Thursday, February 4, 2021
Dear Your Overseas Dream Home Reader,
Today’s the day…
At 1 p.m. ET, I’m opening an incredible deal to members of Real Estate Trend Alert.
It’s an opportunity to own luxury two-bed condos in a next-level master-planned community, and just a three-minute golf cart ride from the nicest beach in Playa del Carmen.
Corasol is a community where homes list for $300,000…$400,000…all the way up to $4 million.
The amenities, the space, the lush tropical vegetation, and proximity to downtown Playa all reflect those prices…
Yet, we’re getting in at a RETA-only price from just $192,800.
I figure three years after delivery these condos will be worth $300,000. And with the red-hot year-round rental pool in Playa, I reckon you can gross annual rental yields of $24,000—a gross yield of 12.44%.
My favorite aspect of this deal is the beach. This is a desert-island type beach that few folks know about, sheltered just beyond a rocky point from a booming international city.
It’s the best kept secret in town. Few of the millions of people who vacation in Playa every year know about it. But those seeking true island-like tranquility know exactly where to look…
|
|
When you own in Corasol, this is your secret beach. This is where you come to take your morning dips…bask in the rippling Caribbean waters…and enjoy the sensation of the soft, crushed-coral sand pressed beneath your feet.
You can easily spend the day here. Take your laptop to the Corasol Beach Club, catch up on email, enjoy a cold drink and a sea breeze…
Relax with friends over a peaceful and delicious lunch…grilled shrimp, tuna tacos, fresh ceviche…a perfectly cooked hamburger…
A popular blogger who recently visited over 10 beach clubs in Playa, called Corasol her personal favorite:
“This holds my title of the best beach club in Playa del Carmen. Mostly because it’s a bit further out, away from the center, where the beach is much nicer. It’s also reasonably priced and it has a pool.”
|
|
I wholeheartedly agree…
Playa del Carmen is an incredibly popular town. Millions of visitors pour in from all over the globe. They come for the tropical weather, white-sand beaches, magical cenote adventures, shopping, dining, incredible nightlife…
It’s buzzing all year round, but so too are its beaches…
The beach at Corasol remains the outlier. It’s just close enough to downtown that you reap all the benefits of being within walking distance of an exciting international city—with the hundreds of trendy restaurant and bars, big-box stores…you can even catch a show at Cirque de Soleil.
But it’s just far enough away that it remains a pristine haven of tranquillity. Perfect white sands lapped by the turquoise Caribbean and fringed with gently swaying palms. A place to escape the crowds, relax, and re-energise…
And because it sits right on master-planned Corasol, it will always remain a protected oasis, even as Playa continues to grow.
Check out the beach and beach club for yourself in this video…
|
|
The beach and club house are just a short walk—or a three-minute golf-cart ride—from the Sunrise community within Corasol where RETA members have this opportunity today at 1 p.m. ET.
For the days you just want to be pampered and do nothing, you also have a spa at Sunrise and the option of Corasol’s luxury hotels.
Plans call for three pools at Sunrise amid two acres of gardens. You can work out in a state-of-the-art gym, relax in the community’s spa, hit the tennis or basketball courts…there are plans for dedicated yoga and meditation space and co-working space too. Catering to the new tidal wave of “work-from-anywhere” folks is an important part of the developer and architect’s vision for Sunrise.
Plus, our condos sit amid the fairways of an immaculately manicured and world-class Nick Price golf course.
For all this our price is insanely good. We are getting in at ground-floor prices in a top-tier community. Our RETA-only price is from just $192,800 for a stunning two-bed condo of nearly 1,100 square feet (889 internal and a particularly generous terrace of nearly 194 square feet).
Like I say, I figure three years after delivery these condos will be worth $300,000.
Plus, with your high-end condo in Corasol I reckon you can gross annual rental yields of $24,000…if you choose to rent it.
This is just a spectacular deal…and it opens today at 1 p.m. ET.
If you’re not RETA a member, there’s still time to be a part of it. But you need to act fast. Sign up here now and I’ll send you my full report, plus contact details for our RETA concierge who can walk you through the process of acting on a deal launch.
Wishing you good real estate investing,
|
|
Ronan McMahon, Real Estate Trend Alert
Like what you’re reading?
Send your thoughts to feedback@realestatetrendalert.com. I’ll post and respond to as many of your emails as I can right here in the e-letter. Find out more about our feedback policy here.
Your Comments and QuestionsRich says: Good morning, Ronan. I am torn between the two options of Cabo or Playa. I prefer the Cabo weather, but without further information, the Playa opportunity sounds too good to pass up. Can you provide any additional details on the upcoming Cabo opportunity? Any chance it’s part of Quivira? I visited the condos overlooking Land’s End, very nice. Ronan’s response: Hi Rich, It’s not in Quivira (Pacific side). It’s on the other side of Cabo San Lucas, just outside town and overlooking the Sea of Cortez. I expect to be able to share final details and open reservations the last week of February. Playa is a stellar deal. I expect the Cabo one will be too. But, the Cabo details not 100% final yet. Suzanne says: Hi Ronan. My husband and I are considering buying a property that we would use during our cold Canadian winter months and rent out the rest of the time. We’re in our mid 60s and live off our investments. The idea of borrowing and leveraging to buy makes perfect sense to us. We’d be unable to do it otherwise. But will foreign banks lend us money at our age? We’re thinking Portugal, France, Italy, and/or Mexico. We like the idea of buying in a managed community where rental and maintenance can be taken care of. I loved Playa del Carmen when I discovered it in the late ‘70s, early ‘80s but I haven’t returned to see what it’s now become. We love quiet, nature, culture (classical music, theatre, art), yoga, hiking and not too hot, so this location would be mostly only for investment. Your upcoming deal is tempting for investment purposes as I can see that it would be relatively easy to have it rented out year-round. The only issue is I hear it’s become a real party town. Will rental management see to it that properties aren’t destroyed by party goers? You mention that certain RETA deals offer developer financing. Isn’t it true though that $10K gets paid upfront, another 30% a few months later and finally the whole amount must be paid up by delivery date sometimes only a year after signing the contract. This to me is almost the same as paying cash, don’t you think? What do you think of the idea of borrowing off our paid-up house in Canada instead? Thanks for all the valuable information you offer. Ronan’s response: Hi Suzanne. First, let me address your question about developer financing. Developer finance is, as the name suggests, where a developer finances a piece of the real estate you buy from him—he’s the bank. This is something I negotiate especially for RETA members. It’s especially useful in Latin American countries where it’s difficult for foreigners to get a mortgage. In the case of the Playa deal, here’s how it works: You can own from just $960 a month with a manageable down-payment and some balloons along the way. Normally someone gets 24 to 30 months to pay off their condo. But because you’re a RETA member, you’ll get over seven years. Here’s the breakdown:
In relation to managing a rental, the rental managers will operate whatever policy you give them. Partiers are more likely to want to stay in the thick of the bars and the clubs. Corosol is lower risk as it’s more than a few minutes stumble home. If you don’t want to rent to partiers, my recommendation is to only rent to couples or families. And, maybe have a minimum stay of a week. Parties tend to be groups of young people who share a condo. Generally, buildings strictly enforce noise rules, even in the party zones. Connect with Ronan on Instagram |
