Recently, we discussed what it means to invest passively in real estate and the benefits of passively investing. If you missed those newsletters, you could view them on our blog page. The ones to review are How to Invest in Private Placements for Busy Professionals and What is Real Estate Syndication and Passive Investing? A more in-depth discussion on this topic is one we recorded with our lawyer, CPA, and a trustee who showed us how to use self-directed IRAs to invest passively. We would love for you to watch that 1-hour webinar here. Since we started talking more about…
1stchoicebelize
I am reading a book called Free to Focus by Michael Hyatt, and it talks about the importance of unplugging. Last week for the first time in a year, I took the boat out and went fishing. It’s sad how I live in such a beautiful place, and I don’t do more diving and fishing. That will change as I will start to record videos of my life in Belize more often, so you can see what life is like here. I do love to take my lunch break at my favorite places and enjoy the quietness of the sea…
Banking in Belize is a very different experience than what we’re used to in the United States. In the U.S., I can go into a bank and come out with a bank account in less than an hour. It’s not like that in Belize. If you want to invest in Belize or buy property, you’ll want a bank account, and here’s why… Let’s talk about banking in Belize. Since 1976, Belize has maintained a fixed exchange rate of BZ $2.00 to the U.S. $1.00. The Central Bank of Belize regulates the banking, and it does not provide financials online. However,…
You may have read or heard me speak about the reasons buying property in Belize is a good choice compared to other countries. One of those reasons is for PRIVACY PROTECTION. Certain countries are litigious. Certain professions are more litigious than others, which has people considering buying property worldwide using ENTITIES. There are tax benefits for owning property in an entity. A lawyer or a tax advisor would guide you in understanding the benefits and how it would impact your situation. If you would like a recommendation for a lawyer or tax advisor, contact us, and we’ll send you who…
The Philip Goldson International Airport is opening October 1, 2020 and as you could guess, flights are fully booked. Many have called us recently and ask if they can come and look at properties. My opinion is that it would be best to wait until the Government of Belize and the Belize Tourism Board have worked out some of the unforeseen kinks. Here’s what we do know about visiting Belize according to the entry requirements at this time. Those with “Business interests will include those visiting to inspect or close on a purchase of property – meaning, those that can show a Purchase agreement, and…