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Escape to the Beach for Labor Day

Realty Executives Puerto Penasco// Rocky Point — Mon, 27 Aug 2012 21:03:00 GMT

Looking for something fun for Labor Day Weekend? Rocky Point has some great condo specials for the whole family. Be sure to beat the heat and have some great times in Rocky Point. After a fun day of sun and sand, be sure and check out some great music at Changos and The Lighthouse. Saturday night at Las Palomas will feature stand up comedy from Gene Pompa. Hope to see you there!

Investors turn to Mexico as US Stock Market declines

Realty Executives Puerto Penasco// Rocky Point — Fri, 12 Aug 2011 18:12:00 GMT

Real Estate in general has proven to be an excellent investment, and actually better than the Stock Market over the long term. Real estate in Mexico is really a safe haven for real estate investors, more so than in the US. The recent drop in values of real estate in the US and Mexico makes now an excellent time to invest in real estate. I tell potential buyers looking for a mortgage in Mexico that they can choose to invest in the US, but unless it will be their primary residence, it isn’t a good place to put their money because prices are going to be very slow to increase in the US – there is a huge inventory in the market, and many foreclosures are yet to be put into the market, which will likely depress prices even further. If people are looking to pick up a property in the US for cheap and rent it out – guess what? Everyone else has the same idea and the rental market will not be strong and rents will be low. If people want to buy a great primary residence to live in for not much money, then the US is a good place to buy a home.

The real estate market in Mexico is still very viable, and although prices are the lowest they have been in the last 5-8 years, the bottom of the market hasn’t fallen out. There are no massive foreclosure problems in Mexico. Interest rates are at an all-time low in Mexico (as low as 5.25%) and values are going to appreciate much faster than in the US since there is still a huge pent-up demand of baby boomers looking to make their retirement nest-egg go as far as possible. This is even more true now that retirement assets have dropped in value – again. Mexico is still an inexpensive place to live – once people have their real estate purchased. Warren Buffet and J. Paul Getty (as well as other wealth investors) share an identical strategy that when everyone is selling, it is a good time to buy and pick up exceptional deals. This is true of Mexico right now. Investors are fed-up with the stock market and will want to put their money into a safe investment - and for many, a place they can use and enjoy as the value of their real estate goes up. Investing today is not so much about how much return you can make on your capital investment, but it is more about protecting the investment you have so that it doesn’t lose value. We can honestly tell potential buyers that a dollar invested in Mexico isn’t going to disappear like it can in the Stock Market. ---Doug Jones, President Mortgages in Mexico

Gasoline is $2.60 USD/Gal. here in Rocky Point, Mexico

Realty Executives Puerto Penasco// Rocky Point — Thu, 23 Oct 2008 16:31:00 GMT

Gasoline is $2.60 USD/Gal. here in Rocky Point, Mexico

As more people head to Rocky Point to purchase fuel, U.S. Customs and Border Protection is offering some guidance on what to expect when coming back into the U.S. use

As with anything else acquired while outside the U.S., fuel purchased in Mexico must be declared to the CBP officer when the traveler is applying for admission into the U.S. and making their customs declartion. The CBP officer will then make a determination if the fuel is for personal or commercial use. If a person purchases gasoline or diesel while in Mexico on other business, the purchase is considered incidental to their trip and may fall under their personal duty exemption, allowed every 30 days. The fuel must be for the vehicle being driven and in tanks being used to operate that specific vehicle.

If, however, a person goes to Mexico for the express purpose of buying fuel, the fuel is subject to proper importation requirements.

If a person purchases fuel for commercial purposes, such as to sell or to use for their business, the fuel becomes subject to commercial importation requirements and to all applicable requirements not only for CBP, but also for other agencies with statutory or regulatory requirements for fuel importation and transportation.

Determination of whether the fuel is for commercial or personal use, and whether it qualifies for the personal duty exemption, will be made on a case-by-case basis by U.S. Customs and Border Protection at the port of entry.