RETA

Real Estate Trend Alert

By Ronan McMahon

How to Due Diligence Any Farmland Package Deal

A lot of farmland and agri-deal pitches cross my desk. The pitch is always the same: This will make you rich. The opportunity is usually presented as ready-to-go. You won’t have to worry about finding or assessing the land or selling the agricultural product. In fact, you won’t have to do much other than put some money up and wait for the returns to start rolling in.

But the reality of these deals is very different. Most of the time, the numbers just don’t stack up. If you’re thinking of investing in agricultural land, it’s important that you can sort the wheat from the chaff. You do that by asking the right questions.

April 2017: The Last Great Spain Crisis Opportunity Could Hand Us the Biggest Profit

It was 2009 and as Spain’s economy had cratered and unemployment soared, the real estate market stalled. One wealthy Russian thought he could buck the trend. He had one of the best combinations of location and spectacular views on the Costa del Sol…and deep pockets. The homes were built…but never sold. And this has created one of the strongest Costa del Sol opportunities I have ever brought to RETA.