Tag Archive | "Kjetil Haugan"

Economic Correction Opportunity


The current economic correction is creating some great investment opportunity. Here are three economic correction opportunity ideas I have seen already.

Economic correction opportunity #1: Recent messages mentioned that a golf course on Lake Yaguarcocha, just five minutes north of the city of Ibarra is for sale. This is just a little more than half hour drive along main highways north from Cotacachi. Here is the lake.

Ecuador Day 3 089

There is a ridge which runs between the lake and the city of Ibarra and from a local lookout point you get the view of the lake above and also the city below.

Ecuador Day 3 087

Here is a picture of our last real estate course delegates eating lunch at the course.

P1030417

There is 22 acres in total and room to build townhouses along the course. Steve just posted a full report abut this.  Here’s a shot of one of the fairways with the lake and mountains in the background.

P1030463

The course includes 44 seat restaurant. (The patio can seat a further 100 people).

P1030525

Steve Marchat has posted a full report on the details of the sale for Ecuador Living subscribers.

Learn how to subscribe here.

Economic correction opportunity #2: We just finished our International investing and business course in North Carolina and I outlined why I am now looking at foreclosure property for sale in Portland Oregon. Property prices are down but the potential in Portland is up.

An October 5th Oregon Live article by Eric Mortenson entitled Look our, oregon, for a global warming land rush says: By 2060, a Metro economist said, the seven-county Portland area could grow to 3.85 million people — nearly double the number here now.

Then Lorna Stickel, a planner with the Portland Water Bureau, stood to ask a question. Does the population projection, she asked, account for the possibility of climate change refugees?

That article uses Rebecca Niday, a Realtor from Florida, as an example. She moved to Rhododendron for Oregon’s more moderate weather. Experts speculate that such migration could become more common if climate change causes other areas to dry up, brown out or get increasingly hammered by storms.

The article continues: What if the American Southwest dries up, browns out, and those people now misting their patios in Arizona head to the still-green Pacific Northwest? What if Californians hit the road north in numbers far surpassing the 20,000 who now move to Oregon each year? What if the polar ice melts, oceans rise and millions living along coastal areas — or ravaged by Katrina-like storms — have to move?

What happens, as Oregon becomes more attractive and other places become less attractive?

Property prices will rise and those who buy wisely now will see prices like we will never see again. Look for places that will thrive due to global warming.

Economic correction opportunity #3: Illiquid bonds offer unusual returns. Take a look at lower quality bonds now. Take for example the US dollar 8.5% TITAN PETRO issue that matures 18/03/2012 .  This bond was recently selling at a discounted price of 59.00 so its yield was 26.93%.  Then that discount dropped even more so the issue had a 45% yield. The risk premium is way out of line…much more than the risk.

Some General Motors bonds are paying 70% interest.

We are creating a complete report about these bondsfor our Multi Currency Course subscribers.

Learn how to subscribe to our Multi Currency Portfolios Course here.

This time of economic correction was predictable. So too are the profits that will be made from this shift.

I look forward to sharing the opportunity with you.

Gary

Merri and I love our lives in North Carolina’s mountains but autumn’s frosty bite has arrived. The trees along the creek are golden now.

Ecuador-exports-reason

Instead of sitting in the cold and gray we move to Ecuador’s Pacific coast and Cotacachi, enjoying warm, sunny weather at unbelievably low prices.

Many who join us pay for their trips with Ecuador products they buy and export. One delegate who just visited told us he bought 150 Ecuador shawls at $1.50 and exported them to sell at $19.95. He paid for his entire trip and made a small profit.

At our Ecuador exports course we look at how to combine ideas and products to make them worth more. For example here I combined Ecuadorian carpets with Ecuadorian carved wood frames to make Ecuadorian art.

Ecuador-exports-art

Our Oct 14-18 Ecuador Import Export Course is a great place to do your Christmas shopping and learn how to have an Ecuador export business in the process. The course has one space left. See more here.

Learn this November more about Ecuador and emerging bonds. Join Merri, me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador

Stay on for our Imbabura real estate extension. See wonderful condos for sale at $46,000 in Cotacachi with beautiful hardwood interiors like this.

multi-currency-Ecuador-condo-bedroom

Nov 10-11 Imbabura Real Estate tour

Then travel to the coast. Enjoy Ecuador’s coast and see condos for $89,000 on Ecuador’s Pacific with views like this.

Ecuador-exports-view

November 12-15, 2008 Ecuador Coastal Real Estate Tour;

The coastal tour includes a free one day Quito Real Estate Tour November 16, 2008.

