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Hi! Welcome to the site. I see this is your first post.
There is a lot of reading on this site. I recommend that you read, read, read and then comment, comment, comment. There are so many different blogs to read. There are tons of topics out there from real estate, marketing, technology, seo, staging, mortgage, etc. It goes on and on. You'll start to get to know people and before you know it... you'll have figured out the benefits of the site.
Also check out Resources for the Active Rain Newbie.
Good luck!
Hi Krista,
Welcome to Active Rain! The opportunities to learn and network are incredible here. Best of luck to ya!
-Keith
Welcome, Krista! I heard that ownership was possible AWAY from the coastal property, and leasing was possible ON the coast line. What say you?
This is in response to Karen Cooper's comment/question:
The First Amendment to the (Mexican) Constitution that allowed foreign purchase in the Restricted Zone was the establishment of the Fideicomiso Trust Act of 1970. This Act allows a foreigner to purchase property in the coastal zone by using a Mexican Bank as a partner in the transaction. The Mexican Bank holds the title in Mexico and becomes the administrator of the Trust account for the foreigner. This partnership gives the foreigner all rights as owner and beneficiary of the property, with the Bank acting as the Trustee of the account.
Thanks Brigette for posting the information