122: Resort Investing All-Done-For-You with Dave Zook
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 10 February 2017
⏱️ 46 minutes
🔗️ Recording | iTunes | RSS
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Summary
#122: How do you invest in resort property? Why would you want to?
Ambergris Caye is Belize’s largest island. It has been named Trip Advisor’s #1 Island In The World two years in a row. Learn why.
Ambergris Caye, Belize has world-class water sports, the longest living reef in the world, stable banking, is close to the U.S., English is the official language, and housing demand there far outstrips supply. Â
Belize has business-friendly government officials and strong property ownership rights.
A new construction resort development project on Ambergris Caye promises to help ease the supply constraint. There is an investment opportunity for you here.
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Listen to this week’s show and learn:
02:00 Â Serving resort-goers often means serving Baby Boomers.
04:25  What’s riskier: investing outside your home nation, or having everything tied up in one nation’s economy and currency?
06:36 Â Belize is closer to more Americans than Hawaii. Airlines are adding passenger seats to Belize at an astonishing clip.
07:58 Â Why resort investing? Why Belize?
11:30  Belize is Central America’s only nation where English is the official language.
15:14  Ambergris Caye’s transition from a sleepy fishing village to world-renowned destination.
17:15 Â The large barrier reef is just hundreds of yards off the island. This attracts sportfishing, snorkeling, and diving. It also acts as a natural hurricane buffer.
21:37 Â Mahogany Bay Village on Ambergris Caye.
24:00 Â Belizean wood products and Belizean labor are utilized to construct the project.
24:38  What’s the opportunity for the investor?
26:58  Lack of financing is a problem. It’s also an opportunity.
30:08 Â For an investor, this investment is passive. Professional management is in place. Low property tax, low rental income tax.
31:16 Â Imagine owning income property that you can enjoy visiting and using.
33:10 Â Investors can expect double-digit returns. Hotel management fees are low due to economies of scale.
34:22 Â This resort is so well thought-out that Hilton recently came in and branded it. Hilton's due diligence has validated the development. Their marketing power promises to be transformational.
36:13 Â Your opportunity to visit Ambergris Caye, Belize for a real estate field trip.
40:17 Â REVPAR means revenue per available room.
42:11 Â Locally-sourced development upholds the culture.
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Resources Mentioned:
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Transcript
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| 0:00.0 | Get Rich Education is brought to you by Norrata Real Estate, the real asset investor, and Mid-South homebuyers. |
| 0:11.4 | Welcome to Get Rich Education with Keith Weinhold, giving you information and ideas on the investment that has turned more ordinary people into millionaires and billionaires than anything else and can provide you with more wealth and happiness than you ever thought possible. |
| 0:29.8 | Now, here's your host, investor, entrepreneur, business owner and educator Keith Weinhold. |
| 0:40.8 | Hey, welcome to GRE. This is Get Rich Education episode 122. Hi, I'm Keith Weinhold. Back to help |
| 0:47.5 | you build your wealth. And we're doing it with passive buy and hold real estate investing |
| 0:52.7 | today as usual, but with an unusual twist, |
| 0:56.1 | and that is how and why you might want to invest in a resort and how to invest in a resort |
| 1:01.8 | in an all-done-for-you way with the world-class team that I know personally. |
| 1:07.8 | That is today's show, and I'm here in Anchorage, Alaska today. Next week, I will |
| 1:12.5 | be doing kind of Get Rit Education, the Puerto Rican edition. That's when I'll be in sunny San Juan |
| 1:18.4 | Puerto Rico, and I expect to do a show from there about how you can best be positioned as an |
| 1:23.6 | investor when a real estate market goes down in value. |
| 1:31.0 | Now, that's something that a lot of people aren't thinking about now when most metro markets have been sunny side up for years now, but I want you to be prepared. |
| 1:37.0 | And while I'm there in Puerto Rico, I expect to meet up with economist Harry Dent, |
| 1:41.0 | but I'm primarily going to be there for leisure. |
| 1:44.1 | I'll be in the Eastern Caribbean for two weeks. |
| 1:46.7 | Today, let's talk about investing in another warm, sunny place. |
| 1:52.3 | Now, we've had shows about turnkey real estate investing in the United States, and it's |
| 1:56.5 | usually single-family homes that we're discussing there. Oftentimes there, you're serving a |
| 2:01.6 | millennial demographic, whom is now the largest generation in America. Well, with resort investing, |
| 2:07.8 | you're often serving baby boomers, whom are the second largest generation in America, |
| 2:13.0 | and often the most moneyed, if you will. So it gives you an opportunity to diversify by serving a |
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