Esmeralda... back from the dead? Have been hearing spots on KFYI all week for an outfit called IPX touting a huge investment opportunity in Rocky Point... "and with a cruise ship port nearing completion"... you don't want to miss out on this excellent investment opportunity!
After the last crash, NEVER EVER buy ANYTHING unfinished. There is NO recourse down there. Force Majeure=horse manure. That is the legal response by all those developments for not honoring their legal contracts to refund money when the project stalls. No mas.
state News | August 4, 2004 |  Share
Minn.: State Closes Equity-Stripping Case A Minneapolis man accused of equity stripping has agreed to forfeit his real estate license and the mortgage-originator license of Equistar Mortgage of St. Paul, Minn. Daniel Butterfield, who had been accused by the Minnesota Department of Commerce of equity stripping in a 21-count complaint, signed a consent order in late July that revoked the licenses. The consent order documented four cases in which homeowners in foreclosure were convinced that signing away their title and becoming renters would be beneficial until they were ready to buy back their homes. In addition to equity stripping, the department cited breach of fiduciary duty, incompetence, fraud, lack of disclosures to consumers, and violation of an order to produce records as other forms of misconduct by Butterfield--who now is permanently barred from mortgage origination or servicing.
Source: Star Tribune
state News | August 4, 2004 |  Share
Minn.: State Closes Equity-Stripping Case A Minneapolis man accused of equity stripping has agreed to forfeit his real estate license and the mortgage-originator license of Equistar Mortgage of St. Paul, Minn. Daniel Butterfield, who had been accused by the Minnesota Department of Commerce of equity stripping in a 21-count complaint, signed a consent order in late July that revoked the licenses. The consent order documented four cases in which homeowners in foreclosure were convinced that signing away their title and becoming renters would be beneficial until they were ready to buy back their homes. In addition to equity stripping, the department cited breach of fiduciary duty, incompetence, fraud, lack of disclosures to consumers, and violation of an order to produce records as other forms of misconduct by Butterfield--who now is permanently barred from mortgage origination or servicing.
Source: Star Tribune
Interesting. Just tells me that getting rid of these sleazy fuckers is like playing Whack-a-Mole. They just pop up from a different hole with a different scheme. Now, he's got a Mexican scam working with Esmeralda. I wonder how many fish he'll actually catch with the radio advertising? I'm tempted to contact them and see exactly what they're offering and telling them I've got a half-mil I want to invest. Anybody want to go fishing and help me chum the waters?? BWAHAHAHA!
Do notice that their website says NOTHING about Rocky Point. The radio ad asks you to text message them with IPX and I assume they call you back to get the ball rolling.
We will most likely be looking at his greasy mugshot holding up his hand with some cool-assed wanna-be gangsta finger code, decked out in a crappy Hawaiian shirt and an ear to ear Baboon grin on fifty foot tall billboards on all three roads into town as well as a dozen more scattered around at key locations for the next ten years....or more. I've never understood why real-a-tors, AKA scoundrels/narcissists think that their mugshots mean anything at all to a would be buyer, unless they are looking to get raped by the male agents or do the same to the female agents. Especially the ones of those old broads that have their twenty to thirty year old cutesy fuzzed out photos in use everywhere in town from full sized billboards to crappy 4'x8' plywood and cloth banners and not to mention smeared all over every stinking publication with any shred of interest in RP. He might even get himself a Wal Mart Green Hornet costume with a custom built cornball mini hornet mobile to give that bat shit crazy Suzy Flynn and her bat mobile other, some competition.
If you do make contact with the guy count me in! We have actually been deliberately chumming those guys for shits and giggles for years. It's always cheap entertainment to see how low they will go and the lies they will spew to get you "hooked". We almost always get a free meal and some drinks whilst enduring the spin, IE: Mayan Palace. Never let them get you into their own bus or vehicle though!
Interesting. Just tells me that getting rid of these sleazy fuckers is like playing Whack-a-Mole. They just pop up from a different hole with a different scheme. Now, he's got a Mexican scam working with Esmeralda. I wonder how many fish he'll actually catch with the radio advertising? I'm tempted to contact them and see exactly what they're offering and telling them I've got a half-mil I want to invest. Anybody want to go fishing and help me chum the waters?? BWAHAHAHA!
Do notice that their website says NOTHING about Rocky Point. The radio ad asks you to text message them with IPX and I assume they call you back to get the ball rolling.
:shark:
If you click on the "Event" tab from the link in your first post, you will see the info on Rocky Point. Be ready for a good laugh. Is Resort Investment #2 Casa Blanca Resort?
Here's the info:
Informational Workshop How to Earn a Net 15% annual return and much more by Investing in Rocky Point. May 10 @ 5:30 pm - 7:30 pm
| Free
Register Now!
Join us for our informative discussion on How to Earn a Net 15% annual return and much more by Investing in Rocky Point.
This investment opportunity is in a development project named the Esmeralda Resort located on Sandy Beach in Puerto Penasco, Mexico 3.5 hours away from Phoenix, AZ.
As an investor in the Esmeralda Resort earning 15% you will also have access to numerous other investment projects. Currently, we are offering Esmeralda investors discounted lots, houses and condos that can be purchased and flipped. And best of all, everything is 100% turnkey in Rocky Point just like in Phoenix.
With the home port commencing construction this year and its plan to be completed in 2018 – 2019, this project will be a big boost to the economy and investment real estate in Rocky Point.
In addition to the home port, other projects include:
– Single Family Home subdivision in a newly built marina.
– Oceanfront beach club within a single family home subdivision.
– Casino
– Basis School
– Solar Panel Farm
– Secondary Airport
– Jack Nicklaus signature golf course
– Resort Investment #2
If you would like to participate in this investment opportunity and others, please attend an upcoming Rocky Point Workshop.
Retire sooner than you have dreamed – Seats are limited, Reserve yours today!!!
