BUILD YOUR LATIN AMERICAN DREAMHOUSE IN THE BEST OF NEIGHBORHOODS FOR $25 TO $50 A SQUARE FOOT:

Long time listeners know it’s my firm belief that there’s a huge real estate bubble in most all of Latin America. Anyone who’s had substantial boots on the ground will confirm that. So don’t be a clueless gringo and buy at the top!! However, if you can find a nice piece of land at the right price, you can build the house of your dreams for $25 to $50 a square foot, complete. Today we have a strategy and some tips to help you find the perfect neighborhood…

IT’S DEFINITELY A RENTER’S MARKET: WITH THE REAL ESTATE BUBBLE CRACKING AS WE SPEAK: That said, when “off the tourist trail” you’ll simply be amazed at what you can rent for a mere $300 to $700 a month. Today we have some real life examples…

DON’T GET SUCKED IN BY FRIENDLY GRINGOS AND THEIR SO-CALLED “GROUND FLOOR” REAL ESTATE DEALS: So when “on the gringo tourist trail” beware of slick gringo real estate agents/salesmen trying to get you into the bubble. Yes, they’re experts at sizing up clueless gringos and spotting suckers. They’ll take advantage of your crappy Spanish, short time down, and obvious lack of boots on the ground… as well as the brain-fogging Zoloft effect the soothing tropical climate has on fresh, green gringos (especially true if a gringo’s 1st world life consists of 6 months of snow and cold).

Note: when “off the tourist trail” there will be no such Gringo real estate guys pressing you, but there’s still a huge bubble, so don’t get sucked in by clueless local Latin agents either…

NOPE, THERE ARE NO CHEAP “GROUND FLOOR” REAL ESTATE DEALS LEFT IN LATIN AMERICA: certainly not “on the tourist trail” in places like Panama, CR, Mexico, Belize, and now Nicaragua, Ecuador, Colombia and Uruguay. And here’s why…

MIGHT YOUR SECRET DREAM BE A BEACH HOUSE RIGHT ON THE OCEAN? Well guess what? When the bubble cracks, beach houses are often the first properties desperate sellers put on the market. How does a 3 bedroom beach house, with pool, right on the ocean for $100k or less sound to you? Right now, desperate sellers are starting to come out of the woodwork and today we have examples of some fabulous deals that have hit the market. For this you’ll need boots on the ground. You won’t find this stuff on the internet… not in English anyway.