My Favorite Commercial Real Estate Play Right Now
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.
By Ronan McMahon
RLE
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.
The Seagate Village is the latest phase at Rancho Santana. Here, lots are available from $35,000 and $65,000 builds you a little casita-style beach house. That’s right–$100,000 buys you a lot and little beach house in this high-end luxury resort.
History tells us that savvy investors make and build fortunes on overpriced fear. Today, you need to be cautious. You need to add more boxes to your list and double check that they are ticked. When these boxes are ticked, you know you’re on to a real winner. Rancho Santana’s Seagate Condos ticks my boxes.
The right pre-construction condo deal gets me excited. I look for units with the prospect for capital appreciation and strong rental yields. Units that will work as short- or long-term rentals…units that will appeal to holiday makers, out of town executives, young professionals, or retirees.
If you have reserved one or more units here expect to get final pricing and instructions on how to proceed tomorrow (Wednesday). Pay attention to the instructions. We will have 15 days to wire a deposit (1% of the purchase price) and a further 45 days to close. We will lose our units if we miss the deadline.
“The unprecedented transfer of wealth roughly from West to East now under way will continue for the foreseeable future…”
Take a look at some of the amazing discounts available to RETA members interested in Uruguay
I am heading back to Fortaleza on the earliest date my schedule permits: Jan. 15-18. And once again, I’m inviting a small group of Real Estate Trend Alert members to join me.
The first 16 members to e-mail Richard Parker at Aica0203@yahoo.com expressing their interest in Manta, Ecuador, will get a place on this private exploratory expedition.