REAL ESTATE TREND ALERT
(FOR MEMBERS ONLY)
Sunday, May 14, 2023
Dear Reader,
Yesterday I sent you my deal briefing on our upcoming opportunity in Punta Laguna at Corasol.
With Deal Open Day barrelling down on us fast, it’s really important you find the time to get into this briefing.
***Read my Deal Briefing Now***
Our deal opens this Thursday, May 18 at 1 p.m. ET.
For all the details of our incredible deal and how to choose your luxury condo you need to read my deal briefing.
Inside you’ll find videos of the community, the developer’s plans, maps showing the exact location, detailed analysis of our no-brainer RETA-only price…and much more.
I and other RETA members have already snapped up condos in our two previous deals in this master-planned community…
In the Village at Corasol, members are already sitting on uplifts. RETA members bought here in March 2022. Now on the retail market, the developer is offering the condos RETA members could buy for an average of 30% more. For example, a condo that was available to RETA members for $296,400 is now listed at $368,209—that’s a boost of $71,809.
Now, I know my deal briefing is a hefty report with a lot to digest. So, below I’m going to draw out the most important points…the key takeaways.
- Corasol is a 500-acre master-planned community on the edge of booming Playa del Carmen on Mexico’s Riviera Maya.
- Corasol is unique. It has world-class golf, the best beach in Playa, and the city’s famed walking street, 5th Avenue ends right at the side gates.
- Corasol is fast becoming a $500,000-plus community of the discerning and wealthy. Homes here sell for well into the millions…
- Prices in the closest comparable master-planned communities in Playa del Carmen for two-bed condos start at well over $800,000. I’ve seen one-beds selling for more than $787,500.
- My team and I looked all over the world for master-planned communities that had attributes like Corasol. None have all three pillars—world-class golf, a stunning beach, and a vibrant city on the doorstep.
- And if the world’s best golf and beach communities Corasol has by far the most incredible access to a massive pool of renters. Millions of people visit Playa and every year it’s more. Last year 30 million people passed through Cancun airport. Every year a record is broken…
Our No-Brainer Price
- Of those communities globally that have golf and beachfront you could pay well in excess of $500,000…into the millions of dollars…to get in.
- Yet, our RETA price for a two-bed, two-bath condo in Punta Laguna at Corasol is from $246,400 to $296,400. (Prices increase as you go higher up the building.)
- I figure that $246,400 condo will be worth $400,000 just three years after delivery.
- That’s a gain of $153,600. And it’s a highly conservative prediction based on our track record of uplifts on the Riviera Maya and in Corasol.
- We also have a handful of three-bed condos from $296,600 to $318,600, ideal for longer stays, families, or turning one room into an office for the work-from-anywhere set.
- The developer is offering 10-year financing to us as well.
The key thing to understand is that every condo is a screaming RETA deal.
- It’s thanks to our group buying power and our connections.
- The developer behind Corasol got a great deal on the land so can afford to cut us an incredible deal.
- This developer is fast realizing their vision for Corasol to be the most exclusive and high-end community in the region. They have deep pockets, and are part of a Mexican business empire that owns a bank, TV station, internet company, department stores…you get the idea.
- Within master-planned Corasol homes list for well over a $1 million…the few that are left.
- Scarcity is very real. When I looked at the latest lists for available inventory in the other communities within Corasol there was almost nothing left compared to only three months ago.
- And absolutely nothing at all at our no brainer RETA Nor do I believe there ever will be again.
- Plus, we have 10-year financing available…ask your advisor for the details.
Income: Yields of 14.8%
There’s no off-season in Playa del Carmen anymore. Just different speeds of high season. You have young families relocating, vacationers, retirees…remote workers…millions are coming.
- Your Punta Laguna condo will be in massive demand, appealing to all these markets. Plus, you have rental management options for a hands off solution.
- Short term an average rate of $200 a night is an absolute steal for the renter but let’s be conservative and use it, and estimate a very modest 50% occupancy. That equals $36,500 in income a year.
- That’s a gross yield of 14.8%, once you’ve built up reviews, referrals and repeat guests. (And you’d get to spend a lot of time enjoying your condo too…or gifting a stay to friends and family.)
- Rent long-term to one of the many retirees, digital nomads, work-from-anywhere families. I think $2,200 a month is a fair, and conservative for a gross annual yield of 10.71%.
- As for capital appreciation, like I say, I expect us to see gains of $153,600 three years after delivery.
That’s our Punta Laguna deal in a nutshell.
Personally, I’m really looking forward to spending time in Punta Laguna. I love the idea of the concierge on hand, I can’t wait to enjoy the incredible amenities, and I’m looking forward to putting those benefits in the hands of one of Playa’s rental managers and seeing how they turn that and Corasol’s outstanding location and tranquil luxury into a killer advert for wannabe renters.
I urge you to read my full deal briefing carefully.
Pay special attention to the section on how to lock down your condo. When our deal opens on Thursday, at 1 p.m. ET it will go fast…
Wishing you good real estate investing,
P.S. At the end of my deal briefing I’ve included a timeline showing the evolution of our unbelievable opportunity…It’s well worth sharing with friends and family so they can understand at a glance just how outstanding our deal is.