Tag Archive | "quito real estate"

Ecuador Real Estate Example


See Ecuador first.  Look before you buy.

When Merri and I visited Ecuador in the mid 1990s, we saw incredible real estate value and jumped in.  We invested ourselves and began promoting Ecuador real estate tours.

We took thousands of subscribers to Ecuador, as did some of our friendly competitors.  Ecuador caught on and real estate prices exploded upwards.

That rare amazing opportunity is gone.  This is true in London where we conducted real estate tours in the 1970s and the Isle of Man where we conducted real estate tours in the 1980s and in Naples Florida where we invested in the 1980s.  Ditto for central Florida where we invested during the Great Recession.

Those were special opportunities where prices shot up hundreds of percent in just a few years, but they lasted only a short while.

Merri and I have been so fortunate to have developed habits that have kept us stumbling onto good value real estate, that we also like and enjoy.

Yet in London, in the Isle of Man, in Naples Florida, Ecuador and Central Florida, the real estate markets are different now.  Bargains are not just laying around everywhere.  Finding the good deals requires searching and hard work.

I am often surprised how some people can form strong opinions of a place they have never visited and invest in real estate sight unseen or with little research.

One lesson we learned decades ago is “always go see for yourself and always study a market carefully before investing.

This is also why we advise that  buying a sight unseen property is not a good idea.

The sun always shines somewhere! It is shining now in Ecuador.  There is great weather, a lot of wonderful real estate and still excellent opportunity for those who do their homework.

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Ecuador beach real estate.

Look, see… feel and experience before forming opinions. One cannot see reality on the internet.  The World Wide Web is an invaluable resource tool but at some stage, you need to visit.

I was quickly reminded of  this fact while researching real estate in Central Florida. The first property we viewed looked great on the internet… lake front over six acres… professionally landscaped…house and guesthouse only $200,000.

What the website did not show was that over five of the six acres were under the lake.  Professional landscaping probably meant that a professional truck driver dumped gravel over most of the land that was not submerged.

The web listing also did not show the train tracks, industrial park or the tattoo parlor next door.  We did not even bother to inspect inside.

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You can’t find property like this in the US.

Merri and I love Ecuador.  We purchased a lot of property on Ecuador’s coast… and in the Andes,  Yet we also invested in North Carolina and Central Florida and as we matured just like Ecuador’s real estate market, life changed.  With children and grandkids spread around the world, the US East coast became best for family and we are mainly here now.

Ecuador real estate opportunity still exists.  For those who treat this as a serious business, research the markets that interest them and trust but verify the professionals they work with there are some excellent Ecuador real estate deals.

We are pleased that Dr. Andres Cordova is helping us with our Ecuador real estate and has been able to help many of our readers.

Here’s an article by Andres on some real estate that’s for sale now.

andres cordova

GOOD TIME TO INVEST IN LAND

Dr. Andres Cordova

Several years ago a client told me he wanted to invest $40.000 in Ecuador.  I recommended he buy land in an area near the site of Quito’s new airport.  He said he could afford to wait and I thought the area was a good fit, so I presented him with an opportunity to buy 2.5 acres there.

Now, ten years later, he is ready to sell and the asking price will be $240.000. I will help him in the process. This would be an absolutely stellar 600% return if sold at such asking price.  If it sells at much less, say to prompt a fast closing, the profit would still be significant.

The property has barely accrued expenses during this time so it’s even better.

That deal proved to be exceptional for sure, and it shows the potential of raw land.

We negotiated a rather good price for the purchase and, as the saying goes, you make the profit when you buy.

In areas where growth is foreseeable, where you can detect positive trends, buying undervalued properties should allow for good returns with that extra leverage bringing the possibility of significantly higher profits under the right conditions.

Now lets face it, raw land is not for everyone. These are usually investments for mid to long-term, and are not liquid. Some properties can take months to sell and if a fire sale is needed it can eat up a good part of the profit potential.

However, buying well-selected and negotiated raw land with the chance of appreciation that may reach two digits per year for several years surely beats the paltry 1% to 1.5% you’ll likely get at your local bank. I mean, it doesn’t even compensate for inflation, so you are basically losing money.

