Ridiculously Low Price Of Entry Plus Three Years Guaranteed Yields
Feb. 26, 2009
Panama City, Panama
PLUS:
- Good (And Affordable) Living In French Wine Country...
- Check Your Firearm At The Bar, Please...
AND:
- Panama Air Travel Tips...
----------
Live & Invest in Panama Early Bird Discount Expires Saturday
At Midnight
Only two days remaining to SAVE at least US$200.
PLUS: Join us for our Live & Invest in Panama Conference...and benefit
from our first-ever How To Retire Overseas Event at
no additional cost!
----------
Dear Overseas Opportunity Letter Reader,
"What we are offering now, Kathleen," writes Correspondent and Asian
property developer Jeff Finney, "is a 35% discount off the
price of a fully furnished unit. That is to say, you can buy
now for US$64,000.
"When you consider what you're buying, that's a ridiculously low
price. And, of course, the real point is that the unit comes with a
guaranteed yield from rental income of 7.8% per year for three years.
"That is for a cash sale. For 50% down, the discount is 25%, making
the purchase price US$74,025. Down payment is US$37,012.50.
"Local financing is available. Philippine banks,
including China Bank, Allied Bank, and PS Bank, will write 10- to
15-year mortgages for foreign buyers.
"Yields are the name of the game right now. In the current climate,
you want to put your money someplace where you know it's going to
return some income for you.
"In this case, you're doing that...you're guaranteeing yourself an
income of 7.8% per year for three years. In addition, though, here,
you're buying a hard asset with long-term potential for both rental
yield and personal use.
"This Eden hotel-condo project on the island of
Boracay
in the Philippines is on both a beach and a golf course. In fact, this
127-hectare golf course development is the only one on this island.
"The condotel project overlooks the 8th hole of the course, and
ownership includes full playing rights (for the 18-hole course),
access to the private beach cove, plus access to all property
amenities--the pool, the restaurants, the spa, even the property
sailboat.
"Each unit comes fully furnished, complete with wireless Internet and
cable TV. Because it's a condo-hotel property, owners (and residents)
also have access to room service, laundry, and an on-site concierge.
"This is as turn-key as it gets, with full furnishing package and
rental and property management.
"Turn-key, low price of entry, financing available, easy access
(Boracay is a half-hour flight from Manila, and there are 45 flights
back and forth a day), and three years of good guaranteed yields from
rental.
"Thinking bigger picture, the Philippines offer one of the most
affordable retirement and beach-holiday options in the world right
now. Specifically, the little island of Boracay is becoming the 'in'
spot for Asian sun-seekers.
"Americans aren't the only ones who like the beach. Asians, too, head
to the sand and the sun when it's time for vacation, and,
increasingly, the sun and sand they seek is on Boracay.
"Investors worldwide are feeling battered and bruised, but you still
need someplace to put your money. The smart money right now is moving
to fixed-income property paying out at least 5% per annum over three
to five years.
"In other words, into deals like the one on the table right now at
Eden.
"Condotels like this one are maintaining strong income flows. And no
other Asian country has developed the condotel idea as successfully.
"The Philippine peso has dropped back from 42 to US$1 to 48 to US$1 as
of this writing. An attractive discount on the currency. In addition,
the overall health of the economy, compared with almost all other
countries in the region, is bloody good."
A limited number of units is being offered with this current discount
and yield guarantee.
Frankly, these kinds of low-cost-to-entry, yield-guaranteed deals in
active tourism markets make more sense than ever...and aren't easy to
come by.
Jeff can tell you more when you
get in touch.
Kathleen Peddicord
Yes,
You Can Retire (And Live Well) On US$694 A Month Or Less: Here's How!
"Crime? What crime?" writes Correspondent Lucy
Culpepper in her full-length report on expat life and retirement in
the village of Cessenon-sur-Orb in the Languedoc-Roussillon
region of France.
"I almost forgot to write about it--because I haven't heard of any.
There's virtually no police presence (except the occasional traffic
police), no graffiti or vandalism, and generally a feeling of a time
gone by."
Lucy's everything-you-need-to-know guide to good (and affordable)
living in France wine country will be featured in the March 15 issue
of our
Overseas Retirement Letter, in production now.
"Kathleen, I arrived in Tegucigalpa yesterday,"
writes roving Central America Correspondent Michael Paladin. "One of
the quickest airport escapes I've ever enjoyed. Strange
city...soldiers with guns, political slogans spray-painted on walls...
Hotel is nice, though. Decent casino, decent food.
"I'll be out scouting for the next couple of days. I'm heading into
the mountains and the more remote villages.
"I've got a car and a driver but no gun. Most people in this country
seem to be armed. A Brit who traveled into town from the airport with
me told me about an outdoor bar he knows where everyone just tosses
their handguns into a basket...no formalities, no claim checks.
"Tegucigalpa, by the way, has the best shopping mall I have ever seen
in Central America. Go figure..."
"OK, OK, I like the idea of your
Panama
conference in May.
"How do I get there from the U.S. at a reasonable price? Where do I
find the information on the hotel rooms at a discount?"
-- Ed R., United States
Continental, American,
and Delta all fly to
Panama City...as does Spirit Air.
Spirit Air prices can be lower, but the flight times and connections
are crazy.
I searched just now on Continental's site for a round-trip ticket from
New York City to Panama City over the days of the conference (May
11-17). You can book that ticket as I write for US$243. Sounds pretty
reasonable to me.
The discounted hotel rate for conference attendees is available
through our conference director, Stephanie. When you get in touch with
her to make your conference reservation, she'll contact the Veneto
Hotel and Casino (where the conference is being held) to make sure
your name is on the list to receive the very specially discounted
rate.
We recommend that you let Stephanie make the hotel booking for you. It
saves you the trouble, and it eliminates any lost-in-translation
confusion. Contact Stephanie here:
SValencia@LiveandInvestOverseas.com.
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