Épisodes

  • Episode 21: Growing Up in Belize — What's It Really Like? (David Interviews Serena)
    Jan 27 2026

    Episode 21: Growing Up in Belize — What's It Really Like?

    Today we flip the script. Usually Serena asks the questions, but this episode David interviews his daughter about what it's actually like to grow up in Belize.

    Serena moved to Belize at age 11 (after vacationing there since age 6-7) and lived there until she was 18. Belize is home for her in a way it isn't for people who move as adults.

    Topics Covered:

    The Biggest Adjustment: The pace. Everything moves slower. At first frustrating coming from the U.S. where everything is instant—but you adapt. Now when Serena goes back to the States, that pace feels stressful.

    Education Options:

    • When they moved in 2010, not many options existed
    • Today: public schools, private schools, some international options depending on location
    • San Pedro has several private schools; Placencia and Belize City have options too
    • Many families homeschool
    • Quality varies—do your homework on specific schools
    • Serena's path: Homeschool with Pear Blossom, an accredited private school out of California. Real school books every year, worked at her own pace, more individual attention, college-ready if desired.

    Social Life:

    • Belize is small = smaller social circle, but deeper relationships
    • Everyone knows everyone—you can't be anonymous
    • Great for understanding different cultures, being adaptable, problem-solving
    • "Just plain being happy with less"

    Myth Busted: "My kids will be bored in Belize—there's nothing to do."

    "That's ridiculous. I grew up snorkeling, diving, exploring ruins, kayaking, fishing. Nature is your playground here. Yes, there's no mall or movie theater in most areas. But if your idea of fun requires a shopping center, that says more about you than Belize."

    What Serena Missed:

    • Some conveniences
    • Faster internet (when younger—it's improved a lot)
    • Organized sports leagues aren't as developed
    • Sometimes wanted to just go to Target or grab Chick-fil-A
    • But: "I wouldn't trade my childhood here for a 'normal' American one."

    How Growing Up in Belize Shaped Her:

    • More adaptable—when things don't go as planned, doesn't panic, figures it out
    • Comfortable around people from all different backgrounds
    • Appreciates nature, doesn't need constant entertainment
    • Has a perspective most Americans her age don't have

    Advice for Families Considering Belize:

    • Visit first—and not just the resorts
    • See the schools, talk to other families who've done it
    • Kids adapt faster than you think, but make sure YOU'RE ready for the lifestyle change
    • Kids pick up on their parents' stress
    • "Know that your kids will be different from American kids who never left their bubble. That's a feature, not a bug."

    The Reality for Teens: Many young people come to Belize when young and leave around 16-18 when they're ready for more opportunities.

    Any Regrets?

    "None. Seriously. I've had experiences most people only dream about. Even though I left when I was 18, I'll always have Belize as my foundation. When I'm homesick, I cook my stew chicken with rice and beans and visit you a couple times a year."

    Connect:

    📧 david@1stchoicebelize.com — to connect with families who've made the move
    🏠 RE/MAX 1st Choice Belize]]>

