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Originally Posted by johnafacade
I really don't feel like typing my whole theory here. If you're that intrigued, IM me and I'll expound on it for you.
My Dad is a VP for one of the largest real estate companies in the US and was a VP for the company that owns ERA, Century 21, Sothebys, Coldwell Banker and the two largest mortage companies in the US. We've spent a lot of time working through the possibilities together and it's all come down to one reality.
The President of the company that owns all those brands lives in a rented house. He makes $6 mil a year and lives in a rented house.
If you want to make $$$ in real estate, come on down to Panama and get out your checkbook. I'll intro you to the right people and get you in on the best stuff, for 5% of your first two years profits. This is the fastest growing real estate market on the planet.
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Listen to him.
Only reservation I have regarding Panama, Belize, Honduras are the social unrests that can happen if shit hit the fan up here. Disasters aren't that much of a concern. Yes there's that occasional Central American earthquake, Volcano, hurricane but the damage is usually if not only to badly constructed housing and flooding and mudslides to areas where deforrestation has taken place. Other than that the Central American places are a huge attraction to expatriates and vacation homeowners.