Purchasing a Condo for an Investment:

If you are considering a condo in one of the new Baja real estate developments lining the coast from Rosarito to Ensenada, here are a few suggestions: 

	Research the history of the developer to determine what else the company has built.
	Ask questions about the quality of the construction.
	Look for developments that have attractive amenities including a pool, gym, spa, putting green, restaurants, and plenty of recreation area
	Ask to see the CC&R’s so you know what kind of restrictions the management has on renting your unit.
	Ask the developer if they will provide a furniture package
	Make sure your condo rental will be handled by a professional property management and that they will be marketing the property to optimize your rental return.
	Find out what kind of accounting you will receive on the income.
	Ask to contact someone who renting their unit now.
	Ask the developer to give you an investment return estimate.
	Ensure you get independent legal advice.

Be sure to have all of these issues noted in your contract to purchase. Many of the developers will promise you a high return for your unit, but if they are continually building condos in the same area and promising everyone the same return, you would have to ask yourself, "Where will they be getting the tenants from?" 

If you are planning to buy a condo with the idea of selling it for a profit, remember that few properties appreciate much within the period of construction and if the developer is building nearby there will be similar property for sale at a lower price.  

Make cautious decisions but if you are dealing with a developer with experience and the property has title insurance and U.S. Escrow, the chances are you will see your investment safely grow.