RE/MAX 1st Choice Belize – David Kafka

RE/MAX 1st Choice Belize – David Kafka

 

Get a taste of paradise from a broker who knows Belize!

Belize is one of the world’s hottest developing countries … but just like cowboys in the wild, wild west, investors don’t want to ride out into the market alone.

That’s why David Kafka is a go-to guy for EVERYTHING investors need to know about this Central American paradise.

In 2006, David arrived in Belize for vacation and to explore possible investment opportunities … He loved it so much that he permanently relocated there in 2009.

As a successful investor himself, David knows the unique challenges investors face … like financing and property management. He’s solved theses common problems for himself first and then for investors day-in and day-out.

Real estate everywhere is a LOCAL game … David’s team is connected with many brokers in a variety of neighborhoods in Belize. Together, his network of brokers know the country like the back of their hand.

In a developing country, like Belize, investors are wise to be careful when engaging with unknown agents … things aren’t as regulated as you may have come to depend on in the states. We appreciate the fact that David is a RE/MAX broker … investors can move forward with confidence doing business with a strong brand on the line.

As you explore Belize, David and his team are ready to answer your questions and point you in the right direction.

Simply fill out the form below and a representative from RE/MAX 1st Choice Belize will be in touch!

How to Buy Property and Use Leverage, In Belize!

How to Buy Property and Use Leverage, In Belize!

 

You CAN use leverage to buy properties in beautiful Belize … you just have to think creatively!

Buying property in Belize sounds like an investor’s paradise … but many people struggle to pull the trigger.

Some don’t have the cash. Some want to use other people’s money. Others are simply afraid to invest in a land they don’t understand.

This special report highlights insider tips from David Kafka … Belize investor and Re/Max broker.

Working with investors every day in Belize, David specializes in creative options for using leverage to buy property …

Discover:

✓ Options for buying in Belize when low-cost financing isn’t always available

✓ Special considerations … like fees … for each financing route

✓ How to put yourself in position for massive equity growth

✓ And more!

Get creative, use leverage, and buy property in this piece of paradise!


Start by filling out the form below to access How to Buy Property and Use Leverage, In Belize!

GDP blowout pales compared to THIS market’s growth …

The Q1 numbers are in and the U.S. GDP came in at a robust 3.2% … MUCH better than expected. 

While it can be argued there’s some fluff hiding under the hood … with growing inventories masking lackluster consumer spending … 

… the financial media are describing 3.2% growth as a “big upside surprise,” “upbeat,” and a “blowout.” 

That’s a lot of excitement over 3.2% growth. 

So let’s shift to real estate …  

The Q1 numbers are in for tourism in the country of Belize … and after hitting an all-time high of 6.6% YOY in March (the 28th consecutive month of YOY growth) … 

… Belize’s first-quarter 2019 visitor arrivals grew 6.3%! 

In the parlance of resort property investing, that’s called DEMAND.

Of course, healthy demand is a key component of that all-important supply and demand relationship smart real estate investors watch so carefully. 

If you’ve already been on our Belize field trip, you’re familiar with the favorable supply and demand dynamic in Belize’s top tourist destination.

You also know big brands like Hilton, Marriott, and Coastal Living are staking claims in this exciting growth market and product niche.  That’s a BIG clue. 

Of course, we’ve been talking about resort property investing for quite some time. With boomers retiring every day, resort travel is a “booming” niche.

Resort property is a great way to earn rents from the affluent … while adding some lifestyle benefits to your real estate investing. 

So while the blowout United States GDP number is interesting to paper pundits … we think the significant and consistent tourism growth in Belize is much more exciting and actionable for real estate investors.  

Maybe it’s time for YOU to put on your sunnies, sandals, and swimsuit so you can …  

Join Robert Helms for an intimate guided tour of the resort property market of Ambergris Caye, Belize on our upcoming Belize Discovery Trip! 

Click here now to claim YOUR seat on the next Belize Discovery Trip >> 

You’ll LOVE it …


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Ask The Guys – Cash Offers, Crappy Properties, and More

We’re back again to tackle the questions we missed in our last Ask The Guys episode. We love these episodes and the opportunity we get to talk through some of YOUR real-world investing opportunities and challenges.

We hear from listeners dealing with tenant damage and security deposits, 1031 tax-deferred exchanges, nontraditional lending ideas and TONS more.

First, the ground rules.

We talk about ideas and information. When you’re dealing with real money in the real world, you want to consult a professional. We don’t offer legal, investment, or tax advice.

In this episode of The Real Estate Guys™ show you’ll hear from:

  • Your problem-solving host, Robert Helms
  • His trouble-making co-host, Russell Gray

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Question: How soon can I move in after a cash offer, and how low can I go under the asking price?

