Articles Related to Property in belize

The rentals market in Cayo is thin. You can shop for weeks or longer and not find a place to rent that'd qualify as comfortable by North American standards. All the would-be retirees interested in trying Cayo on for size are competing for a relative handful of suitable rental properties. The demand for quality rentals is heating up.

At this week's Global Asset Protection and Wealth Summit in Belize City, developer Phil Hahn, with more than a decade of experience building in this country, presented a new investment offer that addresses this growing need. Phil has launched a phase of his riverside Carmelita Gardens community where he is building a cluster of turn-key rental units to be known as "The River Club."

Carmelita Gardens is a planned sustainable development where every house will be self-sufficient through the use of alternative energy and rainwater catchment systems. This is the first master-planned off-grid development in Belize, and it's not just the off-grid element that makes the community sustainable. Carmelita Gardens has been planned to include communal gardens and orchards so that every homeowner can grow his own food if he'd like. You could farm and garden all day every day if you wanted and live completely off the land...or you could be a "weekend gardener," growing some fresh vegetables to complement your weekly visit to the grocery store. It's up to you.

Having a mile of river frontage gives residents at Carmelita Gardens access to water activities, as well as a nice breeze to help cool things off on hot days. Now, along the river, on one of the river village lots, Phil has decided to build a group of 15 cottages intended specifically to serve as rentals.

These one-bedroom, one-bath River Club homes will help meet the need for rentals both in Carmelita Gardens and the greater Cayo region. Many owners at Carmelita Gardens are starting construction of their houses and need places to stay when they visit to check on progress. Some would prefer to live on the property full time while their houses are under construction. Right now, only one of the handful of finished houses at Carmelita is available for rent, and it's full much of the time.

Elsewhere, options for accommodation are mostly US$250-a-night jungle resorts and lower-end hotels and hostels. The new eco-rentals at Carmelita Gardens will fill the gap and offer an upscale, comfortable place to stay for a reasonable cost.

In theory, you could live in one of these 512-square-foot River Club cottages; however, they have been designed as rentals and with the investor in mind. They will be built using the same sustainable technology as all other structures at Carmelita Gardens, including solar electricity, treated catchment water systems, and eco-friendly septic. Each unit will come fully furnished and with appliances installed, ready to rent.

Of the 15 units available at River Club, 7 have been reserved. The remaining units start at US$76,500. Property management will be in place, and projections are for cash flow to begin within 18 months.

Based on current and expected demand and assuming a reasonable nightly rate, the projected annual yield from these units is 10%. Plus, owning one of these River Club units would give you a ready place to spend time in one of the world's most appealing get-away-from-it-all destinations.

If that's something that appeals to you...and you're in the market for a good rental investment opportunity...I'd recommend following up on this quickly. As I said, inventory is limited.

For more information on Carmelita Gardens and The River Club, you can get in touch here.

Kathleen Peddicord

P.S. We've been recording every presentation of this week's Global Asset Protection and Wealth Summit, including Phil's on his new River Club investment opportunity. Even if you couldn't join the group in Belize, you don't have to miss out on all the intelligence, recommendations, advice, and strategies being shared.

These audio recordings will be edited and bundled to create our first-everWealth Building and Diversification Kit available pre-release for 50% off the regular price through Sunday, Nov. 2 only. Details are here

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Another neighbor has begun construction of his guesthouse on his 5-acre parcel. This will be followed by gardens and then, later, the main house.

Lief and I also plan to build a guesthouse and a farmhouse on our plot at Maya Spring. First, though, we're interested in getting some trees growing. The Maya Spring community barbecue last night was a chance for us to formulate a plan with resident horticulturist Con (the one with the flat tire).

We have 9 acres to work with. About 1.5 acres will be given over to the farmhouse, guesthouse, and kitchen gardens. The remainder of the land we want to treat as a mini-plantation. Our idea is to plant timber intercropped with specialty plants prized by florists. Lief and Con considered different Belizean hardwoods—mahogany, cabbage wood, cedar, rosewood—and Con suggested two varieties of palms whose fronds are in great demand and saleable for relatively large sums even locally in Belize.

"Let's start by planting 100 neem trees along the far perimeter," Lief suggested. "That'll create a wall for privacy and also help control pests."

"No problem," Con replied.

"Can you get 100 neem trees?" I asked.

"No, I don't think so," Con admitted. "People here, they grow a few trees and sell them. You don't find anyone with large stocks of inventory. But I can work with a grower to produce 100 neem trees and everything else you guys want."

"What about the harvests?" I continued. "We want to keep this experiment as simple and low-key as possible. We're working with a small piece of land. We won't be growing enough to make exporting the harvests worthwhile. Would we be able to sell the timber we're thinking of producing in Belize?"

"Definitely," Con said. "The timber and also the palms. I've been working with a hotel out on Ambergris, for example, that wants hundreds of the specialty palm fronds I'm suggesting you plant per month, but they can't source them."

Lief and I know next-to-nothing about farming. But we have an interest, based mostly on a natural curiosity and an affinity for growing things. We're not doom-and-gloomers, but we do also like the idea of learning how to be more self-sufficient. Our 9 acres at Maya Spring Estates is our first focused effort at this. We feel lucky to have connected with Con, the friend of a friend, who shares our passion for planting and backs it up with experience, know-how, and local connections.

"Make it so!" Lief proclaimed to Con with uncharacteristic enthusiasm after we three had agreed a plan. Maybe he'd had one too many One Barrel rums.

The Cayo sky was fully dark by now. Above us a bright moon and a blanket of stars...in the distance, beyond the hills, the lights of nearby San Ignacio.

"Time to head out," I said to Lief and Jack.

"Couldn't I stay here?" Jack asked. "I could sleep in one of these hammocks. Just cover me with bug spray and come back for me in the morning..."

Kathleen Peddicord

P.S. Whether you're after a place by the beach...or in the interior Cayo region (with its Mayan ruins, caves, rivers, waterfalls, and rain forest)...
safe, welcoming, English-speaking Belize offers many appealing options.

Which is why, I guess, our annual Live and Invest in Belize conferences sell out every year.

We are just about ready to open registration for our 2015 Belize event, and because we'd like to be able to accommodate as many interested readers as possible, this time we're trying something new. We're planning not one event, but two, back to back.

We have doubled our capacity. Still, based on experience, we expect these two conferences, taking place January 2015 in Belize City, to sell out.

If you're interested in joining us for these once-a-year Belize occasions, watch this space. We'll be alerting you within the next 24 hours that registration has opened. Again, we've got twice the number of seats available this time, but we'll still have to fill them first-come, first-served!

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Kathleen Peddicord

Kathleen Peddicord is the founder of the Live and Invest Overseas publishing group. With more than 25 years experience covering this beat, Kathleen reports daily on current opportunities for living, retiring, and investing overseas in her free e-letter.

Her book, How To Retire Overseas—Everything You Need To Know To Live Well Abroad For Less, was recently released by Penguin Books.

Read more here.

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