I could talk about my San Felipe Trip all day long! I had a great trip despite a few snags but regardless, I had fun and was glad that I went. I think San Felipe is an opportunity.
I see a town that is bustling and growing and locals that enjoys the effect of the dollars. I hear positive feedback from the others that bought property in San Felipe. It is definitely a bolder move than just investing in Real Estate in the States. Most people are not familiar with the El Dorado Ranch development or have been misinformed about buying and owning properties in Mexico and residing in Mexico. In my situation, it's Baja Mexico or B.C., Mexico.
As the word gets around more an more people will be migrating to Baja and retire and play in Mexico because it is affordable. But as we all know, the affordability factor rises when it becomes in demand and the supply is low. Prices goes up and the cost of living goes up also and becomes inflated. Later on property lots will become more and more expensive. So going in early, you pay cheaper prices. When the developement becomes sold out the next one will be more expensive. As the community becomes populated the need for services are supported so it creates opportunities to create a thriving businesses supported by the people in the community, theres money being brought and spent in Mexico.
So, in summary, I loved San Felipe and the more I hang out there the more I see the things that I could be doing there. There's plenty of activities waiting for me in San Felipe.
There are also opportunities for businesses to start in San Felipe that the Americans need, that the city needs. It's a city that is growing and developing into a tourist attraction. The local are enjoying the fruits of their labors, they have nicer cars and can afford to even have American toys like Quads - they love the Americans and their dollars!
I bought a property at the El Dorado Ranch Development for $40k! I can build a house here from $75 to $110. per sq. ft. The lot size is 10k sq. ft. I did not even see this particular lot. My nephew said it was his favorite. The other lots are being bought by the other visitors and they are usually the bigger irregular lots that are more expensive. The $40k lots are practically all gone.
more to come on San Felipe ...
Wednesday, November 29, 2006
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