By Ronan McMahon
Real Estate Trend Alert Lifetime
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.
Almost a year to the day since my first scouting trip to Fortaleza, Brazil I’ll be back this April (15th-18th). This will be my fifth trip in 12 months. The opportunities are that good. I have space for 20 of you to join me. Once these 20 spaces are gone, they’re gone–groups any bigger than 20 are just too big for this type of scouting trip.
There’s money to be made in real estate development along the north-east coast of Brazil. One of your fellow RETA members recognized this on our first scouting trip last year. On our most recent trip last month we visited the site and saw plans for his project called Sol Y Mar.
As we all know, there’s more to buying property than simply handing over the asking price–additional costs such as attorney fees, notary fees, and registration fees must be factored into the deal. When buying property overseas, things can get even more confusing…particularly if you’re not sure of what you should or should not be paying.
Last year I was joined by a small group of your fellow members for a scouting trip to Manta, Ecuador. This country has my attention because it offers some of the cheapest property values in the world today. For example, you can a buy high-end 1,000-square-foot condo on the beach for less than $100,000…or a comfortable mountain retreat for less than $50,000.
At close of business Wednesday these office units will be handed back to the developer who will sell them to his own clients. Find out more…
There is a chronic shortage of quality office space in Fortaleza, which I noted on my first trip to Brazil last year. Finally, I’ve found a deal where we can profit from this shortage.