We are truly a one-stop shop. From renovations to financing, every service you need to successfully invest in real estate is under one roof. For example, you might have heard rolling over your IRA takes a lot of time and paperwork. At IPX, we handle the whole process for you as a complimentary service. Plus you can invest your IRA in Mexico and IPX will provide you with a rental condo/house.
IPX acts as a mentor and coach to ensure investors’ real estate success. We are your go-to source for any and all questions, including services related to the real estate investment life cycle. IPX can help you navigate the path to increase your net worth through real estate.
+ GOOGLE CALENDAR+ ICAL EXPORT Details
Date:
May 10
Time:
5:30 pm - 7:30 pm
Cost:
Free Venue
IPX Headquarters
2048 N. 44th Street, Suite 100
Phoenix, 85008
I'm sure they will be doing one of these tours again soon......you can get yourself a free overnight stay, dinner, and breakfast if you don't mind tying up your whole weekend, lol:
Rocky Point Investment Tour April 1 @ 9:00 am - April 2 @ 4:00 pm
Register Now!
Are you interested in investing in Rocky Point? If so, we are inviting you to a Rocky Point tour commencing on Saturday, April 1, 2017 which leaves the IPX office 9 in the morning.
THE FOLLOWING ARE REQUIRED IN ORDER FOR YOU TO PARTICIPATE ON THIS TOUR:
1. You must have completed a one on one meeting or teleconference with Daniel Butterfield or the Investor Sales Team. 2. You must show proof of potential investment capital. Minimum of $100,000. (Exceptions may be possible, please ask). 3. You must have an interest in investing in Rocky Point.
Sandy Beach Esmeralda Development, LLC will provide the following:
– Accommodations for you to stay Saturday night.
– We will also provide transportation for those that do not want to drive on their own.
Agenda for this Tour:
Leave Saturday Morning 9AM
Saturday Afternoon Esmeralda Project Tour
Saturday Night Dinner
Sunday Morning Breakfast
Sunday Morning/Noon Puerto Penasco Point of Interests Tour
Sunday Afternoon – Drive back to Phoenix
We only have 15 seats left so please RSVP by replying to this email or calling our office 602.254.6244.
VERY IMPORTANT: YOU MUST HAVE A VALID US PASSPORT IN ORDER TO TRAVEL TO ROCKY POINT.
For more information about our Rocky Point Investments please watch the following videos below:
ROCKY POINT ONLINE PRESENTATION – Click here if video is not working
DANIEL BUTTERFIELD and PUERTO PENASCO MAYOR MUNRO INTERVIEW –Click here if video is not working
Sincerely,
Daniel Butterfield, CEO
Sandy Beach Esmeralda Development, LLC
+ GOOGLE CALENDAR+ ICAL EXPORT Details
Start:
April 1 @ 9:00 am
End:
April 2 @ 4:00 pm Venue
IPX Headquarters
2048 N. 44th Street, Suite 100
Phoenix, 85008 US
Your first post is pretty much the radio spot they are running with some additional detail. I didn't click any of their links at first glance; the sleaze factor was too high.
Invest my 401k in Mexico. Uh-huh. Given Mr. Butterfield's stellar record and disbarment from anything mortgage related in Minnesota, how can he set up shop with real estate investment here and get away with it?
I'm going to contact KFYI and ask them if they vetted any of their advertisers. I mean, buyer beware and all that, but this just reeks of lost money and broken hearts for those that might happen to get sucked into it. We've seen it all before.
Getting stuck at the border Sunday afternoon in that stinky van after everyone ate a big Mexican buffet would be a deal killer for me but hey, this is Doug Douceys Arizona...surprised they aren't offering a raffle for a free liver transplant...
Funny, Jerry! But once again we see all the failed projects being touted as "investment opportunities." The new marina... the casino... and a mile long jetty of rocks as a cruise ship home port. What's old is new again with a new player running the 3 card monte.
Funny, Jerry! But once again we see all the failed projects being touted as "investment opportunities." The new marina... the casino... and a mile long jetty of rocks as a cruise ship home port. What's old is new again with a new player running the 3 card monte.
I own in one of those unfinished developments. We tried to just claim the lot. Nothing was started on the lot. You can't get any answers. They used my money to finish other houses. I just wanted title to the lot. None of the paperwork was ever completed and no one that started the development is still around. A lawyer told us that because we have no way to pay taxes on the lot(no deed) the government would someday claim the lost and resell it.
We also heard that many of the unfinished metal structures would have to be torn down and replaced
I also heard that San Carlos is waking up again and that one of the unfinished projects has new money to complete a building. Those must be 10 years old.
Like others we only saw the upside but fortunately Bella did complete so I am thankful for what I have. We know people that bought in 3 at Las Palomas and Diamond Village. We know people that bought at Princessa and never bought another thing. They are very happy.
Out of curiosity, how much did you lose on that venture?
You kind of nailed what happens. Buy into the dream, then the dream becomes a nightmare and you're left holding an empty bag with no recourse.
It's a crap shoot on any of these buying into a project while it's an artist's conception pinned to a wall. For those that did get a nice condo or home out of it, kudos. I've stayed in some very nice ones, Privada, for example.
I still love to tell the story of San Jorge. Did a charter to fish out of there, oh 30 years ago. The gentleman that arranged the charter took me into a mobile trailer, big beautiful complex map on the wall, a marina, a golf course, all the luxuries of paradise, then commenced with how I could buy in now! I politely declined, I was only there to fish. All these years later, San Jorge is pretty much the same piece of beach that it was then. I've always wondered how much money was made from suckers that bought into that dream.
The current scam I mention seems to be the same. Notice how they taut the same things? The casino, the marina, the golf course... and throw in the new cruise ship port for good measure. These development fairy tales have been around forever, dear, and not one of them has yet to become reality. A pile of rocks in the water doesn't make a home port. But, they go out and move some dirt around and it actually looks something might happen. In a few months or years, they move the same pile of dirt somewhere else to keep the illusion alive.
