By Ronan McMahon
Fifteen months ago, members of our group had the opportunity to buy condos just seven minutes from the luxurious Puerto Banus, in southern Spain, with prices from €129,000. As I expected, they sold out fast.
Now the final batch of homes have just been released and prices start at €195,000 ($218,850).
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One market segment where we could gross big incomes by charging weekly rates of $3,000 or more, while getting strong occupancy, is the luxury home segment—a home in the right locale that can attract and accommodate a family.
Right now, I’m at the A-nah Tulum community on the southern edge of Mexico’s Riviera Maya. This is our last killer RETA deal buy here. I don’t expect to be telling you about A-nah Tulum again.
RETA members locked down condos in the Turquoise building here earlier this year. While our opportunity at the Turquoise building has passed, our opportunity within the Copala community hasn’t. Nor has our broader Cabo opportunity.
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Over the past 15 years, Panama City has been transformed from a sleepy regional outpost—known for little except its canal—to a thriving metropolis, a regional hub, and a powerhouse. It has changed beyond almost all recognition.
Last week, 500 of Fortaleza’s top-performing brokers gathered for a closed-door meeting to hear about a new master-planned community 90 minutes up the coast. It was a full house. That’s understandable when you consider this is the most ground-breaking project of its kind in close on a decade on this coast.
Tao is a best-in-class community with a rental market that is set to grow. Demand far exceeds supply. As I explained yesterday, this stretch of beach shows a chronic shortage of rentals right through the year. If an inexpensive condo, with strong rental potential, is what you are looking for then I have just the thing for two members.
Members of our little group get a 7% discount bringing our price down to $423,150. That buys you a three-bedroom, three-bathroom home with luxurious, high-end finishes and a rooftop terrace. Inside you have 1,615 square feet. Outside space totals 1,023 square feet.
