Mexico Resort Properties

If you or your clients have an interest in an ocean view beach estate home in Mexico that could serve as a great medical tourism facility, within a 4 to 6 hour drove of most major cities in southern California or Arizona, please let me know.  This 16,000 square feet of constructed space with 6,000 sq ft of livable space, 6 bedrooms, 2 kitchens, 3 living rooms, 9 bathrooms and lots of relaxing spaces would provide for all the needs of the medical procedures along with facilities to provide services to relax, get pampered and recover from most any medical procedure. Enjoy the ocean views by day.

Soak in the pool or Jacuzzi by night

or relax in the comfortable, luxurious lounge spaces.

This location has great security and would make an excellent location to set up a small medical facility with recovery rooms complete with all the care and pampering a movie star would expect.

Contact me through St James Gate, www.stjamesgate.ws, email me at Wayne@stjamesgate.ws.

Today was the Inaugural event with Jack Nicklaus at the Peninsula de Cortez Golf Course located at the Mayan Palace in Puerto Peñasco, Sonora Mexico. 

Jack Nicklaus, the Golden Bear and his son Jack were interviewed live by Golf AZ, a weekly golf show that  aired live on news/talk radio 1100 KFNX. The majority of the show was dedicated to the design of the Nicklaus signature golf course and the changes that are planned as a result of today's visit. The interview was also an opportunity to discuss some of the great moments for Jack and his son with pro golf and the business of gold course design. 

According to Chuck Kinder of Golf Guide Mexico, Jack Nicklaus has 22 golf courses in Mexico which is 10% of the golf courses in Mexico.  Jack has received the honor of top golf course designer in Mexico the last 4 years running.

After the interview Jack and Jack jr took us to the driving range for a golf swing lesson. What a great opportunity just watching the Golden Bear swing so relaxed and accurate while telling us about the swing fundamentals along with hints that would help most golfers.  I picked up a few ideas that will make my game better and more fun, imagine just playing within my own game instead of killing every ball, apparantly an error most young golfers make today.

After the swing lessons we went to the first tee where Jack and his son cut the ribbon by hitting a first drive on this course, signing the drivers and presenting them to display.

Tomorrow is the actual first Jack Nicklaus golf tournament at this signature Nicklaus Course.

St James Gate of Puerto Peñasco (Rocky Point) Mexico has established its logo to help brand the company. Our key services include developments from the investment idea, land purchase, permitting through to the final completion and turn over to the operating entity such as an HOA. We also provide consulting services for developers that need a little or a lot of help, business investors that want to create a new business in Mexico or current owners that want to improve their business for themselves or to get ready to sell, real estate investors that want to purchase residential, commercial or industrial properties. We have a strong team of management, legal and real estate experts with the knowledge, skills and connections to help North American clients with their business in Mexico.

We can be contacted through our website; stjamesgate.ws, or email me at Wayne@stjamesgate.ws

Where is the next area of development when we look beyond Puerto Penasco (Rocky Point)?

Sonora's Gold Coast is seeing an explosion of development that is unique in Mexico, and rare anywhere in the world. Nearly 100 miles of virgin beaches -- from the southeastern edge of Rocky Point all the way past Puerto Lobos -- are rapidly becoming accessible to homeowners and investors.

What was only a dream just a few years ago is now reality, and this rapid transformation of our coast is a testament to the power of harmonious Public / Private partnerships, and the wisdom of a long-term vision of development.

We believe that the time to invest in Sonora's Gold Coast is now, and that our once virtually inaccessible virgin beaches are destined to become one of Mexico's hottest new "destinations" for homeowners, investors, and developers.

There are many factors that play a role in the birth of a new destination, but no factor is more important than easy access.

