By Ronan McMahon
Diversification is one of the most powerful reasons you need to be invested in international real estate today. You don’t need me to tell you that in these turbulent times you need diversification from the dollar and financial markets–you need a safe haven. I’ve told you before about the French Leaseback Program, an opportunity that offers such diversification.
Last July I recommended a project in Brazil called Beach Class. Today, 80 units that were reserved by a European group have come back on the market.
There’s money to be made in real estate development along the north-east coast of Brazil. One of your fellow RETA members recognized this on our first scouting trip last year. On our most recent trip last month we visited the site and saw plans for his project called Sol Y Mar.
As we all know, there’s more to buying property than simply handing over the asking price–additional costs such as attorney fees, notary fees, and registration fees must be factored into the deal. When buying property overseas, things can get even more confusing…particularly if you’re not sure of what you should or should not be paying.
Last year I was joined by a small group of your fellow members for a scouting trip to Manta, Ecuador. This country has my attention because it offers some of the cheapest property values in the world today. For example, you can a buy high-end 1,000-square-foot condo on the beach for less than $100,000…or a comfortable mountain retreat for less than $50,000.
“The unprecedented transfer of wealth roughly from West to East now under way will continue for the foreseeable future…”
I am heading back to Fortaleza on the earliest date my schedule permits: Jan. 15-18. And once again, I’m inviting a small group of Real Estate Trend Alert members to join me.
You need to pay careful attention to this letter. As a member of Real Estate Trend Alert you have the opportunity to get in on an incredible pre-construction deal in the best location in Fortaleza (right in the heart of the boardwalk) at special members-only pricing and payment terms.