By Ronan McMahon
Round Table
Our strongest Playa del Carmen opportunity yet is now open. We can lock down one of 24 condos, handpicked by me, for $193,800 in the Zona Dorada. And the first five RETA members to act and reserve their condo get to deduct $5,000 from their purchase price.
The Gallery is a condo development on a noisy, busy artery leading into Playa del Carmen. It’s central and close to the action but it gets lots of road traffic. There, you’ll pay $346 per square foot for a condo.
These rental figures will blow you away…$53,000…$41,000…$48,000…$57,000. These are gross figures for a year. Playa del Carmen is one of the best short-term rental locales on my beat.
In my 13-plus years scouting Playa del Carmen’s real estate market I’ve only made two recommendations. Four years ago, I recommended condos in A-nah Playa.
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Our Siempre Playa opportunity is open. I think it’s our best Playa opportunity yet. Buyers at Siempre Playa are set to make a killing. Just like buyers at A-nah Playa who have seen values rise from $136,500 to $210,000 and who could be grossing $24,000 a year in income.
In the coming weeks, we’ll be able to lock down full-ownership of a luxury condo here in Cabo for just $226,200 thanks to a very particular set of circumstances. I’ll explain more in the May Issue of RETA…
We stopped to watch giant oxen pull wood from the forest. When it comes time to plough, it will be these oxen that drag the machinery under the gaze of a single man who directs their movements with a stick.
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.