Historically Sonora's Gold Coast has been relatively isolated and a Coastal Highway was only a dream. That dream has become reality. Ultimately, this mammoth construction project provided Rocky Point -- and the Gold Coast -- with a new modern highway linking to the United States (north of El Golfo Santa Clara) and which will extend to points south of San Carlos. Portions of this highway are already complete, and the next segment scheduled for completion is Desemboque - Rancho Lobos in 2008, and later on with, Puerto Lobos and Liberty Cove following in 2009.

The new Rocky Point Commercial International Airport is now under construction and is expected to be open by the end of 2009. Funded by a forward-thinking collaboration between the State of Sonora, the Mexican federal government, and Grupo Mayan Resorts, this landmark infrastructure project will allow Puerto Lobos to be reached by air from anywhere in the world, with an estimated drive time from the airport -- which is located southeast of Rocky Point -- being well under an hour. It is worth noting that this is the exact geographical relationship that Playa Del Carmen -- one of the World's greatest organic-development success stories -- has to the Cancun airport and its never-ending flow of Americans, Canadians, and Europeans.

Important as it is, our new International Airport is only one of a number of factors that are driving the development of Puerto Lobos. Substantial infrastructure upgrades are already underway, with CFE is working on high-capacity electrification and Telcel completed installation of a cellular tower in this cozy fisherman's village. And even newer telcom technologies are on the horizon: developments such Rancho Lobos are planning to become connected through the Hughes Satellite Network, which will provide residents and homeowners with a full suite of internet services, telephone, and cable television!

It is amazing what technology and eco-friendly systems can do now: desalination technology, ecologically-friendly bacteria septic systems, satellite telcom, self generated electrical (if you choose) -- all of these technologies make living in this unique part of the planet not only possible, but luxurious! They enable homeowners to live in paradise, enjoy their space -- their freedom and life style -- without being the victims of their successful lives in the United States or Canada, or having every breath they take limited or regulated.

Puerto Lobos is still a tremendous value by both World and Mexican standards. Consider: there are a number of developments under construction near Puerto Lobos including Rancho Lobos -- where you can get a 10,000 sq feet lot from $10,000.00 USD, or two-acre ocean view ranch and a house for only $375,000 .

Other developments to come in the areas near Puerto Lobos include the spectacular Paradyso and Arabella north of Playa El Deseo. These new developments complement existing communities such as Playa Paloma and Santo Tomas, and illustrate the exciting future that awaits our Gold Coast.

This is what happens when the Land Of Opportunity and the Land Of The Free combine to make the American Dream available in Mexico! Sonora's Gold Coast is now the best investment area in Mexico, where people looking for private space, freedom, and a spectacular return on their investment have found everything that they have dreamed of. Where else can you buy a house, on a two acre desert ranch with an ocean view for $375,000, or a desert landscape and great ocean view for $10,000 developer financed ?

If you are a prospective homeowner or investor, we urge you to call your realtor to learn more about these exciting Gold Coast home ownership and investment opportunities. Heidi Wosak, Broker of Century 21 Sun & Sand, is very active promoting the development of Desemboque and Puerto Lobos and the Gold Coast in general; Kent White from Realty Executives has had long involvement with the Santo Tomas area.

Interested in becoming a developer? Developing Mexico is our mission, we believe that investing in Mexico must be fun and safe, and we welcome the opportunity to discuss development structuring with both experienced and first-time developers

By Raul O'Farrill, St. James Gate

Wayne Corcoran, St. James Gate, www.stjamesgate.ws,

St. James Gate Developing and Market Services, is providing Rocky Point Real Estate and our investors in Mexico updated economic trends and tendencies that can help guide them in their investment and development decisions.

Look for the full update in the April edition of the Rocky Point Times Newspaper, it will highlight events in the US, Mexico and world economy that are influencing our local real estate business.  You will read of events like:

"Mexico's international reserves were reported at $80.93 B USD, the Mexican Central Bank keeps buying USD in the market to back up the Mexican Peso which is expected to stay over 15 pesos per dollar for few more weeks at least" and

"G20  will meet in April in London this time, there is an important number of Countries  who  will suggest a possible change to the global monetary system to replace US Dollar as a unit."