Joseph in Tacoma, Washington, asked this question. The important concept to understand here is price versus terms.

Whether or not you offer cash or take out a loan, the outcome is essentially the same for the seller. What cash offers is a quicker payout with certainty.

But, this isn’t attractive to every seller. In some cases, a quick closing isn’t what a buyer wants at all, so the promise of quick cash won’t be an incentive.

When you’re negotiating with cash, make sure what you’re offering lines up with the seller’s priorities. A cash offer doesn’t automatically mean a 20 percent discount.

Question: I rehabbed a rental property in Detroit, and now I’m ready to sell. My tenant wants to purchase the property, but she has limited cash on hand. How can I find a lender to do the deal?

Wilbert in South Field, Michigan, brings us this question. He wants to sell the home for $38,000, but the appraisal came back at $20,000. That price gap, as well as the location has made it difficult to find a traditional lender.

The first problem is that many banks won’t do a loan for less than $50,000. If the lender is going to go to all the trouble to do the paperwork for a percentage of the loan amount, then the loan amount needs to be enough to get their attention.

Here are a couple alternatives for Wilbert to consider:

  • Find a private lender. This might mean a higher interest rate for the buyer. But, that higher interest rate will be more likely to attract a lender.
  • Be the private lender. Rather than finding an outside investor, work a deal with the tenant to have them pay the loan to you instead. If they pay off the mortgage, you’ve still had that steady stream of income. If not, you’ll get the property back to rent or sell to someone else.
  • Find a different buyer. If finding a private lender isn’t possible, consider finding a different buyer who is able to get financing or purchase the home for the price you want to sell.

Question: When a tenant in our out-of-state rental moved out, they caused a lot of damage. Why don’t tenants take care of their rentals better, and why are they surprised when they don’t get their deposit back?

Renters view their home differently than an owner. How else do you explain that it feels like no renter owns a vacuum cleaner?

Damage to property is part of doing business as a landlord. But, Lauren in Charleston, South Carolina, did a lot of things right. They documented all the damage with photos before the tenant moved out, had a third-party realtor do a final walkthrough with the tenant, and got estimates from contractors to repair the damage.

Here are a few other things you can do to deal with damage:

  • A picture is worth a thousand words. Take photos of the property BEFORE the new tenant moves in and get their initials on the photos. Then, when they’re ready to move out, you can use those photos to justify the cost of any damage.
  • Open up a pet policy. Many landlords are hesitant to allow pets in a rental. But, with a hefty pet deposit and even a little higher rent, you can come out on top.
  • Get a read on your renters. As you screen applicants, be perceptive. We’ve also known people who will meet with potential renters at their current residence to see how they treat their current space. This may not be possible for everyone, but get creative and thoughtful about how you screen new renters.

At the end of the day, renters are more likely to treat a rental home with less care than you do. Damage and repairs are a cost of doing business, so make sure you build that into your budget.

Question: I want to sell my rental home in California, and I’m interested in the 1031 tax-deferred exchange to buy a new property in Texas. I’m confused by the IRS form and want to know if this will eliminate my taxes in California?

Cindy in Fort Worth, Texas, is definitely an A student!

First of all, we want to be clear that with this kind of complicated tax question, you need expert opinion and advice. A 1031 tax exchange intermediary will be well worth the cost and can answer all your questions.

The intent of the 1031 tax-deferred exchange is that if you sell a property and then purchase another property, you can defer the tax. As you buy and sell properties, you can continue to defer the tax, but there isn’t a way to eliminate the tax completely.

Finally, try not to let the tax tail wag the investment dog.

Real estate offers many great tax benefits, which is one of the reasons we love it! But, when you’re dealing with real money and the IRS, you need a team of experts to guide you.

Life is short, and you don’t want to spend your valuable time reading an IRS form.

Question: How can I learn more and get coaching on real estate syndication?

Addie in Seattle, Washington, brings us a question that is near and dear to our hearts!

We recommend our Secrets of Successful Syndication seminar as your first step. Whether you want to be a syndicator and learn how to leverage money with a group of investors or invest passively in real estate, this is an event you’ll learn a lot from.

In this seminar, we’re teaching the strategies that have been a part of our investments for years.

We do have a coaching program, but you can only learn about it at the seminar during an OPTIONAL session after the two days are done.

If you want to register for the event and see if syndication is right for you, we’d love to have you!

Question: My wife and I have a real estate investment company with 23 doors under rent. We’ve found traditional lenders to be slow and cumbersome and want to simplify our lending process. How can we do this?

