20 June 2009
Dear IPA Friend,
My ears pricked up when I heard this hotel in Panama is going to be managed by the Wyndham Group. Here are the 'bare bones' of the passive investment...
A pure investment deal in Panama City, Panama.
On offer? Shares in one of the best developments in Panama City.
Each share is sold for $100,000 and can be paid in 3 equal instalments.
There is a 5 per cent guaranteed return over 3 years starting as soon as the funds have cleared in the development account.
The return after 3 years is projected at just below 10 per cent with 60 per cent occupancy.
No mortgage.
No closing costs.
No ever-rising maintenance to worry about.
No tax on revenue.
No need to open a bank account in Panama as the revenue will be wired to any account of client's choice.
Everything is taken care of. The property will be managed by the world renowned hotel group and the developer has 38 years experience in Panama.
This project is an ongoing successful development praised by the government and falling under Panama touristic law 8.
If you are interested in this development, please email me back. At present, I am just looking for a show of hands.
Assuming there is sufficient interest, we will do all the due diligence and present the opportunity to you properly, with brochures, facts and figures etc, within about four weeks.
For now? Email me back if you're a 'possible', a 'maybe' or a 'I'd like to know a little more'.
With Best Wishes
Iain
Iain Maitland
Editor, International Property Alerts
PS. Interested in the Bradford Hotel deal? Email me back as it looks as though 70 per cent finance may be available!
PPS. Remember the York deal - offices with Sainsburys down below? We can now offer a low-cost investment at £11,000 + vat less than before. Email me for more information!
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