Tag Archive | "Vilcabamba"

Vilcabamba Ecuador Small Hotel


Madre Tierre is a small Ecuador hotel in Vilcabamba. Here is the entrance to this small Ecuador hotel.

vilcabamba-small-hotel

We have been sharing this series on Small Ecuador Hotels.

There is an Ecuador small hotel business opportunity in Vilcabamba now.  This message reviews this opportunity in a moment.

First, the subject of Social Security rules about working and owning a business abroad (that could reduce Social Security) and Ecuador’s new asset reporting regulation has sent many of you to the keyboard!

Yesterday’s message on Ecuador & Privacy raised many questions that I cannot answer personally.  As a financial publisher I cannot give individual legal or investing advice.

I can answer tax questions in general if I send the reply all readers. For example, one reader just ask: Gary, Re the continuing discussion of foreign & domestic taxes,

In the 1980s, my husband was working for an American corporation in Saudi. One incentive – at least back in the day – was that income earned there was exempt from US taxes unless the employee broke the contract and left early.

I realize that the situation of being an employee is different from being a business owner or being self-employed.  And I have no idea whether the arrangement described above applied to all US companies or some (the corporation in question was Bechtel).

That said, if earnings are taxed in the country where they are earned and then taxed again in the country of residence or citizenship, this constitutes double taxation – kind of like getting taxed on your income tax refund. Do your tax experts have any comments on whether international law allows or prohibits double taxation?

The answer is that there are tax treaties between the US and many countries, including Ecuador, so if you reside outside the US and are under another tax jurisdiction in another country, then you do not have to pay double tax.

In many instances there are even tax benefits… called the Foreign Earned Income Exclusion. The IRS code says: If you are a U.S. citizen or a resident alien of the United States and you live abroad, you are taxed on your worldwide income. However, you may qualify to exclude from income up to $87,600 of your foreign earnings. In addition, you can exclude or deduct certain foreign housing amounts.

There can be even greater tax benefits when you have a correctly structured business abroad. This is explained in the tax portion of our Tangled Web… How to Have an Overseas Business course. Joe Cox wrote the tax portion for me and the excerpt below explains how the benefit can be achieved.

The excerpt begins: Seven Taxing Levels

International business people have at least seven levels to choose from when they start their international business:

#1: Sole Proprietorship
#2: U.S. Corporation
#3: Overseas International Business Corporation or Limited Liability Company or Limited Partnership
#4: Foreign Sales Company
#5: Overseas Trust with Overseas Company
#6: Multiple Overseas Corporate Structure
#7: Overseas Corporate Structure with Genuine Non U.S. Shareholders

Over the duration of this course we will review all of these structures and when each works best. But whenever it is possible to attain, the seventh structure is always the best from a tax point of view.

This generally is the best from a business point of view as well because it means you have someone abroad helping you with your business.

Merri’s and my new business in Ecuador was this situation. We created a business using partners who will help us build the center, run it and provide the valuable knowledge.

This assistance is invaluable. We could not do this business (which I believe will so well as do good for the clients and community) without their help and involvement.

The tax key is that any business owned 50% or less by a U.S. person and 50% or
more by non-U.S. persons pays no U.S. tax. Such a company does not have to even file a U.S. tax return.

This is a complicated law, filled with land mines and I would not hope to understand or explain it all. Instead in this lesson I have asked my tax attorney to explain the legal aspects of this tax law. I will add my comments along the way to help you understand more in lay terms.

Essentially CFC law aims at stopping investors from putting money into an overseas corporation and not paying tax. This is because in general overseas corporations that do not do business in the U.S., do not have to file with the IRS and never owe U.S. tax. Subpart F of the Internal Revenue Code aims to stop investors from simply putting capital and investments in overseas companies and thus avoiding tax on the income from these investments.

Essentially the law creates three concepts. First, it creates the concept that income such as rents, royalties, interest, dividends and portfolio income are unearned and are different from income earned by business activities in a company.

Second, it creates the concept of when an overseas company is controlled by an
American. An American is any U.S. citizen, green card holder or resident.

Third, it creates the concept that if an overseas company is controlled by an
American, then that American has a personal tax liability on parts of the unearned income earned by that overseas company. You can see in Joe’s outline below as he clarifies the specifics in great detail.

Foreign Corporation Tax Issues by JOE B. COX, ESQ.

A. CONTROLLED FOREIGN “CORPORATIONS (“CFC”)

1.  The principal purpose of Subpart F of the Internal Revenue Code (IRC) is to frustrate U.S. taxpayers’ attempts to defer the U.S. tax on income falling within Subpart F.

2.  Generally, Subpart-F income is “portable” income, which can be manipulated by U.S.

Taxpayers through the use of foreign corporations.

