@Joe S.. This must be a loaded post.
Things always look greener on the other side of the fence.
Belize:
We invest in Belize. I don’t want any of you to come invest there. So I’m not selling Belize.
Belize is wonderful.
You can buy land for $500 per acre (1 hour out in the jungle),
you can get financing in country (50% down and 12% interest),
off market deals are everywhere (everyone in Belize is a realtor, no license is needed and truly everyone is a realtor),
Last I counted there are five ways to own property in Belize. (Can you imagine five ways to figure out if you own the property?).
property taxes are close to zero ($1mm house might cost $160 USD, but insurance is triple),
Best of all, are you ready???? There is no tax on the sale of property. No taxes. (You have to get permission to move large amounts of money out of the country. Also the US requires you to pay income taxes even for overseas profits.).
Top 10 murder rates by country in the world. All depends on the 10 blocks you’re standing in Belize. I’ve never stood in those 10 blocks. Also never been in Gary, Indiana.
Glad I’m a male. It’s all about male machismo.
So why are we investing there? My family background says go see the world. At thirteen I chose Brazil, India, Australia, South Africa or Belize as countries I would like to live in. Romantic!
Now this is an REI forum. We do Self storage, country subdivisions, and contractor buildings. Even though Belize is a Romantic move for us, I can't turn my business brain off. Our Belize investments we have already made will be 10, no 30 times greater than any investment we have made to date.
Italy:
Gotta love Italy. Made 4 trips there. Be there again in two weeks and over thanksgiving. My brother and his wife are moving there in a week for 3 or 4 years. My son is stationed in Sicily with the Navy. Have not researched fully.
What we love about Sicily is the pasta, First world amenities, having both a yellow and red Maserati blow past me on a curve doing 100, great cannoli and Arancina.
But this is an REI forum.
There are 1,000’s of properties that have been on the markets for years.
Depending on the city, the city and the banks work together to establish the interest rates. Today. Yes Today in certain towns you can get 2%, 3%,4% interest rates. Ever heard of a town called Pisa?
STR you can make enough in 3 months to pay your annual PI.
You go home to the US and come back 3 months later and there are some squatters from ???? Country in your house. Might take you months to legally get them out.
You remember Covid. Italy was one of the worst countries hit. Everyone thought it was because they have a lot of old people. If you go into a hospital at 8pm you sit in a square room about 30 x 30. There are small chairs next to each other. About 50 people sitting side by side. Just patients. Relatives have to sit outside. The cost was cheap though.
Can you make money in Sicily? No clue. Haven't run the numbers or analyzed in depth. Won't be buying a house there or making an REI investment for profit sake.
@Joe S.
Looks like you’re in San Antonio. You don’t have to invest in Belize or Sicily to invest in a different nation. Just invest in the Republic of Texas.
My brother moved out of Texas so here are some deals.
New Braunsfel there is 12 acres you can make $3mm profit in 2 years. Or make $500k in 3 months.
San Antonio there is 4 acres near the abandoned airport you can make $2 mm profit in 2 years. Sell the old metal airplane engine crates for scrap metal.
25 miles east of Dallas off 175 there are two acres you can make $100,000 in 6 months. Or $300,000 in 2 years.
What did Maverick say? Your in a target rich environment.
Start small and Make Your Big Mistakes Early.
Belize is also great because our Teak Plantation mangers wife is a great cake maker.
