BajaSurVacationRentals.com » Real Estate in Cabo San Lucas

Casa de los Gatos – Featured Home

nanci — Wed, 01 Feb 2012 17:00:08 +0000

Casa de los Gatos is a spectacular 3900 square foot luxury home located in the exclusive and private Pedregal Development. Located high on the pacific side of the development, this home offers you one of the most breathtaking views of the Pacific Ocean and beautiful sunsets. This luxury 4 bedroom, 5 bath home, is beautifully decorated and appointed throughout for your enjoyment and welcomes you with all of its special features.

Casa de los Gatos is artistically conceived to maximize outdoor space, private living areas and spectacular ocean views. We want you to relax and enjoy your favorite beverage or quiet time with a book around the infinity swimming pool/spa or on the large terrace overlooking the Pacific Ocean.

Casa de los Gatos is located just minutes from downtown Cabo, the marina, restaurants and night life, where you will have everything at your fingertips for a vacation that you will always remember!!! Come and visit Casa de los Gatos as it welcomes you to our “Paradise” in Cabo San Lucas.

Sleeping Accommodations:
4 King Beds

Maid Service – Monday – Saturday

Refundable Security Deposit - $1,000.00

Cabo Real Estate

nanci — Wed, 27 Jul 2011 17:31:12 +0000

Cabo Real Estate Facts about buying and selling real estate in Mexico

Primary Residence Tax Exclusion

Mexico, along with the United States, provides residents with Capital Gains tax incentives for a primary residence. In Mexico, the tax incentive states that if you sell your “primary residence” you pay no capital gains tax. (In Mexico’s case this means income tax). This exclusion law is only in place for “residents” which include Mexican nationals or foreigners of Mexico.

Claiming Mexico as your primary residence

Laws change frequently however as a general rule, you must be able to prove that your home in Mexico has been your primary residence for at least 5 years. At closing, you are required to provide the Notary with a copy of your Trust, which is in your name, a residence visa or working permit (FM2), as well as a bank account, water , phone, and electric bills, and paid tax receipts all in the same name as the Trust and including the address of the home. All of these documents must be in place for more than 5 years. In some cases a tax ID number is necessary.

Claiming Residency Status

Only a Notary can approve or grand residency status. It is important that your status is reviewed by a Notary prior to the sale of your home. Never assume you will automatically be approved. Unless you are actually going to live and work in Los Cabos for 5 years or more, don’t even consider trying to get the Primary Residence Tax Exclusion.

Does the Trust have to be in my name to claim this Tax Exclusion?

Yes, even if you live in Mexico for 5 years, have all or your utility bills in your name and satisfy all other criteria under Mexican Law, if the Trust is in the name of an LLC, a Living Will, etc. then you cannot apply for this tax exclusion.

The Capital Gains Tax Exclusion is intended for residents of Mexico, not for persons owning a second home or a vacation home.

**Info from this article provided by Snell Real Estate

What is a Fideicomiso?

nanci — Sun, 30 Jan 2011 16:52:40 +0000

A Fideicomiso is a Trust, similar to an Estate Trust in the United States which gives the owner of the property all of the rights of ownership. This is not a land lease. The Trust is established solely for the ownership of land in Mexico. The Ministry of Foreign Affairs is the agency that issues a permit to the Mexican bank of the purchaser’s choice. The bank acts as the “Trustee” for the Trust. The Purchaser, (owner), is the “Beneficiary” of the Trust. The Trust is not an asset of the bank. The bank simply acts as the Trustee to hold the Trust and takes direction from the Beneficiary regarding the Trust. An annual fee is paid to the bank for acting as the “Trustee”.

The owner’s (purchaser’s) rights are the same as a property owner in the U.S. or Canada. These rights include the right to enjoy, sell, rent, and improve the property, etc.

The term of the Trust when first set up was 30 years. It is now a 50-year term and is automatically renewed at the end of the term an additional 50 years. The Trust can be renewed for perpetuity, allowing for long-term control of the property and allowing the owner to pass the property on to heirs. The Trust may be transferred to another Buyer or to another person via a Cession de Derechos (Succession or assignment of Rights.) There are fees for each transfer, which are calculated by a Notary in Mexico.

Why does Mexico use a Trust?

nanci — Thu, 30 Dec 2010 16:03:59 +0000

Back in 1971, the Mexican government realized that is was important to make foreighn investment in Mexico safer and easier for foreigners. The Mexican Constitution prohibits foreigners from purchasing or owning real estate within 62.5 miles of the U.S. international border, or withint 31 miles of the Mexican coast. Because of this law an innovative and secure method of holding title was created. The method allows foreigners ownership through a Mexican Property Trust called a Fideicomiso (fee-de-co-me-so).

Since this change many people from all over the world have invested in many communities on the Baja Peninsula includeing Cabo San Lucas, San Jose del Cabo, La Paz, Todos Santos, Mulege, Loreto and other popular Mexican destinations.

Real Estate a good buy in Cabo

nanci — Wed, 03 Nov 2010 22:47:55 +0000

“Real Estate in México represents a great buy”

Jim Cramer, CNBC Mad Money Host, recommends investing in Mexico

Wednesday, July 28, 2010

CNBC’s Stock Market Guru Urges Investing in Mexico

Jim Cramer, the Bombastic, high-energy investment Guru and host of CNBC’s massively successful show “Mad Money”, gave Mexico real estate investment a big boost this week. Cramer told his audience:

“It’s not such a bad idea to diversify away from stocks, I think that out of favor real estate in Mexico, that’s easily accessible to Americans, represents a great buy”.

With as many as 2.5 million investors viewing the show each week, the controversial host wields quite a bit of influence among his viewership and in the marketplace as a whole. His following is so intense that it has created a unique phenomenon in the stock market known as the “Cramer Bounce”, which can be best described “as the sudden overnight appreciation of a stock’s price after it has been recommended by Jim Cramer on his CNBC show”, “Mad Money”.

Why does Cramer have such clout? Well, after graduating magna cum laude from Harvard College, his first year as a rookie broker with Goldman Sachs, he made over $700,000. After he paid his dues at Goldman, Cramer started his own $450 million hedge fund where he earned 24% after fees, regularly taking home over $10 million a year. Cramer’s fund finished in 2001, up 36%, compared to -11% for the S&P 500 average and walked away with $100 million and change.

Since then, he founded TheStreet.com and has written five New York Times best selling books and his articles are featured in Time and New York Magazines. He also a frequent guest on Meet the Press, Today Show, 60 Minutes, NBC’s Nightly News, The Tonight Show and most major financial networks.

Following his own advice, Cramer recently announced to his audience that he had already purchased three properties in Mexico within the last few weeks. When asked about hyped headlines about drug violence and turmoil in Mexico, Cramer downplayed those fears, he said, “Mexico is a big country and not every province, every state is involved in the drug trade”, and he added, “it has to be one of the nicest places I’ve ever been.”

When asked why he invested money in Mexico real estate, he replied, There is “no property tax,” the properties are “incredibly easy to maintain,” and there are “property managers everywhere.”

There are property taxes in Mexico but compared to the US it feels almost like free.

Meet Cabo Linda’s team

For more info in houses, condos and lots in paradise click here

www.cabolinda.net

Our satisfied customers say it all!

Toll free from US and Canada: 1(866)609 7965

Tel. (624) 143 1688

e-mail: info@cabolinda.net