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    5 min
  • Episode 20: Your Belize Action Plan — Bringing It All Together
    Jan 26 2026
    Episode 20: Your Belize Action Plan — Bringing It All TogetherWe've covered a lot in this series so far. Today we're bringing it together: Your action plan for moving forward with Belize real estate.Whether you're just curious or ready to buy, having a clear process saves time, money, and frustration. The main step on how David has accumulated his portfolio is action.Step 1: Get Clear on Your "Why"Before you look at a single listing, ask yourself:Why Belize specifically?Is this primarily lifestyle, income, a hedge, or some combination?What's my timeline? Am I buying this year or in five years?What's my realistic budget, including closing costs, setup, and reserves?If you can't answer these clearly, you're not ready to shop—you're ready to research.Step 2: Educate YourselfListen to this podcast seriesRead about the regionsUnderstand the buying process, costs, and structuresTalk to people who've done it—not just people selling you somethingEducation is free or cheap. Mistakes are expensive. Invest in learning first.David's mentor says: "Trust but verify." AI makes research easier, but there's a lot of old, false, or outdated information out there. Do your homework, then turn that information into questions for your trusted advisor.Step 3: Visit with IntentionWhen you come to Belize, don't just vacation—have a purpose:Visit 2-3 regions maximum (don't try to see everything)Get a feel for each locationTalk to expats, property managers, and local businessesAsk around about your trusted advisor or real estate agentLook at properties in your budget rangeExperience the area as a potential owner, not a touristVisit different times of year if possible (December is very different than August/September)A scouting trip is different from a vacation. Treat it that way. Plus, depending on your tax situation, the trip may be a tax deduction.Step 4: Build Your TeamBefore you make an offer, you should have:A knowledgeable agent who understands your goals and works for you, not a commission. (Belize has no MLS—many agents only show their own properties.)A local legal team (closing company or lawyer)An accountant who understands cross-border accountingProperty manager contactsBuilder contacts if buying a lot to buildYour team protects you from expensive mistakes. Don't cheap out here.Everyone in Belize seems to be a builder or real estate agent. Choose wisely. David's team is here to collapse timeframes—what took him 10+ years should take you a fraction of the time.Step 5: Run Your Numbers ConservativelyBefore any purchase:Model rental occupancy at 40-50% for the year with realistic ratesInclude ALL costs: closing, holding, management, reservesCalculate your real net return—not the fantasy versionStress test: Does this work if things go wrong?If it only works in a perfect scenario, keep looking. If it's half income and half lifestyle and you really like the property, move to Step 6.Want David's short-term rental spreadsheet? Email him with "spreadsheet" in the subject line.Step 6: Make an Informed OfferWhen you find the right property:Offer based on real value, not emotionInclude proper contingencies for due diligenceUse escrow and proper contractsLet your team do their job: title search, inspections, verificationDon't rush. The right deal will still be there if you take a few weeks to do it properly.Step 7: Close and Execute Your Post-Close PlanClosing isn't the finish line. Before you close, know:Who's managing the property?How are you handling accounting and taxes?What's your insurance situation?Who's your on-the-ground contact?The buyers who succeed long-term have these answers before they wire funds.Listener Question: How Long Does This Process Take?From first serious interest to closing, most buyers take 6-18 months:Research and education: 1-3 monthsScouting trips: 1-2 trips over 3-6 monthsSearching and identifying property: 1-6 monthsOffer to close: 1-3 monthsDon't rush. Use common sense. This is a long-term investment. Taking time upfront saves regrets later.You wouldn't pay a contractor 50% upfront in your home country—why do it here? Even David gets in trouble when he skips steps and gets too comfortable with contractors and managers.Final Words:Belize can be an incredible investment—for lifestyle, income, or both. But it rewards people who do the work: education, realistic expectations, proper structure, and long-term thinking.If you've listened to these episodes, you're already ahead of 90% of people who show up in Belize and start shopping blind.Take what you've learned, build your plan, and reach out when you're ready to take the next step.What's Next:That wraps up our foundational series! From here, we'll dive into specific topics, market updates, deal spotlights, and listener questions.If there's something you want us to cover, email david@1stchoicebelize.com with "podcast question" in the subject line.Connect:📧 david@1stchoicebelize.com 🏠 RE/MAX 1st Choice Belize]]>
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    6 min
  • Episode 19: Development Investing in Belize — Opportunities and Landmines
    Jan 23 2026
    Episode 19: Development Investing in Belize — Opportunities and LandminesBeyond buying condos and homes, some investors look at development projects—building something bigger. Today we cover the opportunities and the serious landmines.Important note: Development investing can offer the biggest returns in Belize—and also the biggest losses. This isn't for beginners.Myth of the Week:"I'll buy cheap land and develop a resort, and I'll be rich in five years."David's seen this story end badly more times than he can count. Development in Belize is hard. Timelines are long, capital is intensive, and there are a hundred ways to fail. Can you succeed? Absolutely. But it requires experience, capital reserves, and realistic expectations.Development Opportunities in Belize:Small-scale residential: Buying lots and building homes or duplexes to sell or rent. Lower risk, smaller returns. Belize has a shortage of workforce housing—always a good option.Condo or multi-unit projects: Building 4-20 units for vacation rental or sale. Medium complexity.Boutique resorts or hotels: 5-20 rooms, often eco-focused or niche market. Higher complexity, higher potential.Subdivision development: Buying larger land, subdividing, adding infrastructure, selling lots. Capital intensive, longer timeline.Agricultural projects: Cacao, citrus, cattle. Production-focused with different risk profiles.What Makes Development Attractive:Spread between land cost and finished value: Buy land cheap, create significant value through developmentGrowing tourism demand: More visitors need more places to stayLimited competition: Market isn't saturated with sophisticated developersLower labor costs: Construction labor cheaper than U.S. (though the gap is closing)The Landmines (There Are Many):Unrealistic timelines: Everything takes 2-3x longer than expected. Permits, contractors, weather, materials.Cost overruns: Budget 25-40% contingency minimum. Materials often need to be imported.Finding reliable contractors: Challenging. Some take deposits and disappear.Permitting complexity: Environmental permits, building permits, coastal regulations—it's a maze.Infrastructure: You might need to bring in power, water, and roads yourself.Title issues: Make absolutely sure the land is clean before developing.Capital requirements: Most foreign buyers can't get construction financing. You need cash or private capital.Market absorption: Will buyers or renters actually show up? Some developments sit empty.Listener Question: Should I Invest in Someone Else's Development Project?Yes, that's what Caribbean Capital Group does. But be very careful.Passive investment—where someone else does the work and you provide capital—can work, but vet the developer thoroughly:Track record: References, previous projects completedUnderstand the structure: What are you actually getting? Equity? Debt? Guaranteed returns? Be skeptical of guarantees.See the financials: Pro formas should be conservative, not fantasyVisit the project: Is it real? Is progress happening?Legal protection: What happens if the developer fails? Get an attorney review.David has seen people lose everything in development deals that were fraud or just incompetence. Due diligence is critical.Advice for Someone Interested in Development:Start small: Build one house before you try to build tenPartner with experience: If you don't know Belize construction, find someone who doesHave deep reserves: Assume everything costs more and takes longerLive nearby or visit frequently: Remote development management is very difficult. Have a boots-on-the-ground team or visit often.Get proper legal and environmental guidance: Cutting corners creates big problems laterModel conservatively: If it only works with perfect assumptions, don't do itBottom Line:Development in Belize can be rewarding, but it's not passive investing. It's a business that requires hands-on involvement, expertise, and significant capital. If you're not ready for that, stick to buying finished properties.Connect:📧 david@1stchoicebelize.com 🏠 RE/MAX 1st Choice Belize 💼 Caribbean Capital Group (for development investment opportunities)]]>
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    5 min
  • Episode 18: Safety and Security in Belize — The Real Story
    Jan 22 2026