Buying land is for those who can afford to wait a few years. It’s as sound an investment as they come.

In my article last Friday I mentioned that we have not truly experienced a real estate bubble in Ecuador. Mentioning this is important, as expectations should be kept in accordance. Not having had bubbles makes for a sounder, more down to earth property market.

I’ve had contacts ask me about the possibility of buying condos at 50% off, perhaps from a developer that’s struggling.  I’ve replied to them that it is extremely unlikely that any developer or desperate owner would go down so much.

Perhaps these deep discounts are common in cities that have seen big-time real estate bubbles where prices inflate rapidly. Under such conditions 50% off is perhaps possible as the discount is considered from the bubbled up price.

Here we don’t have the wild swings were you can make obscene profits in a short time flipping a property bought at pre-bubble prices at the peak of a market gone wild.

When sourcing opportunities, I focus on certain areas that call my attention for some reason or another. I look at their zoning for example. Where it’s restrictive prices are usually low. But zoning tends to ease up every few years and more so in places that have the right conditions for growth. In some areas zoning is revisited every 2 years or so.

Buying in places where you can negotiate really good prices and where you anticipate zoning will start easing up is a way to go. I try to get a more comprehensive picture: Is new infrastructure coming in sometime in the future? Is there a big or fancy development going to take place in the area? Is the area a natural for growth? Is the area is a somewhat undiscovered gem because of it’s surroundings, its views, etc.? Can you boost the potential somehow?

Take Quito for example, it’s cradled by mountains that, while they create a magnificent landscape, also prevent the city from expanding horizontally. This has made prices for land in Quito proper quite high and has prompted significant population growth and development in the neighboring valleys.

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Quito is cradled by mountains that provide for magnificent scenery and prompt important growth in neighboring valleys where there’s more available land.

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Very exceptional opportunities do surface from time to time; and they usually require lightning-fast action. For example, not long ago I got word of an exceptional opportunity. A gentleman had won a government award for a contract worth millions and needed about $200,000 to be able to issue the paperwork and guarantees required by our public contracts laws. He was severely illiquid at the time and put a prime piece of land valued at $400,000 for sale at half the price. Suffice to say, he sold the land immediately losing $200k in the process but getting a contract worth millions because of it. Under such circumstances I’d readily sell at half price too.

Granted, deals like these are hard to come by. They are an absolute exception. But they do happen. Having a network of realtors and friends that have their radar on for good deals certainly helps.

Out of one of these contacts told me about a very good opportunity. One I recommend.

The property has two really nice houses with wonderful views.

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The houses are a major plus considering the price of the whole property is much lower than prices for other properties in the area which are just land.

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It’s a 5.4-acre (21.880 square meter) property near Quito in an area that should see sustained growth. While prices have come up in the area, they remain a bare fraction of those in Quito, just 25 minutes away.

Prices in the area hover between $40 to $45 per square meter ($3.73 to $4.2 per sq.f.) and this is basically for just land. This 5.4-acre property can be bought for $28.3 per square meter, a substantial reduction from the usual going price.

But it gets better. This property has landscaped grounds, a small lagoon, a water reservoir, two really nice houses, a BBQ area, a caretaker’s house, horses’ stables and storage rooms. This makes the price – and the opportunity – all the more exceptional.

This is a relatively big piece of land near Quito and at $620,000 it’s no small change. However, it’s going for hundreds of thousands less than comparable properties. There are several properties in the area with asking prices well above one million dollars. The plan is to try and get the property to sell under $600k, making the deal even better.

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The property has a beautiful natural setting just 25 minutes from the city.

The houses can be rented.

The area has seen continued appreciation and the trend will go on for sure. Buying at this much-reduced price should allow for good profits down the road, especially for those able and willing to wait. The plan is to try and get the price lowered to $580,000 or less making the deal even better.

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Both houses have ample porches where the soothing breeze and manicured gardens can be enjoyed.

The houses have stone archways and 3 bedrooms each.

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A full report on the property with pictures is available.

