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Originally Posted by Greg B
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.
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Couple of things Greg... agree with you on Honduras and several other Latin American countries as regards social unrest. Panama is not such a country - and same with Costa Rica.
To be honest, tho Belize is OK, but has too many problems re real estate - and the opportunities are more limited.
Panama along with Costa Rica is probably in top of the list for the world as regards real estate - in fact, Biz Weekly rated CR in the top three countries. There is simply no comparison with most other nations.
johnafacade is pretty much 100% on target about Panama and rest assured, he will be doing a nice deal with 5% of investment profits for a two year period
Bluntly.. I've earned on one project alone.. $6.4 mill - and this year on just capital gain alone, going to be.. around another $3.2 mill. (And not one bank, finance house or credit facility on the horizon.) Also got a load of very happy investors on other stuff who have earned, up to Jan this year, - a seven-fold increase in their investment over 30 months - and a very nice profit for this year to come - which they have not been told about yet
There is a serious ... kinda blindfold in place when trying to compare foreign real estate investment (tho depends on the country) to "conventional rat-race" real estate. They could not be further part.