    Episode 18: Safety and Security in Belize — The Real Story

    Safety is the elephant in the room. People want to know: Is Belize safe? Today we're giving you an honest, nuanced answer—not the tourism board version and not the sensationalized headlines.

    Myth of the Week:

    "Belize is dangerous. I saw it has a high crime rate."

    The reality: Belize does have crime statistics that look alarming at the national level, but those numbers are heavily concentrated in specific areas of Belize City—areas tourists and expats don't go. The tourist areas and expat communities where people actually invest have a very different safety profile.

    Breaking It Down by Area:

    Belize City Southside: Yes, there's gang-related crime, drug activity, and violence. Most tourists never go there—and there's no reason to.

    Tourist areas (San Pedro, Placencia, Hopkins, Corozal, Cayo): You're not anywhere near the problem areas. Issues here include petty theft, opportunistic crime, and occasional property crime—similar to beach towns anywhere.

    Expat communities: Generally very safe. David knows people who don't lock their doors in some areas. (He doesn't recommend that, but it shows the reality.) Strong community awareness.

    Crimes to Actually Be Aware Of:

    • Petty theft: Don't leave valuables visible in cars or on the beach. Lock up when you leave.
    • Property crime: Empty homes can be targets. Good management, cameras, dogs, and caretakers prevent this.
    • Scams: Some people try to take advantage of foreign buyers—hence the emphasis on due diligence and working with reputable professionals.
    • Opportunistic crime: Walking alone drunk at 3am with expensive jewelry isn't smart anywhere, including Belize.

    Violent Crime Toward Tourists and Expats:

    It happens, but it's rare in the areas where investors and expats live. When it does happen, it often involves specific circumstances—disputes, robberies gone wrong, being in the wrong place. Random violence against tourists is not common.

    That said, take reasonable precautions like anywhere else in the world.

