Execution in Ecuador...
Lately too many of those executions have been just that...killers of our returns in this market. Every day there is more gloom and doom and unfortunately it is well founded at this time in the markets. What if there was a place, an investment, a commodity let's call it that is returning 50% or more in less than a year's time. Would that be worthy of investigation...maybe even "pulling the trigger"? I am talking about the abundance of real estate that is waiting for foreign investors here in Ecuador.
Opportunities present themselves from time to time and some are worthy of investigation and some aren't worth the time it takes to review them. I have mixed feelings about sharing this opportunity because we all know what happens when 'the word gets out'...prices start to rise...those that get in early make money and those that hesitate sing the blues once more. Can an investor come here and make money? Is the ride just starting or pulling back into gate? Let us put it this way, if you could have bought property around Cancun, Bocas del Toro, Boquette or other 'Now' hot spots 15 years ago would you have done so? Ecuador will be and IS the next Costa Rica, Panama, Nicaragua, Belize.
Let's head to the coast. Do you like the idea of finding the likes of Puerto Vallarta, but in its infancy. Here the time frame for profits is compressing. Everyone that comes to Ecuador wants to own beach front here...even if they had not planned on such a purchase.
So the question comes to mind as to what and where should one buy to make money in Ecuador? We can answer that in four words....everything and everywhere selectively. The Andes, the jungle and of course the coast. The next question and maybe even more important is your time frame. How long do you want to hold that investment? What are your goals...income, appreciation...both?
If you are looking for rapid return on your investment then you will want to concentrate on the hot spots. On the coast that would be Ballenita, Salinas, the Montanita/Olon beaches, Rio Chico, and Manglaralto. Each area offers instant gratification. Salinas your best bet for both appreciation and income would be a condominium that is finished or in the construction stages. Pre construction brings you a wonderful profit that can be made during the building phase or the big return when the doors open for occupancy.
Ecuador brings to the table a feast of fortune to be devoured by the hungry investor. Investors that want to wait to see what is left will get just that...left overs.
Life is Good in Ecuador!