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brewer
Nomad
Posts: 419
Registered: 1-4-2011
Location: BCS
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Mood: Grateful
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Rancho Costa Verde?
What's the latest going on there? Haven't heard much lately. Always drive by it and can't tell if it's getting built up.
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wilderone
Ultra Nomad
Posts: 3824
Registered: 2-9-2004
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See the posts in this forum in the NEWS category. There are some pics and info from a few weeks ago. The RCV folks take a bus full of prospective
buyers about 40 weekends per year to see the property. About 6 homes are complete, maybe 4-5 half done; told last month that 10 are being drawn up,
and 10 waiting to start; 6 months to build a home; four different contracting companies.
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steekers
Nomad
Posts: 255
Registered: 12-4-2007
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As I stated before don't invest a dime as they have no permits and the sales people have their heads in the sand...also being sued by about 20 people
who bought lots and now want their money back as they were lied to at the sales dinner that attracted them. Same RMAC sales bums who sold lots at El
Dorado Ranch and that place is imploding...Pat Butler owes MILLIONS of dollars and has no less than $3 million in CONFIRMED California
judgments...plus owes the Mexican government millions in taxes.
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4Cata
Nomad
Posts: 115
Registered: 10-28-2008
Location: Yosemite area
Member Is Offline
Mood: Siempre alegre!
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Rancho Costa Verde
was just there last weekend. The clubhouse and pool are finished. Several houses are finished and occupied, several more are in process. Lots
start at $17,500 but discounts for travel and cash are available. Met some really nice folks, not sure I want to be so far from San Felipe. Any
thoughts?
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meme
Senior Nomad
Posts: 756
Registered: 8-20-2003
Location: San Felipe,BC
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Would not be even considered by most living here. It seems they are selling unregistered lots, in a river bed , no electricity(all solar) . As said
above being sold by RMAC sales people that tell you just what YOU want to hear.
It's a long way from the Hwy much less traveling to SF. After looking at it we wondered just what happens when it rains? 
Also have heard that there are about 18-20 people wanting their money back & not getting it.
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desertcpl
Super Nomad
Posts: 2396
Registered: 10-26-2008
Location: yuma,az
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Kat
just posted on her page about this,,, no permits to sale or build
not even started with the paper work
so very sad for the people that have invested
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
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Quote: Originally posted by desertcpl  | Kat
just posted on her page about this,,, no permits to sale or build
not even started with the paper work
so very sad for the people that have invested |
That's really strange inasmuch as I just heard a commercial on the radio for them today.
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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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Wodd, if you looked hard enough you could find a commercial for Edsels...
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PaulW
Ultra Nomad
Posts: 3075
Registered: 5-21-2013
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Crooks
“Jesus Carrillo, President of AMPI San Felipe, discovered RCV [Rancho Costa Verde] has no paperwork, no permits etc. to sell property.
“The AMPI San Felipe President Jesus Carrillo, J. Carlos Macial and the president of CEPIBC have met with Ensenada Development Agent to discuss RCV.
It was discovered that there have been no application applied for by RCV. It appears that RCV has subdivided their land, sold parcels and built homes
without government approval.
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bajabuddha
Banned
Posts: 4024
Registered: 4-12-2013
Location: Baja New Mexico
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Mood: Always cranky unless medicated
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P.T. Barnum never really coined the famous phrase, but it certainly seems to apply perfectly in this development situation. In a perfect world,
everything would be done on the up-and-up. Ol' Bernie Made-Off with a lot of investor's monies not too long ago; I wonder how they're all doing
recouping their pie-dreams?
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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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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Its all about get rich quick stuff.....How many gringos do we all know willing to buy something so they can turn a buck? Look at all the busted
developments just in the Mulege area! Big signs, flossy brochures, buy now, resell later and make money. People who buy without doing the research
deserve what they get..
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steekers
Nomad
Posts: 255
Registered: 12-4-2007
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Ensenada Officials call it an "Illegal Settlement"
Over on the San Felipe Uncensored FB site is posted:
"Letter to Rancho Costa Verde S. De R.L. de C.V., the Mexican corporation which is the owner of record of the property called Rancho Costa Verde."
"The reason for the letter is to inform you that the development mentioned (Rancho Costa Verde) is illegal, lacking a subdivision authorization, and
as of the date of this letter (March 19, 2015) is in the process of requesting a AF1 Feasibility of Land Use For Verification of Conformity for
Subdivisions. This is only one of the five steps which must be complied with to obtain authorization to subdivide from the agency, which I head."
The letter is signed by Gabriel Humberto Morales Rios, Director of the Registrar and Urban Development, of Ensenada. You will see the actual letters
from Ensenada officials so this "development" being sold by the RMAC agents Rob Rios and Michael Cresci is illegal. These guys are real blatant! Pity
the people who have already built homes with no permits and stand to lose mega dollars. And the "developer" Frank Ingrande declared Chapter 7
bankruptcy in 2012. And the "free" sales dinners continue in California restaurants. This scam seems to be worse than Punta Bunda.
[Edited on 9-19-2015 by steekers]
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hombre66
Nomad
Posts: 281
Registered: 10-29-2014
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Thanks to those experienced Nomads posting their knowledge on this subject. My mom gave me a "lot" deed to EDV's back in the 80's and I got squeamish
from the get go. I think I'll get a motorhome when I retire.
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SFandH
Elite Nomad
Posts: 7084
Registered: 8-5-2011
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Wheel estate. That's what I decided upon.
Still may buy some mex real estate someday, but there's no rush. A travel trailer on the beach for the winter works.
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woody with a view
PITA Nomad
Posts: 15939
Registered: 11-8-2004
Location: Looking at the Coronado Islands
Member Is Offline
Mood: Everchangin'
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^^^WORD!^^^
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BajaNomad
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Thread Moved
9-19-2015 at 03:47 PM |
BajaWarrior
Super Nomad
Posts: 2307
Registered: 9-27-2006
Location: Mission Bay, San Diego. Playa Hermosa, San Felipe.
Member Is Offline
Mood: Anxious to get south
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We met some nice people in Baja that have a home there. They love it and have a great lot. The clubhouse is nice and the pool too, but when they were
along with us for a poker run we asked them about their Fidecamiso and they had not even heard of that at all. So much for ownership, plus no Resident
cards, nada.
It's not for me for that kind of money, plus the beach is rocky not sandy.
Hey Steekers, Hey brewer...
[Edited on 9-19-2015 by BajaWarrior]
Haven't had a bad trip yet....
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Bajahowodd
Elite Nomad
Posts: 9274
Registered: 12-15-2008
Location: Disneyland Adjacent and anywhere in Baja
Member Is Offline
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All I know is that one of the partners in this project was also a developer at El Dorado Ranch. Perhaps some folks involved at el Dorado could chime
in here.
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Tioloco
Ultra Nomad
Posts: 2688
Registered: 7-30-2014
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Bottom line-
Mexican real estate is as safe as buying an RV...
The RV is guaranteed to be worth nothing in a short time.
The Mexican real estate could do the same or be safe like many have experienced.
The RV can not appreciate in value.
The real estate can. Don't spend more on either than you can afford to lose!
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BajaBlanca
Select Nomad
Posts: 13197
Registered: 10-28-2008
Location: La Bocana, BCS
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boy, I think it is just terrible that people are getting taken for a ride thinking that their investment is above board.
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mtgoat666
Select Nomad
Posts: 18390
Registered: 9-16-2006
Location: San Diego
Member Is Offline
Mood: Hot n spicy
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Why would anyone want a vacation home in san Felipe?
I have never understood what people see in san Felipe?
Can someone explain the appeal of san Felipe?
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