    Listener Question: Is It Safe for a Woman to Travel Alone in Belize?

    Generally yes, with normal precautions. Many solo female travelers and expats live here comfortably.

    • Stick to tourist areas
    • Use registered taxis
    • Be aware of your surroundings
    • Don't accept drinks from strangers

    The same advice you'd follow anywhere. The beach towns are welcoming and the expat community is supportive.

    How Expats Protect Their Property:

    • Caretakers or property managers: Someone checking on the property regularly deters problems
    • Cameras: Everywhere now
    • Guard dogs: Some people use them, often in combination with other measures
    • Good relationships with neighbors: Community watch is real here—people look out for each other
    • Basic security: Locks, lighting, cameras—nothing extreme
    • Insurance: Proper coverage for theft and damage
    • Don't flaunt wealth: Driving the flashiest car and wearing expensive jewelry attracts attention anywhere

    How Does Belize Compare?

    Belize is safer than some Central American countries and comparable to many Caribbean destinations. It's not as safe as some parts of the U.S. or Canada, but it's not the war zone that headlines suggest.

    Context matters: In 2024, Belize had around 120 murders total. The majority were domestic, gang, and drug related. With a population of about 425,000, that's approximately 21.7 murders per 100,000 people.

    For comparison: St. Louis, Missouri—the most dangerous U.S. city—has a homicide rate of 54.4 per 100,000 residents.

    Bottom Line:

    Belize is safe enough for hundreds of thousands of tourists annually and thousands of expats living full-time. Use common sense, take reasonable precautions, invest in areas with good track records, and don't believe everything you read online—good or bad.

    Connect:

    📧 david@1stchoicebelize.com
    🏠 RE/MAX 1st Choice Belize]]>

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    5 min
  • Episode 17: Healthcare in Belize — The Realistic Picture
    Jan 21 2026

    Episode 18: Healthcare in Belize — The Realistic Picture

    Healthcare is one of the top concerns for anyone considering Belize long-term. Today we're giving you the realistic picture.

    Myth of the Week:

    "Belize has terrible healthcare. I'd never get treated there."

    That's wrong. Belize has competent doctors and nice facilities for routine and moderate care. Where it falls short is specialized care, emergency trauma, and complex procedures. It's not terrible—it's limited. There's a difference.

    David's perspective: "When I need open heart surgery, I want a surgeon who does so many procedures he can perform mine with his eyes closed. Due to Belize's small population, a heart surgeon might only do one to three procedures a month."

    What Healthcare Is Available:

    • Public hospitals in major towns (Belize City, Belmopan have the largest)
    • Private hospitals and clinics throughout the country, including tourist areas like San Pedro, Placencia, and Cayo
    • Pharmacies well-stocked with many medications available without prescription

    For routine care: Checkups, minor injuries, common illnesses, dental—you can get good care locally at reasonable prices. A doctor visit might be $50-75 BZD. Basic bloodwork, X-rays, minor procedures—all available.

    Where It Falls Short:

    • Specialists: Limited oncologists, cardiologists, neurologists. For serious diagnosis, you're likely traveling.
    • Emergency trauma: Facilities and response times aren't what you'd find in a major U.S. city.
    • Complex surgeries: Available in some cases, but many expats choose to go abroad for anything significant.
    • Medical equipment: Some diagnostic equipment isn't available locally.

    What Expats Actually Do:

    Most use a hybrid approach:

    • Routine care locally: Checkups, minor issues, prescriptions
    • Medical tourism for bigger stuff:
      • Mérida, Mexico — Popular choice, 3-4 hours from Belize, excellent hospitals, lower cost than U.S.
      • Guatemala City and Chetumal are also options
    • Fly back to U.S./Canada for major procedures
    • Telemedicine: Increasingly used for consultations with specialists abroad

    Listener Question: What Kind of Health Insurance Should I Have?

    International health insurance: Companies like Cigna Global, IMG, GeoBlue offer plans covering you in Belize and abroad. Costs vary by age and coverage—maybe $200-$600/month for decent coverage.

    Belize local insurance: Available but limited in scope. Good for routine care, may not cover medical evacuation or treatment abroad.

    U.S. Medicare: Does NOT cover you outside the U.S. Don't rely on it.