John and Karen in Troy, Ohio, are having trouble scaling their business because of lenders. They write that they’d be willing to pay a higher interest rate to make the process easier and more streamlined.

For traditional banks, the process is often necessarily slow. They need to do due diligence to make sure the investment is a good one.

Private capital is easier and faster, but it comes at a higher price. This can be done through syndication or networking to find interested investors. Make sure you’re well advised and working with big deals, and you’re well on your way.

We’d also suggest that with the rollback of some of the Dodd-Frank provisions, some of the restrictions on community lending have eased. If you haven’t checked in with your community lender recently, it’s worth getting to know them. They’ll get to know you and your entire portfolio of properties and could be a valuable resource.

Question: I wasn’t able to attend your events for the Future of Money and Wealth in Florida. But I’d sure love to get access to that information. How do I do that?

A listener in Hawaii wants to learn from the incredibly faculty we brought in to talk about how to keep up with the changing times in the economy.

This was a one-off event, and it was an incredible gathering of some of the best minds in a variety of subjects all focused on how to protect your wealth.

We recorded the event with a professional video crew and now have 20 different panel discussions and presentations available to watch.

You can visit the Future of Money and Wealth website to learn more or send us an email to future [at] realestateguysradio [dot] com. We’ll get you all the details on how to access these videos.

Question: My schedule seems to be always booked up by the time I hear about the Belize discover trips. Do you know the future trip dates for later in the year?

Tim in Silverton, Oregon, like many of us, has a busy schedule and needs to plan ahead!

To find out events as soon as possible and to get them on your calendar, get on our advanced notice list. Head to the events tab on our website. If you find an event there, and the date doesn’t work out, get on the advanced notice list and you’ll get an email letting you know about future dates.

Our next Belize discovery trip will be August 24-27, and registration is open now! We hope to see you there.

Question: What is the definition of a performing asset?

Matthew in Nacomin, Florida, asks us the shortest question in our inbox!

Simply put, a performing asset is something that puts money in your pocket. The more cash flow, the more equity. If you have something on your balance sheet that doesn’t put money in your pocket, it’s not a performing asset.

When you consider an asset you can go for a fat cow, a performing asset that will come at a premium but continue to deliver, or a skinny cow, a non-performing asset that needs some work to get it performing again.


More From The Real Estate Guys™…

The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training and resources to help real estate investors succeed.

Pension Crisis Threatens Property Owners

Pension Problems Piling Up …

Anyone paying attention knows the world is facing a global pension crisis.  And if you don’t think it will affect you … think again. 

Consider this report recently issued by the Federal Reserve Bank of Chicago …

How Should the State of Illinois Pay for Its Unfunded Pension Liability?  The Case for Statewide Residential Property Tax 

“The State of Illinois has a very large unfunded pension liability and will likely have to pay much of it off by raising taxes.” 

And guess what?  Illinois isn’t the only place with pension problems.  California is a HUGE mess too … as is much of the country.

According to this report from The Pew Charitable Trusts, only four states had at least 90% of the assets needed to pay promised benefits.

It’s BAD.  And the Federal Reserve apparently wants to tax property owners to fix it. 

“In our view, Illinois’s best option is to impose a statewide residential property tax …”

“ … the tax rate required to pay off the pension debt over 30 years would be about one percent.”

 But it gets WORSE … are you sitting down?  This is SHOCKING …

“There are good reasons to pay off … pension debt through … residential property tax … home values go down …”

“ Current homeowners would not be happy, but … would not be able to avoid the new tax by selling their homes … because home prices should reflect the new tax burden quickly.”

In other words, prices will crash, and upside-down homeowners are trapped.

Nice.

In a presentation at Future of Money and Wealth, we warned that financially strapped governments would turn desperado.  This is a classic example. 

This isn’t hyperbole or conspiracy theory.  We don’t make this stuff up.  These are the Fed’s OWN WORDS.  You can (and should) read them yourself. 

Here’s a link to a PDF we highlighted to make it easy for you.   And here’s a link to the Chicago Fed’s website where you can see the source with your own eyes.

The writing is on the wall.  Property owners are easy prey because the asset is right out in the open.

BUT … the low hanging fruit are properties in jurisdictions where the desperado taxman has authority.

That’s why many savvy investors park wealth in non-domestic property … in countries where the tax burden is small.

If you’ve been following us for any length of time, you’ve been bombarded with invitations to come to Belize.  And this is another one. 

We don’t understand why EVERYONE reading this wouldn’t drop everything and immediately register for the next Belize discovery trip … and learn how to invest in offshore real estate.

You don’t need to be a multi-millionaire to diversify your wealth internationally.  But you do need to get educated and connected.   

