One of my hottest locations for real estate opportunities right now is Fortaleza, on Brazil’s northeast coast. I identified two strategies at play when I first scouted this city more than two years ago, and they still hold true today.
A new, emerging middle class means new consumers. These new consumers buy cappuccinos, refrigerators, cars, vacations, new homes and second homes. This started happening in the US in the 1950s.
We can profit by owning the condo this new middle class lives or vacations in, or the building that houses the coffee shop where they sip coffee.
McMahon, an expert on international real estate, is on record saying, "As far as I'm concerned, Fortaleza is the best beach-front buy on the planet right now."
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