Buy and hold multi-family in Tijuana, Mexico

[Jim Munoz]

A possible lucrative real estate opportunity with great potential has literally fallen into my lap in recent weeks. The difficulty is that the property(ies) are located in Tijuana, Mexico and I just don't know where to start. If there's anyone here on BP who is experienced in real estate dealings in TJ (i.e., State appointed Notario Publico, Local Realty Agents, Local Real Estate and/or Tax Lawyers, etc.)  or know of anyone with information about deeds, property valuation, local real estate tax laws, land service fees, liens and the like, (preferably working in Tijuana or San Diego County area) please let me know. Thx

[Jose Guevarra]

Hey Jim,

Numbers? What would you exit strategy be?   If you're not a "ciudadano de Mexico" you can purchase property through a living trust called a fiedecomiso.  

Personally, If you don't have experience with real estate, in general, I don't think you should try to do deals in another country.  I would gather as much info about the property as possible, gauge the motivation of the seller, have them send you pictures and documentation, then just birddog this to an experience investor or broker.  Ask for a few grand US$(not pesos) on close for the referral.