Properties As Investment Property in Belize
The idea of investing in historic properties as investment property in Belize sounds exotic, romantic and exciting. However, it can also be very intimidating for many investors who are not sure how to proceed and how the process works. That’s why we invited Mike Cobb, a local real estate expert and founder of Belize Land Registry, to join us for an exclusive live interview for our popular Creating Wealth show. During this episode of the podcast, Jason Hartman interviewed Mike on-the-ground in Belize to get his insider tips on how to invest in Belize property and avoid getting ripped off.
The country’s strategic location and natural beauty make it a magnet for tourists and expats, which creates demand in the real estate market. Plus, the country’s stable economy — primarily based on tourism and agriculture — has proven to be a strong foundation for real estate investments.
Foreign investors can Investment Property Belize with ease as the government has made it more appealing to international investors by reducing restrictions and eliminating capital gains tax for non-residents. Additionally, the Belize dollar is pegged to the US dollar at a 2:1 ratio, which helps minimize domestic currency fluctuations and offers financial stability for property owners. And, English is the official language of Belize, which simplifies real estate transactions and communication for English-speaking investors.
Can I Invest in Historic Properties As Investment Property in Belize?
In addition, Belize is a safe and peaceful nation with a well-developed infrastructure that offers many of the same legal and business practices of North America. The country has a strong legal system and upholds British common law, which is a familiar concept to most American investors.
For all of these reasons and more, investing in Belize property is a smart move. And, if you do your due diligence correctly, it can be one of the most lucrative and financially secure investments you ever make.
When choosing a Belize investment property, you should always look at all of the pros and cons of each property. This will help you narrow down your options and choose the best fit for your needs. Ultimately, the right investment property will meet your goals for cash flow, capital growth and/or yield (cash return on your initial investment).
As you do your research, pay attention to the types of buildings, structures and zoning requirements that apply to each property. Then, consider the location and demographics of the area to determine if it will be a good match for your investment strategy.
For example, some areas attract more tourist traffic than others, which can boost the rate of property appreciation. So, if you’re interested in investing in Belize for appreciation, choose locations with high volumes of tourists and repeat visitors. And, if you’re looking to earn income through rental properties, look for high-demand vacation rentals in popular destinations like Ambergris Caye or San Pedro. The key is to do your homework and find a qualified, experienced agent who can guide you through the process and protect your interests.
