In our latest episode, we bring you along to the beautiful beaches in Belize to share why lifestyle investing is a way to make memories AND money.
When you set it up right, your real estate investments can work for you AND give you and your loved ones a beautiful place to play.
There’s a reason people like Harrison Ford, Reese Witherspoon, and Bill Gates seek out the serenity of Belize for private getaways. With lush green tropics, gorgeous white beaches, and Caribbean ocean waves, Belize is postcard-worthy in every sense.
Want to learn how YOU can get your own piece of this untapped paradise? You can see it in person with us and join us in our latest episode of The Real Estate Guys™ radio show:
- Your beachfront investor host, Robert Helms
- His beach bum co-host, Russell Gray
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Design your life to fit your lifestyle
The whole point of investing in real estate is to create assets that will make your life better…
Giving you freedom to enjoy what you really love, with those you want to be with.
Isn’t that what we’re ALL after?
Often, real estate investors own rental properties that will turn a profit … but their properties may not be places they’d necessarily want to live (or spend any more time than necessary!)
That’s all OK. We get it. We’ve been there too and it’s important to know the numbers make sense.
However … what if you can have a luxury property you are PROUD to own, WANT to visit, and will make a wise investment?
Even more, is it really possible to have tax deductible trips to places where you have investments?
YES!
It was quite the revelation when we figured it out more than a decade ago. It’s all about location, location, location … and timing, timing, timing.
Overcoming hurdles of investing where you don’t live
Some people get nervous about the idea of buying property in foreign lands.
They say it’s risky.
We say it’s risky not to educate yourself, and keep all your assets in the same country’s jurisdiction.
Everyone has different risk thresholds, and we get that, but may we suggest the more you know, the less scary investing abroad will be.
Investing where you don’t live, whether it’s in a nearby state or a faraway country, presents many of the same challenges.
They can be overcome, though!
As part of the checklist of things to understand, you need to be comfortable with the local market, laws, customs, taxes, property ownership rights, etc.
Think about it: Anything out there that has a barrier to entry will have less competition. The more difficult it is, the better the opportunity when you cross that threshold.
Making the numbers work for lifestyle real estate investing
Before we get into OUR favorite place for lifestyle investing, pick a spot YOU love to vacation.
It could be the nearby lake town, tropical Hawaii, wine lovers’ Napa, or romantic Paris.
Wherever your sweet spot, if you own a property where you’d normally have to pay to stay in on vacation, you gain benefits.
Rather than paying with after-tax dollars for a vacation (meaning you’re actually need to save up 30 – 40 % more than the actual vacation costs), you reap rewards of being an investor, such as:
- You save vacation dollars by not having to book a hotel or Airbnb place to stay, every time you visit.
- You write off depreciation of the property as a tax benefit.
- If it’s located in a foreign jurisdiction, you enjoy offshore income and asset protection.
Why Belize is so amazing for investors
We could go on and on about Belize (and we do in our podcast!) We think it’s truly one of the most beautiful places in the world. We love sharing it with you on our discovery trips.
On the eastern coast of Central America, Belize faces the Caribbean Sea. To the west, there are dense jungle rain forests with Mayan ruins. With strings of tropical islands, white sands, and amazing palm trees, it’s a picture-perfect place.
It offers world-class diving, snorkeling, spearfishing, and is only a couple hours in the air from hub cities in the United States like Miami, making it easy to get to.
Belize is small country, with a population just shy of 350,000, and is the only country in Central America with English as its official language. Every contract is in English, which makes purchasing real estate easier.
Belize is involved with the highly respected Caribbean Tourism Organization, but hasn’t yet reached the attention of investors of neighboring areas. It’s still prime picking in Belize!
In terms of GDP, this lush country is self-sustaining. They produce more than enough meat, vegetables, and fruit for their population and export produce and petroleum. The fish are amazing, the chicken is free range, and there are no GMOs of any kind – everything you find in the market is all organic.
Interested in knowing more? We share lots more Belize goodness in our podcast …
Remember, some people go on vacation and spend money. Others visit their investment property, make money and memories for a lifetime.
To truly discover Belize, you have to see it in person! We visit Belize regularly to help investors discover the potential for profit in this practically perfect paradise. We’d love to see YOU there!
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The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training and resources to help real estate investors succeed.