See discounts for two or more of these courses and tours

Multi Currency Trends


We see multi currency trends everywhere when we look and think.

For example, I love a naturally healthy lifestyle and do not endorse the concept of using pharmaceuticals. Yet I do not let my personal beliefs blind me to the multi currency investing trends that I see developing.

This is why why several months ago, we looked at the idea of investing in shares of Novo Nordisk in an article entitled “Multi currency investing beats inflation.”

A much as I hate the fact, conditions suggest that we will see a trend away from healthy and organic eating. I believe this trend will shrink because a larger segment of the population will be hard pressed to pay for what they eat even if it is not the healthiest.

Food price will outweigh quality.

Sales of fast, cheap high carb, high fat food will rise…as will blood sugar problems and diabetes.

Novo Norsk is the largest maker of insulin so it makes sense that this company will do well.

Jyske Bank agrees and has given a buy signal on Novo Norsk shares.

Jyske recently set this memo to me.

Novo Nordisk (BUY): Capital-markets day confirms potential

On Friday 26 September, Novo Nordisk held its capital-markets day. The day did not bring any important news but it confirmed our assumptions that the market is underestimating the company”s growth potential within the diabetes business. We particularly have a more optimistic view of the launch of liraglutide compared with the market. Therefore, we maintain our BUY recommendation with a 12-month price target of DKK 380.”

You can read more about these shares in my multi currency portfolios course. You can subscribe to our multi currency portfolios course.

Until next message, good global investing to you.

Gary

Merri and I love our lives in North Carolina’s mountains but autumn’s gold is here

multi-currency-leaf change

Instead of sitting in the cold and gray we move to Ecuador’s Pacific coast and Cotacachi, enjoying weather and views like this.

multi-currency-views

Join us in Ecuador and enjoy the festivals.

multi-currency-festivals

Our Oct 14-18 Ecuador Import Export Course has two spaces left.
https://www.garyascott.com/catalog/ecuador-import-and-export-tour

Enjoy the colors…

multi-currency-colors

and the grace of the people.

multi-currency-grace

Learn this November more about Ecuador and emerging bonds. Join Merri, me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

See the wonderful balconies in the Primavera condos at for sale at $46,000 in Cotacachi.

multi-currency-Ecuador-condos

multi-currency-Ecuador-condo-bedroom

multi-currency-Ecuador-condo office

Nov 10-11 Imbabura Real Estate tour
https://www.garyascott.com/catalog/ecuador-real-estat

Then travel to the coast. Enjoy the Vistazul fresh seafood caught in front of the hotel by these fishermen on Ecuador’s Pacific.

San Clemente Fishermen

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
https://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

See discounts for two or more of these courses and tours

Multi Currency Problems


Multi Currency problems will grow as 60 million baby boomers have begun to retire. Pensions and Social Security will be paid in US dollars but our import crazy nation will be spending multi currencies. A falling US dollar and inflation will severely squeeze these retirees into one of five options.

#1: Keep working
#2: Move to less expensive areas within the US
#3: Export their retirement
#4: Live in near poverty
#5: Die

A fun multi currency business that helps retirees to continue earning multi currencies is a great alternative.

Merri and I are now applying for our Social Security. See why at Multi Currency Investment Forces.

Yet we are busier than ever. I try to answer all my personal email almost every day, though this often runs into the hundreds messages. One reader upon getting a prompt response wrote:

“Thanks, Gary! I’m not sure how you manage to be so responsive to emails, but I certainly appreciate it! Thank you!

My reply may help you develop your own multi currency business.

It is a simple three step formula,

#1: I put in long hours.
#2: I answer 70% of the emails each day with a pre prepared reply since 70 % of the emails people ask the same question.
#3: I love what I do and love helping people.

The first step is easy due to the third step.
When you are having fun working it isn’t really work. We have fun every day! Merri and I do what we love and have learned that through our global business we can accomplish far more important goals, gain self fulfillment and be of service to our community. In short we can help make ourselves and the world a better place.

Most important, we can give as well as receive. Among our greatest thrills is being able to help others through foundations that help the environment and the poor. Learn more about this and our multi currency business course at International Business Made EZ

Tomorrow’s message looks at more Ecuador pictures and at an important multi currency trend.

Until next message, may all of your work be a joy.

