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).
- 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.
Links and Resources
- Will’s YouTube Channel
- The Investor’s Guide to Belize Real Estate by Will Mitchell
- I Just Bought A Coffee Farm in Panama
- House Hacking: The Official Guide On How to Live (Almost) Mortgage Free
- Million Dollar Postcard Templates That Work
Thanks for Listening!
Share your thoughts:
- Leave a note in the comments section below.
- Share this episode on Twitter, Facebook or LinkedIn (social sharing buttons below!)
Help out the show:
- Leave an honest review on Apple Podcasts Your ratings and reviews really help (and I read each one).
- Subscribe on Apple Podcasts
- Subscribe on Spotify
- Subscribe on Stitcher
Thanks again for joining me this week. Until next time!
The Best Real Estate Investing Strategy I’ve Found
Land investing (that's right, buying and selling vacant land) is a massive opportunity that most investors aren't paying attention to. For the few land investors who know how to pursue this business with the right acquisition strategy, it's an extremely lucrative and low-risk way to build serious wealth from real estate.
If you want to get the inside scoop on how to start and run your own land investing business, come and check out the REtipster Club – where I've put together a full 12-module course with dozens of videos, bonuses, downloads, group coaching sessions and a members-only forum (where we spend time answering questions every week). There is no better place to learn this business from the inside out!