Beachfront Investing In Northeast Brazil
Superb Buy To Let Play With Zero Down
Sept. 6, 2009
Fortaleza, Brazil
PLUS: Rent For As Little As US$250 Per Month...My Top 5 Part-time Overseas Retirement Havens...Super-Cheap Beachfront And A Super-Low Cost Of Living...
AND: Like California 50 Years Ago...
----------
24 Hours Until It's Over
For the next 24 hours, through Noon EDT, tomorrow, Monday, Sept. 7, you have one more chance to reserve your seat in the room for our Third Annual Global Real Estate Profits Summit in Panama City Oct. 15-17 at the Early Bird Discounted rate.
The Early Bird Discount for registration has expired. However, in the spirit of our Labor Day Weekend End-of-Summer Sale, we're reinstating it...for 24 hours. You now have this one more chance to reserve your seat in the room for this timely event and save at least US$250.
If you've been sitting on the sidelines, waiting for the right time to act...this is it.
You've got 24 hours.
Full details here
----------
Dear Overseas Opportunity Letter Reader,
As Will Rogers is oft-quoted, one reason beachfront property is so appealing is because they ain't making anymore of it. This observation has both global and local implications. In northeastern Brazil, for example, there's only so much coast, and it's beginning to attract international attention in a big way.
While much of the world is struggling through recession and worse, Brazil's economy continues to expand, as does its middle class. The country continues to see more than its share of the world's tourists, and, now, in its northeast region, development has been stepped up a notch, as Fortaleza prepares to act as a host city for the 2014 World Cup. The country's Grow Northeast program is pumping US$4.5 billion into Fortaleza's Cerra State.
As we've been pointing out, one of the most sensible investments you can make in the current global climate is in yield-producing property—for example, a beach resort rental. This is where we're putting our money, and this is what this northeast region of Brazil is serving up right now at a super low cost, supported by extraordinarily appealing terms of purchase and the promise of great and growing volumes of holiday-makers to keep occupancy rates high.
Here's one particular opportunity worth your attention, a development 90 minutes from Fortaleza. This is a true beachfront development. No road separating you from the white sand and clear, warm waters. You could walk out your condo and through the swaying palms to the beach...
Furthermore, despite its low prices (starting from 152,436 reals--around US$83,270 at today's exchange rate), this isn't any old cookie-cutter condo project by the sea. The developers here are committed to creating a five-star resort, offering guests top-class facilities.
On the plans are a super-sized infinity pool (more than 450 square meters)...a full, Western-standard spa...plus a fitness center, lap swimming pool, sports and games pool, an artificial lagoon, beach bar for residents, luxury poolside restaurant serving full meals, tropical gardens, and a children's playground. Each unit comes with its own gas-fueled barbecue on the terrace.
And every single condo benefits from a sea view.
Plus, Overseas Opportunity Letter readers have the opportunity to buy in now at a special pre-release price.
This means that you could own a two-bedroom, 712-square-foot condo on one of the world's most beautiful beaches for as little as 190,546 Brazilian reals (around US$104,100 at today's exchange). A three-bedroom penthouse unit, 1,444-square-feet, can be purchased, with the Overseas Opportunity Letter discount, for as little as 350,000 Brazilian reals (around US$191,200 today).
These figures represent a minimum discount of 25% what prices will be when the project launches to the general market later this year.
Not only are the prices low and seriously discounted, but the payment terms couldn't be more appealing:
- You make no down payment. Zero down...
- You pay the price of your condo in 100 monthly installments of 1% each (plus INCC tax)...
- Your payments are interest-free during the construction phase. Only when your unit is completed, in a little over three years, do you begin to pay interest.
Taking the 712-square-foot condo example, you'd pay from 1,905.46 reals (US$1,040 at today's exchange rate) a month over 100 months; a three-bed penthouse would cost you 3,500 reals (US$1,912) per month. (In both cases, you'll also need to factor in the variable INCC tax in the pre-construction phase and interest in the post-construction period.)
Of course, you could forego paying either tax or interest by purchasing your condo outright, and, if you want to go this route, the deal gets even sweeter. With 100% cash up front, you get a further 20% off the special pre-release prices. With 50% down, you can take an addition 10% discount off the pre-release pricing.
This means that, with 100% cash in hand, you could buy a two-bedroom condo, on the beach, in a full-amenity, top-of-the-line community, for 152,436 reals (around US$83,270). The price of the penthouse unit drops to 280,000 reals (around US$152,960).
Completion is scheduled for early 2013, at which point you could sell your unit, keep it for your own use, or enter it into the resort's vacation rental pool. Condo units command higher prices during peak season, of course. Thanks to its good weather, this region is blessed with three peak seasons: the summer months of July through September; December and January; and around Easter.
Plus, the developer is confident that, even off-season, this special resort should receive its fair share of local tourists.
Note that every owner, regardless of the traffic through his own unit, is entitled to a share of the development's total revenues. Plus, every owner who enters his unit in the rental pool is entitled to four rent-free weeks a year under the Brazilian sun. You could spend more time here, of course; you'd simply pay for the additional usage.
Bottom line, buy-to-let is the play right now, and Brazil's northeast coast is one of the markets where you want to be in the game.
Getting in early (that is, now), you have the opportunity to buy at an absolutely low price and to get your hands on one of the last remaining units with the best views of the beach.
Of course, nothing this great could last forever. In fact, since we began discussions with the developer, the terms of this pre-release offer have changed to call for 80 rather than 100 monthly payments. However, we've asked for and been granted an extension to the better payment terms for Overseas Opportunity Letter readers only.