There are other areas I am concentrating on too, where smaller parcels can be bought for less than $100k.

Investing in land in Ecuador is most definitely worth a look. Let us know if you have an interest.

Andrés Córdova

If you are interested in real estate in Ecuador drop a line with the words “RE Report” in the subject line to gary@garyascott.com.

Spanish words you can use

Investment – Inversión
Price – Precio
Expenses – Gastos
Discount – Descuento
Money – Dinero

Learn Spanish in Three Days ONLINE

The “Learn Spanish in Three Day Course” is now available online.

Learn Spanish in a day, or a week, month or any time frame that works for you.

I’m Gary Scott.  Over fifty years ago I started a business that has helped hundreds of thousands of subscribers learn about investing in Hong Kong (1960s and 1970s), Switzerland, London, Isle of Man (1970s and 1980s) and across Europe.  In the 1990s we took investors to Panama, Mexico and Ecuador.  That’s when we realized an incredible need for an easy way to learn Spanish.

See below how my wife Merri was able to create a program that allowed students to be speaking and understanding Spanish in just three days.

Thousands of subscribers have learned Spanish at our three day Super Spanish course.  These courses have been taught across the US, in Canada, Panama, Mexico, Ecuador, Uruguay and Spain.

spanish

A Super Spanish course in Florida.

Read below to see how and why we are now offering our Super Spanish course ONLINE for the first time.

Speaking Spanish as a second language has huge benefits.

You can become one of the rare North Americans who can get along in Spanish speaking countries.  You can be one of the special people who can communicate with 10 million non-English speakers in the USA.  Spanish is the second most used language in the USA.  There are more Spanish speakers than speakers of Chinese, French, German, Italian, Hawaiian, and the Native American languages combined.  According to the Census Bureau, Spanish is the primary language of nearly 50 million people in the US.  This is the largest Spanish-speaking community outside of Mexico. Only half of these speakers also speak English “very well,” and 19% do not speak English at all.

You become one of a leading few when you speak Spanish.  Yet there are more benefits.

An article in England’s leading newspaper, the Telegraph, entitled “Why learn a foreign language? Benefits of bilingualism” (1) sum up the biggest benefit of learning a second language and increased intelligence.  The article says (bolds are mine): “Learning a foreign language is more than just a boost to your CV or handy for traveling. 

It will make you smarter, more decisive and even better at English. 

Physiological studies have found that speaking two or more languages is a great asset to the cognitive process.  The brains of bilingual people operate differently than single language speakers, and these differences offer several mental benefits.”

The article then explains studies that show seven cognitive advantages gained from learning a foreign language.

#1:  You become smarter
#2:  You build multitasking skills
#3:  You stave off Alzheimer’s and dementia
#4:  Your memory improves
#5:  You become more perceptive
#6:  Your decision-making skills improve
#7:  You improve your English

Does it sound impossible to learn Spanish in three days?  Yes, it is impossible when you try to learn Spanish in the old, traditional way.

You may choose to take more time using the ONLINE course to learn Spanish, but thousands of our readers have learned to speak Spanish in only three days at our Spanish courses.

There is a scientific method of learning… proven and described in numerous best selling books that create educational jumps by making education natural, easy and fun.   This course works because it is education without stress!

A special method of learning (called Super Learning) was created and refined by the Bulgarian educational master, Georgi Lozanov.   Lozanov transformed the entire Soviet educational system to such a degree that this third world country beat the USA into space.

My wife Merri was lucky to be one of a handful of students outside of Bulgaria who were allowed to be taught this system in the early 1970s.  She practiced this unique and remarkable form of education for  four decades. It was a delight!

Merri and I began integrating these techniques with other shamanic and educational tactics we had gained in our global travels and then applied them to teach Spanish in three days.

The course has been proven again and again by the thousands who have used this system.  You can read a few of the many raves we have received from students who have learned from the Super Thinking Spanish course we created.

Here are a few quotes from delegates of the course.