    Medical evacuation coverage: CRITICAL. Emergency transport to a better facility can cost $50,000+. Get evac coverage.

    Many expats combine international insurance with high deductibles and pay out-of-pocket for routine care (since it's affordable locally).

    Prescription Medications:

    • Many medications available over the counter at much lower cost than the U.S.
    • Pharmacies generally well-stocked
    • Some specialized medications may need to be imported or obtained on trips abroad
    • If you're on critical medications, bring a good supply and have a backup plan

    Real examples: David pays US$9/month for generic Lipitor and US$12/month for generic Flomax in Belize.

    How to Plan:

    1. Get international health insurance with evacuation coverage — non-negotiable
    2. Identify your Plan B medical destination — Know where you'd go for serious care (Mérida, Houston, Miami, wherever)
    3. Build relationships with local providers — Find a good GP and dentist
    4. Stay on top of preventive care — Don't wait until something is serious
    5. Budget for medical travel — It's part of expat life here

    Bottom Line:

    Healthcare in Belize is adequate for daily life and minor issues. For serious care, you need a plan. That's not a deal-breaker—it's just reality. Plan for it and you'll be fine.

    Connect:

    📧 david@1stchoicebelize.com
    🏠 RE/MAX 1st Choice Belize]]>

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    5 min
  • Episode 16: Living in Belize — What Expat Life Is Really Like
    Jan 20 2026
    Episode 16: Living in Belize — What Expat Life Is Really LikeA lot of people ask, "Could I actually live here?" Today we're talking about what expat life in Belize is really like—the good, the challenging, and the surprising.Real experience, not just vacation impressions: Serena moved to Belize at age 11 and lived there until 18. David has been full-time for over 16 years. Between them, decades of actual expat life.Listener Question:"Living in Belize—is it just like being on vacation all the time?"Vacation Belize and living Belize are two very different things. On vacation, everything is an adventure. When you live here, you need groceries, reliable internet, healthcare, and to deal with bureaucracy. The romance fades into real life. For the right person, that real life is wonderful. For the wrong person, it's frustrating.What People Love About Living Here:Pace of life: Slower, less rushed, more present. People actually stop and talk to each other—say hi, good afternoon, good night in the evening.Community: Tight-knit. You'll know your neighbors. Real sense of belonging if you engage. Large expat community with activities like karaoke, bingo, poker, pickleball, and more.Nature access: Beach, reef, jungle, ruins—all within reach. Depending on location, you can snorkel before lunch and hike after.Lower cost of living (in some areas): Not everything is cheaper, but housing, property taxes, and some services can be significantly less than the U.S. or Canada. If you want to eat and drink like an American, it will cost you.English-speaking: No daily language barrier. David notes how nice it is coming back from Mexico or Nicaragua and understanding everything.What's Challenging:Infrastructure: Power goes out, some roads aren't always maintained, driving can be challenging. You adapt or you struggle.Healthcare: Basic care available, but serious medical issues often require travel to Mexico, Guatemala, or back to the U.S. Medical tourism is part of expat life. "You can get open heart surgery here, but do you want a doctor that does a couple a month or five to ten a day?"Shopping and goods: No big box stores, limited selection, expensive imports. You learn to live with less or plan shopping trips abroad. Amazon freight forwarding is an option but items are often more expensive due to duty/tariffs.Bureaucracy: Government offices move slowly. Patience is mandatory.Distance from family: A few hours away—that's freedom for some, loneliness for others.Cost of Living Reality:Varies hugely by lifestyle:Modest living (paid-off home): $2,000-$3,000/month totalUpscale lifestyle: $5,000-$8,000+/monthHousing often cheaper than U.S. Food can be comparable or higher for imported items. Local produce and seafood is affordable. Utilities are moderate. Healthcare is cheaper for routine stuff, but you need a plan for emergencies.Paths to Residency:QRP (Qualified Retired Persons): Age 45+, show $2,000/month income from outside Belize. Get residency plus ability to import household goods and vehicle duty-free.Standard Residency: Live in Belize for a year on tourist visa renewals, then apply. Takes time and paperwork.Work Permits: Separate process with more restrictions if you want to work locally.NEW: Investor Residency (December 2025): $500,000+ investment may qualify for investor residency. Details still being finalized—dedicated episode coming when more information is available.What Surprises People Most:How small the community is—you'll see the same people regularlyHow much the pace of life changes your mindset over timeHow some things that seemed essential back home become irrelevantHow some things you took for granted (like reliable mail delivery or fast food) become preciousWho Thrives as an Expat in Belize:People who are adaptable, not rigidPeople who embrace simplicity over conveniencePeople who can self-entertain (Belize doesn't have endless nightlife or shopping)People who value nature and community over stuff and speedPeople who come with realistic expectations, not fantasyBottom Line:Living in Belize can be incredible for the right person. But:Visit multiple times, different seasons, before committingRent before you buyTalk to expats who've been here more than five years—not just the honeymoon crowdConnect:📧 david@1stchoicebelize.com 🏠 RE/MAX 1st Choice Belize]]>
