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Re: Montecristo Villa 12 (by Mark G.):

elizabeth194 wrote:

We are in the process of purchasing Villa #51 due for completion in 2008. We are buying the entire month of March. Would like to know your feelings on ownership at the Montecristo, as we are curious about renting it, especially without the golf course being completed. Would appreciate any feedback - plusses and minuses. Elizabeth

Good luck trying to rent out these villas. Too much inventory available and the RE Agents who rent properties in Cabo only take certain weeks in the year. We own last 2 weeks of May every year and are going on our third year of ownership with no rental possibilites and have not enjoyed any rental income to speak of. I am currenty trying to rent our unit # 11 at $386 per nite on RedWeek- THE LOWEST RENT AMOUNT TO ALL OTHER ADS, and NOT ONE INQUIRY IN OVER 4 MONTHS. Sorry to burst your bubble , but the selling agents at Pueblo Bonito gave us a lot of "hype" and untruths on how easy we could rent our villa for $1500 per nite. It's nothing but a "pipe dream" . So be prepared to not be able to rent your unit for a long time --at least until all amenites are in and established. Our best advice is just to enjoy the time you spend with love ones here. It's a wonderful property , but a terrible rental income investment. And that's the truth! Our villa is on the highest peak ---top row, best view and NO RENTAL ACTION AT ALL.

Mark & Marilyn, Villa #11