My lovely bride and I have been to La Isla Bonita twice and are coming down again in less than sixty days and counting. We have both talked about Ambergris Caye as a place to spend much more time after retirement and I have read all the post about the expats coming down and the challenges of island living. I have loved my visits and look forward to the day they can be longer, but I have no intention of ever moving down full time. While Minnesota winters are long and awful, the summers are beautiful and we have a lake place to spend 6 or 7 months a year at.
My real question is does anyone have any stories to share about buying properties in AC as an investment. I'm tired of losing 30% when the American stock market drops 20% and gaining 10% when the market goes up 20%. Last trip down (2014) I spent quite a bit of time talking to a gentlemen that bought a condo during preconstruction, realized a gain in value upon project completion, enjoyed rental income while not there, and sold to buy another unit in a newer development.
So is this a pipe dream or a possibility. I know there are risks, projects not finishing, cost higher than anticipated, rentals not as promised, but if anyone has anything to share, I would love to hear your stories.
Gary and Kari