By Ronan McMahon
Northern Nicaragua’s colonial city of Leon is on the up. It’s a fast-growing tourism destination. You can profit by owning the home that the new upper-middle class will want to rent or buy from you. Or, owning the land that future retail, commercial, or residential development will be built on.
One member of our little group has the opportunity to lock down a luxurious Cabo condo for $274,364. Steps away, the local retail market pays up to $450,000. In December 2014, I first brought you details of one of the strongest luxury deals to ever cross my desk—a chance to own a condo at the Turquoise community in Cabo.
Greetings from Cancun airport. I’m just about to hop on my flight to New Orleans for International Living’s Fast Track Your Retirement Overseas conference kicks off. Before I jump on a plane, though, there’s an opportunity that just crossed my desk that I need to tell you about.
As a member of our little group, you will know that I consider Northern Nicaragua to be the best frontier opportunity on my beat now. I’m writing to you today to draw attention to a standout deal from my full report but only one member can act.
Here on the Costa del Sol, there are almost no visible signs left of the crisis. Empty retail units have been filled with trendy new stores and restaurants. Shiny new preconstruction is starting back right along the Costa del Sol with prices from the mid-€300,000s ($335,000) and up. There’s an opportunity for one member to act right now.
The best play right now in Arenal, Costa Rica is to take something unloved, but with potential, and to add value through clever thinking, a few bucks, or some elbow grease, to create a new use for an underappreciated property.
That’s the sort of opportunity I got word of when I was in Costa Rica a few weeks ago—a guesthouse that could be a nice little earner for an investor with time to spend on a project.
I told you yesterday about the Path of Progress that’s steadily rolling along Nicaragua’s southern Pacific coast. More people are coming here to live or for vacation, and a regional middle class is emerging. Property prices are on the up. And today I’m telling you about a great members-only deal I’ve found in Rancho Santana that just can’t wait. It’s a steal.
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Yesterday I told you how you can put boots on the ground in Northern Nicaragua and take advantage of this stunning and misunderstood location. And while researching and planning my own scouting trip to Northern Nicaragua early next year, I came across one standout opportunity that I wanted to tell you about.
I’ve just got word from Nicaragua contact Jordan Clark about a special hot-off-the-presses opportunity right in the heart of my favorite locale in Northern Nicaragua.