Gary

Merri and I love our lives in North Carolina’s mountains but after autumn’s gold, the weather looks like this!  This may get our herd of horses excited but it just makes Merri and me shiver!

multi-currency-horses

Instead of sitting in the cold and gray we move to Ecuador’s Pacific coast and Cotacachi, enjoying weather and views like this sunrise shot from our bedroom.

multi-currency-Ecuador-condos-dawn

Our Oct 14-18 Ecuador Import Export Course has two spaces left.
https://www.garyascott.com/catalog/ecuador-import-and-export-tour

Learn this November more about Ecuador and emerging bonds. Join Merri, me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

See the wonderful balconies in the Primavera condos at for sale at $46,000 in Cotacachi.

multi-currency-Ecuador-condo kitchen

Nov 10-11 Imbabura Real Estate tour
https://www.garyascott.com/catalog/ecuador-real-estat

Then travel to the coast. Enjoy the Vistazul surf with me on Ecuador’s Pacific.

Gary in Surf

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
https://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

See discounts for two or more of these courses and tours

Multi Currency Financial Crisis


The multi currency multi market financial crisis has hit the equity markets everywhere. To my surprise emerging markets have turned out to be very resistant to this crisis compared with other asset classes.

Look at the multi currency major markets year to date as of last week. The German DAX stock market index is down by 27% year to date! The Japanese Nikei 225 is down from 16,500 to 11,500. The Dow in the US has dropped from 13,000 to below 11,000.

Yet the diversified multi currency emerging market index was up +3.67% year to date.

This is an error I made in my personal portfolio. When I reduced my equities last year, I sold my good value emerging markets fund and kept my major markets good value equity fund.

I knew that emerging markets outperform major markets. I knew that emerging markets recover faster than major markets. Yet my belief was that emerging markets would drop faster than major markets in turbulent times. This belief was wrong as the indices above and fund performance below shows.

The stronger emerging markets can be seen via mutual fund performance as well. Look at the return for year to date, three and five years for Jyske Invest’s global and emerging market equity funds.

Multi Currency Fund
Performance 1 year 3 years 5 years
Jyske Invest Global Equities -15.92% 23.67% 67.73%
Jyske Invest Emging Mkt Eqt. -12.57% 70.75% 181.31%

The shift continues from the old world to the new. The United States is in the doldrums and is not the only industrialized country feeling strain. Remember this is the era when small and new is good!

Here is the multi currency investing point. As the current economic cleansing evolves, the rebound may be better in emerging equity markets countries than in major equity markets.

You can learn better ways to invest in emerging equity markets in our multi currency portfolios course. You can subscribe to our multi currency portfolios course.

Tomorrow’s message looks at how to cash in on this multi currency business opportunity.

Until then, good global investing.

Gary

Merri and I love our lives in North Carolina’s mountains but after autumn’s gold, the weather looks like this! Here I am with Ma feeding the birds in front of our house.

multi-currency-cold

We won’t make that mistake again! Instead we move to Ecuador’s Pacific coast and Cotacachi, enjoying weather and views like this one shot of Ma an me looking at birds on a sunshine filled hike instead.

multi-currency-Ecuador-condos-hike

Tomorrow’s message looks at more Ecuador pictures and the benefits of a multi currency business.

Until then, good multi currency investing.

Gary

Our Oct 14-18 Ecuador Import Export Course has two spaces left.
https://www.garyascott.com/catalog/ecuador-import-and-export-tour

Learn this November more about Ecuador and emerging bonds. Join Merri, me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

See the wonderful balconies in the Primavera condos at for sale at $46,000 in Cotacachi.

multi-currency-Ecuador-condo-interior

Nov 10-11 Imbabura Real Estate tour
https://www.garyascott.com/catalog/ecuador-real-estat

Then travel to the coast.  Enjoy  the Vistazul swimming pool on Ecuador’s Pacific.

Picture 9

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
https://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

See discounts for two or more of these courses and tours

Multi Currency Emerging Bonds


Multi currency emerging bonds denominated in the US dollar and euro can increase yields by 50% to 100%.

Two recent multi currency messages about multi currency bonds showed how to get numerous governments to guarantee dollar and euro denominated bonds. They pay 50% to 100% more than local government bonds of the same maturity.

However if you can accept some forex risk, multi currency bonds in emerging currencies can shoot yields into the stratosphere and more than triple what you earn from a US dollar treasury bond.

For example this portfolio of multi currency emerging bonds yields

Egypt EGP Pound 2012 10.81%
Eur Inv Bnk ZAR Rand 2009 11.51%
Hungary HUF Florin 2009 8.49%
RABOBANK RON Leu 2010 10.48%
Gazprom RUB Ruble 2010 7.00%
Eur Inv Bnk TRY Lira 2010 17.25%
Brazil BRL Cruzero 2016 11.13%
Mexico MXN Peso 2009 8.24%

The average yield is 10.61% and this portfolio is guaranteed by four governments and four top quality (still) borrowers.

