4 Reasons Why Cabo Real Estate Might Be The Best Investment Of Your Life.
Yes, there are many ways to make smart money with a strong return on investment, but there are very few investment opportunities that provide a unique, fun lifestyle change. Cabo San Lucas real estate is booming right now, with billions of dollars worth of affordable ocean view condos and multi-million dollar villas right on the beachfront, which include many additional financial incentives.
Here Are 4 Reasons Why Cabo Real Estate Might Just Be Your Best Investment Ever.
1. LOW PROPERTY TAXES
I have already discussed this topic at length in another article, which you can read in full here (CLICK HERE), so I will get straight to the point. Cabo’s property taxes are just a tenth of what citizens of the United States pay in their home country.
THE NUMBERS
A CONDO VALUED AT $300,000
USA Average Taxes: $2000 – $3,000 USD per year.
CABO Average Taxes: $300 USD per year.
___________________________________
A BEACHFRONT VILLA VALUED AT $5,000,000
USA Average Taxes: $37,000 – $43,000 USD per year.
CABO Average Taxes: $5,000 USD per year.
You already know that, if you want a smart investment, you should buy a home in a location where taxes are low.
2. MARKET GROWTH
For the past 25 years, the cost of the average home in the United States has increased by 3.9% per year. What you might be interested to know is that, in Los Cabos, because of the billions of dollars that have already been invested into developments and resorts such as DISCOVERY and the FOUR SEASONS, CABO IS BOOMING!
Cabo is projected to enjoy market growth between 8% and 15% each year. If you’re willing to invest time and effort, you can do what Bill and Sheila did: two baby boomers from Canada bought a mountain lot in Cabo with an ocean view and then built their castle. CLICK HERE for the full story of Bill and Sheila and their dream move to Cabo.
SHEILA AND BILL’S NUMBERS
Lot Price: $70,000 USD.
New Home Construction: $200,000 USD (4000 sq ft).
Selling Price 4 Years Later: $500,000 USD.
To summarize, if Cabo is your new home, you can make a great deal of money at any budget. From homes priced anywhere between $200,000 and $34,000,000, you can receive an excellent return on investment.
Cabo San Lucas Airbnb – Buy Real Estate To Rent It.
3.BUY TO LIVE OR BUY TO RENT ON AIRBNB
Bill and Sheila not only made their property into their permanent residence, they also made their upstairs into a full Airbnb rental. CLICK HERE to see their home on Airbnb and rent it if you desire :). With 3.2 million vacations every year, you can now use your investment home as a lucrative rental property if you wish. Homes that are managed effectively by an owner or their property manager enjoy an average occupancy of 22 days per month.
THE NUMBERS
A condo or home valued at $300,000 has an average nightly rate of $160. The average total profit is about $3,520 per month. A condo or home worth $2,000,000 has an average nightly rate of $1000 – $1,400. The average total profit per month is about $25,000.
4. LIFESTYLE
Everybody’s lifestyle is unique, as is their cost of living. The price or value of living, full or part-time, in Cabo can only be truly discovered after living here and experiencing all the amazing benefits.
YOUR NUMBERS
1. Your value for no traffic. $__________
2. Your value for endless adventures $_________
3. Your value for living the Jimmy Buffett lifestyle $________
4. Your value for living near the ocean and breathtaking mountains $_______
5. Your value for living in a location where there is an abundance of art, culture, local eateries, celebrity restaurants, fishing, golfing, relaxing, in addition to excellent hospitals and other essential services $_______
The numbers clearly don’t lie.
If your dream lifestyle investment includes a $300,000 Cabo home, you could save tens of thousands per year compared to an equivalent property in the United States. If your desired lifestyle investment includes a $2,000,000 Cabo home, you could earn more than a hundred thousand per year compared to the USA. If you simply want to experience an unforgettable, fun lifestyle, then Los Cabos is the ideal spot to hang your hat… or sombrero :).
If you want to learn more about the benefits of Los Cabos investment, please let us know.
