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  1. J

    No more LLC's to avoid bank trusts and 2 % transfer tax?

    Was the Dec 7 a specific cut-off date, and if so, why? You say "already completed documents under my LLC ". The reason I ask is my son is buying a place by way of buying the LLC shares. The shares have not yet been transferred.
  2. J

    No more LLC's to avoid bank trusts and 2 % transfer tax?

    The exemption from tax for a principle residence is available only every 3 years.
  3. J

    No more LLC's to avoid bank trusts and 2 % transfer tax?

    Another new law coming soon to the Mexico we know and love: It's common for a gringo property owner, who does not have any legal status in Mexico, to sell his Mx property for a profit and get paid without ever going to Mx and meeting the visa or residency requirements. He uses a Power of...
  4. J

    No more LLC's to avoid bank trusts and 2 % transfer tax?

    For many years many gringos have used American LLC's to set up the bank trust to enable a sale of the property at a later date by simply paying minor legal costs to transfer the shares to the new owners. This avoids the typical bank trust and transfer tax of $10,000, or even more. It appears the...
  5. J

    Mail Delivery

    A while ago a much less expensive service operated out of a shop across the south side street from Leys. The American+Mx woman ran a good business until the Burrito Express people decided her 20.00/mo service was contrary to their interests. They shut her down, with some help from US Border...
  6. J

    Buying and Renting Condo

    Pablo Davila has not moved. He maintains his long time office in Penasco on Fremont, and a second office in Caborca.
  7. J

    Buying and Renting Condo

    Congratulations on buying on Sandy Beach. I believe you will do well. We bought for 238,000 in 2008 and have done very well. Pablo Davila is the best for what you are doing. He personally owns condos on Sandy Beach . If he does not reply promptly, email him until he does !
  8. J

    Looks like lock down will continue for awhile

    This Kenny person is very crass and impolite. I don't see people like him being a benefit to a forum like this.
  9. J

    Trip Report Oct 16th.

    Unless Mx now offers pressure treated lumber, import or smuggle it in. Never rots and termites won't touch it. If what you have now is still serviceable, brush on used motor oil. End of sun and termite damage.
  10. J

    Guaymas creates artificial reef for scuba diving

    Over the last 30 yr in the NW Wa and SW Bc we have witnessed the sinking of 3 ships for the purpose of creating artificial reefs. They should be carefully cleaned of anything toxic. What we saw from our boat nearby was a blast tearing out the hull, but there's always another way to sink a boat !
  11. J

    Looks like lock down will continue for awhile

    1.2 B pesos is around USD 6 million. It will cost more than that for mordida.
  12. J

    Playa de Oro Suites

    First class ! With any luck this will motivate investors to do something with the vacant beach lot west of Mannys as well as the other 2 parcels eastward ...recall Playa Elegante ?
  13. J

    Looks like lock down will continue for awhile

    Does anyone know if this is true ? https://penascodigital.info/2020/08/alertan-sobre-posible-brote-masivo-de-covid-19-en-puerto-penasco/
  14. J

    Trip report Aug 8, 2020

    Unfortunately, corruption and having no fear of repercussions from illegal activity has become part of the culture for so many Mexicans. The children all know what is happening, and they see how easy it is to carve out a basic living without education and little work. It will take many...
  15. J

    Security Companies in Penasco

    Can anyone recommend a home security monitoring business in Penasco, other than Vanguardia ? If so, please send contact info.
  16. J

    I love the woods too.

    This is a great area of NM...the Black Range of mountains in the Gila National Forest. My husband's cousin's grandmother had a couple hotels there....in the towns of Kingston and San Lorenzo. Back then prostitution was legal in Grant County, so she did well. Then something bad happened: the...
  17. J

    Looks like lock down will continue for awhile

    This is a great area of NM...the Black Range of mountains in the Gila National Forest. My husband's cousin's grandmother had a couple hotels there....in the towns of Kingston and San Lorenzo. Back then prostitution was legal in Grant County, so she did well. Then something bad happened: the...
  18. J

    New Rules for Las Conchas Beach use ??

    LOL...naive, broken wave. Your advice is nonsense. You may have not spent much time here in the last 10 years...no ? Mordida is based upon the " foreigner opportunity " that presents.
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