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All Forum Posts by: N/A N/A

N/A N/A has started 1 posts and replied 2 times.

Post: Investment opportunity in Mexico

N/A N/APosted
  • Posts 2
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Any person can buy property in Baja or Mexico. But when it comes to property within the restricted zone (31 miles from the beach or 61 miles from the border) it must be purchased by using a bank trust or “fideicomiso”. The initial term of the trust is 50 years, and it can be renewed for additional periods of 50 years indefinitely.

“The mechanism by which the trust is created is simple. The Mexican Foreign Ministry issues a permit to a Mexican Bank, allowing the bank to act as the purchaser for the property on behalf of the beneficiary. The purchased property is placed in a trust. The bank is the “Trustee” and the actual purchaser is the “Beneficiary” of the trust.”

The Beneficiary has all of the property rights such as use and possession. He or she can also rent the property, improve it, sell it, etc.

The bank trust or fideicomiso offers judicial security to any person who wants to buy property in Mexico within the restricted zone and with U.S. Financing, U.S. Title Insurance, and escrow services; you can feel safe investing in Mexico.

I Hope this has been of help to all of you.

Thank you

Juan Carlos Garcia

Post: Investment opportunity in Mexico

N/A N/APosted
  • Posts 2
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Hi everyone, I am posting this because I just signed a contract with a Real Estate Developer with 25 years of experience to sell 100 Penthouses and 100 houses with an incredible ocean view in Tijuana, B.C. Mexico which is 30 minutes away from San Diego, CA.

The Real Estate market in Baja is booming right now, a lot of developers such as Donald Trump, David Butterfield, etc. are building resort type projects and still supply cannot keep with demand.

U.S. Financing, Title Insurance, and escrow services are available.

Thank you

Juan Carlos Garcia