Printer Friendly
The Free Library
19,573,962 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

'It's True!' You Can Own Beachfront Property in Mexico; Parkstrong Management & Development Offers Education on How to Invest Safely.


SPOKANE, Wash. -- Parkstrong Management & Development (PM&D), a company based in Spokane, Washington Spokane (pronounced [spoʊ̯ˈkæn]) is a city located in Eastern Washington. The seat of Spokane County, Spokane is the metropolitan center of the Inland Northwest, the second largest city in Washington state, and , is offering an amazing a·maze  
v. a·mazed, a·maz·ing, a·maz·es

v.tr.
1. To affect with great wonder; astonish. See Synonyms at surprise.

2. Obsolete To bewilder; perplex.

v.intr.
 opportunity for Americans to legally own and invest in affordable beachfront beach·front  
n.
A strip of land facing or running along a beach.

adj.
Situated along or having direct access to a beach: beachfront hotels; beachfront property.

Noun 1.
 property in San Felipe San Felipe (săn fəlē`pā), pueblo (1990 pop. 1,557), Sandoval co., N central N.Mex., on the Rio Grande; founded early 18th cent. The inhabitants are Pueblo of the Keresan linguistic family. Ceremonial dances are held there in spring and winter. , Mexico. PM&D is working with 760 Media, Inc. on a marketing campaign aimed at building awareness, educating people about land ownership in Mexico and selling property at their two beachfront residential resorts.

The properties, Playa playa
 or pan or flat or dry lake

Flat-bottomed depression that is periodically covered by water. Playas occur in interior desert basins and adjacent to coasts in arid and semiarid regions.
 De Oro and Playa San Rafael San Rafael (săn rəfĕl`), residential city (1990 pop. 48,404), seat of Marin co., W Calif., a suburb of San Francisco on the northern shore of San Francisco Bay; inc. 1913. , are located on white sand beaches on the Sea of Cortez. PM&D is offering interested, qualified buyers an all-inclusive three-day two-night Discovery Vacation Package for $79 during the week and $179 on weekends. During their stay, guests are encouraged to ask representatives of PM&D questions and address any concerns about property ownership in Mexico.

"I was a little leery about buying land in Mexico after hearing about how those American retirees were evicted from their properties at Punta Banda near Ensenada but when I visited and spoke with the PM&D people, all my concerns were alleviated," said Jeffrey Donnelley, a recent buyer at Playa De Oro. "They helped me understand what really happened at Punta Banda and how the laws regarding property ownership have changed in Mexico."

Mexico changed the law to promote, enhance and protect foreign investment in real estate. In December 1993, the New Foreign Investment Law in Mexico made it legal for foreigners to own beachfront property in Mexico under what is known as a Fideicomiso (bank trust) for residential property acquired by foreign buyers. "Our properties not only offer people a great investment but the opportunity to retire inexpensively and own an affordable vacation home Vacation Home

A home separate from an individual's primary residence that is used for recreational purposes and may also be rented out at unused times.

Notes:
For tax purposes, those who rent their vacation homes may result in a lower amount of allowable expense
," said PM&D Vice President and Director of Sales Lorn Landers.

For more information regarding Parkstrong Management & Development, visit their website at www.Parkstrong.com or call (888) 4-FELIPE or directly 011-52-686-576-0416. For more information about 760 Media, Inc. visit www.760Media.com or call (888) 760-IDEA.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Oct 6, 2005
Words:323
Previous Article:Fitch Affirms 1 and Downgrades 2 Classes from Soundview Home Equity Loan Trust Series 2001-1.
Next Article:Electrovaya Ranked as the Seventh Fastest Growing Technology Company in Canada.
Topics:



Related Articles
SOUTH OF THE BORDER LOOKS GOOD TO LENDERS; COMPANIES OFFER FUNDING TO ACQUIRE MEXICO REAL ESTATE.
Kennedy client coming back.
BUYERS NOT DISCOUNTING THE VALUE OF MEXICAN REAL ESTATE.
An agenda for black America: from wealth to diversity, our editors offer an action plan.
Building ties: driven by rising trade, foreign investors pile on distribution projects in Mexico.
Talking travel: tourism growth analyzed at Acapulco fair.
Kennedy Funding saves project with $12m loan.
TurnKey Investing with Lease-Options.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles