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Updated over 4 years ago,

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Henry Clark
Pro Member
#2 Commercial Real Estate Investing Contributor
  • Developer
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Self Storage- Why do it? yum yum

Henry Clark
Pro Member
#2 Commercial Real Estate Investing Contributor
  • Developer
Posted

Thought I would share an example of why we like self storage.

 Our caretaker in Belize showed us our first Mango of the season below.  Still a little green, but sweet.  Airport doesn't open until August 15th.  Hopefully we can get down there.  Apple Bananas, Plantains, Coconuts, papaya, Starfruit, dragon fruit, limes/oranges/grapefruit, Avocados, Cacao (you can eat the pod itself, versus just the chocolate), Soursop, Custard Apple and others planted last year, starting to take off with the rainy season.  Have an order in for 200 pineapple plants.  Planting Bougainvillea (red, purple, orange) along the drive.  Cassava, yams and taro root along the sides.  Have 10,000 Teak trees coming mid August, so neighbors will help plant them.  Have to settle in first and then decide to build a fishing pond.  Howler monkeys in the trees (below), hopefully they and the parrots will come check the fruit out.  We are at the edge of the jungle, so we will have to watch out for the Jaguar that visited one night.  Actually got to see a Toucan flying through the trees.

Do google earth.  Look for Spanish Lookout.  Look at the intersection of the Western highway and the road into Spanish lookout.  We are on the Northeast corner.  Have the Belize river on the front border and Iguana Creek on the East border.  If you zoom in, you can see the white looking beach on the island.

Official language English; Currency pegged at $2BZD - $1 USD, no currency fluctuations; English common law on property ownership, even for Foreign investors; 2 hour flight from Houston.  Property tax 50 acres = $200BZD.  Even houses say, $300,000 = property tax $500BZD.  No inheritance taxes. Little income tax, no capital gain tax on property.   

Not everything is sunshine.  Belize is ranked in the top 10 deadliest countries in the world (drug related in south part of Belize City).  40 poisonous snakes, 4 of them can kill you in 15 minutes (only about 5 people out of 330,000 die per year from snake bite).   Their beaches aren't really white sand beaches like in the pictures (photo shopped).

So when your zoning is difficult, finding a spot is hard or financing is tricky; keep pushing for your dream.

Fogot this was a Storage Forum.  Only about 40 storage units in the whole country.  A lot of expats, so I will need to check on building storage.  Probably will go with Cargo Containers.

  • Henry Clark
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