Cynical? Not me. Reality check? DEFINITELY. If any of these (casino, marina, home port, etc.) actually happen in my lifetime or yours, I'd likely keel over from a heart attack.
Nobody can ever explain where all the money went, seems to be the way these projects go. But somewhere, there is a developer with a new Escalade and a fat retirement account. Or perhaps, an ex-governor or other public official. It's the Mexican way, it would seem.
You would think if a person has an office in Scottsdale and do sales pitches there, the would require an AZ license. If so, how the hell did they get a license? Also, how did AZ CC allow hime to form an LLC? This shit just amazes me!
It would be interesting if someone was to put together a detailed collection of the ripoff real estate horror stories that abound in and around Penasco, and the untold millions of dollars lost to "faithfull" Americans who "trusted" those dirty scoundrels. And the worst fact is that almost every scheme included a shifty American salesperson that always has a criminal past somewhere back in the USA. They almost always end up first in the Phoenix area, especially Scottsdale, where they set up a new life like a bunch of lurking vultures waiting for the fat old cow to be fed a line of crap and eventually drop dead and no recourse to get the losses back. Once they get run out of Arizona they end up in Rocky Point, San Carlos, San Felipe, Ensenada, etc. where they are safe and untouchable from USA courts and law enforcement.
Thank you good sir for that link. The bottom line is: I ain't blowing smoke up anyone's ass. This crazy shit has been going on forever and I don't want a single one of my peeps here to get sucked into this shit. I love each and every one of you. This board has been in existence longer than anything out there. We tell the truth. The good, the bad, and the ugly.
I learnt sum ting en a psycho-ology class many moons ago. Human beans have a VERY SHORT memory and fall for the same line of shit over and over again even with all of the fuggin facts and evidence right in front of their FREAKING FACES!
Just think the current Global Warming Horse Shit, the Antifa black clad limp dik Faggots, no more "Free" speech, on and on...............
I'll never forget my UC Riverside botany professor back in the 60's "teaching" the class that all of the Saguaro Cactus would soon become very extinct because the Red Harvester Ants hauled off every Saguaro seed in the daytime and the Black Harvester Ants hauled off every Saguaro seed in the nighttime and none were left to sprout the little baby Saguaro plantlets. That my friend was fifty years ago and he was seventy years old then and I now have several four inch tall baby Saguaro's that I dug up a few weeks ago near Desemboque right here on my back porch.
A guy down the street from me, owns in Los Gaviotas, put $100,000 down on an Esmeralda unit like 10 years ago, and I'm pretty sure that is now a total write off.
I believe they need an approved offering memorandum to raise funds, whether full SEC approval or partial. I'm assuming because you need to have $100,000 liquid, and they don't specifically state it, you need to be an accredited investor, meaning liquidity and a net worth over $X. Not sure how or why people fall for these sleezy scam artists. Like most of you, I want to see it, touch and pee in the toilet before my money comes out.
A guy down the street from me, owns in Los Gaviotas, put $100,000 down on an Esmeralda unit like 10 years ago, and I'm pretty sure that is now a total write off.
I believe they need an approved offering memorandum to raise funds, whether full SEC approval or partial. I'm assuming because you need to have $100,000 liquid, and they don't specifically state it, you need to be an accredited investor, meaning liquidity and a net worth over $X. Not sure how or why people fall for these sleezy scam artists. Like most of you, I want to see it, touch and pee in the toilet before my money comes out.
Don't forget to flush the toilet and to PUT THE SEAT DOWN. All that aside, I believe someone once said, "There's one born everyday".
We put $125,000 and still owed about $50,000. Ours was the first of many to never be started. WE had meeting in Tempe but I think we always knew we would never get anything out of it. A lawyer in RP could find no recording of any titles for any of that development. Now we are old and neither of children have any interest in anything in Mexico. They just want to Sunriver Or house so at some point I will have to sell Bella. But right now we still enjoy going down and enjoying the beach and going the Seafood place.
Just sent this to the powers that be at KFYI. They can't REALLY be this clueless on Butterfield, but I'm still hearing the ad multiple times a day. I'll post their reply, or if they have any balls at all, they'll post a response in this thread, which I linked.
- - - - - - - - - - - - - - - -
Evening Gentlemen,
I'm going to ask one simple question here before I start laying the smack down -- Does KYFI vet anyone that advertises on your radio station, or can I just walk in with a pile of money to get my name on the air and start scamming people for their life savings? This is an honest and legitimate question and I'd like a truthful answer. You see, I've listened to your station for years and have always enjoyed it (except for Merill, he's just ADD irritating most afternoons... love ya Chris) Yes, Barry and Michelle days, Bruce days, have listened for so many years. But, this isn't about any of your on-air personalities. I'm hearing a constant advertisement over the past couple of weeks that concerns me greatly.
That would be Mr. Daniel Butterfield and IPX Investments. Why the concern? Well, let's start with this:
Minn.: State Closes Equity-Stripping Case
www.nar.realtor
A Minneapolis man accused of equity stripping has agreed to forfeit his real estate license and the mortgage-originator license of Equistar Mortgage of St. Paul, Minn.
Daily Real Estate News | August 4, 2004 | Share
Minn.: State Closes Equity-Stripping Case A Minneapolis man accused of equity stripping has agreed to forfeit his real estate license and the mortgage-originator license of Equistar Mortgage of St. Paul, Minn. Daniel Butterfield, who had been accused by the Minnesota Department of Commerce of equity stripping in a 21-count complaint, signed a consent order in late July that revoked the licenses. The consent order documented four cases in which homeowners in foreclosure were convinced that signing away their title and becoming renters would be beneficial until they were ready to buy back their homes. In addition to equity stripping, the department cited breach of fiduciary duty, incompetence, fraud, lack of disclosures to consumers, and violation of an order to produce records as other forms of misconduct by Butterfield--who now is permanently barred from mortgage origination or servicing.
