This may be the best option for overseas retirement living I’ve ever seen.And it comes with something else you should be in the market for right now: a guaranteed yield from rental income.I’m talking about an opportunity on the Pacific coast of Mexico, specifically, on the stretch from Puerto Vallarta 100 miles north to colonial San Blas, a region that FONATUR targeted for development early this decade and then dubbed the Riviera Nayarit.This stretch of coastline is primo. If you like blue sea, white sand, and regular sunshine, really, you can’t ask for better. Plus, there are golf courses, archeological sites, spas, every water sport you could name (including swimming with dolphins and whales), colonial cities, Aztec history, deep-sea fishing, five-star restaurants, wine and cheese shops, trendy cafes, art galleries… The region’s transformation is well along.This part of Mexico is safe, stable, and easily accessed from anywhere in the United States, Canada, even Europe. There are world-class hospitals and top-quality private bilingual schools.There’s also a proven rental market. Nuevo Vallarta hotels regularly see 85% occupancy, and the demand for condo rentals in the region increased 300% from 2007 to 2008.
This is a location that checks all the right boxes: Beautiful beaches; great weather year-round; safe; affordable cost of living; easily accessible; 21st-century infrastructure (not only for roads and highways, but for Internet, telecommunications, etc., as well); lots to do; established and expanding expatriate community; top-notch medical care; and, again, a track record for rentals.
It’s easy to understand why so many expats, from North America and beyond, have sought out this part of Mexico for both part- and full-time escape.
But I predict that the best of Nayarit is just now coming online…in the form of Taheima, the first luxury wellness condo-hotel in Latin America. This is a development product whose time has arrived. And right now is your chance to buy pre-construction, for what amounts to the lowest per-square-meter cost in the region, while locking in (if you choose) two years of guaranteed rental yields of 7% per year. (You get free maintenance of your property during these two years, too.)
There are lots of private development communities throughout Mexico, offering golf, spas, fishing, etc. Taheima is different. It has been conceived as an alternative for the “new retiree”…the Baby Boomer who is looking for options outside the States and who is gearing up, during this phase of his life, for anything but retreating to the sidelines.
Taheima is for the would-be retiree who wants to be active and engaged, both physically and intellectually. The focus is on education and wellness, of body and of mind, with daily classes in yoga, painting, dancing, languages, sculpting, cooking…and wellness and nutrition classes and clinics with professional trainers.
Specifically, at Taheima, you can choose from a junior suite, a one-bedroom apartment, a two-bedroom residence, or a three-bedroom penthouse. Every unit comes fully furnished and with full rental and property management services in place. You’d never have to touch up the paint or change a light bulb, if you didn’t want to.
You can finance your purchase (up to 70% loan to value). This isn’t a time-share. This is full titled ownership of a condominium in the most impressive overseas retirement community I’ve ever seen.
Full titled ownership of a condo that could pay for itself, over time, through rental income. To start, you can guarantee yourself two years of rental yields of 7% a year.
This makes sense from so many angles. This is an interesting investment opportunity of the kind that I believe you should be focused on in the current climate (it’s yield-producing in a proven market).
It’s an ideal second home in the sun if you’re looking for part-time escape to the beach. Riviera Nayarit beaches are among the world’s best. (Remember Night of the Iguana?)
And if you’re not, you could rent to someone else who is. I say again: Taheima qualifies as a top option for the 70-million Baby Boomers set to retire over the next 10 years.
Plus, Taheima caters to the fast-growing wellness market, augmenting the rental potential.
Finally, and perhaps most important, Taheima could be the ideal place for you to think about basing your new life in retirement overseas. The property comes with everything the would-be retiree could ever ask for.
Buy today and rent until you’re ready to take up residence yourself…
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P.S. What else this week?