coastal mexico property. (looking) - GoFuckYourself.com

strats · 11-17-2004, 12:42 AM

Hello..

.. Can anyone reccomend/direct to me a place to find oceanfront/ocean view property in mexico? There is one condition: The property must have a cleanwater creek/small river running through it and be hillside out of town.

Now Im not sure the degree of internet access in mexico. Very doubtful there is property with high speed internet, but if someone knows, is a plus.

also don't know zoning conditions in mexico. All help is appreciated.

escorpio · 11-17-2004, 12:46 AM

Foreigners can't own border or coastal property. You have to have it held in trust.

xenigo · 11-17-2004, 12:49 AM

Going from a tent, to ocean front property... hmm... I smell coughBULLSHITcough.

JulianSosa · 11-17-2004, 01:00 AM

Quote:

Originally posted by strats
Hello..

.. Can anyone reccomend/direct to me a place to find oceanfront/ocean view property in mexico? There is one condition: The property must have a cleanwater creek/small river running through it and be hillside out of town.

Now Im not sure the degree of internet access in mexico. Very doubtful there is property with high speed internet, but if someone knows, is a plus.

also don't know zoning conditions in mexico. All help is appreciated.

Spendy you got bucks?

maja · 11-17-2004, 02:13 AM

Quote:

Originally posted by escorpio
Foreigners can't own border or coastal property. You have to have it held in trust.

jackin this thread.
yeah, there are companies that can do that for you. and am i wrong but you only get it for 99 years??

strats · 11-17-2004, 02:16 AM

http://www.transcaribbeantrust.com/mexico.html

Quote:

Yes, non-Mexicans can legally own ocean front property in Mexico.

Here is a summary of how it works:

The Mexican Constitution restricts ownership of coastal real estate (31 miles inland from the water) to only Mexicans. To attract foreign investment, the Mexican Government passed into law in 1994 a very important bill which recognizes a Mexican Corporation as the legal entity fulfilling the Constitutional requirement for Mexican ownership. And at the same time, the law allows for non-Mexicans to totally own the Mexican Corporation.

You own your Mexican Corporation.
Your Mexican Corporation owns your ocean front real estate.
You own your ocean front real estate, complete with a legally registered title.
Safe and Simple.

The Mexican Government welcomes foreign investment in Mexico and has made the process very easy. Revenues from foreign investment and tourism are the leading source of income for Mexico.

escorpio · 11-17-2004, 02:33 AM

From http://www.mexonline.com/propmex.htm

The Mexican Constitution prohibits direct ownership of real estate by foreigners in what has come to be known as the "restricted zone." The restricted zone encompasses all land located within 100 kilometers (about 62 miles) of any Mexican border, and within 50 kilometers (about 31 miles) of any Mexican coastline. However, in order to permit foreign investment in these areas, the Mexican government created the "fideicomiso," (FEE-DAY-E-CO-ME-SO) which is, roughly translated, a real estate trust. Essentially, this type of trust is similar to trusts set up in the United States, but a Mexican bank must be designated as the trustee and, as such, has title to the property and is the owner of record.

11-17-2004, 12:42 AM	#1
strats Too lazy to set a custom title Join Date: Feb 2004 Posts: 1,805	coastal mexico property. (looking) Hello.. .. Can anyone reccomend/direct to me a place to find oceanfront/ocean view property in mexico? There is one condition: The property must have a cleanwater creek/small river running through it and be hillside out of town. Now Im not sure the degree of internet access in mexico. Very doubtful there is property with high speed internet, but if someone knows, is a plus. also don't know zoning conditions in mexico. All help is appreciated.

11-17-2004, 12:46 AM	#2
escorpio I love to racism, bro! Industry Role: Join Date: Oct 2002 Location: USA! USA! USA! Posts: 23,121	Foreigners can't own border or coastal property. You have to have it held in trust. __________________ Unvaxxed, still alive.

11-17-2004, 02:33 AM	#7
escorpio I love to racism, bro! Industry Role: Join Date: Oct 2002 Location: USA! USA! USA! Posts: 23,121	From http://www.mexonline.com/propmex.htm The Mexican Constitution prohibits direct ownership of real estate by foreigners in what has come to be known as the "restricted zone." The restricted zone encompasses all land located within 100 kilometers (about 62 miles) of any Mexican border, and within 50 kilometers (about 31 miles) of any Mexican coastline. However, in order to permit foreign investment in these areas, the Mexican government created the "fideicomiso," (FEE-DAY-E-CO-ME-SO) which is, roughly translated, a real estate trust. Essentially, this type of trust is similar to trusts set up in the United States, but a Mexican bank must be designated as the trustee and, as such, has title to the property and is the owner of record. __________________ Unvaxxed, still alive.

11-17-2004, 12:49 AM	#3
xenigo Confirmed User Industry Role: Join Date: Jan 2001 Location: Oakland, CA Posts: 8,067	Going from a tent, to ocean front property... hmm... I smell coughBULLSHITcough.