Fire Sale on Irish Cottages: 12 for $400,000 (That’s $33k Each!)

Fire Sale on Irish Cottages: 12 for $400,000 (That’s $33k Each!)

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June 25, 2013

As a member of our little group, you will know that Ireland's economy and real estate market is in deep distress. Property sales had all but stopped until firesale auctions came to the country in April 2011. After a series of these sales, market clearing prices were set. Sale prices were 50% to 90% less than peak prices. Today, we're two years on... and you can now buy at prices comparable to these auctions through regular channels.

Boquete: The Best Value in Seven Years

Boquete: The Best Value in Seven Years

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June 24, 2013

I've just returned from my first scouting trip to Panama's mountain country of Boquete in five years. Back in 2007 to 2008, the market became frothy and prices too high. I stopped visiting until now. This time, my trip threw up some interesting opportunities. The most significant development I noticed in Boquete is how real estate prices are at their lowest in almost a decade. I'm working on some special situation RETA members-only deals there which I will be telling you about in the coming weeks.

“Fire Sales” Near the Spanish Coast for Less Than $127,000

“Fire Sales” Near the Spanish Coast for Less Than $127,000

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June 21, 2013

An opportunity on Spain's Costa del Sol has my attention today. But upfront I'd like to draw your attention to a two of things: 1. My lawyers haven't reviewed the paperwork relating to this deal or the mortgage offer. 2. I visited this area on my last scouting trip and stood outside this building. But I haven't seen inside. Despite these two things, I think you should know about the opportunity today because my hunch is the units will sell out before I make my next visit.

Early-in Condo Deal near Caribbean Beach for $139,500

Early-in Condo Deal near Caribbean Beach for $139,500

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June 14, 2013

I’m just back from my second scouting trip to Mexico’s Riviera Maya this year. I’m excited to tell you about a new strong early-in opportunity in a project I visited. Before I tell you about the deal, let me remind you about the Path of Progress I’ve seen in this region. Not too long ago, Playa del Carmen, the jewel in the Riviera Maya, was a small village with sand streets. In the last 10 years, it rapidly became a hip beach town.

Last Chance to Profit in Brazil at this Low Price

Last Chance to Profit in Brazil at this Low Price

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June 13, 2013

I'm writing to you today to remind you about a great deal we have on lots in northeast Brazil—but the prices will go up in three more days. Brazil is famous for its endless miles of white-sand beach, turquoise lagoons and buzzing city beaches. For many decades Brazil was regarded as the country of the future. The world looked on in envy at her beaches, beautiful people and staggering potential to be one of the world's richest places. Today, Brazil has arrived. It's a global power broker. It's the world's sixth-biggest economy.

Get Ready to Profit in Brazil

Get Ready to Profit in Brazil

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May 31, 2013

Today, I'd like to tell you about a new deal near a pretty beach village in Brazil. It's a great opportunity to buy a lot within commuting distance (10 minutes) of the port of Pecem I've been writing to you about. Pecem in north-east Brazil is set to explode with the creation of thousands of jobs there. All of the middle-class workers will need somewhere to live—and that's why I've taken such an interest in the area.

Costa Rica’s Highway Brings Us to This New Deal

Costa Rica’s Highway Brings Us to This New Deal

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May 29, 2013

As a member of our little group, you will know that one of the big trends I'm interested in is the "Path of Progress." I'm talking about new roads or airports that make stunningly beautiful places more accessible. On my last visit to Costa Rica I drove a new highway to the Colinas de Miramar project west of San Jose. The upgraded route has halved the drive time from two hours to one hour.

Scouting for Bargains: Where I’ll Travel in May

Scouting for Bargains: Where I’ll Travel in May

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May 13, 2013

I've just returned from a scouting trip to Panama. My trip focused on the city, beach areas within 90 minutes of the city and the mountain area of Boquete. I also spent four days on the road last month scouting deeply undervalued vacation homes in Ireland's south-west. On my travels I uncovered some nuggets. I visited some areas with a distinct lack of opportunity. But, a trip is never wasted. Even if there's no opportunity there's something to be learned from each market if you scratch the surface..