By Ronan McMahon
ARA
Tourism in Cabo is on a tear…and we can make some serious money…as much as $40,000 a year in rental income…on a condo we can buy at a members-only price of $259,800. That’s a 15.4% rental yield. That’s double what you’d make in most major U.S. cities if you bought right now.
I’m on the road for as much as half the year. My beat is Europe, Asia, Central and South America—anywhere that promises real estate profits. My scouting trips have taken me to some of the world’s most beautiful cities. And to some spots I’d happily never visit again.
Great to chat to you again. I’m talking to you from Ireland for your June 2018 Notes From the Field podcast (your monthly podcast that gives you insight on my latest travels)…but Ireland isn’t where my focus is.
Welcome back to another edition of your Month in Review. This is the monthly round-up I put together to remind you of what’s been happening for our little group, how our deals are performing, and anything else I think you need to catch up on.
Northern Nicaragua is what I consider the last great frontier opportunity in Central America, but tourism and development are coming fast. This could be the last chance for savvy investors to make big gains.
I wrote yesterday about the Path of Progress that’s barreling along the coast towards the province of Rocha in Uruguay.
Our Rocha deal is now open. We can buy best-in-class lots in La Serena Golf from only $29,783. I expect that these lots could be worth $65,000 in four years’ time. You’re doubling your money by buying ahead of the Path of Progress.
One of the best ways to make money in real estate is by following this one simple indicator…
It’s called the Path of Progress.
A long-term contact of mine moved to Uruguay some years ago after living in Latin America for almost a decade. Uruguay, he told me, was different in many ways to other Latin countries. To illustrate his point, he told me about his first experience with the police in Uruguay.
The sky is blue… the ocean a darker shade of sapphire. Waves roll up and break on the soft cream-colored sand. Farther back, I can see big sand dunes. In the village close by, some of the homes are covered in clapboard. Others are large, spacious and modern with sleek minimalist design. Their owners are drifting into the restaurant for a late lunch.
