Our little real estate group didn’t exist in March 2008…but if it did, one of my recommendations to you would have been to buy Phase One lots in Grand View Estates. This is a development on the Caribbean side of Costa Rica. This was an attractive deal and the price was right.
I told you last week about our good fortune with the Beach Class investment I first recommended to you last month. As I predicted, the developer raised his prices by 10% after we bought.
Although Fortaleza is a top domestic tourist destination within Brazil, it has largely been ignored by international tourists. In the next two to six years, that’s going to change dramatically.
I am heading back to Fortaleza on the earliest date my schedule permits: Oct. 15–19.
The economic growth in Brazil is strong. The domestic market for real estate is strong and growing. This means that when we invest in Brazil’s northeast coast, our investment isn’t dependent on foreigners or foreign money.
Greetings from Rancho Santana, Nicaragua. I’m joined here by 12 of your fellow members. As you know, I have been on the road for the last five weeks scouting opportunities in Berlin, Brazil, Panama…and now Nicaragua.
Four days ago, I alerted you to an opportunity in Fortaleza. This development, called Beach Class, is my top pre-construction pick in Brazil right now—a chance for you to buy units with less than $900 down…and a way to enjoy rental yields as high as 15% per year. I have reserved four units for myself.
I’m covering a lot of ground on your behalf. Tomorrow I travel to the capital city of one of the world’s economic power houses to chase rental yields…then straight to what I consider to be the best beachfront buy in the planet right now…and from there to scout a relatively undiscovered area in the country that topped International Living’s Global Retirement Index for five years running…and finally to one of my favorite beach retreats to sort through all the opportunities.
Along the southern Pacific coast of Nicaragua are rocky outcrops and pounding surf…the ocean views are magnificent…and the sunsets here are the best in the world.
Provisional Itinerary for the Real Estate Trend Alert Brazil Expedition