3 International Spots For Cash Flow Positive Rental Investments

Pathfinder’s picks for the best rental investments for 2010 include Brazil’s Fortaleza coast region, the country’s vacation mecca, where apartments start at $66,000. Rounding out the shortlist are …

Pathfinder’s picks for the best rental investments for 2010 include Brazil’s Fortaleza coast region, the country’s vacation mecca, where apartments start at $66,000. Rounding out the shortlist are Riviera Maya condos in Mexico, with space at half the price of resorts nearby, along with cosmopolitan Manchester in the UK, which offers a thriving business and university life. See the following article from Pathfinder International for more on this.

If you’re in the market for an appreciating asset, you could earn a healthy income in 2010. Here are three of my favorite investment picks for this year, all of which offer the potential for great rental yields.

Brazil: To the east of Fortaleza, the beach and coastline is like nothing I have seen anywhere else in the world. Red and white cliffs rise from flat beaches. Fresh water gushes from streams that fall from the cliff (perfect for a shower after a dip in the warm waters of the south Atlantic). The beach bars grill fish taken straight from the fishermen’s small jangadas (boats).

Fifty minutes from Fortaleza International Airport, this is where Brazilians like to come on vacation. This area attracted 800,000 Brazilian tourists last year. It’s packed during the major Brazilian holidays—Christmas, New Year, Carnival, and Easter.

The best area for rentals here is home to small pousadas, beach bars, two major hotels, and a water park. You can buy an apartment with sea views and direct access to the beach for $66,000. You could net a 10% yield here renting to Brazilians in peak holiday periods. Contact: mike.colwill@sandgardenhomes.com.

Mexico’s Riviera Maya is getting its own airport, and 15 minutes from where this airport will be is what I consider to be one of the world’s best resort rental opportunities today. Right now, there is a shortage of rentals in this resort, even before the new airport brings additional visitors to the area.

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The resort is 35 minutes from Playa del Carmen and one hour from Cancun airport. The water here is turquoise-blue…the beaches are white-sand.

The resort is owned by a major Spanish company. It also owns Europe’s second largest travel agency, which sells and runs 2.5 million vacations every year. The company’s hotels along this coast have been operating at 88% occupancy for the past 10 years. The resort has a total of 2,700 rooms. Fortunately, for you, it needs 3,000.

A developer is building 300 condos right on the golf course. These will be built to hotel specs because the resort wants to rent them all to guests. You’ll be able to rent your condo to the resort for a fixed annual rent.

The condos will be located a block from the new 7,600-square-meter clubhouse. Amenities here include shops, tennis courts, a spa, and restaurants overlooking the natural wells that dot the golf course.

Prices start at $154,000. This includes full fit-out and furniture. Depending on the unit, you’ll pay $1,623 to $2,750 per square meter. By comparison, in nearby Playa del Carmen, beachfront units cost $4,000 to $5,000 per square meter. The fixed annual rent on a $154,000 unit is $9,000. This is net—you are not responsible for any of the costs.

I’m bullish on the right crisis opportunities in Europe, and the strongest and most reliable yields right now are in the UK. You can buy prime, quality, and cash flow positive real estate for substantially less than you would have a few years ago (sometimes half).

Manchester has successfully made the transition from old industrial to trendy and innovative. It’s a world-class business environment: 65 of the FTSE 100 companies now have a presence here. Manchester also has a vibrant university and academic sector with 100,000 students across five universities.

A developer here is being squeezed by the banks. He needs to off load units quickly. The units here are complete and furnished, and the management company is up and running, so units come with tenants in place. £99,950 ($156,683) buys you a high-spec, 2-bed apartment. The location is just 500 yards from the new Manchester Metropolitan University site and close to Manchester city center. Your pool of potential renters is wide and deep.

The price includes full furniture, all white goods, flooring and a secure underground parking space. Tenants in place pay a monthly rent of £650 ($1019) grossing you a yield of 7.8%. Prices you can get in on are 22% lower than the value put on these units by the Royal Institute of Chartered Surveyors last June. At the peak of the boom, I estimate that these units would have sold for £180,000 ($282,125). Contact info@torcana.com for more details.

This article has been republished from Pathfinder International. You can also view this article at
Pathfinder International, a site discussing international real estate opportunities.

 

Investors are increasingly looking to overseas property as a more reliable and profitable investment opportunity.

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