We are reviewing how to enhance this profit even more with multi currency loans in our multi currency portfolios course. You can read this and learn how to buy these bonds as a multi currency portfolios course subscriber.

The financial crisis has hit the international capital markets in earnest. Emerging markets have turned out to be very resistant to the crisis compared with other asset classes.

See in tomorrow’s message why emerging market equities have been safer than major markets this year and may recover better as well.

Until then, good global investing to you.

Gary

Merri and I love our lives in North Carolina’s mountains but after autumn’s gold, the weather looks like this! Here we were one year at the entrance of our farm.

multi-currency-winter

We won’t make that mistake again! Instead we move to Ecuador’s Pacific coast and Cotacachi, enjoying weather and views like this one shot of sunrise in Cotacachi from our bedroom.

multi-currency-Ecuador-cotacachi-dawn

Tomorrow’s message looks at more Ecuador pictures and the benefits multi currency emerging equities.

Until then, good multi currency investing.

Gary

Our Oct 14-18 Ecuador Import Export Course has two spaces left.
https://www.garyascott.com/catalog/ecuador-import-and-export-tour

Learn this November more about Ecuador and emerging bonds. Join Merri, me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador. We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

See the wonderful balconies in the Primavera condos at for sale at $46,000 in Cotacachi.

multi-currency-Ecuador-condo-balcony

Nov 10-11 Imbabura Real Estate tour
https://www.garyascott.com/catalog/ecuador-real-estat

Then travel to the coast. See the Vistazul sunset on Ecuador’s Pacific.

Palmazul Sunset

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
https://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

See discounts for two or more of these courses and tours.

Multi Currency Penny


The multi currency penny drops as the dollar…and the euro fall.

Multi currency investors should ask. Is the US running out of wealth…figuratively as well as literally? Plus should the penny be dropped?

Multi currency investors also know that the penny literally should be dropped. Actually even the nickel should be dropped as well.

At the end of 2007, when metal prices were high, it cost 1.67 cents to mint a penny and nearly a dime to make a nickel.

The US mint estimates that striking these two coins created a loss for US taxpayers of about $100 million last year. Drop the penny and nickel and perhaps US tax payers would only have to spend $699 billion on the bail out.

Plus these are pretty meaningless coins realistically speaking. What can you buy for a nickel or a penny? They are only worth something figuratively.

Yet no administration will dare drop them…which is a point that we, as multi currency investors, should note. The US administration and most investors continue to live in a figurative world they cannot afford. Realistic multi currency investors can make literal profits from the majority’s inability to shift from the figurative to the real world.

The US has joined Japan and Europe as part of the old world, and the old world is not where the action is, even during these difficult economic times.

The shift continues from the old world to the new. The United States is in the doldrums and is not the only industrialized country feeling strain. This is the era when small and new is good!

This is why I have not been surprised to see emerging markets hold up better than
major markets during the current crisis.

A recent message about Multi Currency Risk Premium showed how to increase yields by 50% by investing in euro using emerging bonds.

Yet the euro can (and has) dropped against the US dollar, so emerging dollar bonds make sense as well as euro emerging bonds….especially because these dollar bonds can double the yield of Treasury dollar bonds.

We just sent our multi currency portfolios course an emerging dollar bond portfolio guaranteed by five governments that yields 5.79%.

You can see this portfolio when you subscribe to our Multi Currency Portfolios Course

A reader just shared a refrain about emerging markets that I am hearing, more and more, when she wrote:

“Gary, I just wanted to let you know how very much I’m enjoying all the information on Ecuador. For the past year or two I’ve been telling friends and family that I’d much prefer to live in an established 3rd world country on its way up, than the new 3rd world country I fear the US is becoming. Until yesterday, everyone thought I was nuts! I adore Ecuador! I had the priviledge of spending 2 months there a mere 29 yrs ago and have often dreamed of returning. Next Nov I’ll turn 50 and will be returning to Ecuador for another extended stay. I can’t wait! On that trip 29 yrs ago, my friend and I talked about importing the beautiful handicrafts we found in the Otovalo market and in the surrounding mountain villages. I’m looking forward to revisting that idea. Thanks for all that you and Merri do!”

This is how we feel about Ecuador. This country is on its way up as North Americans move south. One great benefit Ecuador has is warm weather. Merri and I love our lives in North Carolina’s mountains but after autumn’s gold, the weather looks like this! Here we were one year at the entrance of our farm.

multi-currency-snow

We won’t make that mistake again!  Instead we move to Ecuador’s Pacific coast and Cotacachi, enjoying weather and views like this one shot we shot ovelooking San Pablo Lake and Otavalo which are near our hotel.

