By Ronan McMahon
ARA
This morning I spoke with Colin Murphy. Based out of Madrid, Spain, Colin spends his time pouring over the books of banks cherry picking the best distressed opportunities in Europe’s major markets. We discussed 3 deals in particular–this is a recording of our conversation.
In March I told you about an exciting opportunity in the Gran Bahia Principe Resort on Mexico’s Riviera Maya. Today, I’m passing on an all-expenses-paid invite to visit the property for a weekend. This is the same invitation I personally received when developer Benjamin Beja first offered to show me the development. In other words, most visitors won’t receive this level of attention.
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I’m in Brazil with 20 of your fellow members. As usual, places on our scouting trip went fast. I’ll send you a full briefing of what we find when I get back to the office. But meantime, there’s a way you can “ride along” with us…
Crisis investing means buying when everyone else wants or needs out. At an aggregate level, markets overreact and overshoot both on the up and downside. Assets become mispriced. Mispriced assets = profit opportunity.
True rental guarantees–that accurately reflect the market–are rare. So rare, that I think of them as a unique type of program for savvy investors–it’s a type of resort rental, but I call them “Gilt Resort Programs” because of the guaranteed fixed payments. I know of a few programs like this in France…and one in Mexico, which is the opportunity I’m writing to you about today.
As you know, the short-term rental market in Fortaleza, Brazil is growing at an astonishing pace. Recommendations I’ve made to you that take advantage of this trend include the developments at Beach Class Colonial and Landscape. (The units at both these development are sold out, but some previously reserved units at Beach Class have come back on the market)
Diversification is one of the most powerful reasons you need to be invested in international real estate today. You don’t need me to tell you that in these turbulent times you need diversification from the dollar and financial markets–you need a safe haven. I’ve told you before about the French Leaseback Program, an opportunity that offers such diversification.
Last July I recommended a project in Brazil called Beach Class. Today, 80 units that were reserved by a European group have come back on the market.
I’ve been working on a big project over the past seven months–a Global Real Estate Investing course. It retails for $249…but you can use it free of charge.
