048: Will Mitchell

Earlier this year, I heard about this guy named Will Mitchell, who is one of the major players in the Belize real estate market.

Now – why Belize, of all places? Why are we talking about this?

Well… I’ve always been curious about what’s involved with investing in real estate outside of the U.S. Not just about Belize per se, but I think Belize is an interesting illustration of how differently things work in other parts of the world (in some ways that make the business easier for real estate investors, and in some ways that make it harder).

For example…

  • Belize (and many countries) doesn’t have an MLS system. Most deals happen by word of mouth.
  • Getting conventional bank financing is NOT something that happens in the regular course of business in Belize. Most deals will only happen if the buyer can pay all cash, if the seller will finance it, or if some intermediary (other than a bank) is willing to finance the transaction.
  • Direct mail marketing (which is a major source of our deals in the U.S.) is also not a thing in Belize. There isn't nearly the same kind of public access to property ownership data, which makes this approach pretty unfeasible in almost every scenario.

Not to mention – there are a lot of other things to think about when you start working under a different government, with different tax laws, different values, different languages and more.

The United States is just a small sliver of all the real estate in the world and through this interview, I hope we can all become more aware of the opportunities that exist outside of our country.

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About the author

Seth Williams is the Founder of REtipster.com - an online community that offers real-world guidance for real estate investors.

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