Tomorrow’s message looks at more Ecuador pictures and a multi currency bond portfolio that can triple your income!

Until then, good multi currency investing.

Gary

Our Oct 14-18 Ecuador Import Export Course has two spaces left.
https://www.garyascott.com/catalog/ecuador-import-and-export-tour

Learn this November more about Ecuador and emerging bonds.  Join Merri,  me, Steve, Kjetil Haugan and Peter Conradsen of Jyske Global Asset Management in Cotacachi Ecuador.  We’ll review economic conditions, Ecuador real estate, my entire portfolio and investing and business  ideas for the months ahead.

Nov 7-9 2008 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

See these condos at for sale at $46,000 in Cotacachi.

multi-currency-Ecuador-condos

Nov 10-11 Imbabura Real Estate tour
https://www.garyascott.com/catalog/ecuador-real-estat

Then travel to the coast.  See the Vistazul, Ecuador Pacific views like this.

ecuador-beach-condo-sunset-view

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
https://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

See discounts for two or more of these courses and tours.

Ecuador Beach Condo Savings


Ecuador beach condos in San Clemente offer special value now for seven reasons shown below.

Bahia, is in my opinion, one of the nicest towns on Ecuador coast. Pacific Coastal condos in San Clemente, only thirty minutes, away offer some of the best value that Merri and I have found.

These San Clemente coastal condos are called Vistazul and they offer an even more special opportunity now. Here are delegates on our last Ecuador coastal real estate tour going over to look at the Vistazul model which is 75% complete.

Vistazul-Ecuador-beach-condos

Merri and I are back from a quick trip south…to Cotacachi and to visit our Ecuador coastal condos in San Clemente. These Ecuador coastal condos are special, value wise, for seven reasons.

First, over ten years ago, Merri and I drove almost the entire length of Ecuador’s coast with our Norwegian friend, Kjetil Haugan. This trip included a visit to San Clemente which is a tiny fishing village on the Ecuadorian Pacific.

We saw that San Clemente Ecuador offered special value for Ecuadorian beach real estate. This was one of Ecuador’s best beaches, but just 45 minutes north of Manta and only a half hour to Bahia Ecuador.

Here is the San Clemente beach.

Ecuador-Coastal-Beach

Kjetil bought 12 acres of land on this beach in San Clemente…then…ten years ago. This is the first reason why the Vistazul Ecuador Coastal condos offer special value now. A recent message outlined how we conducted real estate tours and urged readers to buy Ecuador beach property around Manta over ten years ago because land on Ecuador’s coast now is still a terrific value. Yet especially around Manta, land has appreciated as much as 800% in the last decade. Many of our readers and real estate tour delegates of a decade ago purchased ocean view house lots at $2,500. These same lots as resales are now selling at $17,500.

Kjetil can offer really great Ecuador beach condo prices because he bought the land at rock bottom prices years ago.

Many Ecuador coastal properties are popping up now but most developers are buying land to develop…at current, much higher prices.

San Clemente is catching on. Already we are told that one of our readers purchased a large beach front property (to develop I assume) just a few hundred yards from the Vistazul project. This reader cannot compete with Vistazul price wise because the current price paid for the land is so much higher.

The second reason there is special value there is that Kjetil has more than a decade of business and Ecuadorian experience. His wife’s family have long been involved in construction. His father in law is an engineer who has great experience at building on the coast.

Here is Jessica Haugan, Kejtil’s wife, who operates the Palmazul Spa welcoming our delegates to inspect the model.

Vistazul-Ecuador-beach-inspection

Here is Kjetil and his father-in-law, Julio, showing delegates the roof garden on unit #207 (the lowest view and price).

Vistazul-Ecuador-beach-condos-builders

Third, the Vistazul beach condos offer special value because Merri and I do not charge commissions. We do not make a penny when people buy Ecuador real estate.

Our readers have purchased many millions of dollars of Ecuador real estate in Galapagos, Mindo, Cotacachi, Quito, Vilcabamba, Cuenca, on the Pacific Coast, and elsewhere around Ecuador. Merri and I may have helped more gringos buy Ecuador real estate than anyone else. Yet we are not real estate brokers and do not take commissions for this.

The fact that Merri and I liked, felt confident in and invested ourselves in Vistazul, means that Kjetil has been able to sell two thirds of these coastal condos without paying a penny of the normal sales commission. This has saved him as much as $500,000. This does not mean Kjetil has pocketed this extra cash. I asked (and he agreed) to pass this savings onto buyers of Vistazul who are Ecuador Living subscribers.