For you only, dear reader, the 100-month plan will remain in place until midnight on Sunday, Sept. 13. That gives you just seven days to reserve your unit--and keep your monthly payments as low as possible. If this offer appeals, get in touch now for full details.
Kathleen Peddicord
P.S. Our man on the ground in northeast Brazil, Anthony Archer, will be joining Lief Simon in Panama City Oct. 15-17 for Lief's Third Annual Global Real Estate Profits Summit, at which time Anthony intends to present at least one in-the-room-only special offer for conference participants to position themselves in this important market.
Note that the Early Bird Discount for registration for the Global Real Estate Profits Summit has expired. However, we're reinstating it for the next 24 hours only as part of our Labor Day Weekend End Of Summer Sale. You have until Midnight tomorrow, Sept. 6 to reserve your seat in the room for this timely event and still benefit from the Early Bird savings.
Other important discounts are also available if you register now. Details here.
----------
Breakthrough Announcement from Dr. Al Sears
The Secret is out! Burn fat and drop pounds in as little as 10 minutes a day -- without going to the gym.
At last! Dr. Sears' patented PACE® program is available to you right now! For the first time, YOU can get your hands on the same easy-to-learn technique that helps you:
- Have a leaner body...with less fat
- Build functional strength, not just big muscles
- Improve your flexibility and take on your daily activities with real gusto
- Reverse the symptoms of heart disease
- Add years -- even decades -- of healthy living to your life
PACE® proves once-and-for-all that a great body and vibrant health does NOT have to be difficult, time consuming or boring. You're just seconds away from unleashing the killer body and the disease-free life that only Dr. Sears' PACE® program can give you...Click on this link and get your copy TODAY!
----------
P.P.S. What else this week?
- Visitors to Argentina's Mendoza province are captivated by San Rafael's charms. Tom Phelan, an American now living in Mendoza, came for three weeks and stayed three months--before he decided to stay for good. I've heard again and again of other travelers who've had the same experience. They came to visit, then couldn't bear to leave. Today, it's estimated that 400 American families live in the area. San Rafael (with about 170,000 residents) is to Mendoza as Sonoma is to Napa, California--smaller and quieter but with great wine. Tom equates it to the Norman Rockwell California of 50 years ago. It's beautiful, friendly, safe, and relaxed, with the feel of a forgotten European town. But the best part is the cost of living...
- "When I decided to move to Kuala Lumpur," writes Correspondent Wendy Justice, "I used a property website to get a sense of what was available for rent and at what cost. Then I contacted one of the agents and arranged to meet her when I arrived in the country.
"I spent three days with the agent visiting complexes and apartment units that suited my budget and my interests. I found a nice one-bedroom apartment in the Golden Triangle area of KL populated almost entirely by expats, with excellent 24-hour security, a swimming pool, a jogging track, and an unbeatable view of the Petronas Towers. This furnished apartment cost 2,450 RM/US$697 per month with a six-month lease.
"When my lease expired, I moved into a 1,500-square-foot, furnished, three-bedroom, air-conditioned condominium with a full Western-style kitchen in Brickfields, with a pool, a racquetball court, and 24-hour security, for 2,000 RM/US$569 per month with a 12-month lease. I would have been very satisfied with a similar apartment in my home country, and the rent was perhaps a third what it would have been back home.
"If all you need is a one-bedroom condominium, you could find something perfectly adequate, with air-conditioning and a kitchen, for US$250 to US$300 a month. On the other hand, Kuala Lumpur is one place where even luxury living can be very affordable..."
- Selling everything you own, packing your bags, and leaving your home, your family, and your friends may seem bold, intimidating, even ridiculous. Perhaps you don't want to sell your house. Maybe you don't want to be a plane ride away from your grandchildren all year long. Maybe you have business or family responsibilities in the United States that would make it inconvenient to reside overseas, at least 12 months a year.
Or perhaps you've just had it with winter. You're not looking to "leave home," as it were, only to avoid shoveling the driveway or scraping ice off the windshield four or five months every season.
These are all good reasons to retire overseas part-time. Another is budget. If your retirement nest egg has taken a beating recently (whose hasn't?), your prospects for retirement living in the United States may seem grim right now. On the other hand, if you spend half the year some place where the cost of living is significantly reduced and rent out your U.S. home while you're away, your retirement funds could expand accordingly during the months you're Stateside. Retirement could go from a source of concern to a cause for excitement.
Where does part-time retirement overseas make most sense? Here are my Top 5 Part-Time Overseas Retirement Havens...
- "Super-cheap beachfront," says new Brazil Correspondent Will Davis. "That's what attracted me to Brazil at first. That and the super-low cost of living.
"When my wife Eileen and I first left the States, we settled in Cuenca, Ecuador. We enjoyed Cuenca, but, frankly, this colonial city wasn't our dream. Our fantasy retirement involved a home at the beach. I spent four years, therefore, scouting the beaches of Latin America in search of a beach house available for an affordable cost. It was on the island of Itamaracá, about an hour from the city of Recife on Brazil's northeast coast, that I finally found what I'd been looking for.
"Now my wife and I are the proud owners of a 2,000-square-foot, three-bedroom house. It has good living space and a little winter garden on the roof, and the bedrooms have been built in such a way that they all have great views to the ocean. But perhaps the best part is this: We bought the property (the land and the house) for the equivalent of about US$60,000.
"Right now, you could get an acre of beachfront land (on which to build your own dream home) for maybe 180,000 to 200,000 reals (around US$100,000 to US$110,000 at today's rate of exchange). I can't think of anywhere else in the world where you could buy a slice of beachfront at that price...and actually want to live there. I speak from experience. More than a house at the beach, here in Brazil, we've invested in a dream house at the beach that has brought us our dream lifestyle, too..."
|