Source: Star Tribune (Minn.) (08/03/04); Gendler, Neal
With me so far? Mr. Butterfield would be the LAST person in the world I'd trust with any kind of real-estate investment. That said, let's move on. Mr. Butterfield is currently offering a chance to make a 15% return on investment by getting with his firm, IPX, and investing in Rocky Point, Mexico. 15% is going to get people's attention, for sure! Qualified investors only, hmmmm. That means you have to have LOTS of money to lose. His shtick is a failed project project called Esmeralda. Oh, the stories surrounding this failed project! Money grabbed, no titles, homes/condos never built, no records of any transactions, no title or ownership records filed with the city... do you want me to go on? How do I know any of this? You need proof?
I have run a website at www.rockpointtalk.com for the last 30+ years. I know Rocky Point like the back of my hand. What Mr. Butterfield is selling is the exact same lipstick on a pig that's been played out multiple times over the years in one project name or another. Get their money, use it to make something happen so it looks like a solid investment, then the whole pyramid scheme collapses leaving most without their money or that beautiful condo on the beach. He's using the exact same bait that's been used for years.
Why are you supporting him and letting him advertise on your station? I hope to hell that when these investors get it stuck squarely up their ass, and they will, that they get a class action suit and sue the hell out of KFYI for allowing this schmuck to advertise on your station.
Care to read more? Tell Mary why she lost over $100k to somebody exactly like Butterfield. She is not the only one, far from it.
This is what you are letting advertise on your radio station? I always thought better of you guys than this. Apparently, I was mistaken.
Stuart Burnett
Tempe, AZ
News Report...the future...from the AP
" The body of Stuart Burnett was found in a 55 gallon oil drum floating 51 miles away from the sleepy Mexican village of Rocky Point. "
News Report...the future...from the AP
" The body of Stuart Burnett was found in a 55 gallon oil drum floating 51 miles away from the sleepy Mexican village of Rocky Point. "
At least I'll be at the 51 and can feed the fish! :thumbsup:
I heard that they had finished a 2 and 3 bedroom to show, but I was not aware of Mr. Butterfingers involvement, great info tho, will speard the word here in Tucson,
Well and good as Senor Butt has the required creds to sell real estate in Penasco. Note That his advertising in the US for this project opens him to legal action in the US irrespective of the fact that the development is in Mexico. Bet he is not aware of that . That door is open for the recent propane explosion in Las C.
I hear the ad also. Why would anybody invest in Penasco is beyond me. It used to be hot spot to go to in the 1990s but now, no one even talks about it in AZ. It will never be good spot just because of the climate, too cold and too hot, it does not work.
I lived in Cabo and was surprised how cold dec, Jan and part of feb were. Summers were just like here but much more humid. Cabo has worked and one has to fly or drive much further to. The proximity of Pensaco to USA/Canada for retirees / snowbirds etc is much more appealing. So if done well, it could be a hotspot...especially for Canadians as it is very expensive there for the retired.
I hear the ad also. Why would anybody invest in Penasco is beyond me. It used to be hot spot to go to in the 1990s but now, no one even talks about it in AZ. It will never be good spot just because of the climate, too cold and too hot, it does not work.
As I recall, when it's 120 degrees in Yuma it's 95 degrees in Penasco. When it's 35 degrees in Yuma it's 50 degrees in Penasco.
That is exactly why we go there twelve months a year! And the big F-U to Kommie-Porn-I-Ka.
JJ
I had the same reaction to the "climate" comment, but chose to selfishly allow that rumor to fester, similar to my wholeheartedly agreeing with those afraid to travel into Mexico. (Just my little part in protecting the remoteness of beautiful beaches.)
Funny..................
As I recall, when it's 120 degrees in Yuma it's 95 degrees in Penasco. When it's 35 degrees in Yuma it's 50 degrees in Penasco.
JJ
Not true. When its 110F in Yuma or Phoenix with very low humidity like 8% , it is 99F in Penasco with 90% humidity, it feels just as bad and you get no refreshment when you go into the water, it is like this all summer. All the way until end of September, then October to mid November is when you can enjoy it. Then it gets too cold all the way to mid March, then you get April to mid May then it get too hot for comfort. There is a reason why Puerto Penasco is not booming with tourists even now. Place is not cheap as it was in 1990s. It wants to be Cancun but it can't for obvious reasons
Not true. When its 110F in Yuma or Phoenix with very low humidity like 8% , it is 99F in Penasco with 90% humidity, it feels just as bad and you get no refreshment when you go into the water, it is like this all summer. All the way until end of September, then October to mid November is when you can enjoy it. Then it gets too cold all the way to mid March, then you get April to mid May then it get too hot for comfort. There is a reason why Puerto Penasco is not booming with tourists even now. Place is not cheap as it was in 1990s. It wants to be Cancun but it can't for obvious reasons
Ask me about grouper fishing in June and July. Oh, the fish will cooperate, but better have La Cruza Rojo at the docks when you come in to deal with the heat stroke.
Right on through Sept. My son and I went on birthday week 3rd week of Sept. and spent more time in the 93 degree water 50 miles out than we did fishing.
Cheap way to loose a lot of weight in a really short time.
I now carry as much pedialyte in my coolero as bottled water for those late summer outings. One trip last August the wife had to take the boat back in as I was in the fetal position on the deck awash with Dorado blood and puke. Only took an hour in the shower back home to cool down enough to get the energy and recover in order to fillet those little hot water loving beasts.
At least we were on the water catching fish without AC. I'll never forget a few years back with a new pair of Clark's Desert Boots, walking on the desert flats in August wondering why the soles of the boots had rocks sticking in them, they were melting from the heat!
Mid Dec - Mid Feb- :( Cold nights going to Chilly and windy.
Mid Feb - Mid Mar -:cool: Coolish and windy turning nice.
Mid Mar - Early June :) Really nice, almost perfect, turning to hot in late May
Early June - 4th of July:ohmy: Getting pretty toasty, start heading to the mountains if you're that lucky.