St. James Gate of Puerto Penasco Mexico is able to help US self directed pension investors increase their return on investment by opening up the Mexican Real Estate market to them. We have a business relationship with a US based pension firm, Entrust CAMA, who can help you manage your IRA / 401k, enabling you to invest in Mexico.  In addition to finding great investments, our firm, St. James Gate, can help design and implement approved safe, secure legal vehicles to invest your IRA money in provide well above average returns.

The following article by Carl Fischer, the Principal & Senior Self-directed IRA Administrator for Entrust CAMA explains the opportunity:

Trillions of dollars in IRA's and 401(k)'s and the NYSE is at all time highs -- where is one to invest?  True diversification today includes portfolios beyond stocks, bonds, and mutual funds -- portfolios that include global investments including real estate. As California and Florida -- old time favorites -- are suffering from a glut of properties, falling prices, increased taxes, and outrageous hurricane insurance premiums, real estate investments outside the United States have become increasingly attractive.

Mexico offers a number of advantages for American retirement fund investors. Mexican  real estate of virtually all types it is still relatively a bargain, and several markets -- notably Rocky Point -- have experienced very rapid appreciation of the value of a broad spectrum of properties. Many investors want a locale that is relatively easy to travel to from the United States and Canada -- which Mexico certainly is -- and another factor that makes Mexico a great choice is that many Americans and Canadians simply like to go there.  At Entrust CAMA we believe strongly in the maxim "Don't own a property in an area you don't want to visit."

Today, many financial planners and professional advisors in the United States and their clients realize that IRA's and 401(k)'s can buy real estate, provide mortgages, loan money, and invest in private entities.  However, the Mexican government does not recognize the IRA / 401(k) trust as a legal entity able to purchase property.  How does one proceed?

Raúl O'Farrill, informs us that the Mexican government does recognize other entities that allow the use of IRA's for investment in Mexico.  The acceptability of the United States companies and other entities is extremely good news for American IRA and 401(k) owners and makes Mexican real estate ownership an attractive investment option -- especially as California and Florida are suffering from a glut of properties, falling prices, increased taxes, and outrageous hurricane insurance premiums.

Investors are using their IRA's / 401(k)'s to purchase shares in partnerships that subsequently purchase or already own property in Mexico.  The types of properties being acquired using this method include raw land, single family residences, town homes, condo-hotels, fractional and multi-fractional holdings.  It is still a common -- and often profitable -- practice to purchase pre-construction contracts and flip them prior to ever taking title.

O'Farrill states that IRA / 401(k) investments in Mexico are a great opportunity for Americans looking for a profitable investment for their retirement.  In fact, an individual's IRA can be combined with other funding sources such as his/her other savings or retirement accounts -- as well as other people's IRA's -- to make a bigger and more profitable investment.  This profit is returned to the IRA or 401(k) and is either tax free (in the case of Roth plans), or tax deferred in the case of a traditional account.  There are no capital gains taxes on the investment gains.

Of course, there are IRS rules and regulations that must be followed.

The first thing that the potential IRA / 401(k) investor should be aware of is that the owners cannot use the property personally, which is strictly prohibited by the IRS.  The purchase must be made for investment purposes only.  It would be considered a prohibited transaction should an IRA owner receive a present benefit from their IRA's investment.  Related parties of the IRA owner such as parents and children are also prohibited from using the property.

It is imperative for an IRA owner to select an administrator that is knowledgeable in the area of self-direction. We also strongly suggest that you choose an administrator familiar with foreign investments. When choosing an administrator/custodian you should look for one that offers continuing education credits for professionals such as CFP's, CPA's, attorneys, realtors etc. so that you can be assured of a smooth, seamless transaction with all parties involved.  The company should have a knowledgeable and accessible staff that offers one-on-one service throughout your transaction process.  As real estate transactions are often time-sensitive, the company needs to be readily available with information and resources.