Gary’s Comments: This is one of the most interesting areas of tax law for the international businessperson. This outline will explain why sharing my business with Ecuadorians will create a tax paradise.

End of Excerpt.

Do not be confused.  Income tax planning does not necessarily create good Social Security planning.  If you have not reviewed your Social Security regulations and you plan to live and work abroad… see a tax attorney about this.

I have reviewed these rules with both my attorneys in the US and Ecuador.

My US attorney and very good friend, Joe Cox wrote:  Gary, I have set it up so my personal assistant April Barza can answer calls and e-mails and schedule a no obligation, no fee conference call on the questions that come out of your newsletter or seminar.  I would not want to give the government of Ecuador a listing of my international holdings.  I would think they would have no security with that information.  Joe.

You can reach Joe Cox at jcox@coxnici.com or his personal assistant April Barza at abarza@coxnici.com

You can reach my Ecuador attorney, Floridalva Zambrano, at FLORIFLORI58@YAHOO.ES

Back to small Ecuador hotel opportunity in Vilcabamba.

Recent messages have looked at Vilcabamba real estate.

When we began investigating Ecuador back in the mid 1990s.  Joseph Garzozi, the Ecuador Economic Consul in Miami was one of the first people we visited.

One of the places he recommended we visit was the village of Vilcabamba.

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The Madre Tierra restaurant at this small Ecuador hotel.

I researched this Ecuador village and became fascinated with the fact that some of the residents there lived to extreme ages.

Further research brought us to an article written in the January 1973 National Geographic entitled, “Every Day Over 100 is a Gift” written by Dr. Alexander Leaf. This article was written about the three valleys-one in Georgia (then USSR), one in Pakistan (Hunza) and the valley of Vilcabamba, where 1,080 people per 100,000 lived on average to be 100. The article compared this to three per 100,000 in the United States. More important those who reached a ripe age (even over 100) remained vital, sexually active, still work and participate regularly in the community.

This greatly peaked our curiosity and we started looking for ways to visit this valley.  This was easier said then done.  One reason the population was long lived was because they were isolated from the rest of society. Few people knew how to get to Vilcabamba.

Finally we found a national guide, Eduardo Quito, who could take us.   We flew to Cuenca where we met Eduardo and then drove south along the Andes for an entire day to Loja.   A Quito Loja flight would have been faster but we wanted to see this part of the world.

We spent the night in Loja and Eduardo drove us next day to Vilcabamba where we stayed at a small hotel, Madre Tierra.   This small Ecuador hotel was owned at that time by an Ecuadorian, Jaime Espinosa and his French Canadian wife.

Madre Tierra was a popular spot for Israelis  and other backpackers hiking along the Gringo Trail at that time.  There was a sign in Hebrew Letters that said “Shalom, Jaime’s Hideaway” and the room rate then was $9.00 per night for Israelis and $10 to $15  for all others.

The rooms were little thatched cottages sprawling down a steep hillside with rich gardens and killer views.  Breakfast and dinner were served on the terrace.

Backpackers were not very profitable guests.  It is hard to develop much revenue with $9 a night rooms.  Jaime and his wife were in the process of creating a spa.  They had just installed a spa, massage room, hot tub, steam and clay baths and special cold and water accupressure treatment.

They hired us to consult with them about how to upgrade their market so we spent an enjoyable day talking, thinking about how to get a higher grade of guest and enjoying the spa.

After working with the couple we headed back to Cuenca fully expecting to return to Vilcabamba with a group.

Then as the saying goes, “life happened.”  Vilcabamba is remote… an extra day’s journey when reaching Ecuador and this spectacular valley never worked into our plans.

However Vilcabamba did take off and we hear from many readers that they are moving or have moved to Vilcabamba.

We also heard that a retired actor and his wife had purchased this small Ecuador hotel.

Due to this background and the fact I am always looking for ways that readers can earn income in Ecuador, I perked up when I received the note below.

“Gary,  This is an emergency message for YOU and Merri.  You may recall that my husband and I own the Madre Tierra Hotel (Spa, Restaurant, craftsman
Conference/ballroom dance floor/theater Center) in Vilcabamba.  This is to
notify you, in case you have potential buyers or you would be interested
yourself to buy and/or make a commission, that we are putting the hotel, and
our home and guest houses, and our 360 degree view farm with mansion and
sugar cane mill, all adjacent and minutes walk to the village, up for
emergency sale.

This wasn’t an emergency until TODAY…as a family member has to go in for surgery tomorrow morning.

I do not want to handle the stress of anything else right now.  So I’m writing to tell YOU that we’d even be willing to sell both properties for the price of one.

In other words, this has suddenly become an illness, desperation emergency sale.

We left most of the main furniture there so someone could move in
immediately…and the hotel is turn-key  (World Travel Awards nominated it
for the third year in a row in the category of Best Hotel and Spa in Ecuador
category…it’s truly a paradise!).

vilcabamba-small-hotel

Here is the spa in this small Vilcabamba hotel.