Mid July - 1st week of Oct. :gag: Really bad, with bath water ocean temps, late July to late Sept. And when the wind dies for, days on end during Aug :eek::eek::eek:. Heat Stroke Territory.
Mid Oct - 1st of Dec :):) Pretty much perfect, warm water temps, warm days and pleasant nights.
Not true. When its 110F in Yuma or Phoenix with very low humidity like 8% , it is 99F in Penasco with 90% humidity, it feels just as bad and you get no refreshment when you go into the water, it is like this all summer. All the way until end of September, then October to mid November is when you can enjoy it. Then it gets too cold all the way to mid March, then you get April to mid May then it get too hot for comfort. There is a reason why Puerto Penasco is not booming with tourists even now. Place is not cheap as it was in 1990s. It wants to be Cancun but it can't for obvious reasons
I don't know what planet you are from or what your motivation is here, but Penasco has been incredibly busy with visitors again. Spring Break and Semana Santa were extremely crowded times. Even this past weekend when I was down was busier than I would have imagined, not only in town but even on the east beaches were I live. There is no question in my mind that more and more people are visiting again after the lean times of the economy and fears of Mexican travel. I see a lot more rental homes in Encanto occupied more than empty the past year or so. And nothing is as cheap as it was in the 90's. That's only common sense.
I don't know what planet you are from or what your motivation is here, but Penasco has been incredibly busy with visitors again. Spring Break and Semana Santa were extremely crowded times. Even this past weekend when I was down was busier than I would have imagined, not only in town but even on the east beaches were I live. There is no question in my mind that more and more people are visiting again after the lean times of the economy and fears of Mexican travel. I see a lot more rental homes in Encanto occupied more than empty the past year or so. And nothing is as cheap as it was in the 90's. That's only common sense.
I have no motivation here, I am just stating the fact. You yourself admit with your statement that it only started picking up again with visitors this year. Spring Break was still dead this year, there is no way you can compare it going back to 1998. Semana santa was always busy but getting more visitors each year because of hotel operators are running ads in Hermosillo and Mexicali, so Semana Santa are Mexican visitors. What we are discussing here are Anglo visitors from the USA, never came back from 1990s levels. Fact is right now May 3rd, Penasco is dead, go to the beach you can count 20 people there, and weather is perfect for the beach, I am just stating the facts.
I have no motivation here, I am just stating the fact. You yourself admit with your statement that it only started picking up again with visitors this year. Spring Break was still dead this year, there is no way you can compare it going back to 1998. Semana santa was always busy but getting more visitors each year because of hotel operators are running ads in Hermosillo and Mexicali, so Semana Santa are Mexican visitors. What we are discussing here are Anglo visitors from the USA, never came back from 1990s levels. Fact is right now May 3rd, Penasco is dead, go to the beach you can count 20 people there, and weather is perfect for the beach, I am just stating the facts.
Actually you were stating opinion (regarding climate preference) mixed with observations of a "comeback" (or, as you state, lack thereof) that doesn't match the days of the "boom." I would suggest that the reason for the mismatch is simply that comebacks -- economy and residual effect on tourism -- don't happen overnight.
Remember when 3-5 hour waits coming North happened every weekend, careful what you wish for.Plenty busy for me just the way it is. I was in San Diego last week, constant traffic stop and go on I 5, deal breaker for me. Turning into a little LA.
Coming down today (Wed) I saw a lot of RV's heading north
The big difference with RP now vs the 90's is the tourism base has changed.
In the 90's it had a big USA/Canada visitor base, now it has a larger Mexican visitor base.
I would estimate during the 90's it was 60-70% visitors from the USA/Canada while now it's 60+% Mexican (USA and Mexico) visitors.
During the late 80's and until early 2000's, after the 4th of July weekend, RP became very quiet (ghost town) as most US visitors left for the summer.
Now it is much busier with the people visiting mainly from Mexico and Mexican's visiting from the USA, I was surprised at that when I came down
in late July 2014 and 2016 and found it really busy vs years past. ( I came down lot during the late 80's and 90' during the summer)
One of the things keeping RP from booming again is the difference's in the spending habit's of the American's visiting
and the Mexican's visiting here.
Real Estate is picking up but there are still a ton of places for sale as there are plenty of places to rent now vs 90's.
I built my place in Cholla because we became tired of camping on Sandy Beach or staying in a RV in one of the RV parks that are now gone.
The border waits can still be long, but there are 5-6 gates now vs the 3 during the 90's, I waited almost 6 hours on a Memorial day
weekend in the 90's. No Fun! And now they check passports or the lack of .
Yep the I-5 around San Diego isn't any fun at all, unless you time it around the rush hour traffic.
About 25 vehicles ahead of me on a Tuesday mid-day, all US plates that I could see. So no Anglos, heh?
How do you know that they are anglos?
The big difference with RP now vs the 90's is the tourism base has changed.
In the 90's it had a big USA/Canada visitor base, now it has a larger Mexican visitor base.
I would estimate during the 90's it was 60-70% visitors from the USA/Canada while now it's 60+% Mexican (USA and Mexico) visitors.
That's exactly what I was saying. Anglo visitors are quality tourists who go out and spend money. Chicanos from west Phoenix are thrifty they bring their own beer leave early in the morning and come back at midnight, they don't even spend the night there.
One of the things keeping RP from booming again is the difference's in the spending habit's of the American's visiting
and the Mexican's visiting here.
Bingo
Real Estate is picking up but there are still a ton of places for sale as there are plenty of places to rent now vs 90's.
I built my place in Cholla because we became tired of camping on Sandy Beach or staying in a RV in one of the RV parks that are now gone.