The Belize discovery trip is a great way to start.

And the trip is not just relatively affordable … it’s FUN! You get a multi-day semi-private educational tour personally led by our very own Robert Helms.

And one last suggestion on the educational front …

We videotaped the entire 14 hours of the Future of Money and Wealth conference … and you can click here to order the entire collection of Future of Money and Wealth presentations and panel discussions.

In spite of all the rosy economic rhetoric … and yes, there are some good things happening … there are still some BIG landmines out there.

This latest trial balloon from the Fed should be a wake-up call for all real estate investors.  Isn’t it prudent to explore options while there’s still time?


More From The Real Estate Guys™…

The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training and resources to help real estate investors succeed.

Ask The Guys – Apartments, Retirement, and Offshore Entities

Our listener questions this week run the gamut from extremely practical to extremely theoretical.

As always, we weigh in on topics that are relevant to YOU … listen in to hear our ideas on apartment management basics, diversification, and more … plus some podcast recommendations and a whole lot of info on one of our favorite places, Belize.

Keep in mind that we are not legal or tax professionals. We do not give advice. The ideas in this show are simply that … ideas.

In this edition of Ask The Guys you’ll hear from:

  • Your deal-hunting host, Robert Helms
  • His tag-along co-host, Russell Gray

Listen



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Question: What expenses do I need to budget for as an apartment building owner?

Arnie in Minneapolis has a 20-unit apartment building that provides student housing near a university. He asked us to explain what his basic expenses will be. First, the obvious:

  • Utilities. These can get a bit tricky, though, because the tenants may not pay all the utilities directly. You may have to pay for gas and water, for example.
  • Taxes. Make sure you’ve done your research and know how and when taxes are reassessed in your area.
  • Property insurance. This is a must.
  • Management costs. Consider how much staff you’ll need and whether you want to hire third-party management.

And the less obvious:

  • Marketing and advertising costs. Marketing your property helps cut vacancies. For a college property, brochures may be one option.
  • Legal costs. Make sure you have a legal team in place and a process for handling tenants with bad debt.
  • Maintenance. Small but necessary services like pest control and carpet cleaning can add up.

Although apartment owners have to juggle a list of expenses, there are ways they can make some extra income. Apartments geared toward both college students and other types of residents can offer paid laundry services, parking spots, and even furniture rentals.

Question: I’m a new investor. Should I diversify with different product types and markets now, or later?

This Texas listener started investing in the past year and is trying to hone his personal investment philosophy. Ryan said he owns two single-family homes, but is also interested in commercial, agricultural, and lifestyle properties.

He wanted to know whether it’s wise to start diversifying now or smarter to wait.

The simple answer is it’s up to Ryan. How much completely depends on the amount of time, energy, and focus you have to spare.

Having a great team can be the make-or-break factor.

Beginners are starting without the stable of resources that established investors have, and access to a mentor can make all the difference in whether you’re successful with a specific product class or market.

Being in the hottest niche doesn’t matter much if you don’t have a great team to support you.

We recommend Ryan spend some time poking around.

Diversification is great … but it means two markets, two sets of knowledge, two teams.

A single investor can only know a handful of markets really well, so getting well-acquainted with a single market can be a good place to start.

It all comes down to your goals … and passions.

The more you love a market or product type, the longer you’ll stay in the game.

Ryan, search your priorities and keep figuring out what you really want to do. What’s right for you may be honing in on single-family, or it may be finding a mentor to help you get involved in other markets.

Ultimately, the right choice is completely dependent on YOU.

Question: What do I need to know to get involved with a lending deal?

Steven from Havelock, North Carolina got an offer to be part of a private lending deal … but he wants to know how he can educate himself before he says YES … or NO.

Lending deals come in two forms … private loans, or divided private placements.

They all boil down to the same components:

  1. A piece of collateral against which you’re lending.
  2. A borrower to whom you’re lending money.
  3. A servicing process, to collect payments and distribute money to investors.

Although the basic process is pretty simple, it’s become more complicated since 2008. If you’re underwriting the loan, you need to know as much as you can about the following:

  • The management team’s process
    • How they manage and service loans
    • How they deal with default loans
    • What their basic guidelines are for protective equity
  • Projections for how much the market can pull back before the property in question is underwater
  • The debt-to-income ratio … how much income is available to service the loan

If you’re only investing, not underwriting, you don’t need to know every detail … but you do need to know enough to know that the people doing the loan know what they’re doing.

Take a look at the company’s track record, advisors, and business philosophy, policies, and procedures.

Make sure they have a realistic model for getting you a ROI.

