A finance graduate, Ronan McMahon worked in the e-business consultancy and dot-com industries before joining International Living as Real Estate Marketing Director in January 2004. Ronan has been an active real estate investor since his early twenties and joining International Living gave him the opportunity to marry his personal and professional interests. Last year Ronan took up the position of Executive Director with Pathfinder. Pathfinder is International Living’s preferred Real Estate advertising partner. Pathfinder scours the globe to find the most unique and value-oriented real estate opportunities.What we’re about to tell you may surprise you. Where we find these spectacular deals is in global real estate.
Real estate allows for fast wealth building because of all the built-in advantages. You can invest a relatively small amount of money to control a large asset. When real estate is in a down phase in one region, there are still opportunities to profit elsewhere. It’s what made Donald Trump rich. And Donald Trump owns property all over the world, including Dubai, Mexico, Puerto Rico, and the Dominican Republic.
The Forbes 400 has at least 29 billionaires who made their money in real estate. In fact, real estate is responsible for creating more millionaires and billionaires than any other kind of investment or industry. It’s always been one of the safest, most profitable ways for the average person to create great wealth.
For instance, here’s how easily you can turn a profit in today’s economy…
Recently, we learned about an investment where you could buy right from the developer for $20,000 less than the going rate. Which means you could have turned around and sold it, made $20,000 with a few phone calls in a matter of weeks. Through a handshake deal, the developer offered a few of his most prime units at a discount to family and friends to create buzz for his latest development. There were no restrictions and those fortunate enough to grab the units were able to sell them when they wanted to. Not only that, but some of those people were also able to secure their properties with low down payments.
And there are many other investments that are still making people money, and didn’t loose all their value in recent months…
Earlier, in the first months of 2005, we found out about a project where ocean-view condominiums were selling for $120 a square foot. Today, similar properties are pre-selling for $350 per square foot. Investors who knew about this investment–and acted on it–stood to make tremendous profits over a short period of time.