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!