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La Jornada Mexico Article
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Real Estate Investing in Cabo San Lucas and even Cerritos Beach
from: is Easier and Safer than you thinkAuthor: Steve Majors
Article:
Several myths surround real estate ownership in the Cabo San
Lucas area, beach property in places like Cerritos Beach and
real estate investing in Mexico in general.
One of the biggest myths about owning property in Mexico is that
it is impossible for foreigners to own land within 50km of the
sea coast or 100km from the border.
Owning land in Cabo San Lucas and the surrounding area is easier
than one might think and below is one example of how this is
possible.
It is a great article by Carol Billups, that describes how
Americans or any foreigner for that matter can (and do), own
land and property within the Mexican states and the Baja Sur,
Cabo San Lucas area.
Real Estate: Trust is Everthing Foreign Investment in Mexican
Real Estate with the Fideicomiso of Mexican Bank Trust
"In Los Cabos, foreigners (US and Canadian citizens as well as
all others) can buy property as long as they own it in a trust
known as a Fideicomiso.
This trust, similar to a living trust, exists to hold title to
one piece of property.
If your property is located within 50 Km from a sea coast or 100
Km from an international border this is the only way in which
you can take title.
In Los Cabos that pretty much defines all of our real estate.
But we're not complaining because not only is the Fideicomiso
system safe it offers tax and estate planning advantages.
What you need to know are the terms of the trust."
http://www.loscabosguide.com/realestate/fideicomiso.htm
It explains some of the rules as well as benefits of owning
property in this manner. Although a great article on the
Fideicomiso, (Mexican Bank Trust) it fails to show that owning
land in Cabo San Lucas, Mexico and beautiful beach access
property like that in Cerritos Beach is also possible through a
Mexican corporation; not unlike the U.S.
Own property in the Cabo San Lucas area and do your real estate
investing in an area that is growing in leaps and bounds.
Cerritos Beach property now available! Visit
http://TheLazyInvestor.com/cm/Cabo-San-Lucas.php
keywords: Cabo San Lucas, real estate investing, Cerritos Beach
Steve Majors - The Lazy Investor Profit from Real Estate
Investment articles, real estate investing information and news
from one of the most creative investors on the planet ~FREE
MEMBERSHIP & real estate training course~
http://TheLazyInvestor.com
About the author:
Real Estate investing expert, Steve Majors has fixed stereos,
was a radio DJ and owned several successful businesses.
Completing 40 deals his first year in real estate investing, he
now teaches others the secrets of Real Estate investing with his
very own L.A.Z.Y. methods (minimum effort = maximum results).
Profit from articles, news and information from one of the most
creative investors on the planet! http://SteveMajors.com
La Jornada Mexico News
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