And always make sure you have advisors … a smart legal team can tell you in minutes whether a deal is as good as it looks.

Question: Do you have any podcast recommendations?

Robert from Madison, Alabama said he’s obsessed with our podcast (thanks, Robert!) and also listens to Robert Kiyosaki and Peter Schiff.

He wondered whether we had recommendations for other podcasts in line with our thinking and perspective.

First, a caution … don’t seek out a single perspective!

As a real estate investor, you always want to strive to stand on the edge of the coin. Get multiple perspectives and then let those ideas interact with each other.

Peter Schiff and Robert Kiyosaki are absolutely valuable listening, but they don’t necessarily focus on real estate investing. If you’re looking for practical, tactical advice, consider the following:

Almost every real estate niche has experts producing media … if not podcasts, certainly books and courses.

Other wealth-related recommendations include:

We heard of a great technique for reading books, and we think it applies to podcasts too … read three chapters (or listen to three podcasts or so) and see whether the content grabs you.

If it doesn’t, it’s not worth your time!

Question: Do The Real Estate Guys™ provide mentoring services? How do I find a good mentor?

While we’re honored that Grant, from Denver, Colorado, would like to have us as his mentors, The Real Estate Guys™ do not provide individual coaching or mentoring services.

We coach the syndication mentoring club … a group for investors who have gone to our Secrets of Successful Syndication event and have a good baseline for investing and syndication.

That’s it.

However, we think there are lots of great resources out there for coaching.

Interested in a specific product type? Experts like Gene Guarino can coach you in residential assisted living. Other experts can help with everything from apartment buildings to commercial spaces.

Our recommendation … figure out what kind of help you really need.

Do you want someone to make you stick to deadlines and goals? Someone to give you practical resources? Someone to help you make connections?

Once you’ve identified your needs, take a look at who’s out there and do your research. Check in with former students to see if there’s evidence the program was successful.

Question: Do you have any tips on lifestyle investing in the Mediterranean?

Bob lives near dark and stormy Seattle. He and his wife are nearing retirement and want to spend their winters somewhere warmer … preferably the Mediterranean.

They’re looking for a part-time vacation home, part-time rental situation.

He asked whether we had any tips on researching the cost, feasibility, and process for buying a property in this region.

Unfortunately, we don’t have a lot of experience in this specific part of the world.

But we do have a lot of experience investing all over the world … enough to know that legal structures vary incredibly from jurisdiction to jurisdiction.

The key to success? Always get plugged in with someone who knows the market from a local point of view.

It would be a smart idea for Bob to plan a vacation … narrow down his interests to a specific market and work on making strategic relationships while he’s over there.

Yes, we just recommended a vacation!

Bob also needs to work on building a legal and tax team in the U.S. to deal with sometimes complicated foreign legal structures.

The short answer … worry more about acquiring relationships than acquiring knowledge.

Questions: Belize, Belize, Belize!

We had three listeners ask questions about our Belize Discovery Trip.

Travis, from Maple Grove, Minnesota, wondered whether investors have to be extremely wealthy to invest in Belize.

Along the same lines, Brad, from Bakersfield, California wanted to know the type of investments typically available in Belize … and whether potential investors can work around lack of available financing.

We believe there is a ton of opportunity in Belize … and you don’t have to be über wealthy to take advantage of it.

Belize doesn’t offer traditional bank loans. So investors have a few options.

One option is to go in on an investment with a group.

Another is to refinance a property you own in the U.S. and use the equity to fund a deal in Belize.

No matter the route you choose, be smart about it. Understand the supply and demand dynamics.

Ask yourself exactly what you want … whether it’s lifestyle, cash flow, asset protection, equity, or something else … then visit Belize and see whether the market will help you achieve your goals.

If the answer is YES, the next step is to build a team … and you can do that by joining us on our field trips and getting to know the people who will help you put together a great deal.

Our third question about Belize took a slightly different tack … Craig, from Rosemount, Minnesota asked whether an IBC is the only corporate structure two parties would need to go in on a deal together.

This is a legal question. And we’re not legal advisors.

But we can tell you that although people often use entities to buy properties in foreign coutnries, it’s perfectly acceptable to own property in your name.

If you do use an IBC, you’d have to use an IBC from a different country. IBCs can’t be used to do business in their country of origin.

The bigger question is making sure you understand what you’re trying to accomplish, why you’re doing it, and what the possible ramifications are.

Do your homework. You don’t want to learn a lesson by making the wrong mistake.

Yearning for more in-depth information about IBCs, financing, and buying in Belize? Come on our field trip!

Spend time with Robert and other investors, build relationships, investigate the market, and enjoy all Belize has to offer for three and a half days.

