May 31, 2002, 7:56 PM
Post #2 of 3
: are there any bulletin boards for real estate?and what does anyone think of passive investments in mexico offering 13%-18pa notes secured by realestate,how can i know they wont steal my money?<p>==============================================
You didn't mention a locale, so try this - go to a search engine (IMO Google is best) and type in the city or state in Mexico where you have an interest, and follow the threads - invariably you will find a link to a real estate office. If that area has a message board, then ask the question directly. As regards passive investing in Mexico, I don't think I would do it unless you are on the ground there - and even then there are risks. Above all else a Notario MUST be used, and at some point you need to be able to view the original deed and be assured that the holder of the deed will ensure that everyone lives up to the agreement that the real estate collateralizes. Buena Suerte!