Monday, June 14, 2010
Dear Reader,
I wanted to make sure you saw this...and that you understand that this window of opportunity is closing.
As a reader of The Pathfinder Alert, you’ll know I’m bullish on Tulum, and the Sian Ka’an condo hotel project. Phases 1 and 2 in the condo hotel are already sold out. Only ten units are currently available in Phase 3 (an additional 30 units or so in the final Phase 3 building will be offered later this year). This will be the end of the inventory. That’s it...no more!
Prices for the final units in the Phase 3 building will likely be substantially higher. The final units are where the developer’s cream comes. There will be no urgency to sell or do a deal.
See below for a recap on why the Sian Ka’an condo hotel ticks my boxes...and find out how you can check out the Sian Ka’an condo hotel deal personally, for only $150 per person.
Ronan McMahon
Only Ten Units Left in Our Hottest Resort Rental Deal
Dear Reader,
If you want to make money investing in real estate, Tulum should be on your radar. If you want to own a home near a white sugar-sand beach, under the cool shade of palm trees....at early-in, ground floor pricing...then Tulum should definitely be on your radar.
Tulum is a small town at the southern end of Mexico’s Riviera Maya. Today, Tulum is a couple of nondescript streets with beachfront hostels, bars and boutique hotels. That’s set to change...like Playa del Carmen started to change 10 years ago.
The best beaches in Mexico are here. Tripadvisor’s 30 million readers recently ranked Tulum as their #2 Beach and Sun destination worldwide. Moreover, a major government investment is targeted at attracting high-end tourists and developing high-end tourism infrastructure. This is a Fonatur project. These guys make things happen. Look to Cancun to see what these guys do when they put their mind to it.
Fifteen minutes from Tulum, you’ll find my #1 resort rental play, Sian Ka’an. Members of Real Estate Trend Alert got in with special member only pricing and terms back in March 2009. This is a true hands-off investment deal. When you close on your condo, you immediately rent it to the resort operator and receive a fixed monthly rent. You aren’t responsible for the fit out, or any costs or headaches for the duration of your lease.
I like this deal because...
The resort and its amenities are top class. The group who owns the resort is experienced and has deep pockets. A rental (or any guarantee) is only as good as the group making it. The group making this guarantee is strong. Gran Bahia Principe is owned by Spanish company, Grupo Pinero. They also own Europe’s second biggest travel agency Soltour, which sells and runs 2.5 million vacations every year. They own and operate 18 major 5-star resorts. Grupo Pinero’s hotels along this stretch of coast have been operating at 88% occupancy for the past 10 years.
I know and trust the developer Benjamin Beja. I’ve seen his work and have been impressed. The units at Sian Ka’an will be part of the Gran Bahia luxury collection...the highest-end suites in the resort. The tourism market in Tulum wants more high-end units like this. These are perfect for the chic Tulum set.
With units available from $159,000 I expect to see strong capital appreciation. This unit pays out $9,000 a year in rent. That’s truly net...you aren’t responsible for any costs.
Phase 1 units will be delivered next month. Owners start getting rental income from August 1st. Phase 1 is fully sold out. Most of the buyers are members of Real Estate Trend Alert and International Living readers. Phase 2 is fully sold out, to a group of well-connected Mexican investors. Some of this group are involved in development in various capacities from project design to planning. They know development, and they know what’s happening on the ground. It’s reassuring to hear that a savvy group like this has invested here.
Ten units are currently available in Phase 3. Prices start at $159,000 (RETA members get a $5,000 discount) and you can get in with just $15,000 down. The early-in buyers had to rely on renderings and a promise. Now you can visit and see what a completed unit looks like. I strongly urge you to do this. Your fellow International Living readers who visited have been impressed. In fact, 85% of them who visited the property, bought here. With completed units available to touch and feel, the remaining inventory will sell fast.
Join Benjamin and his team this July 15-18th for a chill weekend. You’ll have a great time. I know I did when I joined their chill weekend in March. Benjamin’s team are standing by to send you the itinerary.
Ronan McMahon
P.S. Remember, there’s only ten units available in Phase 3 right now…so don’t delay, contact Benjamin’s team today to secure your unit.
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