justsomeguy!
Super Anarchist
And the gas is so much cheaper! Your loss.
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Buying property in Baja Mexico - anyone done it?
- Thread starter Burning Man
- Start date
Code 2
Anarchist
My parents bought a home in the coastal zone 40 years ago. I have been going there since I was a kid. They had several forms of ownership that originally did not include the land and eventually had to create a Mexican corporation to purchase the land and effectively own the property. I think the process took about 5+ years. My step-mom is fluent in Spanish. She is not deterred by anything. I think even with a solid background with real estate it always sounds like a run around - just a bunch of red tape. Every year I hear about the process to pay taxes through the Mexican lawyers and frankly when it becomes mine I am not sure what to do with it. I haven't been to the house until recently for about 5 years. Wife wont go. Its just a different vibe now - and she drove with me to Cabo more than once back in the day. Mexico is just not the same - but I still love it every time I go.
If you play dumb games down there you will get dumb prizes is about the truest statement ever.
View from the upstairs patio.
If you play dumb games down there you will get dumb prizes is about the truest statement ever.
View from the upstairs patio.
chester
Super Anarchist
- 6,650
- 1,606
Billy Bob
Member
I owned a place in Baja. Todos Santos. Mine was in a Mexicans name who my family who lived there trusted. It is called a presta nombre. As far as I know that is one of the only ways your property can't be taken by the Mexican government from you, if they wanted to.
In Mexico their system runs on what they call "mordida" otherwise known as the pay off. someone in Mexico is always going to get a piece of the action, so beware. If your good with that Mexico is your oyster.
In Mexico their system runs on what they call "mordida" otherwise known as the pay off. someone in Mexico is always going to get a piece of the action, so beware. If your good with that Mexico is your oyster.
Point Break
Super Anarchist
Then there is the health care…….
billy backstay
Backstay, never bought a suit, never went to Vegas
Years ago, Missus BB had to visit a Dentist while working on a program in Mexico, when she was a Tour Director. She had an abscessed tooth or something. Without washing his hands or donning gloves, the Dentist pulled her cheek open to look at the tooth. He hollered to his Assistant in the other room, "Hey, Juanita, come and have a look at this one!!". After that, I think he took care of the problem, but it put her off of any future "Doctor" visits in Mexico for good!
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Mike in Seattle
Super Anarchist
. talk to Boothy, Jeff.
LuisSilvan
New member
- 3
- 0
Mortgage loans here are a little unsatisfactory, unlike in Canada, but there is no other choice. Therefore, before doing this, it is best to get advice from Mortgage Advisor London so that you choose the right mortgage for yourself and then you don't have problems with the bank. I wish you good luck in acquiring property here!
Code 2
Anarchist
Correction - went sailing with Dad yesterday and the ownership is a Mexican Trust.
My sister and her husband have lived in Mexico for years, by Guaymas on the other side of the Gulf of California. They love it there and are contemplating selling their current house and building new. Medical care has been no issue for them, they both say they have received first-class service through several operations.
One data point only.
One data point only.
El Borracho
Verified User
If the cost of your Baja home is just fun money like this here philippine rainforest palace, then the most basic cautions can suffice. I also have the benefit of a local spouse who has some insight into the local machinations, which an innocent Yank completely lacks. But if the investment is more than that I would put one of the cross-border law firms on the case and follow all their advice.