At EntrustCAMA we differentiate ourselves from other administrators by giving personal, one-on-one services. I take calls on my mobile phone every day from clients who just have a question, or who want me to explain something to their CPA or Financial Planner.  At EntrustCAMA we are also investors who know how investors feel and what they need.

So how complicated is this process? Not extremely complicated, but probably enough that you'll want experts working on your behalf. The following outline demonstrates how these transactions are executed at our firm:

1. Open a self-directed account with EntrustCAMA and transfer the required funds for the purchase from your existing administrator to EntrustCAMA.

2. Through an attorney, form the most appropriate entity in the United States and have the IRA purchase the shares of the entity.  The shares purchased will be vested "EntrustCAMA FBO (for the benefit of) your name IRA #12345." (Note; it is good practice to have an attorney provide an opinion letter stating the entity is IRA / 401(k) compatible.

3. The entity now has the funds to purchase the Mexican property.  Mr. O'Farrill suggests using a one-stop firm familiar with corporate entities and United States law, Mexican law, IRA's / 401(k)'s, that can provide services including deed preparation, title commitment, insurance, etc. We suggest that firms like Century 21 Sun & Sand, Mexico -- lead by Heidi Wosak, who is real estate Investment Specialist with  an strategic alliance with St. James Gate -- a good example of the integrated investment approach that best serves IRA / 401(k) investors.

4. All expenses are paid from the entity; earnings including rent or sale proceeds are returned to the entity and then passed to the IRA thus providing excellent tax advantages.  For added convenience, all expense and income checks can be processed by the administrator if the client prefers.

5. Taxes paid in Mexico will be credited in the United States because of the United States-Mexico treaty that prohibits double taxation.

The set-up fees for the self-directed IRA and the purchasing entity together range $400 to $700 -- which obviously very rapidly pay for themselves when you consider the tax savings in any good investment.

Carl Fischer is a Principal & Senior Self-directed IRA Administrator at EntrustCAMA, a firm specializing in self-directed retirement accounts with several offices in Pennsylvania and New Jersey

Now that you know it is possible to invest your self-directed IRA in Mexico contact me and I would be glad to help you through the process.

Wayne Corcoran, St. James Gate, Development and Market Services, Wayne@stjamesgate.ws

St. James Gate of Puerto Peñasco Mexico has been established to help investors, developers and property buyers acheive the results they are looking for.  Buying in a foreign country can be intimidating once a person know enough to look at how different it is than in the US but if you understand the basics and know where to get help it is easy to acheive your dreams safety and effectively. 

My business partner wrote the following article that provides you with some of the legal basics here in Mexico: 

As we begin our series on the legal aspects of purchasing Mexican real estate, it would seem that a review of some of the general questions that virtually every American and Canadian I've worked with over the past twenty years asks.

What is Mexico's "restricted zone"?

The "restricted zone" is defined as being any real estate that is within 30.5 miles (50 kilometers) of Mexico's coast, or 61 miles (100 kilometers) of Mexico's border with any other nation. Within this zone non-Mexicans can own real estate, but are required by Mexico's Foreign Investment Law to do so through a bank trust.

Why did Mexico establish the restricted zone?

The restricted zone is enshrined in the Mexican constitution's article 27, and was designed to protect Mexico from possible invasions. While this is certainly a vanishingly remote possibility today, it is important to remember that Mexico has experienced several invasions, wars, and tremendous losses of territory in its history, and the restricted zone is really nothing more than a legacy of that history. From the non-Mexican investor's perspective, the important thing to remember is that Mexico's Foreign Investment Law was designed to facilitate the safe acquisition of coastal and border properties by non-Mexicans, and specifically designed to protect foreign owners rights.

Is a bank trust a form of lease?

The trust is not a lease, and confers on the trust-holder the same rights that "ownership" does in the United States or Canada.

