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Updated almost 3 years ago, 01/09/2022

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Henry Clark
Pro Member
#1 Commercial Real Estate Investing Contributor
  • Developer
3,477
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3,522
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Self Storage Rewards- Belize adventure

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

Couldn't find a place to put this post, so I thought I would stick with Commercial since we do Self Storage and this is one of the benefits of being in Self Storage.

Will take you through our Belize adventure ( its an investment, but not really) over the last 2 years and get you up to date.  Will do in segments, so I might get somethings out of date sequence.  This will be the good, bad and ugly.  If you have a question, ask, but the answer will probably be just because.

Why Belize?

I have had a thought of a foreign home/investment/place to go for about 20 years.  South Korea, Australia, Maui, Brazil, Belize, 

We like Belize because:

- Official language English

- currency is pegged at $2BZD to $1USD

- Property ownership laws are English based since they were ruled by England.  Very similar to the US.

- Living Price- far lower than the Caribbean, but higher than most Central America.

- Crime- Top 10 deadliest countries in the US.  Mainly Belize City drug wars.  Other than that, being a poor country, theft is a normal occurrence.

- Land price- we did look at the Beach, but we went inland to the San Ignacio/Santa Elena/Spanish Lookout area.  Price is all over the board depending on size, close to town, roads, electric, water, sewer, type of ground, size of property, Local or Expat, etc.  All land, housing and rental prices are almost always in US dollars.  The same piece of property could be $500/acre; $1,000; $1,500; $3,000; $10,000 depending on the variables I mentioned.  This is for farm ground and not a house lot.

-Victim- if you are a victim, act like a victim, set yourself up as a victim, you will be a victim in Belize.  No matter whether it is petty theft, your groceries out of the back of your vehicle or buying a beautiful condo overlooking a white sandy beach on the ocean.  Note, Belize does not have White Sandy beaches.

- Flight time- 2 to 2:30 hours from Houston or Dallas for your connection.

- Variety- Inland farming and fishing, snorkeling, golf carts on the Beach fronts, deep sea fishing, Mayan ruins, local people.

- Weather is a perfect offset to Iowa Winters.  Belize dry season is January thru May.

- Bugs/Snakes-   I'm originally from Louisiana; and Belize has far less bugs, Mosquitoes, and snakes than I ever grew up with in a Creek bottom in the middle of a National Forest.

- I love nature and trees.  Gives me a chance to learn a whole new area of the world.

If I don't reply to you, its because I'm telling an adventure and trying to keep it in sequence.  I'll cover all of the Real Estate angles as I go through the path we took.

  • Henry Clark
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