By Ronan McMahon
AFR
Right now, we have an opportunity in Leon that will allow us to tap into this Northern Nicaragua story I’ve been telling you about. A new and emerging middle class is among the most powerful drivers of profit opportunities I know. We’ve seen the middle-class opportunity play out in Fortaleza, in Medellin, and again in Cabo, Mexico in 2015. Now, we have a chance to do the same again in Leon, Nicaragua.
I’ve just taken possession of my two-bedroom townhome that I bought on the Riviera Maya. My plan is to rent it out. To do that, I had to furnish and equip it…and pay careful attention to how much I spent. I went through this process the week before last. And, I’d like to share an angle I figured out.
Our opportunity at Luxe opened on Saturday where members of our little group had the chance to lock down a Riviera Suite from only $135,000.
Over the last few days you’ve heard about our brand-new opportunity at Luxe on Mexico’s Riviera Maya. Today, I’d like to extend a members-only invitation for you to visit and see our opportunity at Luxe firsthand. The developer will pick up the tab for your visit. This FREE trip is a special perk of your Real Estate Trend Alert membership. Grab your spot here.
Our opportunity at Luxe is now open. Members of our little group have the chance to lock down a Riviera Suite from only $135,000. (The first five members to act can take a further $5,000 off that price, bringing to $130,000.) As a Real Estate Trend Alert member, you can avail of developer finance at a low rate of 5%. (Locals pay 12% or more for their bank mortgages here in Mexico.) And, you can spread your down payment out over the construction period with manageable payments.
Our latest opportunity in the A-nah Village community opens tomorrow. In Luxe at Village, five members can lock down a one-bedroom (plus a den that converts to a second bedroom) Riviera Suite with members-only pricing from $130,000. Every piece of furniture you need to move in or rent is included. You can avail of developer finance, and buy with a manageable down payment and monthly payments of only $490.
Strictly speaking, it’s low season on this strip of coast right now. Peak winter season has passed, along with Easter. But it’s still full. At 2.15pm yesterday, I drove by the Hartwood restaurant. A line was already winding its way along the road outside its doors. East Coast hipsters stood waiting in retro hats and intentionally mismatched bikinis. They only had another 3 hours and 45 minutes to wait before the restaurant opened.
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.
If you want to get in on the Costa del Sol’s undervalued real estate, this is your moment to act. The window here is set to close. Members who have acted have done well. Right now we have two strong opportunities to buy at deeply distressed prices. Both opportunities happen to be in golf communities. That’s a nice perk whether you care for golf or not—golf is big business on the Costa del Sol.
I’ve played golf on some of the best courses in the world. And I’d put the course surrounding our latest opportunity in Spain on my list of top courses. What I found was luxury, standout condos priced at €230,000 ($259,500)… Also in your latest Special Edition, get all you need to know to make sure your rental property is set up to earn bigger rental yields right here.