Our six acre home/mansion with the most spectacular views of all time has three craftsman fabulous guest houses and stables, etc.   We are selling the 43 hectare farm that has a 360 degree view mansion and worker house and a working sugar cane factory, etc.

vilcabamba-small-hotel

View of the farm from the house.

We’ll take an offer from you or anyone and will offer a discount to any reader who comes down and stays at the hotel.

I have followed your work for many decades…and so appreciate you and
Merri.  Now, I’m letting you know about this…as I feel it would be a great
opportunity to add to your successes, and a wonderful deal for one of your
friends or contacts.

Perhaps you can find a buyer we’d love who would love owning our beautiful
properties as much as we have loved them. We know a lot of people would love
to live in the Valley of Longevity.   Again, these properties are adjacent
to each other and just minutes walk to the village…location location
location…the farm is located along the river (never flooded! And possible
for development or farming…)…has a pure water well and various
additional water sources available, too, and so much more.

vilcabamba-small-hotel

Madre Tierra conference room and theater.

Thank you for all you do for others and the world.  Much love to you both, Carol Rosin.

As mentioned I have not been to Vilcabamba nor Madre Tierra for at least 15 years. A lot appears to have changed and Madre Tierra appears to have dramatically upgraded its market.

This offers an opportunity for readers who live in or are thinking of moving to Vilcabama and want a business.  The seller offered a commission and we explained we do not accept commissions so this savings may help this make this a better deal for our Ecuador Living subscribers.

You read a full report on this offer with contact details as an Ecuador Living subscriber.

I have no updated knowledge of the property, income, profit and any buyer should use all normal due diligence in looking at this offer.

Regards,

Gary

We hope you’ll join us to learn more business and investing opportunities globally as well as Ecuador.

July 4-8 Ecuador Export Tour

July 8-9 Imbabura Real Estate Tour
July 10-13 Ecuador Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course

Sept. 23-24 Imbabura Real Estate Tour
Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador

Nov. 9-10 Imbabura Real Estate Tour
Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

Vilcabamba Real Estate


Vilcabamba, Ecuador is one of the most popular destinations my readers wrote about.

Read about Vilcabamba real estate for sale and then see a link on Ecuador’s ticket tax.

I am always happy to accept advertisements for Vilcabamba real estate like the one below.  This is from one of the big attractions there as the community based around CLUB HACIENDA EL ATILLO, RESORT & SPA.

Vilcabamba has great beauty. This is a view from the Club Hacienda El Atillo gated community in Vilcabamba.   See dozens more pictures from CLUB HACIENDA EL ATILLO, RESORT & SPA here.

This photo was taken from the LA MOLIENDA DE EL ATILLO lodge which has three apartments that can be rented (two to four people) on a daily or monthly basis.

Here is a house in the community.

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and plaza.

vilcabamba-plaza

Merri and I visited Vilcabamba a number of times over a decade ago because during our initial research the Ecuadorian consul told of Vilcabamba’s great beauty and he explained that the residents had longevity.

After our first two journeys to Ecuador, I became increasingly fascinated with the fact that some of the valleys including Vilcabamba have special qualities, which enhance longevity. Residents in these valleys had a history of reaching extreme ages.

Imagine sitting in your back yard as you view the mountains of Vilcabamba Ecuador.

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So I was delighted a few months ago when Manuel Riofrio, the developer of Club Hacienda El Atillo Resort & Spa decided to place an advertisement for his project with us.

I have heard back from readers who really liked what they saw. Now Manuel has placed another ad… plus sent the many pictures of his project and the people living there… below.

There are plenty of ways to enjoy healthy exercise at the Club Hacienda El Atillo gated community in Vilcabamba.

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Tennis courts at LA MOLIENDA DE EL ATILLO lodge.

Plus places to meet.

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Get together…

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Get good, fresh food.

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and stay healthy.

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Here is what Manuel originally wrote about Vilcabamba.

I am the developer of a project in Vilcabamba Loja Ecuador Which we feel is an excellent place for those who wish to enjoy the magic of this valley but also wish convenience. Our project is only two blocks from the center of the village.

We have great experience in this area as our family has owned the farm “EL ATILLO” for 200 years. We now wish to share this experience with those who wish to live in our longevity valley. We offer land parcels, houses and suites. we have developed 36 lots and 25 have been sold, ten to Americans, four Europeans and eleven to Ecuadorians.

Club Hacienda El Atillo is in an advanced state of construction, our condominiums are almost finished, our club area is 65% complete and we feel that the project is very special.

Here are some more photos taken at Club Hacienda El Atillo in Vilcabamba Ecuador.

Wonderful flowers.

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Great landscaping.

