| Several myths surround real estate ownership in | | | | This trust, similar to a living trust, exists to hold |
| the Cabo San Lucas area, beach property in | | | | title to one piece of property. |
| places like Cerritos Beach and real estate investing | | | | If your property is located within 50 Km from a |
| in Mexico in general. | | | | sea coast or 100 Km from an international border |
| One of the biggest myths about owning property | | | | this is the only way in which you can take title. |
| in Mexico is that it is impossible for foreigners to | | | | In Los Cabos that pretty much defines all of our |
| own land within 50km of the sea coast or 100km | | | | real estate. But we're not complaining because not |
| from the border. | | | | only is the Fideicomiso system safe it offers tax |
| Owning land in Cabo San Lucas and the | | | | and estate planning advantages. |
| surrounding area is easier than one might think | | | | What you need to know are the terms of the |
| and below is one example of how this is possible. | | | | trust." |
| It is a great article by Carol Billups, that describes | | | | It explains some of the rules as well as benefits |
| how Americans or any foreigner for that matter | | | | of owning property in this manner. Although a |
| can (and do), own land and property within the | | | | great article on the Fideicomiso, (Mexican Bank |
| Mexican states and the Baja Sur, Cabo San Lucas | | | | Trust) it fails to show that owning land in Cabo |
| area. | | | | San Lucas, Mexico and beautiful beach access |
| Real Estate: Trust is Everthing Foreign Investment | | | | property like that in Cerritos Beach is also possible |
| in Mexican Real Estate with the Fideicomiso of | | | | through a Mexican corporation; not unlike the U.S. |
| Mexican Bank Trust | | | | Own property in the Cabo San Lucas area and do |
| "In Los Cabos, foreigners (US and Canadian | | | | your real estate investing in an area that is |
| citizens as well as all others) can buy property as | | | | growing in leaps and bounds. Cerritos Beach |
| long as they own it in a trust known as a | | | | property now available! |
| Fideicomiso. | | | | |