Are bank trusts safe?

Yes. For over 35 years these trusts have proved themselves a secure mechanism for the more than a million and a half Americans and Canadians who are now enjoying the lifestyle and financial benefits of Mexican property ownership.

Under this arrangement, the bank simply holds the deed to the property for you or your assignees. Your property is not part of the bank's assets and cannot be subject to bankruptcy, lien, or attached to bank obligations. You have all ownership rights to the property. The bank is obligated to do with the property everything you instruct them to do.

Will I be able to will my Mexican property to my children and grandchildren?

The term of the trust is 50 years, renewable for additional 50 year period. Trusts are renewable at any time by simple application. It was never the intent that trust-held properties pass back to the government at the end of the trust period, which has been a common misconception of purchasers from the United States and Canada. Dream of your grandchildren playing on the beach!

Is there any other way for a non-Mexican individual to purchase real estate in Mexico?

Not within the restricted zone, but properties anywhere outside the restricted zone (for example: Mexico City, Guadalajara, Puebla, Hermosillo, Alamos, etc.) anyone can buy property on a fee simple basis, and it is both legal and common for non-Mexicans to own property in those areas on that basis. In future articles we will discuss in detail your ownership options near the coast.

Is it safe to buy directly from an owner?

While anything is possible, we advise our clients to never buy directly from an owner, and always work with an agent or broker established and licensed in Mexico. It is also very important that the broker you choose be an accredited member of an established organization of real estate professionals in Mexico (for example, in Rocky Point, by being a member of AMPI) and be registered with the Sonora Real Estate Agents Registry. It is not rude to ask for proof of registration, and you should do so!

We have been told that a "Notario" will be involved in our purchase. What is a "Notario"?

A Notario is a person with a knowledge of Mexican law who is involved in certain aspects of paperwork preparation in real estate transactions. It is extremely important to remember that a Notario cannot represent you in your real estate transaction, and not to confuse the role of a Notario -- who may offer advice, but who cannot represent you -- with your attorney, who is solely your advocate.

Do I need to have an attorney to close my real estate transaction in Mexico?

Not necessarily. The best brokerages are usually already working with a professional and established United States based title processor. In this case it is not absolutely necessary for you to hire an attorney. That being said, it is always a good practice to take all the relevant paperwork to an attorney of your choice licensed in both Mexico and the United States. His role should be -- at the very least -- to review all documents related to your transaction and give you input. Furthermore, it is also very important for most American's and Canadians -- all those not fluent in Spanish! -- that they receive accurate and complete translations of all the documents related to their real estate purchase. Documentation must be translated into English to be useful and understandable to you, not just a pile of papers with no meaning because they are in a language that you do not read! At O'Farrill & Associates we pride ourselves on the thoroughness and precision of our translators, and the accuracy of the materials presented to our clients.

Frankly, it never ceases to amaze me that this question is asked in the first place, so I will answer it slightly differently, with a question of my own: would you consider purchasing real estate in the United States or Canada without the advice of an attorney?

What characteristics should I look for in choosing my Mexican attorney?

Look for an attorney licensed not only in Mexico but also in the United States either as an attorney, or as foreign legal consultant in Mexican law. The United States license is imperative since attorneys without it will not have professional liability if a mistake occurs. In general, your attorney should be: licensed in Mexico, member of a Bar Association in the United States (ideally -- for purchasers in Sonora State -- the Arizona State Bar Association), and a member of the American Bar Association.

Beyond professional liability, are there other reasons why is it important that my Mexican attorney also be licensed in the United States?

Yes, and they relate not solely to future problems, but to real opportunities. Mexican attorneys are not generally familiar with the legal and tax implications of Mexican real estate ownership for citizens of the United States. Even for simple residential purchases the buyer should be properly briefed by an attorney familiar with American law regarding these implications -- which do not always relate to problems -- and may well offer tax advantages and opportunities if the purchase is structured correctly. These factors become even more important if the purchaser is interested in raw land, or in becoming a developer.

