Its not just to setup the trust. The price includes a lot of things like tax on the purchase price, foreign permits, notario fee, bank fees and many more.
From now on we should refer to this forum as Mermaids forum! Apparently none of the other information given was from others is valid. I wish I had some of this wisdom before I invested down hear, I love it here but it does have it's challenges.
I am not sure I understand all your questions. The term "her" was referring to the person that helped me get the trusts for my property, you need to trust that person. If the two houses are in one Trust then they would have to be divided or split ( 1K sounds cheap). My understanding is that...
Julie,
We were told we were the first in eight years to get our trust in Cholla Bay. It is just being recorded this month. If you are interested in a second source for the Trust PM me and I will get you her information. You need someone working on your side, not just the seller and real...
I was getting ready to order materials when everything fell into place on our bank trust. Bank trust took precedent. Everything else is paid off, so the $78 dollars a year in property taxes are great. Who knows whats going to happen in the USA, I might be living there if the stock market...
I picked that area to build my just for that reason. I know the previous renters well along with the owner. And it should appreciate in value once I stucco the outside of my home.
The reason I suggested this location is because it in a quiet area of Cholla Bay, it has a nice view of the ocean and the canyon. It also has a garage and studio apartment below that could be rented out. There are also a number of families that live there full time.
Julie,
The is a nice house house for sale in Pinto Canyon. It has a small house that you access from an upper road and a garage with a studio apartment above it. Its a very quiet area of Cholla bay.
Rick
Another thing I missed was if you are building you need to keep good records and get facturas for all purchases. If you manifest your build you can reduce the cost of your capital gains when you sell.
There was so much I didn't know when I bought my property. It cost me a lot more than I expected and took a lot longer. If I had been told the whole story I my not have purchased.