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8 years ago

Buying property in Belize. have questions..

8 years ago
Not sure if this is anyone in this forum can help me answer any of these questions, but I thought I may as well give it a shot.

I have recently fell in love with the idea of buying raw land in Central America and developing it into vacation rental houses.

Here is a little bit of info about me so you can get a better Idea of what i'm dealing with.

I am 24 years old and fortunate enough to have a high paying job in the oil fields. Although the pay is more than twice as much as what I could earn anywhere else, the quality of life is not very good.
My dream has always been to invest in real estate and develop properties into vacation rentals. Although I plan on staying with my current job until 2018, I have a good amount of money in the bank and have been approved for a sizable loan and I think now is the time to start looking at potential properties.

Questions -

1.) I am looking for a piece of undeveloped land that is with reasonable distance of a bustling tourist destination (restaurants, shops, activities). Also in an area with with quality property management firms. Where should I be looking? (Ambergris Caye/San Pedro? Corozal District?)

2.)
A - Are there any agents or agencies I should stay away from? What agents/agencies would you recommend?
B - I have been exclusively looking at properties online, are then any websites I should completely disregard?
C - What websites should I be looking at?
D - How do I find out about properties that aren’t listed online? (those have to exist right?)
E - What other resources should I be using?

3.) How easy is it to find a home builder? I have been working on houses on and off since I was 16, but am unfamiliar with new home construction. Also, I have no idea on what is code and such.


This is just a few of my many questions, but its a start. Thanks to anyone can help answer these questions!

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