Here is the Palmazul Spa and the clubhouse for Vistazul. This is where our coastal real estate delegates stay.

Vistazul-Ecuador-beach-condo-clubhouse

Fourth, Kjetil built the beach condo club house first…last year…when cement and concrete prices were about half they are now. Plus he made a very intelligent decision to run the clubhouse as a hotel…Palmazul.

Three buildings with 19 units are under construction. We were pleased last week to view th progress.

Here they are. You can see each level of construction. The 63 units are set out on the 12 acres so no building blocks the view of another.

Vistazul-Ecuador-beach-condo-totals

Fifth, we center our Ecuador coastal real estate tours around the Palmazul club house which means we send hundreds of guests there. This provides substantial income so condo owners do not have to bear as large an expense to maintain the club house.

Front door of a Vistazul unit.

Vistazul-Ecuador-beach-condos-frontdoor

Sixth, Because Merri and I understood the project, we were willing to invest up front. Our many years of work with Kjetil have created a bond of trust. Because of this Merri and I, plus one of our friends and two of our daughters bought the first twelve units. In other words, nearly 20% of the Vistazul project was sold before Kjetil even began to break ground.

Here is a Vistazul ground floor interior…looking back.

Vistazul-Ecuador-beach-condos-interior

And front with our friend from Telluride, Bob Humphrey.

Vistazul-Ecuador-beach-condo-inside

Seventh, Kjetil also has one of the largest Spanish schools and travel agencies in Ecuador. This provides marketing clout and gives Kjetil the ability to help bring condo renters to San Clemente.

Staircase.

Vistazul-Ecuador-beach-condos-stairs

In summary Vistazul has many excellent value features:

* Low land costs.

* Infrastructure competed before inflation.

* Two thirds of the units sold.

* Construction experience.

* Low cost marketing for sales and renter.

* Perfect on the beach location.

* Master Bedroom looks over the sea.

Vistazul-Ecuador-beach-condos-masterbedroom

This is why I have been encouraging readers to look at Vistazul. There are 63 units to be built. 42 of these Ecuador condos have sold since I first wrote about these condos just nine months ago. Now Kjetil is also offering ten year mortgages at 8.5%,. I expect the remaining 21 units to sell quickly.

Ecuador coastal delegates inspect roof garden and lowest view.

Vistazul-Ecuador-beach-condos-Front

Due to inflation, Kjetil has raised his prices, but due to our original agreement with him he has still been offering a discount to our Ecuador Living subscribers.

That offer expired after our last Ecuador Coastal real estate tour but I asked him to continue the special until October 1, 2008.

This is significant because I always advise readers to never buy Ecuador real estate sight unseen. Kjetil, in his agreement with us, allows those who make a deposit 60 days to come down and visit the condos on the beach. This means that those who make a deposit before October 1 can hold their unit until our November 12 – 15 Coastal tour when they can inspect the property.

Here are the remarkable values on these Ecuador beach condos.

There are three levels of condo.

All units are identical…except for a few options available in tile, cabinets, doors, counter tops etc. Price differences relate to view. The higher on the hill, the higher the price.

Coastal tour delegates on roof garden of lower unit.

Vistazul-Ecuador-beach-condos-top-floor

For details on the units below contact Thor Anderson at thor@sanclementeecuador.com

Lower level units available are #: 104 – 205 – 207 – 302 – 305 – 503 – 506.

Price is $89,000 or $22,250 down and $828 a month.

Ecuador Living subscriber price available until October 1, 2008 is $79,000 or
$19,750 down and $735 a month.

Medium level view.

Vistazul-Ecuador-beach-condos-panorama

Medium level units available are #: 602 – 603 – 604 – 605 – 801 – 805 – 806.

Price is $115,000 or $28,750 down and $1,068 a month.

Ecuador Living subscriber price available until October 1, 2008 $99,000 or $24,750 down and $921 a month.

Upper level view at sunset.

Bahia-Ecuador-coastal-condo-views

Upper level units available are #: 901- 902 – 904 – 1101 – 1102.

Price is $139,00 or $34,750 down and $1,293 a month.

Ecuador Living subscriber price available until October 1, 2008 $125,000 or $31,250 down and $1,163 a month.

To obtain the discount you must be an Ecuador Living subscriber.

For details on the units below contact Thor Anderson at thor@sanclementeecuador.com

Vistazul kitchens have marble cabinet tops. The cabinets are not yet installed in this shot and there are breakfast bar height options.