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    6 min
  • Breaking News: Belize's New $500K Fast-Track to Permanent Residency
    Jan 19 2026
    Breaking News: Belize's New $500K Fast-Track to Permanent ResidencyBig news out of Belize. The government just approved a new pathway to permanent residency for investors—and this could be a game changer. Today we're breaking down what it means for you.What Was Announced:In December 2025, Belize's Cabinet approved a proposal creating a new permanent residency route for foreign investors who commit US$500,000 or more into qualifying commercial ventures. This is the kind of policy shift that doesn't happen often—and it signals that Belize is serious about attracting international investment.The big part: This pathway may eliminate the traditional requirement to physically live in Belize for a full year before applying for permanent residency. That one-year requirement has always been a hurdle for investors who want a foothold in Belize but can't relocate immediately.Myth of the Week:"Belize already has easy residency programs, so this doesn't change much."Not quite. The QRP (Qualified Retired Persons) program is great for retirees 45+ with $2,000/month income—but it only gives renewable temporary residency, not permanent. Traditional permanent residency requires living in Belize for a year on consecutive tourist visa renewals before you can even apply.This new investment pathway is designed to give permanent resident status tied directly to your investment commitment—faster and with less friction.What Kinds of Investments Qualify:Final criteria are still being drafted, but emphasis is expected on industries that support sustainable economic growth and create jobs:Tourism and hospitalitySustainable agricultureRenewable and green energyDigital services and technologyLogistics and export-oriented manufacturingThis isn't about parking money in a bank account or buying a condo for personal use. Belize is looking for productive commercial investment—ventures that create jobs, support diversification, and contribute to the economy long-term.How the Program Is Expected to Work:Step 1: Commit a minimum of US$500,000 to an approved commercial venture. Step 2: Work with Belize's Investment Policy and Compliance Unit and relevant ministries to secure approvals, environmental clearances, and sector-specific licenses. Step 3: Upon approval of your investment, receive permanent resident status—without the traditional one-year waiting period.Important: The Cabinet has approved this framework, but formal legislation still needs to pass through Belize's National Assembly. That's expected in early 2026 once parliamentary sessions resume. Major milestone, but not quite the finish line yet.Listener Question: Can This Lead to Citizenship?Potentially yes. After maintaining permanent residency for five years, investors may become eligible to apply for Belizean citizenship—subject to finalized legislation. This could be the start of a path to a second passport—the "Plan B" David always talks about.Why This Matters:Strategic positioning: English-speaking, British-based legal system, 3-4 hour direct flights from U.S., access to CARICOM and Central American marketsFaster execution: Residency tied to investment commitment—no more waiting a year just to applyPurpose-driven investment: Belize wants investments that build the country, not just "pay to play"Competitive landscape: Positions Belize as one of the more compelling residency-by-investment options in the regionWhat You Should Do Now:Get educated: Understand how Belize works, what the investment landscape looks like, which sectors align with your experienceDon't rush before legislation passes: Framework is approved, but details matter. Wait for formal regulations before committing capitalBuild your team: Legal team for immigration and business law, accountant for cross-border tax implications, someone on the ground who knows the commercial landscapeThink about fit: Tourism project vs. agricultural operation vs. tech venture—match the opportunity to your expertise and goalsRed Flags to Watch For:When new programs launch, people rush to sell "packages" and "turnkey solutions." Be careful. If someone promises guaranteed approval or shortcuts around the official process, that's a red flag. Work with legitimate professionals, verify through official channels, and budget beyond the $500K threshold for legal fees, setup costs, operating capital, and a buffer for the unexpected.Bottom Line:Belize is clearly signaling it's open for serious, forward-thinking investment. This new residency pathway is designed to attract capital that builds the country. For investors who've been watching Belize and waiting for the right moment, this announcement is worth paying close attention to.Position yourself now. Get educated. Build your team. When the formal legislation passes, you'll be ready to move.Connect:📧 david@1stchoicebelize.com (to discuss how this might fit your Belize strategy) 🏠 RE/MAX 1st Choice BelizeWe'll do a follow-up episode when the regulations are ...
