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Any Rosarito Baja California home owners?

B

bsobel

Moderator Emeritus<br>Elite Member
Curious if anyone has a vacation home down in Baja or spends any amount of time in the area? No specific questions, just a general looking for the good, the bad, and the ugly 😉
 
Damn, Dude, seems like nobody knows or cares.

Anyway, unless you are a Mexican citizen you can not own property in Mexico. You can get a long term lease, like 30 years, but you can not own the property. Also, even if you get the lease and build on the land the corrupt Mexican government CAN come in and take it away from you any time it wants.

That said, many non-Mexicans have leased land and build vacation homes in and around Rosarito. Chances are the government isn't going to mess with you.

As I understand it, prices around Rosarito may be getting kinda high due to the many Americans wanting the same thing you want to do.

You will probably need a Mexican attorney to go to bat for you.

Have a nice day. 🙂
 
Originally posted by: HappyPuppy
Damn, Dude, seems like nobody knows or cares.
Click to expand...

Was hoping that there was some others, maybe they just missed in OT (didn't want to be obnoxious bumping it either tho...)

Anyway, unless you are a Mexican citizen you can not own property in Mexico. You can get a long term lease, like 30 years, but you can not own the property. Also, even if you get the lease and build on the land the corrupt Mexican government CAN come in and take it away from you any time it wants.
Click to expand...

Actually, that is no longer true. The foreign investment act changed the ownership rules for non natives extenisvely. It's now much easier for a foreneiger to buy in Mexico, even in the exclusion zones. The actual title is held in a bank trust with the foreigner being the sole benefeciary fo the trust (e.g. you can will it, sell it, gift it, etc). The trusts last 50 years and are perpetualy renewable. As for the Mexican government, trust them more not to take it than the US 😉 Btw, leases longer than 10 years aren't legal in Mexico, never have been (thats been the cause of a great deal of the issue when people found after 10 years the landlord wouldn't renew...)

As I understand it, prices around Rosarito may be getting kinda high due to the many Americans wanting the same thing you want to do.
Click to expand...

Rosarito is becoming south San Diego (but with more moderate prices). You can get broadband access, and with the fast track lanes at the border, you actually have US folks commuting from there now. Big change in the last 10 years. And while the prices have gone up, they still can't compare to the US. I'm in escrow (finally) for a beach front, it's literally 1/4 to 1/6 the cost I would have paid here in the US (I had looked at everything from Santa Barabara to San Diego on the water).

You will probably need a Mexican attorney to go to bat for you.
Click to expand...

Yep, aboslutely required. Also, interestingly, you can now get US title (First American, Stewart, etc) on the bank trust properties. So at least you have US recourse if there is a problem. Thats the other huge change in the market down there (that and some US banks lending againt properties down there).

I honestly think it's a very very interesting place to be investing today if you live in SoCal.

Cheers,
Bill
 
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