Real Estate Investing in Cabo San Lucas and even Cerritos Beach is Easier and Safer than you think
By Steve Majors
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
About the Author
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
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