Vistazul-Ecuador-beach-condos-breakfast bar

For details on the units below contact Thor Anderson at thor@sanclementeecuador.com

Until next message, may all your values be good.

Gary

Join us in November to inspect Ecuador property for sale.

Vistazul-Ecuador-beach-condos-model

Our September 17-20 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour was sold out as was our September 28-29 Imbabura Real Estate Tour was sold out.

Our Oct 14-18 Ecuador Import Export Course only has a couple of spaces open.
https://www.garyascott.com/catalog/ecuador-import-and-export-tour

We still have space in November.

Join us in Cotacachi at El Meson de las Flores.

cotacachi-daybreak

Nov 7-9 International Investing and Business Made EZ Ecuador
https://www.garyascott.com/catalog/international-business-made-ez-ecuador

See these condos at $46,000 in Cotacachi.

Nov 10-11 Imbabura Real Estate tour
https://www.garyascott.com/catalog/ecuador-real-estat

Dine with delegates at the Vistazul clubhouse.

Ecuador-fishng-view-4

November 12-15, 2008 Ecuador Coastal Real Estate Tour; Quito Real Estate Tour
https://www.garyascott.com/catalog/ecuador-coastal-real-estate-tour

Ecuador Beach Property Opportunity


This week I promised we will focus on vision, but here we are Monday and I am already writing about something else…an Ecuador Beach Property Opportunity.

I have departed from my plan and switched to this Ecuador beach property opportunity because a special situation forces me to explain how I have managed to remain one of the smallest yet, most profitable publishers who, as of May this year, has been in business 40 years…making millions while working from home without employees.

In the process of reading this, some of you will discover what I consider an extra  special Ecuador beach property opportunity…genuine and that will probably never seen again.

This opportunity comes because the way I have survived and prospered as a tiny guy playing on a field with giants…is by being fanatical about developing unique and highly profitable products that are only available through our publications, courses and tours.

Let me give you a specific example by describing my relationship with the Ecuador beach property development, Vistazul.

Many Ecuador real estate deals offer good value, but Vistazul offers exceptional value because my fanaticism spotted special circumstances that with my help made it so for you…my reader.

This process received a kick start last year when I learned that a friend, Kjetil Haugan, was going to develop a small beach condo project.

Merri and I have known Kjetil for more than a decade.  He has shown himself to be a truly dependable and trustworthy businessman.  We had viewed the property he was planning to develop with him when he bought it nearly a decade ago.  So we knew the area and were comfortable with it.

We visited and really like the the project which led me to believe that many of my readers would like it as well.

How could we not fall in love with Vistazul…here Merri and I stroll the miles of empty Ecuador beach with our hound dog Ma.

Ecuador-Beach-Property-walks
The water is warm and Caribbean Blue.I can let the wave knock me around for hours!

Ecuador-Beach-Property-surf

Even better Kjetil had already built the project’s club house (which operates as a hotel).  He had put his money up front unlike most developers who promise to build a common building but want to seeing buyers’ money first.

This is a spectacular club….exactly on Ecuador’s beach.  The condos are being built on the green hill you see, just behind the clubhouse.

Ecuador-beach-property-beachclub
Club members have free access to the tennis court.

Ecuador-beach-property-tennis

Ecuador Beach Property

This is a great place for children and grandchildren.

Ecuador-Beach-Property

Club memers have a spectacular pool. Here is one of the new owners with the developer Kjetil Haugan and his children.

Ecuador-beach-preoprty-pool

Dining is exquisite as are the club dining facilities and view.

Ecuador-beach-property-dining

Plus after lunch or dinner…the club is a great place to relax.

Ecuador-Beach-Property-Hammocks

This was all done…in place…real…not just a promise so I made Kjetil an offer that I hoped he could not refuse. This was an offer that was good for him…really good for my readers…really good for the community and good for my business because it offered a unique and highly profitable opportunity only available through my ezine and tours.

The project was to be built on this hill.  Here s a shot taken from the beach front clubhouse.

Ecuador-beach-property-site

Merri and I offered to consult with Kjetil on how to build condos suited to our readers.  Then we offered to buy the first five condos ourselves and introduce a friend who would match this.  That first purchase provided the money for the infrastructure and original construction. Plus I introduced two of my daughters to the project and they each bought a condo as well.

So the club house was done and a fifth of the project was sold (we all paid cash) from the get-go.  I also promised to let my readers know about his project. Based on previous experience, chances were the condos would sell out to just my readers.