During 1990s almost all Hotel operators were locally owned, meaning when tourist spends money the money will stay in the town and be circulated in there, taxes going into town's budget. Now big hotel operators are out of town, turists spend money in one of the new resorts and Puerto Penasco city doesn't see a dollar from it. Hotel has it's own restaurant that gets supplied from Hermosillo, tourist does not even go to Malecon to eat because of bad reputation and stomach bugs. New hotel investors got their incentive from Penasco, they don't pay taxes. This is one of the reasons why a city of Penasco is same crappy town, They did invest in remodeling Malecon, but nothing else has been improved.
brokenwave, Yesterday at 5:19
Thanks for the write. You pretty much explained it all
Great points, above. But I would add another factor: US has been in recession (many would say depression) for many years. The barge is only beginning to turn around, and – depending on success – will (at a similar pace) affect Penasco.
I run ads in Hermosillo for my one bedroom. They take mid week. I let Seaside handle he PHX crowd. I have been busy most of the year. When we get back from the month in Oregon , I need to come down and do some work. The grounds at Bella look good and we do not seem to be crowded or loud and noisy on weekends. We stayed at Princessa for a week last summer and I thought management did a great job of noise control. It was crowded but by 10 it was quiet.
Esmeralda project on Sandy Beach?. "Be the first and cruise ship port due next year". Can not believe there are more prospects fools still around to buy into that pitch. It's on 1510 AM every day now. Pretty crazy claims and inviting "smart investors" to be " in" and be offered first rights to MORE investment. Mo Money$ Turn key investments. Buy before units exists for easy money$.
Yep, that's the exact spiel that raised the hair on the back of my neck when I heard it. KFYI never responded to me. How these shysters can operate like this openly on public airwaves is beyond me. Buyer beware and all that, but this shit is ridiculous.
Every individual involved from the scoundrel who dreamed up the fraud all the way down to the lowest employee of KFYI should be held accountable and suffer the consequences.......like JAIL TIME!
It's just human nature, most can control the greed, others might have second thoughts when considering the consequences of being caught, while those involved in the scam discussed in this thread seem to believe they are above the law.
That radio station is knowingly advertising and actively involved in the fraud, they most likely get a kickback when a sale is made on top of their fee for the advertising.
Back to the topic. Yes I hear it also here in Phoenix every day on AM-550. Only one true statements this scammer made is: ' "no one" understands how real estate works in Mexico'. Fact is it does not work.
Learn How to Earn Net 15% Annual Return by Investing in Rocky Point
In 2014 I purchased my first unit in Rocky Point Mexico. Prior to purchasing the unit I had performed extensive due diligence and determined that virtually “no one” understands how real estate works in Mexico. Based on this revelation, I decided to investigate further. In 2015 I opened up an office in Rocky Point and purchased another off market investment. Now I have a team of professionals in Rocky Point so that we can take advantage of the tremendous growth that Rocky Point will experience in the next 10 years.
Back to the topic. Yes I hear it also here in Phoenix every day on AM-550. Only one true statements this scammer made is: ' "no one" understands how real estate works in Mexico'. Fact is it does not work.
With all due respect, why do you post on a RP forum if you have nothing good to say about it?
Real estate DOES work in Mexico, it's just different, if you can't stomach it you should buy in California or Florida , if you can afford it. I don't miss what we had down there in the 90's.
We have had 3 of our 8 shares change hands in the last quarter. Selling families have grown up, cant get all the kids together anymore.,,,New share holders - grand parents w younger families and local grand kids starting a family tradition, 2 young(er) professional couples who love going down to work and play. Same work, better view! .......
Our new grand baby has been to Mexico 3 times, and he is still zero years old!
the 1/8th share thing is beautiful. we cant be there full time, don't want to own the whole place. Every 8 weeks, off we go. Been down almost 70 times in last 12+ years
What ablessing
Sounds like you've found something that works for your family! Glad that works for you! I would like to someday own in Mexico, but more likely will be in San Carlos, rather than Rocky Point. There are plenty of happy gringos with property in Mexico. But buying an existing home/condo/casita is a MUCH different thing than ponying up a bunch of money as an "investment" from a guy who already got his license jerked in another state and is selling the same broken record of a failed project (projects) that lots of folks already lost money on. THAT is the scary part. If the marina, and the casino, and the home port and Jack Nicholas golf course and the homes/condos this guy is promising already existed, I'd likely give the guy a break. Ain't no way in hell the homeport will be up and operational in 2018 as he touts in his ads. We are nearly halfway through 2017. You see anything more than a pile of rocks in the water? Me neither. That money got evaporated into somebody's pocket.
We have had 3 of our 8 shares change hands in the last quarter. Selling families have grown up, cant get all the kids together anymore.,,,New share holders - grand parents w younger families and local grand kids starting a family tradition, 2 young(er) professional couples who love going down to work and play. Same work, better view! .......
Our new grand baby has been to Mexico 3 times, and he is still zero years old!
the 1/8th share thing is beautiful. we cant be there full time, don't want to own the whole place. Every 8 weeks, off we go. Been down almost 70 times in last 12+ years
What ablessing
Same thing for my family but in Encanto. Been going there for about 17 years. We have 4 weeks a year of usage, about half of them we stay for a week, the others a long weekend. My daughters grew up on our beach and now say it's their most favorite place in the world. Now our granddaughter, age 4, has been joining us since she was born. She can't wait for the next trip down and never stops when we get there. It's like a rerun of our life...priceless! Best decision we ever made was buying into our Mexico home.
Same thing for my family but in Encanto. Been going there for about 17 years. We have 4 weeks a year of usage, about half of them we stay for a week, the others a long weekend. My daughters grew up on our beach and now say it's their most favorite place in the world. Now our granddaughter, age 4, has been joining us since she was born. She can't wait for the next trip down and never stops when we get there. It's like a rerun of our life...priceless! Best decision we ever made was buying into our Mexico home.
I notice today in real estate ads that someone is coming in and finishing the condo out by Las Conchas. You can pick finishes. Not a bad price. We looked at those when they were starting them. It is good to see some action on n unfinished project.
I notice today in real estate ads that someone is coming in and finishing the condo out by Las Conchas. You can pick finishes. Not a bad price. We looked at those when they were starting them. It is good to see some action on n unfinished project.
