By Ronan McMahon
Real Estate Trend Alert Lifetime
I recently spent some time with IL’s Suzan Haskins and her husband (and IL Publisher) Dan Prescher. They were just back from Ecuador. I was so impressed with their reports about a mountain town they visited that I did something I almost never do.
James from Brazil Land Consult took some video on our last scouting trip to Fortaleza. Check it out on YouTube. You can see us at the Beach Class site 40 seconds into the video.
Our little real estate group didn’t exist in March 2008…but if it did, one of my recommendations to you would have been to buy Phase One lots in Grand View Estates. This is a development on the Caribbean side of Costa Rica. This was an attractive deal and the price was right.
I told you last week about our good fortune with the Beach Class investment I first recommended to you last month. As I predicted, the developer raised his prices by 10% after we bought.
Although Fortaleza is a top domestic tourist destination within Brazil, it has largely been ignored by international tourists. In the next two to six years, that’s going to change dramatically.
I am heading back to Fortaleza on the earliest date my schedule permits: Oct. 15–19.
The economic growth in Brazil is strong. The domestic market for real estate is strong and growing. This means that when we invest in Brazil’s northeast coast, our investment isn’t dependent on foreigners or foreign money.
Greetings from Rancho Santana, Nicaragua. I’m joined here by 12 of your fellow members. As you know, I have been on the road for the last five weeks scouting opportunities in Berlin, Brazil, Panama…and now Nicaragua.
Four days ago, I alerted you to an opportunity in Fortaleza. This development, called Beach Class, is my top pre-construction pick in Brazil right now—a chance for you to buy units with less than $900 down…and a way to enjoy rental yields as high as 15% per year. I have reserved four units for myself.
Ronan McMahon gives the lowdown on the most profitable, global real estate currently available.