How can I learn more about buying real estate in Mexico?

As with any other investment opportunity, a solid grounding in the standards and practices of the market you are interested in is always helpful. At our firm's website -- otptrust.com -- we offer a download of a printable version of the "Buying Real Estate in Mexico (A Consumer's Guide)" published by the Arizona Department of Real Estate, which is short, understandable, and informative.

So you've secured the services of a reputable real estate brokerage, proper legal counsel, and may have found your Dream Mexican Property: what comes next?

In upcoming articles we look forward to presenting information regarding two subjects of great importance: the Title Verification process and purchasing United States Title Insurance for your Mexican property; and an article that reviews in detail the various options you have for ownership of real estate in Mexico (Ownership as an Individual, Forming a LLC, Forming a Mexican Corporation).

Always remember that Mexico wants it's non-Mexican real estate owners to feel perfectly secure that their investment in Mexico is as safe as their other holdings in their home countries. Each of the mechanisms that we have described -- and will describe in future articles -- have been carefully designed to serve that end. With just a small amount of prudent effort at the start of your journey into Mexican real estate, your ownership of part of Mexico's magnificent coast will be simple and safe!

 By Raul O'Farill, St. James Gate

Once you have read this feel free to read other articles on our website www.stjamesgate.ws or let us know how we can help you.

Wayne Corcoran, St. James Gate, info@stjamesgate.ws,

What would you do with a mansion beach home estate on the Sea of Cortez at Puerto Penasco Mexico, a private get away for you, your family and friends? What about a business retreat center or a wellness facility?  THe possibilities are numerous but a unique property like this one is not. 

How many properties have 6,039 SF Living Area with 1,109 SF Back Oceanview Patio w/Jacuzzi, 6 Bedrooms, 9 Bathrooms, 2,890 SF Interior Patio Area with Heated Pool, 3 Car Garage w/10 ft. Doors, 2 Separate Livingrooms and Kitchens, 2 Studios w/Private Entrances, Imported Marble Floors & Countertops, Custom Hardwood Ceilings & Cabinets, Theater Entertainment Room w/52" TV, Outdoor Kitchen, Sound System throughout Interior Patio, Marble Cased Exterior Windows, 5 Air Conditioners/3 Hot Water Tanks, 2 Separate Water Systems, 25KW Backup Generator w/Supply Tank and much more?

Check this listing out at http://www.stjamesgate.ws/Puerto_PenascoRocky_Point/Sonora/Homes/1805689/Laguna_Shores/Agent/Listing_1805689.html,

Or contact me

Wayne Corcoran, St. James Gate, wmlcorcoran@gmail.com

To develop or not to develop, that is the question?

There are four basic sub-questions that answer this central question:

1) How good is my Location, Location, Location?

2) What is the market looking for?

3) What is my target market willing to pay?

4) What is the best timing for my development?

Let's examine each of these questions as they apply in general to new development in Puerto Penasco / Rocky Point, and along the Gold Coast.

Location: Rocky Point is a fabulous gateway to the Sea of Cortéz that offers unmatched convenience for North American visitors, with our pristine beaches little over three hours from either Phoenix or Tucson. And our new Coastal Highway and International Airport are poised to make not only our community but the entire Gold Coast southeast of town easily accessible from California and any place in the world where there is an airport! Where else in the Americas do you have a developer's paradise like Rocky Point and Sonoras Gold Coast?

When developing you must think of your buyers interests! What is it that they will do when in Mexico? That will give you a clue about what the right location is. For example, if you are targeting the retired market and you choose offer a fishing theme for them based on a marketing study, you need to choose a peaceful location either close to a Marina, or a new destination where you can be allowed to build one. But a single feature often is not enough. For example, retired people need medical attention more often than spring-breakers, and a development aimed primarily at the retired would be well advised to consider medical amenities on-site. It is essential that the developer have a clear image of his potential customer and their interests, needs, and desires when considering location and amenities.

