigo...
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Paulclark
Nomad
Posts: 357
Registered: 10-13-2008
Location: Castillo de Arena
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close -- including 1/2 acre of land 700 yards from the beach---
http://www.eastcapehomes.com/bajabungalow.html
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noproblemo2
Super Nomad
Posts: 1088
Registered: 4-14-2006
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It depends upon where you want to be, we live between Rosarito & Ensenada, there are many nice homes in your price range with ocean views, I can
tell you which "realtors" in the area not to deal with..
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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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nice one Paul
which airport? Los Cabos?
what about from other local strips?
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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Von
Senior Nomad
Posts: 961
Registered: 10-1-2006
Location: Poway-Rosarito
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Mood: getting ready!
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Where abouts in baja? buy land put a nice trailer to start? u can be by the ocean for sure........
READY SET.....................
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Paulclark
Nomad
Posts: 357
Registered: 10-13-2008
Location: Castillo de Arena
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Capt'n Mike
Nearest airport is San Jose del Cabo, nearest airstrip is Las Frailes, (23d22m N, 109d26m W) which has just been resurfaced (cliche) and is open. 4
miles north of us. Next is Rincon which has also just been resurfaced (cliche) and is open. 14 miles north of us.
Paul
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walterbyrd
Junior Nomad
Posts: 70
Registered: 6-26-2009
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I am not looking to buy right now, but maybe soon.
Does Baja have strict rules about where you can put RVs and/or trailers? I am in Colorado, here if you buy land, most likely you have to a home built
by an established builder, and you have to do it within a certain amount of time, and it has to meet certain specifications. I could not just buy land
an put a trailer on it.
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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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thx Paul. good info to have. i have friends at Rincon 6 mos per yr.
that area is superb, by frailes. that is a good , no great land buy i believe.
the only new dirt being made these days is on the ocean floors - get it while it is hot!!
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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Corky1
Nomad
Posts: 416
Registered: 11-22-2003
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Heres one to check out.
http://www.bahiadelosangeles.info/message-board/index.php?do...
Might make a deal on the price???
Good luck,
Corky
 
\"Keep The Rubberside Down\" |
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DianaT
Select Nomad
Posts: 10020
Registered: 12-17-2004
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| Quote: | Originally posted by walterbyrd
I am not looking to buy right now, but maybe soon.
Does Baja have strict rules about where you can put RVs and/or trailers? I am in Colorado, here if you buy land, most likely you have to a home built
by an established builder, and you have to do it within a certain amount of time, and it has to meet certain specifications. I could not just buy land
an put a trailer on it. |
That would depend on where your are---some quite developed communities have more rules, etc.
Are you aware of the laws about buying real estate in Mexico? Unless you are a Mexican citizen, you cannot outright buy property near the coast---I
forget how many miles away from the coast one needs to be, but I sure someone else remembers.
So, IMHO, the safest way to purchase land or a house is through a bank trust which is good for 50 years with the right of renewal for 30 more, plus
you can name beneficiaries. However, the cheapest I have heard lately for a bank trust is about $6,000 to 7000. dollars--.
There are other ways that as one agent told us, are legal, but not as safe. But some people are willing to take the chance.
Leased land---longest legal lease in Mexico is one day less than 10 years. Lots of people like this arrangement and many adhere to the idea of don't
build anything you are not willing to walk away from----or like you mentioned, a trailer which you can pull away.
Not the place to do it, but I could tell you about a large leased development near San Quintin where the people really thought everything was great
with their leases until the "owner" died. They had all built very nice homes. Long story as to how they saved it all, but it cost money and time.
So, just be cautious----Many people are VERY happy on their leased land and have their eyes wide open as to the possibilities.
Good Luck
Diane
[Edited on 6-28-2009 by jdtrotter]
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Paulclark
Nomad
Posts: 357
Registered: 10-13-2008
Location: Castillo de Arena
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Note -- a Bank trust is for 50 years and renewable for an additional 50 years and ---in perpetuity in theory. The trust gives you the same rights as
a fee simple property owner. The cost depends on the value of the purchase but is about $5,000 plus 2% of the purchase price. The 2% is the Mexican
acquisition tax.
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DianaT
Select Nomad
Posts: 10020
Registered: 12-17-2004
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| Quote: | Originally posted by Paulclark
Note -- a Bank trust is for 50 years and renewable for an additional 50 years and ---in perpetuity in theory. The trust gives you the same rights as
a fee simple property owner. The cost depends on the value of the purchase but is about $5,000 plus 2% of the purchase price. The 2% is the Mexican
acquisition tax. |
Thanks---I was sure that our Bank Trust only had 30 years for the renewable---but I could be wrong---but then again, I don't think I will be around to
worry about it. 
Also, don't forget there is an annual fee paid to the bank holding the trust----still think it is the BEST way to hold property in Mexico---as you
say, same rights a fee simple for the most part.
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Paulclark
Nomad
Posts: 357
Registered: 10-13-2008
Location: Castillo de Arena
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The older trusts are for 30 years, the new ones are for 50 and when you renew a 30 year trust you can renew for 50 years. The annual fees vary from
bank to bank. The lowest I know of currently are $330US per year.
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jerryjust
Junior Nomad
Posts: 39
Registered: 6-17-2009
Location: Rosarito,Baja, Norte
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Mood: great
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Bank Trust
I pay Bancomer 385.00 a year bank trust. 50 + 50. Just marry a Mexican and put it in their name.
BE WHO YOU ARE:SAY WHAT YOU FEEL:THOSE THAT MIND DON\'T MATTER: AND THOSE THAT MATTER DON\'T MIND;;;;
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