Huge Discounts, an Old Price List, and Developer Financing

Wednesday, September 29, 2010

Dear Reader,

It’s the end of the month again—and time for our round up of the hottest deals we’ve brought you over the last four weeks. You’ll like this selection. It has rental units that are already performing well for some of your fellow readers…a huge discount on a lot in Costa Rica…and lots in Belize with very attractive developer financing.

Read on below for the cream of September’s property deals.

A Huge Lot…with a Huge Discount

Costa Rica. The name alone conjures up images of lush tropical rainforest, jewel-bright butterflies, exotic wildlife, and tranquil country living. Unsurprisingly, Costa Rica ranks as number three in the 2010 environmental performance index. It boasts one of the highest life expectancies and literacy rates in the region, outranking the US in both categories. And this little country even tops the Happiness Index. That’s not surprising in a place where you can breakfast alfresco in the company of giant trees, curious monkeys, and bright-colored toucans…

This lot on offer is in an established development, a 90-minute drive from San Jose, Costa Rica’s capital, and a 30-minute drive from the Caribbean coast, with mile after mile of pristine soft-sand beaches. Set in the Talamanca Mountains, the development boasts five rivers, two waterfalls, peaceful forest, and cooling ocean breezes. The part ocean-view lot is spacious, at 2.3 acres. That gives you plenty of room for stretching out…and plenty of privacy, too. There’s no build requirement, giving you flexibility, and the freedom to choose when you want to build.

The list price for this lot is $102,000. But a cash buyer can secure it for $72,100, a discount of almost 30%. That’s an amazing price for such a large lot, particularly in a project with infrastructure already in place. Contact the developer here to find out more.

Our next deal is in Fortaleza. Fortaleza is the investment centerpiece of Brazil’s northeast, and Brazil’s hottest property market…not to mention Brazil’s #1 domestic tourist destination.

Let’s start with the financing. These 2-bed, 2-bath condos are ready to move into, but you’ll only pay 25% down, with the rest of the purchase price spread over 100 monthly payments (plus monthly adjustments).

Better yet, you can start earning rental income immediately. A fellow reader furnished his unit this month. He finished the furnishing on a Saturday, and by the following Tuesday had a long-term tenant, on a 12-month contract, paying 1822 reals per month ($1060). And he’s not alone…several other readers who bought here are enjoying rental income, too.

And the old price list? That’s an added sweetener. The developer raised prices on remaining units by 11% at the end of August, but he has agreed to honor the old price table for our readers, until September 30th. The start price is 269,734 reals ($157,158). Lock down your unit at the old price today by contacting Daniel Neves here.

Belize from Only $600 a Month

I could talk about the beauty of Belize here…her white sand beaches, the clear rolling waves of the Caribbean, her secret rainforests and hidden ruins…the fact that it’s English-speaking, so you can ditch the phrase book and instead focus on kicking back and savoring life to the fullest. But I won’t.

The beauty here is in the deal:

• Established, waterfront community? Check.
• A tropical paradise? Check.
• Close enough to hospitals, cinemas, airport, and shopping…but a million miles from stress and worry? Check.

Lots in this little Eden start at $39,000. They’re walking distance to the project’s beach and restaurant. Nine of these lots come with interest-free developer financing: pay $1000 down, plus an additional $9,000 in 30 days…and then make payments of $600 a month for 48 months. Yes, we know that adds up to less than $39,000…but the developer wanted you to have the easiest terms possible, without worrying over a few dollars and cents here and there.

This offer went to Real Estate Trend Alert members last month. They had first choice of the nine lots. If any remain by close of business today, the developer will extend the offer to Pathfinder readers. The developer will let you know tomorrow if you’ve managed to snap up a lot. Contact him here, and he’ll put you on the shortlist.

And that’s it for this month…our three feature deals for September. We got a huge response to this monthly wrap-up last month, so please act quickly if you’d like to take advantage of any of this month’s offers

Margaret Summerfield

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Posted Under:

costa rica, belize, brazil, rental yield, appreciation potential, developer financing

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