Andrew Carnegie said 90% of all millionaires become so through real estate. Investing in real estate is a great way to diversify your portfolio and achieve high returns when you invest properly. Like all investments, real estate comes with its own risks and we will discuss real estate investing principles that will help you navigate those risks for both domestic and international real estate investments. Last, we will demonstrate how we apply those principles to an actual lifestyle hotel development we have in the Caribbean.
Among the items on the foreign real estate due diligence checklist:
- Working with experienced investment sponsors who share risk alongside you, instead of brokers or conglomerates
- Accounting for currency exchange and volatility risks
- The importance of essential local relationships to success
- Assessing political risks and government stability
- Understanding the legal environment and requirements for property ownership
- Determining if a market is emerging market or mature
- Factoring uncontrollable risk and mitigating potential risks, such as natural disasters
- The role your familiarity with a destination country can play
Let Bruce Kaminski and David Messersmith, two experienced real estate and resort developers be your guides.