We guarantee you’ll learn something … and have fun too!


More From The Real Estate Guys™…

The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training and resources to help real estate investors succeed.

Finding Your Paradise Market and Property for Fun and Profit

Perhaps you’ve got a lot of investing under your belt and you’re looking for a picturesque place to retire. Maybe you’re interested in a second home or a vacation spot. Or you’re part of a new generation of nomads, working from exotic locations across the globe.

Whatever your situation, finding your paradise shouldn’t just be a far-off dream. In this episode of The Real Estate Guys™ episode we’ll discuss lifestyle investing … and why now may be the prime time to invest in your own personal paradise.

On the show today, we chat with an American ex-pat who now makes his life … and his living … on one of Belize’s beautiful Caribbean islands, Ambergris Caye.

You’ll hear from:

  • Your pro-paradise host, Robert Helms
  • His not-so-picturesque co-host, Russell Gray
  • The Paradise Guy, real estate pro William Narod

Listen




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Making the leap from stateside to the Caribbean

William Narod spent 26 years selling real estate in the United States.

After all that time in one country, William got the diversification bug. He started doing research, then headed down to the Caribbean to scout out several different markets.

That’s where he met The Real Estate Guys™ … lucky for both us and him, William joined us on a field trip his very first day in Belize.

William wanted to find an investment opportunity outside the U.S. … and he ended up finding a new life as well.

Today, William lives with his wife and kids on Ambergris Caye.

But he didn’t make the move without a significant amount of research. Before he settled on Belize, William looked at the leading indicators … tourism numbers, prices and appreciation, and so on.

Like William, the very first step you should take when you’re considering making any sort of investment outside of your native country is getting educated.

Every country has different laws, protocols, and customs.

We certainly went through the ringer the first time we took our investments out of the country. It took a while to get our heads around ideas like land trusts.

The key to successfully educating yourself? Don’t get overwhelmed.

Instead of focusing on the HOW, figure out WHAT you want and WHY.

No one else can tell you what you want or why you want it … but once you know your goals, you can find someone who can help you out with the how.

Your scenario, your goals … they won’t be unique. And that’s a good thing! Because it means the issues you’re facing have been faced … and conquered … before.

A paradise that pays YOU

It’s important to note that William Narod didn’t move to Ambergris Caye to retire. He moved there to invest, work, and help other people invest … but he also moved there to have fun!

We want you to think further out than the immediate future. Imagine your life in 5, 10, even 20 or 30 years.

Are you saving right now to pay for a paradise when you retire? Why not flip that idea on its head and let your paradise pay YOU … right now!

Start by figuring out what you’re looking for. What activities and lifestyle options are most important to you? Where can you see yourself thriving?

In his real estate advising business, William Narod often sees two types of investors.

The first are the retirees … folks who headed to the islands to retire, only to discover they weren’t satisfied spending their days just scuba diving.

The great part about where William is located is business opportunities abound. “You almost need to put on blinders down here because there is so much opportunity,” he said.

So folks who moved down to Belize intending solely to enjoy their retirement days lazily strolling the beach often end up getting involved in local business and real estate.

The second type is people who’ve been in Belize for 24 hours and want to buy right away. For these folks … and any new investor, William recommends taking three key things into consideration:

  1. What your objectives are (i.e. what you want your investment to do for you)
  2. How you’ll use your investment (and for how long, with what time frames)
  3. How you want your property managed

Speaking of management, finding the right management solution is key, especially if you’ll be operating mainly offsite and need to be less hands-on.

Not in Belize? What you’re missing out on

Like many Caribbean destinations, Belize is a strong market with escalating prices. For people who want to retire there in 10 years, now may be the time to make a move before prices spiral out of control.

William told us that folks come for many different reasons. He gave us a run-down of some of Belize’s strengths, which include:

  • Warm sparkling water for scuba diving, snorkeling, and swimming.
  • A location that’s very close to the United States (two hours from Miami)
  • A primarily English-speaking population
  • A large, welcoming, and very friendly American ex-pat community
  • Fantastic, affordable food
  • Potentially low cost of living
  • Excellent school systems
  • A very diverse culture with very little prejudice

Although Belizean culture can be quite different from fast-paced American lifestyles, William loved the slower-paced environment of Ambergris Caye from the beginning … enough to move his entire family there.

Today, his kids attend schools that William’s wife, a teacher, has given two thumbs up.

They play in the ocean, scuba diving, snorkeling, and fishing a few days a week. Other days they splash in the best pools on the island.

Every day is a play day … and even better, his kids get to grow up in a melting pot full of people from around the world, a place where everyone is treated as an equal.

