Do you ever wish you could find a cool little beach town before it gets discovered and invest in land while the prices are still low? You aren’t alone. Global investors are constantly searching the planet for that kind of opportunity. But you know what? They missed a spot. It’s a little town of 1,000 full-time residents, and it’s called Barra del Chuy, in Uruguay.
A great view usually translates into a premium price tag. But you can afford a home with stunning vistas if know the right place to look. For example, I know of one Pacific coast town where a beachfront condo with Californian-style ocean views and a similar lifestyle will only set you back $119,000. You’d need at least three times that to get close to the beach in California.
Would you love a life on the water? If you spend your weekends fishing, surfing, diving, sailing, or kayaking, have you ever come home wishing it could be like that all the time? Maybe it could. You could wear a wetsuit to work, use your boat as an office, and spend your days showing vacationers your favorite reefs or rapids.
As a busy carpenter and contractor in his native Canada, Steve Quinn, 52, relished his regular trips to Costa Rica with his wife, Lisa, to relax and unwind on the beach. After six years of short visits, he decided to make this beach lifestyle permanent. He took over a beach bar and restaurant in Tamarindo, a funky surf town on the country’s northern Pacific coast. He’s leasing the property for three years, with an option to buy, which is a great way to test the waters without committing to purchasing property right off the bat.