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Scenic views.

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CLUB HACIENDA EL ATILLO, RESORT & SPA has 24/7 Security, Swimming Pool, Tennis Court, Library, Restaurant, Bar, Chapel, Spa., Gym, Equestrian Club, Gallery, Gardens, Cascades, Walking paths, sidewalks and Roadways,club house, Plaza, 360 degree panoramic and breath taking view of the Valley and more.

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Plus now there is more you an learn about Club Hacienda El Atillo Resort & Spa in Vilcabamba, Ecuador.

Manuel recently wrote:

Club Hacienda “El Atillo” Resort & Spa. Vilcabamba, Ecuador can now be seen on a YOUTUBE.com  video.

See www.youtube.com/watch?v=lu3ewPgU_Nc

See it in high quality by clicking on lower right hand corner at YouTube.

There is also a  New York Times link that says more about Vilcabamba in a series on Vilcabamba: 1 of the 4 Long Live & Prosper Villages of the world:

See: http://online.wsj.com/article/SB122367266613424083.html?mod=yhoofront

vilcabamba-ecuador

We currently have 16 lots available from 3,000 to 12,000 square feet and 1 large lot of 50,000 square feet.

Our gated community, El Atillo, Club Hacienda, Resort and Spa, in Loja Province of Ecuador is a great place to live.

We offer one of the best options in Vilcabamba with:

* Very competitive prices.
* Proximity to Vicabamba’s Central Park.
* Beautiful views and wonderful landscaping.
* New Hacienda architecture.
* All the amenities and features of a 5 star club.

We can build houses or cabins for you in our New  Hacienda style.

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Construction runs from $55 to $65  a square foot.

Lots sell for approximately $4.80 a square foot.

Our lodge also offers rental accommodations for your short or long staying…  $25 per day or $450 a month for suites and $650 a month for  apartments.

Club’s shares are $5000.

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LOTS FOR SALE at El Atillo, Club Hacienda, Resort and Spa

vilcabamba-ecuador-ad

Approximate prices and square footage

Lot # Area (sq. ft +-)     Cost Land       No. Club Shares          Total

9/2       13,200             $57,900           4     $20,000          $77,900
9/3       13,000             $53,950           4     $20,000          $73,950
9/4       12,000             $52,300          4     $20,000          $72,300
9/5       14,000             $61.400          4     $20,000           $81,400
_____________________________________________________________

8/1       5,000              $23,600         2       $10.000            $33,605
8/2       6,200             $28,700         2        $10,000            $38,700
8/3       6,000            $27,900          2        $10.000            $37,900

_____________________________________________________________
______________________________________________________________

9/12     706,52        33.912,96         2        10.000                        43.912,96
9/14      816,43       39.188,64         2        10.000                        49.188,64
_______________________________________________________________

8/15     3,700             $17,300         2        $10,000              $27,300
8/16     2,800            $13.000         2        $10,000               $23,000
8/17     4,400            $20,300         2        $10,000               $30.300
8/18     2,800            $13,000         2        $10,000               $23,000
8/19     5,000            $23.750        2          $10,000               $33,723

Method of Payment

1st. option: 25% down payment 75% =12 monthly installments

2nd. option: 25% down payment, and 3 payments within 1 year

3rd. option: cash (12% discount)

You can get more information, prices, a full brochure and site plan of Club Hacienda El Atillo Resort & Spa in Vilcabamba Ecuador from Manuel Coriofrio by email  at elatilloclubhacienda@hotmail.com or manuelvivancoriofrio@hotmail.com

Or call his mobile phones at: 092.772546 or 099.444495

Until next message, may every nook and valley of yours have such beauty as well.

Gary

See an update on Ecuador’s Ticket Tax here.

Join us at an upcoming Ecuador or North Carolina conference or tour.

June 12-14 Shamanic Mingo Tour

June 16-17 Imbabura Real Estate Tour

June 18-21 Ecuador Coastal Real Estate Tour

July 4-8  Ecuador Export Tour

July 8-9 Imbabura Real Estate Tour

July 10-13 Ecuador Coastal Real Estate Tour

July 24-26 IBEZ North Carolina

Sept. 17-21 Ecuador Spanish Course

Sept. 23-24 Imbabura Real Estate Tour

Sept. 25-28 Ecuador Coastal Real Estate Tour

Oct. 9-11 IBEZ North Carolina

Oct. 21-24 Ecuador Import Export Expedition

Nov. 6-8 IBEZ Ecuador

Nov. 9-10 Imbabura Real Estate Tour

Nov. 11-14 Ecuador Coastal Real Estate Tour

Attend any two Ecuador courses or tours in a calendar month…$949 for one.  $1,349 for two.

Attend any three Ecuador courses or tours in a calendar month…$1,199 for one.  $1,799 for two.

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