A paradise within your reach

We chatted with William about some of the current development happening in Belize.

Despite its rising popularity, Belize hasn’t seen interest from big developers until recent years.

The new proactivity of these big brands is a strong indicator of the future of the area, William says. It indicates that interest is there … and is strong enough that bigger corporations see opportunities for growth.

Development outside the U.S. can sometimes spell disaster … irresponsible decisions that harm the local environment, for example, or cut-rate developers who can’t cut it in the States.

But in Belize, developers work with local communities to ensure responsible developments that fit with the environment.

Like William says, “There’s only so much opportunity you can turn a blind eye to.” The entrance of big names onto the scene spells out a short period where properties will be accessible to the little guys … before Belize gets too hot to handle.

If you build the right team and execute your vision strategically, your future in Belize is really bright, William says.

Belize sound like the place for you? Listen in for exclusive access to a report William Narod compiled just for our listeners.

Not sure if Belize is the place to go? Take a look anyway! The report offers great perspective about questions to ask and things to look for as a fledgling lifestyle investor.

And if all this talk of Belize has really piqued your interest, take a look at our discovery trips … educational events in a picturesque location that offer you the opportunity to check out everything Belize has to offer for yourself.

There are so many ways to be a real estate investor.

Investing shouldn’t just be about surviving … it should be finding ways to thrive!

Whether Belize appeals to you or not, we encourage you to ask yourself the questions: What do I really want real estate to do for me? What is my ultimate paradise?

Whatever your idea of paradise, we want you to think about whether it has to wait. Chances may be that paradise is within your reach … today!


More From The Real Estate Guys™…

The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training and resources to help real estate investors succeed.

The TRUTH about the June jobs report …

Last week’s U.S. jobs report has been largely reported as positive. 

Of course, real estate investors prefer their tenants actually have jobs, so we agree … any economy creating jobs is preferable to one which isn’t.

Here’s a few of the headlines and some notable excerpts …

June U.S. jobs report beats expectations – Yahoo Finance, July 7, 2017

“The economy added 222,000 jobs in June, more than expected, while …”

“… the unemployment rate rose slightly to 4.4%.”

Weird.  So it looks like the U.S. is still creating more job seekers than jobs. 

Meanwhile …   

“ … the labor force participation rate also rose slightly, to 62.8% from 62.7% in May …”

That’s pretty slight.   

So there’s more people back in the game,  but labor force participation is still among the lowest in 40 years.

Wage gains in June, however, were disappointing with average hourly earnings rising 0.2% over the prior month and 2.5% over the prior year.” 

In May, wage gains were disappointing, rising 0.2% over the prior month and just 2.5% over the prior year … revised down in Friday’s report to show gains were just 0.1% over last month and 2.4% over last year in May.”

Okay …  let’s take a breath and digest some of this …

First, these are just macro numbers … but all real estate is local.  So don’t get too happy, sad, or confused. 

Also, these numbers are seasonally adjusted (no one knows what that really means) and are frequently revised later (as you can see with the May wage gains).

So don’t get too attached to the numbers either.

Still, the numbers are important for a few reasons … 

  • They provide a general idea of the overall direction of things … probably more positive than negative.  It’s the macro sea your investments are floating in.
  • Power players like Wall Street, the Fed, the politicians, corporate CEOs, and credit issuers all think these numbers are important … and they use these numbers to make ivory-tower decisions about interest rates, lending, taxes, and expansion … which affect Main Street investors like YOU.
  • The numbers START you on the path of digging down into LOCAL challenges and opportunities … jobs, migration, taxes, etc.

For example, the Fed sees low unemployment, higher wages, increased labor force participation as a trigger to raise rates and tighten money. 

This sets off a chain reaction  

Wall Street’s extended love affair with bond speculation might be coming to an end … because when rates go UP, bond prices go DOWN.

Conversely, when bond prices go down, rates go UP.

And if you go talk to your friendly neighborhood mortgage professional, you’ll discover that mortgage rates very often pivot off ten-year bond yields.

So headlines like these mean more to real estate investors than you may realize … and sure enough …

10-year Treasury yield highest in 8 weeks as global debt selloff resumes –MarketWatch, July 6, 2017

Why a surge in bond yields could be around the corner – CNBC, July 6, 2017 

We could go on and on … but you get the idea.  

As we’ve been saying for many months, it’s probably a REALLY good idea to carefully review all your debt … and make sure you’re prepared for the potential of rising rates.

The window of opportunity to tighten things up may be closing.  And it’s usually MUCH better to be a lot early than even just a little late.

So that’s some of the macro-picture. 

