If you want to make money from real estate, look for places where it’s cheap but about to go up in price. Maybe a new highway is coming, or new air links to an inaccessible but stunning area. Something is going to happen that will drive up prices. It may sound obvious, but the trick is to find and correctly analyze these trends and their effect on prices. That’s what I do. And the latest opportunity I’ve uncovered is in Pecém, Brazil. Here a major government program is set to bring tens of thousands of new, highly paid professionals. This is a classic “new-middle-class” story, where a surge in demand for upper-middle-class housing is going to be created. And it stands to reason that prices will likely rise, as well. We can get in at the ground floor by buying a lot in a community these folks will want to build their home in. We can get in with prices from 57,500 reais ($25,800), with $2,705 down and monthly payments of $300. And maybe in three-to five-years’ time we can sell our lot for double.
Posted on: Fri, 30 Aug 2013 15:01:32 +0000
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