Problem there is with owner financing you will have no title or bank trust till it is paid off completely. If the developer goes bust again you are sh-t out of your cash. They have put up a lot of SOLD signs in the windows of quite a few condos. The all went up overnight !!! That's the old method used to create some excitement and motivation. Mr. Big was well known for that .
Year ago when we were still diving we went to San Carlos all the time. Also I had Ford in Hermosillo as a client which helped. But we were very slow and every time something happened that stopped the construction. So we started coming to RP and bought at Spa. They had a track record of being able to finish. Like a lot of people I own a lot with no house and no deed to house or lot. And Bella which somehow managed to complete.
I wish some of you would post in more places to reach more people....before they get really hurt. We got sucked in by this sleazoid buying Phoenix area real estate and have lost over $100K in 2 years and our retirement is trashed. I especially like the Brylcreem reference.. so spot on!
Post a link to your blog and Rocky Point Exposed on the Google review option for IPX, please! We can't be saved, but others can.
Wow man wow. I keep telling people that every real estate near the beach in Mexico is a scam but they just call me a troll. You as a foreigner can never own property on the beach in Mexico it is in the Mexican constitution. The way the scam works is Mexican bank owns your property, you are just an investor, you never get the 100% ownership deed.
I bought into the "scam" 22 years ago, best thing I ever did! Now my kids and grandkids will get to enjoy it after I move on. It ain't for everyone (thank god). But it's mine just as other things I own that are held by a corporation. Just a different way of doing it.That's why I didn't pay California or florida prices.But I'm not trying to convince you, stay away if you're not cool with it, less line at the border and less people on the beach suits me fine.
We also bought in 19 years ago, and have incredible memories, including the one last week pulling our daughter on our boat, and dolphins swimming right next to her- priceless!
We also bought in 19 years ago, and have incredible memories, including the one last week pulling our daughter on our boat, and dolphins swimming right next to her- priceless!
been in my house 10 years...use it an average of 2 months a year.....been fun.... but would I build again right now under the current circumstances? yep...
Wow man wow. I keep telling people that every real estate near the beach in Mexico is a scam but they just call me a troll. You as a foreigner can never own property on the beach in Mexico it is in the Mexican constitution. The way the scam works is Mexican bank owns your property, you are just an investor, you never get the 100% ownership deed.
And here I always thought that leasing a car . . . a home . . . or property in Mexico – unless some information is withheld in the transaction -- was an agreement rather than a scam. If -- sitting in front of my place with beer in hand, toes in the (leased) sand and eyes on sunset for 20 years – I’ve been scammed, victimization has never felt so good.
Been in mine for 27 years and watched all 4 of our kids grow up during the 4-5 weeks per year we stay there. 3 of the 4 would kill us if we ever thought of selling it.
Our youngest girl was 12 days old when we took her for her 1st trip, on a Memorial Day week, (20 years ago and No electric at the time) she didn't like it then and would be OK to sell it.
Problem there is with owner financing you will have no title or bank trust till it is paid off completely. If the developer goes bust again you are sh-t out of your cash. They have put up a lot of SOLD signs in the windows of quite a few condos. The all went up overnight !!! That's the old method used to create some excitement and motivation. Mr. Big was well known for that .
The new owners are the people with the frozen fish sales store by the BK, don't think they'll be running out of frozen shrimp soon, Hope those sold signs are not FAKE NEWS.
It would be interesting if someone was to put together a detailed collection of the ripoff real estate horror stories that abound in and around Penasco, and the untold millions of dollars lost to "faithfull" Americans who "trusted" those dirty scoundrels. And the worst fact is that almost every scheme included a shifty American salesperson that always has a criminal past somewhere back in the USA. They almost always end up first in the Phoenix area, especially Scottsdale, where they set up a new life like a bunch of lurking vultures waiting for the fat old cow to be fed a line of crap and eventually drop dead and no recourse to get the losses back. Once they get run out of Arizona they end up in Rocky Point, San Carlos, San Felipe, Ensenada, etc. where they are safe and untouchable from USA courts and law enforcement.
Esmeralda... back from the dead? Have been hearing spots on KFYI all week for an outfit called IPX touting a huge investment opportunity in Rocky Point... "and with a cruise ship port nearing completion"... you don't want to miss out on this excellent investment opportunity!
I notice today in real estate ads that someone is coming in and finishing the condo out by Las Conchas. You can pick finishes. Not a bad price. We looked at those when they were starting them. It is good to see some action on n unfinished project.
Yep the forum group mind catches a whiff of realtor bullshit and goes to work.....I bet Rockypoint 360 and Rockypoint times have or will take the guys ad money..
Is this described below the marketer of Esmerelda ????
Accused equity stripper Daniel C. Butterfield has consented to revocation of his real estate license and the mortgage-originator license of Equistar Mortgage of St. Paul.
The order, signed July 22, was disclosed Monday by the Minnesota Department of Commerce, ending a case in which the department had accused Butterfield in a 21-count complaint. The department listed nine forms of misconduct including equity stripping, breach of fiduciary duty, incompetence, fraud, failing to provide disclosures to consumers and violating a department order to produce records.
Butterfield has been barred permanently from mortgage origination or servicing. …
I saw him at the Frog last weekend, sizing me up, checking out my sexy tan legs, long white hair, then made an attempt to ask me for a date.....until my wife came back to the table after a wee-wee, saw those two huge white boobs and had an instant mind change. He had on the standard issue thread bare Hawaiian shirt and a cheapo Barak-O-Bama knock-off panama hat on his balding sandy haired cabeza, whilst suckling on a stinking black knock-off Mexican "Cuban" cigar. He fed me a line of shit about "knowing all about me". My first reaction after that was where is a handy weapon just in case I have to put him out of his misery? They have some serious steel bar stools in that place with hardwood seats.
Those guys are like pathetic rotting zombies trying to do what they used to do when they were alive and frisky.
Is this described below the marketer of Esmerelda ????
