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Introducing
Pat O'Neil...
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Pat O'Neil
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As both founder and
President of the www.pin.ca website I would like to introduce you to
Pat O’Neil. Pat
does not come to us as a stranger. A close friend introduced
us to him. That close friend is John Koelle, who invested
money in www.pin.ca in the early years.
John generally makes
sound investments and his investment in Pin was no exception. During the year following 9/11 it was the sales from the
Internet work we did for John that brought in the majority of his
income. John does his due diligence before making investments
and I had been hearing many good things about Pat O'Neil through
him. "Why don't we put Pat on www.pin.ca?" I
mentioned to John, and here we are. Take this as my personal
introduction. I can't guarantee your investments, but I can
guarantee you that that Pat O'Neil is a quality guy with an
impressive reputation and track record. Do your due diligence
and happy investing!
Eric Jordan
(President)
Pin Services Ltd. www.pin.ca
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This
is the research that tells us this is a solid investment:
The development growth has been moving slowly down the Pacific
coast. Tamarindo (50 miles north with a 4 seasons hotel,
condos, clubs) is the ultra upscale site now with prices similar
to Florida. Nosara (20 miles north of us) is just taking off and we're
betting that the limited supply of ocean lots will bring more
buyers and more development down to us easily within 2 years.
Questions?
Please email Pat O'Neil: Pat@Stockbook.com
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Beach
access is guaranteed by the government.
Costa
Rican government owns all beach in the country. Normal
titled lots begin 200 meters from high tide line. Some
grandfather exceptions have 50 meters. Because tourism is 60% of
the GDP, they are expanding public access to water.
Costa Rica
is probably the most stable Latin American Government, making
investment there quite safe. We also carry title insurance
from the largest provider in the world Stewart
Title of
Houston
Texas
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Please
visit www.stockbook.com
for more specific details about this investment opportunity.
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The Play
The Loring Freshwater
Fund, with Pat O'Neil as President, buys strategically located desirable
waterfront land that is prime for development. Pat then subdivides
it into parcels to be sold as Tenants In Common. The Freshwater Fund
with Pat own half and you can purchase the other half. Pat does all
the work. From surveys to legal work you are covered.
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Here are a few of the
advantages in this way of investing:
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Money
back Guarantee: Get 100% of your investment back from the Costa Rica
Oceanfront Lots Fund anytime upon 60 day notice (this is your
emergency out).
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Title
insurance thru Stewart Title of Houston Texas who are worldwide
leaders in Title Insurance.
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Invest
in raw waterfront property that traditionally has appreciated at a
rate of 20% to 70% a year.
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You
get the best of both worlds. Great potential for appreciation while
your partner does all the work. You are Tenants in Common or joint
owners of the property. Costa Rica Oceanfront Lots Fund sells only
half shares. These are the professionals who are managing the land,
paying the taxes, keeping the squatters out, making improvements to
get maximum return on the investment. You do not pay your
share of these costs until after the property is sold.
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Squeaky
clean track record. Take a look at the profile. We will open the
books and give you names addresses and phone numbers. We have prior
and current investors you can speak with; one of them John Koelle
who is well know to www.pin.ca.
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Who
else guarantees they will return your principal on 60 days notice
while also offering a chance to have such a large upside at the same
time?
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These are professionals who
have done their due diligence. They mitigate the risks so people can
take part in the most lucrative aspect of owning real estate. We
hang on to that land long enough to take advantage of the largest jump in
appreciation (usually 2 to 5 years) with the minor improvements
done. The growth has been moving slowly down the Pacific coast.
Tamarindo (50 miles north,
with a 4 Seasons Hotel, condos, clubs) is the ultra upscale site now with
prices similar to Florida. Nosara (20 miles north of us) is just
taking off and we're betting that the limited supply of ocean lots will
bring more buyers and more development down to us easily within 2
years. As a half owner with all the investors, we are also
interested in getting the best return on my dollar. We expect we'll
give people notice about how we see the Costa Rica resale market
developing and make decisions about how to maximize the value after 2
years; maybe hold longer or maybe sell multiple lots to a developer.
We think the market will make the selling decisions easy to see.
Sell, take the profits and
move on. |
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100 acres overlooking
the Pacific Ocean in Corozalito, Costa Rica. 10 lots have
mountains and river view. 12 are riverside, 36 lots have ocean
view from a high ridge at about 200 feet elevation, 6 premium lots
have ocean view from 300 feet elevation. The property in front of
us drops off sharply from our ridge; no one will block our view.
