Deal of the Century!!
Get this beautiful 4 bedroom,4 bath home for only $199,900. This home has been reduced from $265,000. Due to the slow buyer's market, many home prices in the San Felipe area have come down in price. This home is an income producer. Live in the beautiful main house and rent out the 2 casitas. San Felipe has a large retirement community. There are many single retirees looking for a nice comfortable small rental. Your possible rental income at this time is $700 per month. Act now before some else gets this deal of the century!!(Listing #19)
Baja 247 Construction
30 years experience plus knowledge of local craftsman adds up to the best construction value in the San Felipe area.
Be assured that your project will be completed on time and within budget.
Contact Tom Bell at email@example.com
Toll free: 877-511-BAJA (2252)
686-108-3524 MX ENG
Mail : PO Box 9011 PMB103
Calexico, Ca 92232
We are located in San Felipe at
K178.5 Hiway 5
(Carr. Mexicali a San Felipe)
Across from the giant "Rockodile" sign
|Buying Properties in Mexico|
There are 3 ways that foreigners can purchase land (and homes) in the San Felipe area.
The Mexican Fideicomiso has its origins in the American Trust. Dating back to the early 20th century, the Fideicomiso was originally adapted from the American trust and tailored to Mexican regulations. The origin of the term Fideicomiso comes from a Roman contract entitled Pacto de Fuduccia. The Fideicomiso can be applied to any type of contract as long as the purpose of the Fideicomiso is not illegal.
The current Mexican constitution was issued in 1917. Within the constitution, article 27 regulates everything concerning the Mexican Territory, ground, underground, sea, waters, natural resources and general rules concerning property. Article 27 also establishes the "restricted area". The restricted area encompasses 100 kilometers along the border and 50 kilometers along the coast. Article 27 also prevents foreigners from "direct" ownership of property within the restricted area. For this reason, foreigners are allowed to purchase property in an "indirect way". The most common is through a Fideicomiso.
Ejido land is land set aside by the Mexican government to be used by communities mostly for farming. The Ejido nearest to San Felipe has a perfect view of the Sea of Cortez. Each plot of land (40 meters X 40 meters) was given to Mexican citizens in a lottery system. Each Mexican citizen has full property rights. In this particular Ejido, Mexican citizens have the right to sell their land to Americans and Canadians giving the new property owner full rights to the land. This is why it is so important to buy Ejido land through the Ejido office. Once the property has been transferred to the new owners, the paperwork is signed by the Ejidotaries and is filed in Mexicalli.
Any past problems that people have had in other Ejidos was due to the fact that they did not go through the Ejido office, they dealt directly with the land owner, and the land owner changed their mind and wanted more money. Always go through the Ejido office!
Remember: Be leary of pushy sales agents that make promises that can not be kept!! Always deal with a registered member of the Baja California Real Estate Board.
Quiet San Felipe
Baja 247 Featured Listings
EL DORADO SOLAR HOME
GOLF COURSE LOT
Large Corner Commericial Lot MLS# 34
Pete's Camp #100
With the North American Free Trade Agreement beginning January 1, 1994, the Foreign Investment Act of 1993 was passed by the Mexican congress to promote foreign investment into Mexico.