One delegate from St. Louis wrote:  Hi Gary,  Just ended forty-five years in dentistry last week, and I’m on to a new career.  What is my new career?  Still formulating, but the eye -opening,mind expanding Super-Spanish course last weekend in St. Louis surely shows me the opportunity exists to expand my horizons.

Besides having a lot of nice people to learn our new language; the methods Merri and you developed proved to be just what you said they would be.  We all and I in particular relaxed our way to new learning.  I feel so very comfortable with the basis of my new language skills that I know I will be spitting out great Spanish sentences by the time I reach Ecuador in October.  Last year I spent six weeks in Ecuador and now I plan on conversing with the people.

Today’s excerpt of your newsletter really hit home. You do what you say you will. There are no surprises or hidden sales tricks. The only tricks are beneficial to our learning.  Thank you for a wonderful experience that I was quite unable to grasp how you would pull it off.  You did, however, and I look forward to other courses that you offer, and I have absolutely no doubt they also will work beneficially.  Best regards, Denis Molloy.

Another wrote about the Super Spanish course:   Buenos Dias, here is a testimonial for Super Thinking-Super Spanish.  Please feel free to use all or part in promotions for the course.  In addition, you may give my email address to any prospect “on the fence” about enrolling.  Yesterday, in Cotacachi, Ecuador, I finished Super Spanish.  I had high expectations for the course and they were exceeded.

After three days, I can speak Spanish in complete sentences. In simple conversations, such as buying groceries or ordering a meal, I can make myself understood. I think that’s incredible!

Although I am far from the competence level of a native speaker, I feel I’ve taken a giant step forward in learning Spanish so that I can experience the people and culture of Ecuador.  The foregoing benefits would have more than justified the time and money I invested in Super Spanish.  And learning some Spanish was not the most important benefit I got from the course.

Prior to leaving the USA, I had felt for some time that the pace of life there was unhealthy for me (and for most people) and I did nothing about it.

I’ve thought about the pace issue during the course.  One of the key elements Merri Scott designed into Super Spanish is placing the student in the optimal state for learning.  In class, the past three days, I’ve been re-introduced to guided journeys and introduced to the calming effects of Baroque music (www.sundaybaroque.org).  What a blessing! I’m inclined to make one or both a daily part of my life.   Rob Christi.  Cotacachi, Ecuador

Another attendee from a course wrote:   “I took this incredible class a few weeks ago, and I would like to tell anyone that is interested, that it is an amazing three days of learning with lots of laughs included. You leave everyday wanting to learn more and are so excited to do so.

“Other Spanish classes and tutoring made us feel like it would take forever to get to the point where we could put it into practice, but this method gave us a more fluent use for everyday life almost immediately AND the confidence to use it.  It is a fantastic way to show people how much they know and give confidence to learn and use Spanish creating a momentum.

“They made learning Spanish easy and fun in a very relaxed, comfortable atmosphere.  I would definitely recommend this course.  Even if you know some Spanish, this helps make it easier because of the less stress that no verb conjugations gives you.  This gives you more confidence in yourself to try and speak it more.

 “The stress free atmosphere and tons of interaction and participation were very conducive to learning.  The relaxation techniques alone are worth the price.  The fact that I can now feel more comfortable conversing in Spanish with my new friends and neighbors is priceless.  Muchas, muchas gracias.”

“I loved the relaxed environment.  I picked up quite a lot of new vocabulary.  I found this course very informative about how the language works, how I can make sentences and understand others better!  Muchas Gracias!  I had a call from Telcel (the local phone company) after our second class and I was able to speak and understand them for the first time. Despacio (meaning slowly) … a great word!  Everyone should take this course before they pick up bad habits.”

“I liked how simply the course was organized and the positive attitude about learning.  Thank you so much for helping me to learn Spanish!”

“I liked the laid back yet professional approach.  I highly recommend this new, relaxing method of learning Spanish,  I feel a lot more confident in the delivery of my words and sentences. It was taught in an excellent and very professional way.

“It was a very enjoyable class.”

