The developers of Casa Escondida in Loreto Mexico orginally moved here to immerse themselves in the natural beauty of the mountains and the Sea of Cortez and to learn the language, but ultimately ended up staying because Loreto and its people welcomed them with open arms. Here’s their story:

My wife (Laurie) and I moved to Loreto in November 2005, nearly 3 years ago. We had visited the area, loved the natural beauty of the mountains and Sea of Cortez, and had been watching for an opportunity to buy. We also loved the idea of living in Mexico, and wanted to learn to speak Spanish more fluently. We ended up “killing two birds with one stone”. I landed a job with Loreto Bay Company as Director of Commercial Construction, because I loved the idea of being involved in “The Largest Sustainable Development on the Planet”, and also because it put us in Loreto.

Casa Escondida

The Loreto Bay job did not work out very well. Lots of reasons, but after just 7 months I decided to leave the company. Regardless of the bad employment experience, we had found we love living in Mexico, and especially in Loreto. Laurie and I had saved a bit of money, and we decided to stay and start our own small development company building spec homes in Loreto. It has been a real adventure, and proves that anyone can be successful anywhere if they make the commitment and are willing to work hard.

Our business has grown. We now have a development company (Casa Escondida S. de R.L. de C.V.), currently building (4) homes, and with another property in San Juanico on the Pacific side ready for development. The problem with construction and development is that money comes in big “spurts”, and it is difficult to sustain momentum without regular cash infusion. In order to have a little “cash flow machine”, we created another company (The Construction Coach, S. de R.L. de C.V.) doing special construction inspections and various types of construction consulting.

I can honestly say two major things about our experience:

1. We Love Loreto – The whole experience has been non-stop mental stimulation. We had to learn to speak Spanish. We have learned social customs, and a bit about the Mexican business law. We had to learn about real estate in Mexico, hiring and paying Mexican workers, paying personal/business/property taxes, and much more. In just 3 years, we have evolved into “real expatriates”. It has not always been easy, but that is the fun of it. The best part of all is the people we have met in Loreto. We now have many Mexican friends, and also a community of expats with whom to share time and fun. It is a very social life in Mexico, and in all my life of moving from place to place, I have never loved a place so much as Loreto, Baja Sur.

2. We Are Invested in a Good Place – It is a bit scary moving significant assets to a new country, but people get used to it. It really is no different than owning in the US or Canada. Particularly now, with the economic melt-down in the US and the likelihood of a long recession, we feel our money is in a very good place. In many ways, the Mexican economy is more fundamentally sound than the US economy. The area around Loreto is one of a small handful of places on earth where the mountains meet the Sea in spectacular fashion. We are very comfortable and confident that in the long term and from the perspective of return on investment, we are much better off having our money here in REAL PROPERTY than in the stock market, or bonds, or even in US real estate. Things change over time, but right now, this is a very good place to be.

Take a look at what’s available in Casa Escondida!

Please contact Alfredo for more information about how you can obtain your dream Mexican Baja getaway on the East Cape.

Search for available properties in La Paz, Los Barriles, Loreto, Mulege, Baja Sur - Mexico

You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.