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    8 min
  • Episode 15: Building vs. Buying in Belize — Which Path Is Right for You?
    Jan 16 2026
    Episode 15: Building vs. Buying in Belize — Which Path Is Right for You?Should you buy an existing property or build your own? It's one of the most common questions we get. Both paths can work, but they're very different experiences with different risk profiles.Key insight: Building can offer value, but "cheap and easy" is a fantasy. Construction costs have risen significantly. Managing a build from another country is challenging. Timelines slip. Budgets expand. It can absolutely be worth it—but go in with eyes wide open.In This Episode:Advantages of buying existing propertyAdvantages of buildingRealistic construction costs (2024-2025)Biggest risks of buildingWhen each path makes senseListener Question: "Can I manage a build remotely or do I need to be there?"Advantages of Buying Existing:• Speed: Close in several weeks, start using or renting immediately • Known quality: See exactly what you're getting—no surprises • Established rental history: Real numbers to evaluate • Less hassle: No managing contractors, permits, inspections from 3,000 miles away • Financing: Some sellers offer financing on existing properties (hard to get construction loans as a foreigner)Advantages of Building:• Customization: Get exactly what you want—layout, finishes, features • Potentially better value: In some cases, build for less than comparable resale prices • Newer everything: No deferred maintenance, no previous owner's problems • Better rental positioning: Purpose-built rental property can outperform older inventory • Personal satisfaction: Some people just want to create somethingRealistic Construction Costs (2024-2025):• Basic: $150-$200 per square foot • Mid-range quality: $200-$275 per square foot • High-end finishes: $275-$400+ per square footExample: A 1,200 sq ft home with 300 sq ft deck might run $300,000-$450,000+ depending on finishes. NOT including land, site work, land clearing/fill, drawings, and permits.Add 15-20% contingency for overruns. They happen.Managing a Build Remotely:You CAN manage remotely, but you need a trusted local project manager or contractor with a track record who will advocate for you.Essential elements: • Clear contracts with payment schedules tied to milestones (not just time) • Regular check-ins, weekly video calls, photo updates • Site visits when possible • Do NOT take their word that work is complete—verify before drawsRealistic expectations: Things will take longer and cost more than quoted. Budget for it. People who try to manage a build with no local representation usually regret it.Biggest Risks of Building:• Cost overruns: Materials cost more than quoted, scope creeps, unexpected issues (reputable contractors honor material quotes) • Timeline delays: Weather, permits, contractor availability—double your expected timeline as a starting point • Quality issues: Without oversight, workmanship can suffer • Contractor problems: Some disappear mid-project or do substandard work • Permit and title issues: Make sure you can actually build what you want on that land • Survey errors: Always get a survey before building—David knows of a case where an agent showed the wrong lot and the buyer started building on property they didn't ownWhen Does Building Make Sense?• You have a specific vision existing inventory doesn't match • Found land at a good price in a great location • Have time—not in a rush to generate income (buy lot now, build in a few years) • Can be somewhat hands-on OR have trusted local representation • Have budget buffer for overruns • Treat it as a project, not a passive investmentWhen Does Buying Make Sense?• Want to start generating income or using the property quickly • Prefer a known quantity over construction risk • Are purely an investor, not a builder at heart • Don't have local representation for construction oversight • Found a property that meets your needs at a fair priceBottom Line:Neither path is universally better. Buying is simpler and faster. Building offers customization but comes with real project risk. Match the path to your personality, timeline, and risk tolerance.Connect:📧 david@1stchoicebelize.com (to discuss which approach fits your situation or get builder recommendations) 🏠 RE/MAX 1st Choice Belize]]>
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    6 min