How The Course Works

The first tactic is to use Baroque music to create Relaxed Concentration in the learning process.  At least three best selling books, “Superlearning”, the “Mozart Effect” and “Superlearning 2000” have revealed insights about how to learn and think more powerfully based on systems drawn from the Bulgarian educational master, Dr. Georgi Lozanov.  

Merri was among just a few who learned directly from Lozanov.

gary scott super thinking session

Super Spanish relaxed concentration session.

You gain six valuable ONLINE Relaxed Concentration sessions in the online course that is delivered via the internet.

The second tactic uses 17 unique lessons to provide Spanish fluency in a short time.   Let me prove to you how this tactic works by teaching you hundreds of Spanish words in less than 30 seconds.

Here is the proof.

“Most words in English that end in ION are almost identical, just pronounced differently.  For example action is accion, education-educacion, manipulation- manipulacion, etc.”

There you have it.  How long did it take you to read the sentence?  You now know hundreds of Spanish words that you will never forget.

See examples of the words you already know below.

How long would have taken you to memorize all those words?  How soon would you have forgotten them?

This is just one of seventeen Spanish lessons in the course.

The next lesson teaches how to pronounce each of the nouns.

Then, the third lesson teaches almost as many verbs, almost as quickly.

The fourth lesson shows how to avoid conjugating verbs by sticking with the infinitive (far easier than it sounds).  This simple lesson leaves a person sounding like a Spanish professor without ever conjugating a verb.

Lesson five shows how to sound infinitely polite and yet get almost anything desired in Spanish.

Lesson six gives valuable connectors and the seventh lesson triples the Spanish capacity with three words for “yesterday,” “now” and “tomorrow”.

By the end of three days you feel comfortable speaking Spanish.

Plus the system is Impro-Dynamic.  This means your Spanish keeps getting better even though you do not seem to be studying… practicing… or speaking Spanish.

I was amazed by this as I traveled back and forth from the USA to Ecuador.  The longer I was away from Ecuador… the better my Spanish became.  My second language was automatically improving The self improving feature comes because you learn to create Spanish sentences rather than remember them.  The portion of the brain that creates is more powerful than the portion that recalls.  When your mind creates something… it owns it!  You do not have to remember .

During the course you learn 4005 Spanish words that you already know.   This eliminates the need to memorize 99% of Spanish words.

You then learn how to create Spanish sentences from these words.

Throughout the course you learn how to pronounce the sentences you create.

When the course ends… the mind keeps working… and creating… so next time you begin to speak Spanish you’ll be surprised .  You improve even though you have not actively worked on your lingual skill.

Due to the difficulty of getting groups together to learn this valuable technique, we created an online program for subscribers to use the Super Spanish course at home.   The normal three day course fee is $499 ($749 for a couple).

The ONLINE course is available at the highly reduced price of $79.

I’ll be in touch personally via email with each person who signs up for this course to see how it works or what is required to make it better.  Once this test is complete, we plan to offer the program on a larger scale and at a much higher price.

The ONLINE course has our, full satisfaction or money back, guarantee.  Try Super Spanish for 60 days.  If not fully satisfied, simply let us know for a full refund.

Learn Spanish online $79

Here are more testimonials from previous Super Spanish Courses.

Maggie wrote: It didn’t really seem possible that we would be speaking and understanding Spanish in only 3 days but the course made it happen in a very supportive learning environment.  I would highly recommend this course for anyone wishing to learn “practical Spanish”.  The teaching methods, use of relaxation, the use of native Spanish speakers for pronunciation and the teachers themselves who were approachable and helpful and always positive made this a very valuable class.

This course improved my self confidence in my ability to learn and retain a language.  It was presented with genuine enthusiasm, great energy and the style of learning is very effective. Gracias!  It was a great experience.

Nadine wrote: “Just spent the last 3 days in the most wonderful learning environment learning Spanish.  What an amazing learning experience!!  First day out of class and I could not stop thinking in Spanish WOW!!  I am amazed by how much I learned, retained and how much more is showing up now that I am out of class.  And the best part is THERE WAS NO STUDYING!! Indeed this is Super Thinking!!!  I would highly recommend this to anyone that has ever had a desire to learn another language or learn anything in record time.

