Prevent yourself from entering into any transactions that is considered “self dealing”. It is a term used to describe any circumstances wherein an individual who is connected to the company makes use of his power to gain personal benefit from the investment.
An FBI informant who was one of Castro’s friends put Castro in touch with “collectors” who said they could get him his money back but they would have to get rough with the deadbeat. The fact that they brought it up and Castro never went to them to ask they engage in violence went a long way with the jury.
Join Your area REIA – By joining a real estate invesment Association you are now in with the people doing business. The best place to meet other investors and real estate agents and lenders who work with investors. These are the people you want to know you as a professional full time investor. Leads of homes for sale and services to investors are all right there.
The Burger king guy shows up with no helpers, but with two huge bags of sausage biscuits–we had to fend for ourselves to get coffee. He came by himself, because he had no assistants or site selectors working for him. He covered his seven states all by himself. He selected every site, wrote every contract, and did all the research himself. He had no big research facility and he didn’t pay much attention to demographics. Although his talk took about 45 minutes, it boiled down to this, “I go in to Greenville, South Carolina, and look around for Mcdonalds. Then, I’d buy whatever is closest to them.” That was 15 years ago, but that is still their strategy today. They go and look for McDonald’s.
If you believe all that you hear on the news, our trusted government and U.S. business interests would like to have you believe that if you step one foot out of the U.S. with your retirement savings, you will surly land directly on a land mine. The truth of the matter is that the vast majority of the people of Belize and all Latin American counties for that matter are peaceful good natured people.
You can find bargains in hotels, single family homes, duplexes, multi-family residential units, commercial property, and vacation or resort properties. One of more of these may appeal to you more than the others.
Look for an association that meets at least monthly if not more. This gives you a time to attend, meet people, have people meet you, ask questions, learn, network. If you have a choice this is the ideal situation. Now if the group only meets online or virtually, you might try to work with this group and see if you can’t find a way to get the people at the virtual meeting to attend a live networking events in town – be sure to work with the leader of the virtual group.
First you have to find a property with the potential to be success for your business. When you have found the right property at a studied and well calculated price that seems reasonable to you, you will have to sign a contract. Depending on the deal the contract should be fairly easy and your realtor should guide you through the process. In some cases they would require you to put up an earnest money deposit but this also is negotiable! Keep in mind that the least amount of money that you put in the property the more your return on investment is!