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Author: Subject: buying property
thebeckster
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[*] posted on 2-28-2017 at 01:38 PM
buying property


how does anyone know if all of these people with their so called developments are legit? anyone can put on a dog and pony show. how do you check them out and if they have all the proper permits, permission, and are qualified to do what they are claiming????
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pacificobob
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[*] posted on 2-28-2017 at 02:30 PM


if they tell you "water coming soon" that is a clue.
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larryC
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[*] posted on 2-28-2017 at 02:33 PM


Use a Notario, ( special Mexican attorney authorized to do land deals) and follow his guidance. You need somebody on your side when you are doing deals like that. Don't use their attorneys.



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sancho
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[*] posted on 2-28-2017 at 09:12 PM


Quote: Originally posted by pacificobob  
if they tell you "water coming soon" that is a clue.








Or the electrical will be run to your lot tomorrow









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gnukid
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[*] posted on 2-28-2017 at 09:20 PM


If it's not already built, it probably won't be anytime soon. Developments seem more likely to fail since there are so many variables compared to a one to one sales. I wouldn't trust a development owned by a corporation as a "shareholder".
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mtgoat666
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[*] posted on 2-28-2017 at 09:34 PM


Quote: Originally posted by thebeckster  
how does anyone know if all of these people with their so called developments are legit? anyone can put on a dog and pony show. how do you check them out and if they have all the proper permits, permission, and are qualified to do what they are claiming????


Don't pay into a development before it is built. Too many developments fail, many many developments fail, and people that paid money never see it again. Look at Donald trump's development in Baja. Many people paid him 6 figures and they never even poured the first yard of concrete.
And there are plenty of already-built homes in Baja to choose from.
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Udo
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[*] posted on 3-1-2017 at 08:51 AM


I have yet to see a "development" built in recent memory. Many of them are actually started with drug money.



Udo

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cliffh
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[*] posted on 3-1-2017 at 09:31 AM


Quote: Originally posted by larryC  
Use a Notario, ( special Mexican attorney authorized to do land deals) and follow his guidance. You need somebody on your side when you are doing deals like that. Don't use their attorneys.


You can get a pretty good idea of what is going on in all the towns etc., by spending a few evenings in the local watering holes where the Gringo's go for a drink. Notario is a must.
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thebeckster
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[*] posted on 3-2-2017 at 08:59 PM


Thanks for all of the good advice. Sounds like there is no shortage of scammers! Guess you just have to learn to identify the smell of BS!
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Leo
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[*] posted on 3-2-2017 at 09:16 PM


Since you asked, Beckster, I wrote a book on this. A few chapters handle just this problem. Look for 'Living or Retiring in Mexico' available at Amazon.com. www.amazon.com/Living-Retiring-Mexico-need-before/dp/0973552...



The grass is always greener....
and so, there is always a better spot in Baja
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mtgoat666
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[*] posted on 3-2-2017 at 10:23 PM


Quote: Originally posted by thebeckster  
Thanks for all of the good advice. Sounds like there is no shortage of scammers! Guess you just have to learn to identify the smell of BS!


I think most developers are not scammers (yes, there are some scams). I think developers often have good intentions, but their projects just fail.
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