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E245: Diversifying Your Assets Overseas with Mike Cobb
As an investor, you don’t want to put all your eggs in one basket because you just never know. And as you’re scouting for options – think international diversification!
In this episode, Erik Cabral speaks with real estate investor Mike Cobb of ECI Development. Working in Central and Latin America for almost 30 years now, Mike shares some great insights into international diversification and some things you need to consider if this is something you’re interested in.
Here are some power takeaways from today’s conversation:
Episode Highlights:
[23:57] Looking into Alternative Investment Opportunities
Today, Belize is in an arbitrage situation where it has become popular enough to start to get a lot of travelers, but it doesn’t have branded products yet. And Belize has mainstream tourists who are looking online for a brand. Mike saw this opportunity and that’s why he decided to dive into the hospitality market.
[34:51] Why Choose a Good Brand Franchise
Owning a brand franchise like Marriott and Best Western means the property is 100% yours. You have the title to it and you can use it as a residence and live in it if you want. One of the best things about these brands too is their worldwide reservation system where they deliver heads on beds.
[36:53] How Cash Flow Works in Overseas Investments
It's hard to make leverage work in Latin America. Mike recommends against financing as an investment. If it’s a lifestyle, say you're a retiree, and you want to move down then you can make a loan. But as a rental property, the best option is if you have properties in the U.S., you can pull equity out at a much lower rate and use that money as your leverage in Latin America.
Resources Mentioned:
https://www.ecidevelopment.com/
Email: [email protected]
Entrepreneurs Circle podcast is an On Air Brands production.
On Air Brands is one of the leaders for launch, production, and promotion of top-rated business and real estate investing podcasts. Reach out to On Air Brands here ---> [email protected]
Learn more at: www.onairbrands.com
Find and follow find Erik at: www.erikcabral.co
Download Erik's FREE GUIDE to podcasting at: www.erikcabral.co/guide
Check out this show and previous inspiring guests at Entrepreneurs Circle in Apple Podcasts.
View all episodes
By Erik Cabral
5
5151 ratings
As an investor, you don’t want to put all your eggs in one basket because you just never know. And as you’re scouting for options – think international diversification!
In this episode, Erik Cabral speaks with real estate investor Mike Cobb of ECI Development. Working in Central and Latin America for almost 30 years now, Mike shares some great insights into international diversification and some things you need to consider if this is something you’re interested in.
Here are some power takeaways from today’s conversation:
Episode Highlights:
[23:57] Looking into Alternative Investment Opportunities
Today, Belize is in an arbitrage situation where it has become popular enough to start to get a lot of travelers, but it doesn’t have branded products yet. And Belize has mainstream tourists who are looking online for a brand. Mike saw this opportunity and that’s why he decided to dive into the hospitality market.
[34:51] Why Choose a Good Brand Franchise
Owning a brand franchise like Marriott and Best Western means the property is 100% yours. You have the title to it and you can use it as a residence and live in it if you want. One of the best things about these brands too is their worldwide reservation system where they deliver heads on beds.
[36:53] How Cash Flow Works in Overseas Investments
It's hard to make leverage work in Latin America. Mike recommends against financing as an investment. If it’s a lifestyle, say you're a retiree, and you want to move down then you can make a loan. But as a rental property, the best option is if you have properties in the U.S., you can pull equity out at a much lower rate and use that money as your leverage in Latin America.
Resources Mentioned:
https://www.ecidevelopment.com/
Email: [email protected]
Entrepreneurs Circle podcast is an On Air Brands production.
On Air Brands is one of the leaders for launch, production, and promotion of top-rated business and real estate investing podcasts. Reach out to On Air Brands here ---> [email protected]
Learn more at: www.onairbrands.com
Find and follow find Erik at: www.erikcabral.co
Download Erik's FREE GUIDE to podcasting at: www.erikcabral.co/guide
Check out this show and previous inspiring guests at Entrepreneurs Circle in Apple Podcasts.