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3 Places To Own Your Dream Second Home In The Sun For $75,000 Or Less

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You do not need a jet-set budget to take advantage of the world’s number-one wealth-building strategy.

I’m talking about opportunities to buy into property markets overseas.

By focusing on emerging markets, a modest investment of $67,000, for example, can generate a steady cash flow of $9,000 to $10,000 a year.

And you wouldn’t be buying the kind of one-bedroom cookie-cutter condo you might expect to find on the bottom rung of the U.S. property ladder…

You could be buying on a world-class beach in one of the world’s most appealing places to spend time… meaning your vacation or second home in the sun could double as a cash-generating rental when you’re not using it yourself.

In addition, you’d be diversifying outside the U.S. dollar and U.S. markets.

As the earth continues to shift under us, spreading our wealth into different pots… and across different currencies and international borders… is more critical than ever.

And, I say again, you can avail of this critical wealth-building and lifestyle-enhancing strategy even if your budget for buying is super small.

We refer to them as “pocket money” markets—places where you can invest in the second home in the sun of your dream for less than six figures.

In fact, in a number of key markets right now, you can get in for as little as $75,000 or less.

For example…

Brazil

Long famous for its miles of golden-sand beaches, including such icons as Ipanema and Copacabana, it’s hard to imagine snapping up a beachfront property in Brazil for less than six figures. But in the northeastern state of Ceará, the beaches are just as stunning (without the crazy crowds of Rio)… and prices are undervalued.

The path of progress today is on the stretch of coast from the city of Fortaleza (with its own international airport) down to the resort of Canoa Quebrada and beyond. Best of all, the tourist industry is driven by the locals. Though international visitor numbers are rising, the economy is not dependent on foreign tourist dollars.

Also on your side in this market is the currency advantage. Right now, the dollar is trading at over 5 Brazilian reais. That means that everything from eating out to staying at a hotel to buying property comes at a significant discount.

For the best returns, look for property right on the sand—or as close as you can get to the front line. Prices for beachfront condos start from $67,000 and can earn an annual net yield as high as 15%, making this one of the best places in the world to invest in a tourist rental property.

Dominican Republic

In 2019, Dominican Republic snatched the accolade of number-one tourist destination from Cancún during the Thanksgiving travel period. Hailed by Condé Nast as “the Caribbean’s new hot spot,” we expect this country to continue upward when people start to vacation again.

Within the Dominican Republic, there are two main markets of interest to investors—the beaches of the Samaná peninsula (especially those close to the town of Las Terrenas)… and the capital city, Santo Domingo. Both have strong tourism appeal, but it’s the capital where it’s still possible to take a position for less than $100,000.

As the oldest city in the New World, Santo Domingo offers visitors a rich culture with plenty of museums and theaters. In addition, this is an increasingly cosmopolitan city with opportunities for fine dining, shopping, and live baseball… all right on the coast and within close proximity to top beaches.

The city’s Zona Colonial, a UNESCO World Heritage site, offers countless Spanish-colonial buildings—it’s possible to find renovated apartments for as little as $70,000.

Northern Cyprus

Northern Cyprus is the part of Cyprus that falls under Turkish control. Despite the political issues, business continues as usual on both sides of the border… though, to the point, prices remain far more affordable on the Turkish side.

Northern Cyprus also has the advantage of holding most of the island’s coastline. As well as attracting sun worshippers, it has a strong casino industry (hence its reputation as the “Las Vegas of the Mediterranean”) and a burgeoning medical tourism sector. All of this means a growing demand for tourist accommodation.

The best deals we’re seeing here are in pre-construction projects at coastal resorts where your investment can be fully turn-key. Prices start from about $75,000, and net rental yields are in the range of 11% to 15%.

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