Accused equity stripper Daniel C. Butterfield has consented to revocation of his real estate license and the mortgage-originator license of Equistar Mortgage of St. Paul.
The order, signed July 22, was disclosed Monday by the Minnesota Department of Commerce, ending a case in which the department had accused Butterfield in a 21-count complaint. The department listed nine forms of misconduct including equity stripping, breach of fiduciary duty, incompetence, fraud, failing to provide disclosures to consumers and violating a department order to produce records.
Butterfield has been barred permanently from mortgage origination or servicing. …
One and the same, Roberto, yes.
The radio ads here continue, now touting both Ducey's and the Governor of Sonora's support for the cruise ship project. Get in now before it's all gone!
Advertising like that ain't cheap. One has to wonder how much money he has sucked out of investors to keep this thing up and running.
The radio ads here continue, now touting both Ducey's and the Governor of Sonora's support for the cruise ship project. Get in now before it's all gone!
Advertising like that ain't cheap. One has to wonder how much money he has sucked out of investors to keep this thing up and running.
A classic Pyramid scam it isn't...sort of worse as I don't see anyone making any money on this thing...plus in may fall down and kill all the investors that got in on the ground floor.....
Is this described below the marketer of Esmerelda ????
Accused equity stripper Daniel C. Butterfield has consented to revocation of his real estate license and the mortgage-originator license of Equistar Mortgage of St. Paul.
The order, signed July 22, was disclosed Monday by the Minnesota Department of Commerce, ending a case in which the department had accused Butterfield in a 21-count complaint. The department listed nine forms of misconduct including equity stripping, breach of fiduciary duty, incompetence, fraud, failing to provide disclosures to consumers and violating a department order to produce records.
Butterfield has been barred permanently from mortgage origination or servicing. …
Roberto, In fairness to this guy, the revocation happened in 2004.
I'm sure he has changed his way and is legit now. :killin:
In addition to the home port, other projects include:
– Single Family Home subdivision in a newly built marina. (The marina I've been waiting my whole life to see? A hole in the sand that became a dirt racetrack for awhile?)
– Oceanfront beach club within a single family home subdivision. (Uh-huh, with cruise ship passengers trampling yer daisies!)
– Casino (The name is Bond, James Bond, and the location is Monte Carlo. This pipedream has been around fo-evah.)
– Basis School (Why? Is having a charter school important for a real estate investment? Duh on me, clueless.)
– Solar Panel Farm (No NIMBY concerns from the Oceanfront beach club homeowners about this in their little piece of paradise?)
– Secondary Airport (HAHAHAHAHA!!!! They cant even make the FIRST airport a real go, let alone a secondary one. And where in the hell is this supposed to be? OH!!! On the rocks they just poured out into the ocean.)
– Jack Nicklaus signature golf course (I'm not a golfer, but from what I've heard from those that are, playing golf in Rocky Point is pretty sucky. Something to do with having enough water and know how to keep the greens green.)
Roberto, In fairness to this guy, the revocation happened in 2004
I'm sure he has changed his way and is legit now. :killin:
Ok I've started running. ;)
Well certainly people can change. But personality characteristics, like sociopathy, are pretty fixed and difficult to change even when one desires to.
I'm wondering if he is a member of the exalted AMPI branch in Penasco. Prolly not they are all too honest, like the one that claims to be a member of the Arizona, Sonora Commission (Whatever that is ) and a Licensed Real Estate Broker when there is no such thing in Mexico.
Anyone know if JMP Realty is a member of AMPI? Cut from the same cloth and similar history.
Interesting that the list of 'Other projects' above resembles very much that of SBR' Anyone know is there is a relationship?
There must be some interested person living in Phoenix that would love to attend on the 21st and report. Maybe even video.
Pretty darn bold making aa claim of 15% return on investment. Surely that claim is of weak legality.
I'm tempted to go. I'd have to sedate myself or something. Otherwise, I'm sure I'd keep interrupting the presentation with uncontrollable fits of laughter!
I'm tempted to go. I'd have to sedate myself or something. Otherwise, I'm sure I'd keep interrupting the presentation with uncontrollable fits of laughter!
Tragedy tomorrow, Comedy tonight!!!!!!
You should definitely go. I'll donate $5 for gas !!!! And a 6 pack next time you visit !!! And a chicken from Lucas !!!
Who else will donate for this worthy cause ????
But I bet $5 you will not be admitted to such an important meeting for the 1%. There get in and go and you made $5. I think it would be a riot. An occasional snort of disbelief would be unavoidable.
But I bet $5 you will not be admitted to such an important meeting for the 1%. There get in and go and you made $5. I think it would be a riot. An occasional snort of disbelief would be unavoidable.
Ok I'm in.....Agua chile on me at La Curva or La Cinta...
Well certainly people can change. But personality characteristics, like sociopathy, are pretty fixed and difficult to change even when one desires to.
I'm wondering if he is a member of the exalted AMPI branch in Penasco. Prolly not they are all too honest, like the one that claims to be a member of the Arizona, Sonora Commission (Whatever that is ) and a Licensed Real Estate Broker when there is no such thing in Mexico.
Anyone know if JMP Realty is a member of AMPI? Cut from the same cloth and similar history.
Interesting that the list of 'Other projects' above resembles very much that of SBR' Anyone know is there is a relationship?
Ok let's hear it...their signs are all over Santo Tomas now....the guy claims Santo Tomas is a 45 minute drive from Puerto Penasco....that would be about 90 mph....the last 6 on dirt...the guy is selling the condo below my friends far superior penthouse for not much cheaper ( Wiley 9074578012) http://www.flexmls.com/share/vKFY/A202EstrellaLasDunasSantoTomas
Just to handle the blown out tires, bent wheels and broken axles.
I'm heading down this weekend to recover my Jeep Wrangler back to Yuma. Seems to have a major issue with the right rear axle leaking juice into the brake drum and slinging it all over the wheel well. That's due to five trips down and back on that 45 minute road trip this past winter and spring.
