On Saturday I arrived back to my base in sunny Cabo, on Mexico’s Pacific.
Aside from the rare cloudy morning, the weather here right now is just perfect for me. Not too hot and not too cold. No heating or air conditioning necessary. No sweating or shivering.
It reminds me of just how spoiled I’ve become…
Sitting on the sand, watching whales frolic in the azure blue sea, I have little to complain about. Life here in Cabo really is ideal.
It has everything I want from a part-time base: good weather all the time. I like being close to the ocean. Having great options for golf. And having a vibrant town with good food and reasonable services is a big plus.
I don’t like hassle or excessive travel, which in my line of work is a big deal. So I need to be fairly close to an international airport.
Most importantly, I want a part-time base that can deliver strong rental income when I’m not using it. Which is exactly what I have with my Copala condo in the 5-star Quivira resort.
A neighbor with the same condo type as mine is currently renting to a six-month tenant for $2,700 a month. It’s great being able to make this kind of rental, long-term from blue chip real estate. And Cabo is very much blue chip.
Not to mention that this kind of rental income comes on top of six-figure gains in the deals that I’ve brought to RETA in Cabo.
For instance…
- I bought my condo in Copala in the 5-start Quivira resort back in 2015 where our RETA-only price was in the region of $330,000. Today the get-in price is close to $500,000.
- Another deal RETA had in Cabo was in a community called Mavila. RETA members got in on spacious condos here in 2018 for RETA-only pricing of $275,000. Recently, on a site visit in Mavila, I overheard brokers talking about listing condos for $450,000.
- In August last year, RETA members had a deal in Cabo Costa. Our RETA-only entry price was just $188,200, a total no brainer.
Even at the much higher retail prices non-RETA folks are paying today it’s the best deal in Cabo. The last penthouse sold for $375,000. Our RETA price for a penthouse was $249,800.
In August I predicted gains of $141,800 three years after delivery. I was conservative. Last November I attended the official launch party. I watched as non-RETA members, folks who consider themselves the insiders, paid from $80,000 up to $100,000 more than our RETA-only price for luxury condos in Cabo Costa.
Many of the folks surrounding me have switched from short-term renting to long-term rentals. All down to the factors that I’ve been telling members of my Real Estate Trend Alert group about for the last 18 months. We are seeing more long-term renters…more remote workers…more retirees…more people waiting for homes to be delivered…more, more, more—and they all want best-in-class.
It’s great news for Cabo. All the things I said would happen happened. The infrastructure improved, the desirability skyrocketed, values rose, and rental yields increased.
All in all, I’ve done well here in Cabo. My neighbors have done well here. RETA members who have bought here have done well. (And I plan to tell members about our next Cabo deal soon.)
But I’m never one to sit on my laurels…
I’m always on the lookout a “next” Cabo out there…a place where we can find good value real estate ahead of the crowd.
La Paz, just up the road from here, is one of those places that holds a lot of potential. And I will be digging deeper into it over the next few months, so watch this space.
But there’s another contender, one that’s been on my radar now for a long time: Mazatlan.
There are a lot of reasons Mazatlán can be competitive. It has miles and miles of wide, golden-sand beach. The town has a lively nightlife centered around the Zona Dorada district, and importantly, it feels more authentic than most Mexican resort towns. It’s a town with an historic center and numerous cultural attractions, as well as two marinas, and two golf courses.
Importantly, due to its location, Mazatlán is in prime position to catch the overflow of demand from Cabo San Lucas.
In recent months I went to Mazatlán to assess first-hand the intrinsic appeal of the place.
Does it have the potential to attract second homeowners in big numbers?
What’s the potential for development of a tourism machine that will sustain rentals and resales?
Most importantly, can we make money from investing in real estate in Mazatlán?
I answer these questions and more in my full report, which you can access for free for the next 24 hours—no catch.
You just need to click the link to get it.
***In Search of the Next Los Cabos: My Mazatlán Scouting Report ***
Along with my Mazatlán report, I’m unlocking two more FREE research reports for you.
They are…
These research reports are normally behind a pay-wall, but until midnight tonight I’m giving you unlimited access. So I recommend clicking on the links above now and reading each report.
Also, be sure to tune into my email tomorrow, as I have a special announcement for you…
***
Your Daily Dream Home
Jete, Granada, Spain
€36,300 ($39,770)
This charming little house is in the village of Jete, in southern Spain. You’re just over an hours drive from Malaga and just 15 minutes away from beaches. Recently renovated to a high standard, this cheap dream home has 1 bedroom, 1 bathroom, and an open-plan kitchen, living, dining area. Jete has everything you’ll need for everyday living and is close to some excellent hiking trails in the mountains.
Remember, we don’t make money from any listing shared here in the Your Daily Dream Home section. We have no dog in the fight. We’re just sharing cool properties we’ve found.
I haven’t visited this property or done due diligence on it. If you’re interested in the listing, you should hire an attorney and do your own due diligence.