In 24 hours, Ipanema opens to RETA members. And I’m buying.

I’ve chosen my condo at a RETA-only $473,000. Yesterday I sent a short video explaining why. Watch it here.

The planned amenities are unlike anything else in the city. Unlike any previous RETA deal anywhere. There’s a 50-meter lap pool, a separate pool for the kids, and a bistro and bar. There are tennis and pickleball courts, a state-of-the-art gym, and enclosed lounges. Beyond them is a waterfront park, with a white-sand beach in front of it for relaxing and sunbathing. A golf simulator, a pet salon…

It’s a weekend destination every day of the week.

Ipanema will be three sail-shaped towers billowing out into the bay on the last prime waterfront land in Panama City. This will be a landmark, another symbol of Panama’s emergence as a major global hub of trade and finance. (Renders shouldn’t be considered final.)

• We have luxurious two-bed condos from just $375,912.I figure these condos will be worth $600,000 five years after delivery and easily rent for $3,000 a month long term.
• That’s a gain of $224,088 and a gross yield approaching 10% renting long term.
• You also have a choice of premium aspect condos at an incredible RETA-only price of $420,619. These condos will be ideal for savoring the city lights reflecting on the bay. I expect they will be worth $671,000 five years after delivery.
• Finally, we’ve stunning penthouses available to us at from $604,154, over 1,200 square feet of luxury including breathtaking terrace.

With just 24 hours to go to deal open, today I want to share the experience of a fellow RETA member. He has bought in Panama and dealt directly with Alfredo and his team at GLP.

His name is Daniel Dusch. He’s a father of four, and he has now bought twice with RETA in Panama. I’ll let him tell it in his own words.

Wishing you good real estate investing,

“People Told Me I Was Crazy. Now I’ve Bought Twice.”

By Daniel Dusch, RETA member

I kind of stumbled into this. I wasn’t actively looking for international real estate. I was a Paradigm Press subscriber, and I had an offer to upgrade and get access to everything they publish. RETA happened to be one of those.

It wasn’t until I got an issue saying I could own on the Costa del Sol for a certain amount that it got my attention. I thought to myself, hey, I could do this. We’d always wanted to go to Spain. I started digging into what RETA was, and I got even more excited about it.

Honestly, it almost seemed too good to be true. I felt that way until I actually went to Panama and checked these places out.

Ronan has mentioned in his deal briefings that a lot of people told him he was crazy. I got a lot of that too when I started telling people what I was doing. I had a lot of what my wife calls the FUD… fear, uncertainty, and doubt about what I was getting myself into.

It wasn’t one single thing that flipped the switch. It was a few things that chipped away at it.

First, my lawyer reviewed the contract. He said there were no red flags. It was very professionally written, easy to follow and understand. There was nothing hidden in there I needed to worry about.

But I really got over the hump when my wife and I went to The Gathering this past March. We took a tour of Playa Caracol, and Alfredo made himself available for a Q&A with the people on the tour. He said something that has stuck with me. He knows he’s done it right when he sees kids running around, smiling and laughing and having fun.

I have four kids. That resonated with me so strongly. It was at that moment I knew we’d found the right place for us.

After I bought, there were no surprises. Everything is laid out: what’s going to happen, and when. The only thing I wasn’t expecting was that GLP had to do a little extra due diligence for know-your-customer requirements, which is what their government requires. They’ve been responsive, they’ve been prompt when I have questions, and they’ve been helpful throughout the whole process.

I’m moving forward with little to no concerns or stressors.

If you’re reading this and you’re interested but haven’t pulled the trigger, here’s what I’d say: be picky and be patient. Something is going to come along that suits what you’re looking for.

That’s what I did at Playa Caracol. I knew what I wanted, and everyone else beat me to it. I was put on a waitlist. A couple of weeks later I got a call, and what I wanted had become available.

And use the Concierge team. I didn’t think I needed it at first. I’m glad I finally did. They’re not trying to sell you something. They’re just there to help.

RONAN SAYS:

A few things stand out to me in Daniel’s story.

The first is that he checked everything for himself: the contract, the developer, the process. That’s exactly what I want every member to do.

The second is who he checked. The developer Daniel trusted is the developer building Ipanema. Alfredo Aleman.

Now notice what happened with Daniel’s deal…

Daniel knew what he wanted, and it was gone before he got to it. Tomorrow, you want to be ready.

Here’s what to do before 1 p.m. ET tomorrow, Wednesday, September 30.

• Read the full Ipanema Deal Briefing. It covers everything you need.
• Then watch the replay of my Briefing Room with Alfredo. You’ll hear the story of the land and the vision for the towers, and you’ll see Alfredo answer members’ questions directly.

Know which condo you want before the deal opens, and have a backup in mind.

As a reminder, here’s what’s on offer.

• We have luxurious two-bed condos from just $375,912.I figure these condos will be worth $600,000 five years after delivery and easily rent for $3,000 a month long term. That’s a gain of $224,088 and a gross yield approaching 10% renting long term.
• You also have a choice of premium aspect condos at an incredible RETA-only price of $420,619. These condos will be ideal for savoring the city lights reflecting on the bay. I expect they will be worth $671,000 five years after delivery.
• Finally, we’ve stunning penthouses available to us at from $604,154, over 1,200 square feet of luxury including breathtaking terrace.

Personally, as I explained yesterday, I’m going for a condo at a RETA-only $473,000.

1 p.m. ET tomorrow. Deal opens. Be ready.

Take one last tour of Ipanema before our deal opens tomorrow at 1 p.m. ET.