Thank Heavens you couldn't be an 80 year old living in the same paid
for house and have the city government decide that the taxes would be
more for them if the tore your home down and built a hotel and took
your property.. that's why you don't invest in Mexi... uhh.. the USA
Lester
On May 25, 2009, at 8:02 PM, Larry Daniels wrote:
> I'm with Jim on this one. Many years ago I was a real estate
> investor with
> 10 buildings in my local area. I looked at the Mexican market since
> the
> cash flow appeared to be very good (not to mention I was able to
> write off a
> trip to Cancun and Cozumel as a business expense). The only problem
> was
> that you could buy the properties with an American real estate loan,
> but the
> property was subject to the Mexican government nationalizing it
> whenever
> they wanted. All of a sudden you could lose your property with no
> recourse,
> but still had a mortgage on it with an American bank. No... I don't
> think
> so. Adios.
>
> LAD
>
> ----- Original Message -----
> From: "Jim Johnson" <bmwwxman@gmail.com>
> Cc: <spridgets@autox.team.net>
> Sent: Monday, May 25, 2009 2:27 PM
> Subject: Re: [Spridgets] Mexico
>
>
> Apparently you haven't had intimate relations with the Federales
> yet...... Have a good friend in the Houston area that did exactly
> that a
> few years back near Manazitlan. They were happy to get back to
> Tomball with
> their skin intact in 2007. They've got their Social Security still
> and a few
> dribbles of income from other sources but the bulk of their
> retirement is
> still on the beach in Mexico. Somebody in the government down there
> liked it
> better than they did.
>
> Cheers!!
> Jim
>
> On Mon, May 25, 2009 at 10:20 AM, Brad Fornal
> <tequila.brad@gmail.com>wrote:
>
>> I know you kid, but think about it....
>> $20,000 one time payment for a 99 year lease on the beach (at least
>> that
>> is
>> what they are at Tenacatita) and 75K will give you a 3500 square foot
>> home,
>> probably even with a pool. Most of us could sell our homes, and
>> come up
>> with
>> 100K. Sell a few more things, and you have spending money for your
>> retirement years.
>> Maybe it just me, but after being here a few times, that doesn't
>> seem like
>> such a bad idea.
>>
>> On Sun, May 24, 2009 at 11:30 PM, Jim Johnson <bmwwxman@gmail.com>
>> wrote:
> _______________________________________________
> Support Team.Net http://www.team.net/donate.html
>
> You are subscribed as oldsaabguy@comcast.net
>
> http://www.team.net/archive
>
> http://autox.team.net/mailman/listinfo/spridgets
_______________________________________________
Support Team.Net http://www.team.net/donate.html
http://www.team.net/archive
http://autox.team.net/mailman/listinfo/spridgets
|