#357: Central American Markets, Foreign Lending, and so much more! - with Michael Cobb

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 15 November 2021

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Michael Cobb is a real estate expert and international developer.

After success in the computer industry, Michael formed ECI Development in 1996. This residential resort development company builds communities in Belize, Nicaragua, Costa Rica, Panama, El Salvador, and Mexico. Tropical neighborhoods include homes, condominiums, golf courses, and hotels in beach, agricultural, and mountain locations.

Michael serves on the board of several multinational companies, charitable foundations, holds a CIPS certification, is a past International Director for NAR, and heads the International Referral Network (IRN) for Realtors. Michael and his wife, Carol, lived as expats, raising two daughters overseas, from 2002 through 2016.

Quote:

“We started a mortgage company to provide financing to North Americans.. and that business ultimately grew into a bank, but we are still largely a mortgage company.”

“Understanding that thin slicing of the marketplace is really important but also [is] understanding your goals and objectives.”

“To me, the biggest form of asset protection is diversification, and not just in terms of asset classes.”

Highlights:

02:00 - Michael tells listeners more about life with his family in Nicaragua, culture shock, and raising children outside of him and his wife’s native country.

07:24 - Michael discusses his shift from the technology industry into the real estate world and how ECI Development came to be.

12:54 - Michael tells us the reasons why his company doesn’t have many competitors.

15:23 - Michael lists some reasons why Central American real estate is so appealing.

28:50 - Michael talks about asset protection when owning real estate in Central America.

34:21 - Michael touches on ECI’s current real estate developments.

40:23 - Michael describes the process of someone touring properties.

Guest Website:

https://www.ecidevelopment.com/

Recommended Resources:

Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com
Self Directed IRA Investment Opportunity –  Click Here To Learn More About How You Can Invest With Us Through Your SDIRA
Accredited Investors  Click Here  to learn more about partnering with me and my team on Mobile Home Park deals!
Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com
Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life
0:06.6	and heard that real estate is a great way to do it.
0:09.5	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Bup has spent 14 years successfully making it happen.
0:21.7	This is the Real Estate Investing for Cash Flow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.1	Hey guys, Kevin Bup here, and I want to welcome you to another episode of the Real
0:33.6	Estate Investing for Cashflow podcast.
0:35.5	We're missions to help you build and maintain massive amounts of cash flow
0:39.2	through income producing real estate investments.
0:42.3	Now, our guest for this week's show is a real estate expert and international developer,
0:46.5	Michael Cobb.
0:47.3	Now, after success in the computer industry, Michael formed ECI development in 1996.
0:53.1	This residential resort development company builds communities in Belize, Nicaragua, Costa Rica, Panama, El Salvador, and Mexico.
1:01.6	Tropical neighborhoods include homes, condominiums, golf courses, and hotels, and beach, agricultural, and mountain locations.
1:08.7	Michael serves on the board of several multinational companies,
1:11.7	charitable foundation, holds a CIPS certification, is a past international director of NAR,
1:17.8	and heads the international referral network for realtors. Michael and his wife, Carol,
1:22.6	live as expats, raising two daughters overseas from 2002 through 2016.
1:32.4	And so, guys, without further ado, I'd like to welcome my guest for today's show, Michael Cobb.
1:33.3	Michael, how are you doing today?
1:34.3	Good, Kevin.
	...

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