Real estate investing is on the rise not only as a career but also as a hobby to help people grow their wealth and overall assets. Many investors and real estate moguls look for opportunities that yield the greatest return with a low entry cost, and high rental or seller benefit. This is exactly why more and more Americans, investors and entry-level dabblers are turning to Baja California as a prominent real estate opportunity.
In the United States, it is becoming more and more competitive to purchase real estate for investment purposes. Not only are the number of available properties limited, but the prices can be quite high. Buyers looking to make a great return are having to think outside of the box when it comes to discovering the next best thing. That’s why Baja California has become an attractive option to some of the top real estate investment moguls. The value of property in Baja California is on the rise, as more and more people both domestically and internationally are flocking to this beautiful destination. Plus, property costs can be anywhere from four to five times less expensive than comparable domestic ones. Previously, many may have hesitated, wondering, is Tijuana safe? Over the past few years as crime has diminished, and more tourists are doing the San Diego to Tijuana border crossing, these fears have subsided tremendously.
Real Estate value thrives in Baja California Mexico
Finding a reliable real estate agent with knowledge in investing is the first place to start. There are many amazing areas of Baja California with different qualities that may be of interest. When thinking about the preferred location, consider whether you want the investment to be located in one of the top cities, or in a beach-side town. Would you prefer to manage a single-family home in a community, or a unit in a building? Or, perhaps you have the ability to invest in a few units or multi-family buildings. The options are virtually endless based on your budget, preferred rate of return and desires. While there is a plethora of options, some of the top areas for real estate investing in Baja California are Tijuana, Rosarito Beach, Ensenada and La Paz.
Once you’re comfortable with the agent you’ve chosen, be prepared to do a lot of traveling back and forth. If you’re planning on driving to Tijuana from San Diego, then you’ll want to be prepared ahead of time so you can focus on the task at hand – your investment. You’ll want to make sure you’re vetting the Mexican travel insurance companies out there, to ensure you pick a reliable one. U.S. auto insurance policies will not be valid once you cross in San Ysido, so this needs to be a priority. Mexico Border Insurance offers everything you need to meet the Mexican government’s liability insurance requirements for your vehicle. Plus, they can customize your insurance policy so it covers you appropriately for all of the time you’ll be spending in search of the perfect investment.
In general, Baja California has emerged as a prominent real estate opportunity for Americans throughout the United States. As market prices have sky rocketed in many areas of the U.S., it has priced out many investors. In Baja California, real estate can be secured for four to five times less, while being a profitable investment. Find a reliable agent and begin your search in some of Baja’s most popular cities like Tijuana, Rosarito Beach, Ensenada and La Paz. Go with the option that feels right from an investment, desire and location standpoint, and you will be the proud new owner of a beautiful slice of Baja paradise!