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Originally Posted by Kimmykim
Look into buying some land in Costa Rica, Nicaragua, St Kitts, Belize even. the appreciation value in underdeveloped countries is about what it has been in major growth areas of the US/Can over the last few years. The investment amount is pennies on the dollar to buying in North America and if you string enough property together on a single waterfront over time, you're pretty well guaranteed that you'd have the option of either selling it for a handsome profit to a developer or potentially developing it yourself, either into condos/houses or some sort of a resort, especially if you're seriously looking at a ten year plan.
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Lots of potential still down south...moving to Costa Rica for the new year... sitting on 10acres over 3 plots now.... all oceanfront or 300-500m away at worse.
Plan is to build high end boutique villas.... Lenny Kravitz just rented my house for new years *shhh to share with Kate Moss* and enjoy the landscape while still working and playing the real estate market there a little bit. Costa Rica for one *depending on the area* is BOOMING, Sting, Olsen Twins, Harrison Ford are within 1km of my house now, Land is sold 10times over in the past 2 yrs that I have known about this particular place.
Was the first place I found to build my house... $160k USD but I needed the full funds in 24hrs...just didn't have it RIGHT THERE with me... so I skipped on it said fuck it... I can buy it later. Its sold in January of this year *approx 8 months after I almost bought it* for 2.2million USD So there are gems of locations all over the world.... I am sure Costa Rica is already fully into the upward swing. My house sits on a $90k plot that I bought in January of this year, my partner bought the neighbor for $155k in February, and I just had an offer of $680k USD for my house *land $90k + house $110k* that would be $480k USD profit in 6 months basically..... $200k liquid down on the spot.
Everywhere is booming..but it just can't last.. I mean sure some people are making more money but its not an even spread across the classes. I am sure the offshore high end market will stick around another few years until its hits it roof as well. But it will all have to level out in the end I just decided to play my cards in the jungle where harrison ford suddenly becomes your neighbor then in the hustle bustle city where a bachelor condo is $250k for 355sqft