Editor’s Note: On Tuesdays we turn the spotlight outside of Porter & Co. to bring you exclusive access to the research, the thinking, and the investment ideas of the analysts Porter follows personally.
If you’re new to Porter & Co. and want to find out more about The Spotlight or want access to all past issues, click here.
Today, the Porter & Co. Spotlight is on a dear friend of mine.
We’ve known one another for close to 20 years, traveled to far-flung places, and done deals together that have worked out spectacularly well.
But, unlike most of the people I follow and work with, Ronan McMahon isn’t a securities analyst. His realm is real estate, particularly investing in foreign real estate.
And there is nobody who does it better.
I’ve seen him absolutely blow the lights out on real estate deals in Cabo, Portugal, the Dominican Republic, Panama, and many other locations. Since the pandemic, however, the game has changed.
With millions of people adopting remote work… escaping government overreach … or just realising the benefits of living elsewhere, the prices of foreign real estate have exploded.
As prices in well-known destinations soar, investment opportunities have opened in new destinations… places off the typical tourist and expat paths… places you’ve likely never heard of before.
For the last two years now, Ronan and his team have been driving rural routes in Italy, France, and Spain… flying to Portuguese islands in the mid-Atlantic… talking to brokers in the Balkans… meeting developers in little-known beach towns on Mexico’s Pacific coast… touring incredible new communities in the Dominican Republic, Costa Rica, and Panama…
In his words…
We’ve been hunting for the ‘next places.’ Not only have we found these places, but now, after years of this boots-on-the-ground research, it’s become clear to me that the era of the next places has arrived.”
When Ronan told me he was back in the U.S., I invited him to the farm to tell me where the next big opportunity in real estate is… what he is buying and selling… and what I should consider investing in.
We filmed our full conversation for you, too.
Whether you’re considering leaving the U.S. (like I am)… or you’re looking for the next big opportunity in real estate (the deals Ronan sets up are often grand slams)… or you want to better understand how the tides of liquidity are reshaping the global economy, you’ll want to check out our conversation.
Ronan has also set aside a special report detailing all his findings. It’s called The Best Places In The World To Buy Real Estate In 2025. You can read the full report by clicking here.