Here is the interesting part.  I wanted no commissions.   I told Kjetil that I do not sell real estate. I did not want any commission, advertising or remuneration for this.

This was a compelling offer!   Normally commissions on Ecuador property can run 8%.  Kjetil might save a half million dollars based on my offer.

Simply put, if he could finance and sell his project without sales and financing costs, nobody could compete with him and build so much, offered at so little..

All I asked for in return was that these savings be passed onto my readers…AND the offer be made exclusive to my readers!

We worked out a price specifically set aside for my readers of $79,000…a really good price!

My reasoning was that helping my readers buy better Ecuador beach condos at lower prices than anybody else would be good.   I would pick up more readers and more of them would sign up for our coastal real estate tour….just so they could see this special condo deal.

My plan was that this would keep my Costal real estate tours filled through the year.

We visited, we were lucky enough to bring our friend, an international Fung Shui expert, and worked with the local community to be sure they were happy with the environmental standards.

Kjetil began.

Ecuador-Beach-Property-footers

These are recent constructions shots of the condos which will look like the clubhouse.

Here is the site plan for 64 units in all…sitting in block of three to seven units.

Ecuador-beach-property-plan

Here are more construction shots.

Ecuador-Beach-Property-building

I wrote my first article and sure enough readers reserved nearly half the project in a week (about two millions dollars in reservations).

What a start.

This would allow me to sit back, relax and watch my coastal tours fill up as my readers would come and see these excellent condos…which were available exclusive to my readers.   So I thought.

These were my best laid plans.

But you know what they say about mice…men…and plans.

I talk too much.  As the longest serving contributing editor to International Living magazine I speak with other editors a lot.  I should know when to keep my mouth shut…but having readers reserve two millions dollars worth of condos in a week carries some bragging rights and told some of my friends about this.

They must have mentioned it to others…who passed on the word and pretty soon everyone knew about the success.  What they did not know was the exclusive arrangement for my readers.

So imagine my shock when last Friday I saw an ad by IL mentioning these condos being for sale at $79,000.

The editor who wrote this failed to mention that this offer was exclusive to my readers. He probably did not even know his error.

IL enquiries came in to Kjetil and this created a dilemma…and the Ecuador beach property opportunity you have now.

Kjeti had agreed to keep this offer exclusive to my readers and he would.  Yet I felt that, due to inflation, it was in the best interest of the project and for the readers  who had already bought a condo, to go ahead and sell this out fast.

Kjetil’s cost of steel rebar and cement have skyrocketed since we made our deal last November.  As you can see from these shots there is a lot of cement and rebar used.  So as much as I would like to keep this offer just for my readers, it would not be in my reader’s best interest to see the project completed quickly and my readers come first.   So the IL surprise article actually turned out to be a good thing.

Ecuador-Beach-Property-construction
I released Kjetil from the exclusive and gave him the go ahead to let the IL readers have condos at the $79,000 price as well…with one exception…do not start immediately…leave the exclusive for my readers until Thursday.

Only my readers can reserve the $79,000 units until Thursday June 12, 2008.

That is the opportunity…just four days left for an exclusive.

Then these units will be offered to others. IL hs such a huge readership there is a chance that the $79,000 units will sell out fast.

$79,000 is a very good price for these condos and with inflation I doubt that we’ll ever see an opportunity like this again.

There is one other very special benefit just for you. The club membership of $5,000 is still waived for my readers. This may not be so for others.

If you reserve, you will be given 60 days to visit the project (on one of my real estate tours, I hope).  If you are not satisfied, Kjetil offers a refund on the reservation deposit.  He can provide you with full details.

Once again I want to stress that I am not selling these condos, I do not receive a  commission and do get paid in any way if you buy, except to get one more good neighbor. And of course, I want to assure that each of you has the first opportunity to enjoy special deals that we find and write about!

If these condos are of interest to you, contact Kjetil at kjetil@haugancruises.com

Regards,

Gary

You can still  make to our June 16 -17 Imbabura Real Estate Tour

and June 19-21 Ecuador Shaman Tour

See dates for our Autumn Ecuador courses and tours:

Sept 17-21 Coastal-Quito Real Estate Tour

Sept 23-27 Super Thinking + Spanish Course

Sept 28-29 Imbabura Real Estate Tour

Oct 3-5 International Investing and Business Made EZ North Carolina

Oct 14-18 Ecuador Import Export Course

Nov 7-9 International Investing and Business Made EZ Ecuador

Nov 10-11 Imbabura Real Estate Tour

November 12-16  Ecuador Coastal-Quito Real Estate  Tour

See discounts for attending more than one course.