It will need roads and utilities.
Our property has a river, 2
freshwater springs, a waterfall, rolling hills and lemon trees.
Commercial commuter planes arrive from San Jose twice a day. There
are 2 roads to the beach; one walking and one driving. The pink
sand beach has 40 palm trees and a large grassland park giving
permanent beach privacy; no buildings or neighbors (see air
photos). Ocean water temperature is 85 degrees. A home owner here
could get off the commuter plane and walk home.
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History:
Our caretaker at San Miguel found this lot and told our Costa
Rican land scout about it. The lot was owned by a 75 year old
farmer who held it as a small farm for his 95 year old father (who
can stay on site with his wife). Our nearby San Miguel caretaker
will also watch this property. Caretakers are necessary to keep
squatters off the land (squatter rights begin in 90 days). We
closed November 2, 2005. There are 3 high ridge ocean view spots
on the property and are suited for 2 story spectacular condos or
homes. We have 40 acres as wild forest common area.
Strategy:
Investors buy a half interest in a lot currently owned by
Loring and managed by Pat O'Neil. Now the investor and Loring are
Tenants in Common. The lot stays undeveloped for 3 - 5 years, then
is sold with profits divided between Loring and the investor.
Application for a condo development will take 3-4 years to
approve. With planes arriving twice a day, a high end condo
development would be visible to all tourists who could get off the
plane and walk next door to a model condo.
Something
comes up: Loring offers its TIC investors an
"Emergency Out" and will buy back 100% of the original
investment after a 60-day notice. Please keep in mind that you
would lose any property appreciation by taking advantage of the
Emergency Out.
Sample
TIC Investment: An investor buys a half share in a
$38,000 lot for $19,000. If I decide to sell after 3 years
of appreciation at $90,000, we'd split the net gains (we share all
expenses) after we take our 1% management fee of $900. TIC
investors control first right to buy the lot at a discount to
market.
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| Hear an audio interview:
Audio interview coming soon.
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| Comparable
Properties For Sale
Pat
took the area market prices for comparable lots and cut that by 10% You
are getting in below market price and get to take advantage of full
appreciation going forward. One strategy is to purchase half interest in 2
lots then have the option to keep one fully paid and give one back at
selling time.
You
can check market prices by visiting to the websites below.
- CLICK
HERE to view other Costa Rica ocean view lots for sale.
- More Costa Rica ocean view lots for
sale HERE.
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FAQ
Waterfront land investing
What is fractionalized
ownership or TIC (tenant in common)?
Can I sell my share?
How long before the
property is sold?
Who pays the bills
during the 2-5 years?
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We manage the property
and pay the bills (taxes, insurance, closing costs, etc) until the
property is sold. When we sell we settle up your share of the bills
and split the gains according to our percentage of ownership of the
property.
What is your management
fee?
What if I need my money
before it is sold?
Is the title good?
Do I pay any tax on the
appreciating value?
Who controls the sale
of the property?
What if Pat should die?
Can I buy the property?
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Business Week Online - October 19, 2004.
Portion of Interview with Pat O'Neil by Amy
Stone/Jack Dierdorff
Q: How has your fund done so far this year
and longer term?
A: When the market recovered last year, we were up 106%. That general market
recovery stopped last January, and we're up 6% year to date (+22% for 2004). So
you can see that our fund depends on a stable market to be able to make money.
The tough year this year led me to open a second fund, targeting defensive
investing, and our real-estate fund has done very well.
This is something people might consider on
their own. We buy waterfront raw land and just tuck it away. There's an absolute
limited amount of waterfront land, but there's a growing demand of baby boomers
buying vacation property.
Q: How do you see tech stocks, other than the
Net? Any you hold or see as buys?
A: In general, tech stocks have held up better than the Dow, and that means the
Nasdaq index. The larger tech companies such as Intel (INTC ) make components
that most technology companies must buy. Every technology product has chips.
Consequently, we think chip stocks as a group will have a tremendous move with
the economic recovery.
You can buy shares of index funds or
exchange-traded funds that focus on either technology or the chip companies
themselves. It's a good bet with minimal risk because a group of technology
companies will never go bankrupt -- as might one individual company.
- CLICK
HERE to read the complete interview at Business Week Online.
- CLICK
HERE to read a recent article about Costa Rica popularity in the New
York Times. (Feb 03/06)
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