And a few days after that ….  As I went through my day, just hanging out with my son, I could see myself starting to think in Spanish.  At first I thought it was amusing but as it continued and increased I thought “My goodness this is really remarkable amazing” It was really an effortless unfolding.  I wasn’t at any point “trying” to think in Spanish, just words I knew would fly across the screen in my mind.  And then this afternoon, my son cuddled up on the couch to watch some cartoons on his ipad and was watching Peppa Pig in Spanish…hmm coincidence?  I think not, I’m radiating Spanish so much that my son is being influenced!  Thanks a million again.  This weekend the best learning experience of my life!!

If you have ever had a desire to learn Spanish this is the way to do it!  By the end of the first day I had more confidence and more practical ability than I had from any previous courses I had taken.  It was fun and relaxed and full of laughter.  You will leave this class excited to use what you have learned.  Rather than leaving overwhelmed with how much you have yet to learn and master, you are equipped with the knowledge and know how to go out and communicate as well as the excitement to do it!”

Gary noted:  “The whole approach is positive and conducive to learning at a level that benefits ALL participants.  It is not intimidating and does not set up a pass/fail atmosphere.  The presenters are terrific and the results unbelievable.  It was relaxed, informal, friendly and effective.”

Twila said:  “This class provided a very refreshing and relaxed way of learning.  The atmosphere felt very safe to say the words you were practicing.  I learned a lot in a way that will make it easy to apply.  Starting with conversation is way more fun.  How quickly you can learn!  It was a great group, great instructors and great stories.

The atmosphere in the classroom was so relaxed that learning Spanish felt like a breeze and not like a painful task.  The relaxation exercises are really conducive to language learning.  We learned A LOT in a short time and it was fun and the environment was non-threatening.”

Brigitte sent this:  “Buenos Dias, Suzanne. su clase de espanol es excelente! Muchas Gracias!  
I have already done what you suggested and went into the program listening to the music and going over the lessons.  I know: Repetition……reinforcement…..thinking in the new language….it’s all part of it.  I loved your course and will certainly recommend it to friends.  Who knows….I might feel the urge and have the opportunity to repeat it at your beautiful place in Puerto Aventuras…..Quien sabe? Hasta otro dia y saludos a su familia.”

Marie wrote:  “I would highly recommend this course.  The amount covered in 3 days is amazing!  All with no stress.  The correlation lessons and pronunciation practice has greatly reduced my anxiety to go out and use my Spanish.  I really enjoyed the whole process and thank you for the take away tools.”

Learn Spanish online $79

Here is the English translation of a few of the many Spanish words you now know and will never forget.  How long would it have taken you to memorize them?  How soon would you forget?

“Most words in English that end in ION are almost identical, just pronounced differently.  For example, action is accion, education-educacion, manipulation- manipulacion, etc.”

Some more of these words:  Combination, Attrition, Education, Vacation, Petition, Lotion, Motion, Construction, Abduction, Pronunciation, Concentration and a ton of others!

Learn Young or Old

Most Super Spanish students are all ages ,

Gary-scott-spanish-course

Super Spanish students at this course ranged from nine to over eighty years old.

Become a Spanish translator!

The wife of one couple who attended explained how after just three days her husband ended up as an accidental translator.

She wrote:  Gary,  I have sent Merri a couple of messages, and  a story of Mike being able to translate yesterday for a Spanish person  who couldn’t understand what a man was trying to tell him!

Does it sound impossible to learn Spanish in three days?  Yes, it is impossible when you try to learn Spanish in the old, traditional way.

The video below shows a super fast way to gain the basics so you can communicate in Spanish in just three days.

Gary-scott-super-spanish

Click here for FREE Super Spanish video.

Still can’t believe you can learn Spanish in a short time?

You have nothing to lose but to try.

The ONLINE Super Spanish course has our, full satisfaction or money back, guarantee. 

Try Super Spanish for 60 days.  If not fully satisfied, simply let us know for a full refund.

Learn Spanish online $79

(1) www.telegraph.co.uk Benefits-of-bilingualism.html