Editor’s note: Today, we’re sharing another essay by our friend Ronan McMahon from International Living. Ronan travels the world looking for the most profitable real estate opportunities… exciting, under-the-radar opportunities that consistently beat the market. Today, Ronan is sharing how he profits from buying the right homes in the right locations at the right prices…
Publisher, Kim Iskyan, says:
If you have been scared into thinking
now’s the time to make a bolt for the exit…
To get out of stocks and hide your capital
in gold or some other ‘safe haven’…
PLEASE DO NOT READ THIS PRESENTATION.
Because where there’s danger, there’s also opportunity.
And what no one else will tell you right now is this…
This could be potentially the biggest
investment opportunity of the past 10 years.
As I write this, I’m getting ready to head to Spain. I can’t wait. I love spending time there –enjoying some sunshine, playing some golf and sampling the fabulous Mediterranean food.
One of the places I’ve visited most in Spain is the Costa del Sol… which is called the “sun coast” for a reason. It gets more than 320 days of sunshine every year.
Much as the warm climate (and the great golf) on the Costa del Sol appeal to me, they’re not my main focus when I visit.
I’m a global real estate scout, and that means I look for the places in the world where the “little guy” investor can get in and profit…by finding the right deal, in the right location, at the right price.
And for five years, one of those places has been the Costa del Sol.
The Costa del Sol
The Costa del Sol is located in the province of Andalucía – the region of colorful flamenco dancers, bullfighters, white-washed villages and centuries-old churches. And it’s home to a seemingly endless array of beaches and little coves, lapped by Mediterranean waters.
But there’s more to it than that… There are art museums and concerts to enjoy, world-class shopping, music and a foodie culture. Plus, it has a reasonable cost of living. And, if you know what you’re doing, you could own there at pricing that doesn’t reflect true value. That’s because of the crisis that rolled through Europe, slashing pricing in this part of Spain.
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Take some of the recommendations I’ve made to members of my Real Estate Trend Alert group in recent years. This is the group that is first to know when a great deal comes my way.
In 2013, I told them about penthouses they could have locked down from €86,900 (US$115,500). One of those penthouses listed in 2016 for €171,000 (US$188,000)… and values have risen from there.
In 2014, I recommended luxury condos just back from the beach for as little as €150,000 (US$199,500). The last time I visited, I saw pre-construction condos selling right next door for €470,000 (US$579,000).
And in October 2016, I told them to move fast on a townhome in Estepona, a coastal town with a palm-tree lined promenade. A Real Estate Trend Alert member snapped it up for €189,000 (US$208,000). By June 2017, values had already risen by €50,000 (US$56,500).
And just recently, I brought them word of one of our strongest Costa del Sol opportunities yet. It was a chance to get in on a villa above one of the costa‘s most glamorous, old-money marinas. It has better views of the Mediterranean and the Rock of Gibraltar from its terrace than you might even get in a US$10-million-dollar home.
It comes with a lot of space: 2,186 square feet of internal space, as well as 700 square feet of external terrace space. And, because of a special situation, one member could get it for €230,000 (US$283,000) – about what you’d pay for an apartment close by that’s only one third the size, with no view.
I figure this home will be fast worth €300,000… probably €350,000. And it gets even better. You could figure on renting for €2,000 (US$2,500) a week in the summer. You’d have some additional occupancy in the shoulder golf seasons. Maybe you will end up renting for 20 weeks a year and grossing €30,000 (us$37,000). That’s an annual gross of 13 percent while you watch your property value rise.
Buying the right homes in the right locations at the right prices
By buying the right homes in the right locations at the right prices, members have seen great capital appreciation… and they can do well from short-term rental income.
You could spend maybe six months of the year living in Spain (though you would have to check visa requirements). You could take advantage of all the amenities when the weather was warm – but not at its hottest – and the streets a little quieter.
Then, when the coast is at its busiest, you clear out for a little while to do whatever it is you want to do: take a cruise, visit friends and family, go climb some mountains – whatever you enjoy. And all the while, your home or condo is busy making money for you.
If you haven’t been to the Costa del Sol, I recommend you put it on your list. It’s a great place to hang out and kick back any time of the year.
Even if the Costa del Sol is not your thing, you can apply my strategy to make good rental returns in many beach towns and cities all over the world. You just have to know where to look.
Editor’s note: Ronan says you don’t need to be rich and well connected to make tens of thousands of dollars in real estate overseas.
But you DO need to know how to spot the right opportunities. In his book,
Profit Principle: An Insider’s Guide to Doubling Your Money in Real Estate Overseas, Ronan reveals the strategies and techniques he personally uses when investing with his own money.
And right now, you can request a complimentary copy of Ronan’s book. Get all the details right here.