Hey everyone, so a lot of you have been asking for details on the development I work with down in Nicaragua. Instead of emailing everyone separately, I’ve decided to throw the basic info into a blog. I won’t be able to give out the name on here because the developers have to know who you are before you show up, but if you like what you hear here (here, here!), leave me a comment and whether or not you would like to be put on the developer’s mailing list.
I must have your permission to add you to their mailing list if you want to be on it!
If you are on the mailing list, you will only receive development updates and announcements (which there are some big ones!). No spam, no 3rd party email lists, nothing. Just the good stuff.
Ok, here’s the deal. Yes, the picture to the right is one I took at the development. It’s unbeatable. This development, unlike a lot, has already gotten started and is actually up and running. There is one condo building already built and sold out, they have a restaurant, golf course, surf shop, concierge, and several homes built on home sites already. The cool thing though is, what is there now is just a small chunk of the final plans, so you can still buy at pre-construction costs. What is being sold now are condos that are being built right now as we speak, and the building they are in is going to be a globally branded hotel. Woot! You can enroll your condo in the rental program and receive cash flow from when it is rented out. Or you can keep it for yourself, whatever you want to do. You can also buy a home site and build a house on it. Construction costs are super cheap down there. So that is what you can buy right now. However, there will be more coming (but remember, prices only get higher as more is built).
To give you a more technical idea of the building plans:
Phase 1 (the condos I mentioned) is currently under construction (42 two & three bedroom oceanfront condominiums) with Phase 2 to follow starting later this year (another 42 units – oceanfront villa townhouses and casitas) and Phase 3 in 2014 which will feature 128 deluxe hotel suites. Initially, it is being branded a (will give you the hotel name after Feb. 13th!) yet will upgrade on completion of Phase 3 to a (tell you after Feb. 13th!). There are more than 500 acres in the development. The front nine holes of golf are in and playable with the back nine slated for completion in 2014.
There is a stocked stable of super cool horses (yes you can ride them), two world-class surf breaks just off the beach (one is #63 of the top-100 in the world!), and even an eco-friendly neighborhood of houses within the development.
The prices for the condos start at $249,000 and go up to $549,000. Yes, that may seem expensive for a being a new and growing country, but did you see what happened in Costa Rica a long time ago? The prices there started out the same and quickly jumped to over $1mm. The home sites start at $50,000. Financing is available, you can use your IRAs to buy, and if you do buy, you get mega cool incentives ranging from lifetime golf memberships to free nights of stay while you wait on your unit to finish building, and a free trip down to Nicaragua to do you due diligence.
I hope that gives you a good start of info. Like I said, all you have to do is shoot me your name and email and I will give you the name of the development, the website, and if you tell me you want to be on the mailing list, I’ll do that for you as well. There is a huge webinar coming out on Feb. 13th with the big hotel announcement, as well as detailed information on how to invest using your IRA.
I hope to see you down there!
Love the site – would love to be added to the developers list. Have also PMed you on BP. Thanks!
Please add me to the nicaragua developer site
I’m also interested in hearing more about this project.
Ali! Sounds very interesting! Please add me to the mailing list!!
You’re on it!
Would love to be on the Nicaraguan developers email list and yours 🙂
You’re already on mine homes. Lol. But subscribe on the site too to make sure you get everything I send out. You’re also on the Nica list now too.
Very interested about the project. Can you please add me to the mailing list? Thank you!
Very interested in finding out more about this project. Please add me to this mailing list. Thanks in advance.
Please send me the name! (or give them my email) Thanks…
Please add me to the list.
I am very interested in finding out more about this project. I was in Nicaragua about a month ago. I would love to get some vacation/investment properties down there. My wife’s family is from Nicaragua. Please add me to this mailing list. Thanks!
You’re on it! I’ll email you.
Hi Ali, hope all is well!
Are any units still available? I am def looking to invest and would love to get it for myself! Please send me any details and please add me to the developers mailing list. Thanks so much!
Just emailed you!
Learned of you on biggerpockets. Use to live in MdR – miss it – considering coming back to LA area.
Super description! I have been learning that Nicaragua is one of the hottest ‘new’ in that region, cool to know you are in the trenches with a massive property.
Use to be involved in things akin to this in panama, costa rica, elsewhere – previous business I had.
Please add me to the developer’s list and if you are sending out any other information – please add me to your own personal list for that.
ps: love your site
You’re on it!
That’s awesome, I’m literally 0.5 miles down Pacific from Washington and walk my dogs down there and down the MdR pier all the time! Hinano’s is my favorite dive bar 🙂
Please add me to the Nicaragua developers mailing list. Thanks for all u do!
Please add me to the Nicaragua developers mailing list.
You got it!
Hey Ali..Nicaragua sounds great, can you send me some info please?
Well only because you have the best name ever! Haha. Of course. I’ll send some info your way.
Would love to be on this mailing list. So intrigued.
You got it!
Nicaragua has received a lot of good press lately and you write very positively about the county. I am tuned in and have always wanted to buy a second home in a foreign country. Now might be the time, please send additional information.
Hi Sandra, absolutely! I’ll send some information over. Thanks for writing.
Ali- This sounds amazing! Please send me all the info you have about this! Gracias! 🙂
Send it all, very intriguing!
Cool, shoot me your last name when you can.
Ali – Found you in the recent BiggerPockets newsletter. You Rock! Interested in Nica real estate news/deals/projects… Pls add me to email list. Cheers…
You said I rock! You’re my favorite. Give me a last name and the info is all yours.
Can you send me the Nicaragua info?? Thanks 🙂
Love your website!!
Ali, this is great!. Send me complete details, when is this development up and running? I’m ooking to arrange some financing to buy and rent as soon as its finished. Wat’s the schedule? When are you flying over there? Perhaps we can meet and discuss….
Hi Ale, thanks for reaching out. All of the details I have for schedules and such are in this blog. I can definitely connect you up with the developer though to get more details on the timeline. My only recommendation is to not wait until it’s built to by because with every phase completion, the prices go up quite a bit. Once the hotel brand is announced, once the roof goes on, once the first building is completed, etc. By the time it’s built and running you’re price tag is going to be kind of high! I recommend checking it out now rather than later. I know there will be an investors’ trip in March but I’m not positive I’ll be able to make that one yet. I’ll be at all of the ones after that though. I’ll get you on their list now and you can reach out to them for the detailed construction timelines for sure!
Add me to your mailing list.
Shoot me your last name and you’re on it.