Investing Strategies in Tropical Destinations (Nicaragua)
I'm currently traveling in San Juan Del Sur, Nicaragua and I have came across some nice plots of raw land. At this stage I am looking at plots that are between 0.5-1.5 acres and I am wondering what investment strategies would be available to me:
Flip Raw Land: wait and hope that the land appreciates and sell it for profit at some point in the future.
Build and Rent: build a unit or two on the land and rent it out via AirBnB or other vacation rental sites. This would be my preferred method.
Build and Flip: build a unit or two on the land and sell it
I would love to discuss:
- Experiences people have had with any of these methods abroad (Central America)
- Additional strategies people have used to turn cheap raw land into a solid real estate investment abroad (Central America)