By Ronan McMahon
AFR
On Thursday, I wrote about our seven discounted condos in Playa Caracol, Panama. We could buy a brand-new, finished condo next to the sand with three bedrooms and bathrooms from $399,800. That’s our members-only price. The list price on that condo is $509,885: $110,085 more. You’re locking in capital gains from the outset. And, there’s more to come. I figure these condos could be worth $700,000 in five years’ time.
I wrote yesterday about an amazing deal on Panama’s Pacific coast. It’s a once-in-a-lifetime deal…with the kind of discounts I don’t expect we’ll see again in this desirable locale.
I’ve just signed off on a deal that I couldn’t wait to tell you about. So, I’ve interrupted our regular schedule…cleared the decks…to give this deal the space it deserves.
Sometimes my scouting trips turn into magical mystery tours—where taking a side road or an unmarked turnoff leads to some amazing finds.
That’s what happened on a scouting trip on Panama’s Pacific coast back in 2007
With rugged cliffs and vast swathes of beach, Portugal’s northern Atlantic coast is stunning, but you don’t expect to find a tiny old chapel surviving right on the ocean’s edge.
“The early morning has gold in its mouth.” I hear Benjamin Franklin translated that from a German proverb. It’s apt. When I’m on the road, I rise early. It’s when I speak to my contacts across the world, get updates on our opportunities and hear about new ones..
I’m writing to you from the town of Carvoeiro. It’s one of Portugal’s pretty resort towns, a place with a long history and a booming tourist trade.
All 120 seats for The Gathering IV have been claimed, but there is a small chance you could still attend, and that’s if someone who’s already reserved a seat has to drop out.
I love a good fire-sale hunt.
My bag is packed. My scouting itinerary set. In three days I’ll be coasting the roads of Portugal’s Algarve exploring our opportunities.
This is prime bank fire-sale territory. Yet less than 1% of Portugal bank fire-sales cut muster for us.
Yesterday, on page five of your August issue, I told you how you could buy a condo in a 16th-century former convent in Portugal with someone else’s money.