Market Trends: Based on marketing studies and properly-counseled observation of the present range of offerings, the question becomes what kind of development you will build. Condominium towers? Low-rise condominiums? Town houses? Single-family residences? Ranches? Gated communities? Once again, it is essential that the developer have a clear image of his potential customer and their interests, needs, and desires. Is your offering designed for retired people or young CEO's? Families with young children or teen agers? Party people? Sport people?

Product Positioning: Price range? Pricing is tricky, and we believe that the central characteristic of future development at all price points will be value: our competitive market demands it. A developer is well advised to make an economic study to estimate the financial situation of his prospective market when his development is scheduled to come to market. It is very common for first time developers to think in terms of the current economy, and not what the situation will be when they are selling, and this is an important reason why many developers fail in their first attempt. As we all know, the United States economy and conditions are very different than 24 months ago! Some developers who began projects in our market 18 months ago are experiencing some difficulty selling their offerings because market conditions changed substantially since they created their business plans. (It should be noted that this has been wonderful for buyers -- strengthening their negotiating position -- and is a very good reason for individual homeowner / investors to seriously consider purchasing now, when the upward movement of Rocky Point real estate prices has -- momentarily -- slowed.)

Timing: There are good times to develop or build, and less-good times. When a market is booming is generally the worst time to start a new development, because when sales start the boom is often gone. On the other hand, when a market is (relatively) slow is often the best time to start a new development, for a number of reasons including that generally land prices and payment conditions are more favorable to developers. Most importantly, a less over-heated market will give you time to do your research, perfect your business plan, and complete the following steps.

Following steps? Yes, every development has numerous facets, and attention to all of them is critical to the developments' success. For example: identifying your site and creating your master plan; assembling your construction team; creating your marketing plan; refining your sales strategies; licensing; tax planning; securing financing -- both for your customers and, possibly, for the development itself; selection of a title company; choice of a sales brokerage; bi-national specialized real estate and corporate consulting services, and securing bi-national legal advisors who can review all aspects of your enterprise.

These are critical factors for any development -- micro, small, or mega -- and all of them must have these players on their team.

Rocky Point and Sonora State have it all: geographical desirability (location, location, location); secure ownership mechanisms; professional real estate practice; a long-established American community; major new infrastructure well under construction; and a long history of substantial development without government support with the solid assurance of substantial government support in the future! Is it any wonder that Rocky Point and Sonoras' Gold Coast are the fastest growing destination in Mexico?

This is a great time to develop in Sonora. Developing is a science, an art, and a great business when things are done in the right way. At St. James Gate we are dedicated to supplying any size developer these services integrated to take first time developers in Mexico and help them succeed!

By Raúl O'Farrill, St. James Gate

If you are an investor wondering how to take advantage of the bottom of the real estate market but are afraid of the risks involved doing business in a foreign country where the laws and language are different, you have now found the right partner. St. James Gate, a development and market services company was established to meet your needs.

We are starting to see the stock markets speculate on the upswing of the market, first with reaction to the Citigroup profits in 2009 and now on hopes of relief for banks. With the U.S. announcing a program to help reduce home foreclosures the bottom of the real estate market may be near.

There are a number of development projects in Puerto Peñasco that are in grave need of a cash infusion to kick start their development.  Some of these developments will provide an investor with very good returns at relatively low risks if they can get the financing to get started. A few projects have receivables that could be collected as soon as the project delivers one of the phases, so getting an investment infusion could turn the project around.

At St. James Gate, we have the skills and knowledge to help you complete a market analysis specifically for your investment; we can help you find the right project, evaluate the outstanding risks and work with you to create a marketing plan that will work in this environment, reducing your financial exposure while providing great returns.

Let us know how we can help you.

Wayne Corcoran

St. James Gate

Partner

AMPI Ethics VP & President Elect 2010