Now let’s dig into the jobs report and see if there’s some intelligence we can use to identify local challenges and opportunities.

We like this chart from the Yahoo Finance article …

A few observations …

Notice the BIG gainer is Education and Health … followed by a fairly distant Leisure and Hospitaity, which is closely followed by an effective tie for third with Government and Professional and Business Services. 

The TINY contributors are (smallest to biggest) … ManufacturingTransportation and Warehousing, and Utilities.

You can see who the biggest LOSER is … and who’s in the middle.

So what useful insights can we glean from all this?

Big picture, you need to wonder about the REAL strength of an economy which is “growing” in education, healthcare, leisure, hospitality, government, and business services.

Think of it this way …

Is a business that’s hiring file clerks, bookkeepers, IT workers, human resource managers and trainers … actually “growing”?

Sure, they’re growing payroll and overhead.  But who’s bringing in outside revenue?  Who’s actually making things and filling orders?  

These are the activities which make a business profitable.

No wonder the U.S. runs a trade deficit.  The economy is largely overhead and consumption. 

So be careful about buying into a sustainable growth argument about any country, state, region or business that’s not growing by creating products and selling them.

Everything else are support services which should only grow in SUPPORT of real growth … not in place of it.

With that said, it’s obvious from the chart which sectors have the job growth, so regions strong in those areas are probably positioned to have more demand for real estate.

And while it’s smart to cautious in these markets, there’s nothing wrong with taking advantage of growth in areas heavy in support industries … especially if the region attracts money from outside.

For example, government pulls money in from it’s entire jurisdiction.  So properties near government hubs can do well, even if the real productive engine is located elsewhere.

Mining and Logging is interesting for that reason also.  Those commodities are usually sold outside the region.  So they bring money in from afar.  

Meanwhile the jobs are tethered to the geography.  It’s hard to move a forest, natural gas well, or copper mine to China or Mexico.

Also, when it comes to commodity-based real estate investing, you can not only play at the residential and industrial property level … owning the building people live, work and shop in …

… you can actually own the very land that’s producing the commodity.

Leisure and Hospitality businesses located in the right place can also produce jobs and profit locally from prosperity located elsewhere.

If a hotel or resort location has broad and unique appeal, it can pull customers and money in from around the globe.  

 It’s why we like certain parts of Belize, and Orlando.

The lesson here is to dig past the headline numbers and look for the geographic, demographic, and product niches that are out-performing … or have the potential to.

Then start watching from afar.  When you think you see an opportunity, it’s probably time to go on a field trip and build boots-on-the-ground relationships to help you find and manage that uniquely profitable property.

Until next time … good investing!  


 More From The Real Estate Guys™…

The Real Estate Guys™ radio show and podcast provides real estate investing news, education, training and resources to help real estate investors succeed.

The Paradise Guy – William Narod

The Paradise Guy – William Narod

 

Imagine relaxing on your own piece of paradise … your tropical investment property!  Explore Belize.

 

After 25 years as a real estate broker and investor, William Narod stumbled upon Belize … or, as he calls it, the “opportunity of a lifetime!”

After a few visits and some careful analysis, William and his family moved to the beautiful island of Ambergris Caye.  Now, he’s The Paradise Guy.

As an investor, developer, and agent, William represents the LARGEST inventory of condos and resort properties on the island.  He knows that buying or selling real estate in a foreign country is a big task … especially if you’re new to the market.

The Paradise Guy is the GO-TO-GUIDE for real estate investing in Belize.  He counsels clients on everything from property values to geographic areas to Belizean culture. 

It doesn’t matter if you are looking to invest in a family home, a vacation property, or a resort.  Belize may just be the paradise you’ve been dreaming of!


Explore a variety of properties in Belize!  Simply fill out the confidential form below to contact The Paradise Guy …

20 Reasons to Invest in Belize

20 Reasons to Invest in Belize

 

As a regular listener to our radio show, you already know we’re big believers in Belize. But we’re not the only ones …

 
This beautiful Central American country features tropical breezes and Caribbean beaches. Sounds pretty heavenly, right? But Belize offers more than waves and warm weather. In this report, prepared for us by real estate expert and “The Paradise Guy”, William Narod, you’ll discover why Belize is so popular with many businesses and investors.

See William’s top 20 list and discover why Belize’s best-kept secrets are getting out for savvy investors. His report highlights many of the reasons you’ll want to check Belize out for yourself. You’ll come away knowing why a piece of this paradise could fit in your real estate investing portfolio soon.
 
 

To receive your complimentary copy of The Paradise Guy’s 20 Reasons to Invest in Belize, simply fill out the form below …

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