Monday, December 14, 2009
Dear Reader,
On the 3rd of November, we sent Pathfinder readers Lee Harrison’s report on the Seagate Condos at Rancho Santana. In Lee’s words, this is “The only beachfront condo I’d buy right now”.
The first of these condos were delivered last month. The new owners came to Santana to take possession of their homes and get their keys—and found they couldn’t leave. So, they extended their trip.
These condos are also proving to be popular with renters. In fact, only one month in, they are commanding top dollar. As I write, the one furnished condo that’s available for rent is occupied. Its guests are happy to pay $300 per night. And yet these units start at only $233,000 when you figure in the pre-release discount I have negotiated on your behalf.
Rancho Santana sits on Nicaragua’s South Pacific coast. The surf here is world-class. That’s good news for the rental market. Prime surf time is in the rainy season. Put simply: you should have rental demand at a time of year you might have written off as out of season.
Developer financing is available as part of this pre-release offer. The rate is an unheard of 5.9% in these parts. This developer can do this as he has deep pockets. You will need to come up with a 25% down payment… but this could come from your IRA or 401K funds.
I strongly urge you to read Lee’s full report here. The pre-release offer expires in a month.
Ronan McMahon
You might also be interested in:
The Only Beachfront Condo I’d Buy Right Now
Posted Under:
beachfront, nicaragua, chill weekends
Want More?
Sign up here for your free Pathfinder Alert e-letter, and we’ll send you our $50,000 Report...showcasing seven real estate opportunities for $50,000.
