Yesterday, I told you how my contact on the ground in the Sirenis community, Will, is on track to gross $30,000 in short-term rental income. And, how you could target the same by locking down one of a small handful of condos.
Spring arrived in Ireland this week. Last Thursday evening as my day wound down, my gaze was transfixed by the green behind the double doors that led out onto my patio.
Here...over here!” My contact shone the flashlight of his camera phone at a gap in the fence behind a faded billboard. He squeezed through. I hauled my six-foot-two frame after him. We left behind the wide, tree-lined boulevard. Luxury SUVs passed by, their drivers unaware of our presence beyond the fence. Or what the future of this Playa del Carmen neighborhood holds...
International real estate expert Ronan McMahon has been scouting and investing in real estate for close to two decades now. And he’s distilled all that hard-won knowledge and years of fine-tuning his investment strategies into a new 200-page book called Ronan McMahon’s Profit Principle: An Insider’s Guide to Doubling Your Money in Real Estate Overseas. In it, Ronan lays out his formula for spotting the best real estate opportunities around the world and reveals the strategies and techniques he’s personally taking with his own money. He also talks about why he believes investing in real estate overseas right now—bought the right way, in the right markets—can be the ultimate insurance protection against a downturn and against changes to the dollar...shows you how to distinguish a worthwhile profit play from one you should walk past, fast…introduces you to seven overlooked markets around the world today which are—when played the right way—ripe for profits…and much more.
I’m planning my next trip to dreamy Las Terrenas. For the past five years my recommendation for the best way to play this market is to buy an unloved resale in the heart of town and to add value by freshening it up.
“I’d love you to visit,” my contact said. “But please, not at this time of year. Can you leave it a few months? I might be able to find a place for you in late March. But anything before then just won’t work.
Cabo del Mar, where our best ever Cabo opportunity is, is already a living and breathing community. Within Cabo del Mar is La Joya, where we can lock down two-bedroom, two-bathroom condos for $143,900.
Just over two years ago, we had our first Cabo opportunity. Back then, we could buy large luxurious “Turquoise” condos at Copala at pre-release prices from $336,000.
“Airbnb is 86% full for Cabo San Lucas next weekend. The few condos still available look sub-standard or have poor reviews. Not much competition for our latest Cabo opportunity, La Joya.”
Last week I told you about what I consider to be our strongest Cabo opportunity yet. We could buy a two-bedroom, two-bathroom condo of close to 1,000 square feet in La Joya for $143,900.