David Kafka, founder and director of Caribbean Capital Group, LLC, specializes in raising capital for passive investments in Belize. David shares his journey from being a firefighter and side hustling in real estate to moving to Belize and becoming a full-time entrepreneur. His story is packed with valuable insights on balancing a demanding job with real estate investments and eventually transitioning to a full-time entrepreneurial lifestyle.

Episode Highlights:
Introduction and David’s Background:

David's Journey: David started his real estate journey at 21 while working as a firefighter 🚒. He initially invested in single-family homes while juggling his full-time job and a side landscaping business 🌱. His strong work ethic and passion for real estate eventually led him to sell everything in the U.S. and move to Belize in 2008.

Challenges in Belize: David observed dishonest practices in the Belizean real estate market and saw an opportunity for someone with ethics to succeed. His integrity and relationship-focused approach became the cornerstone of his business in Belize 🌴.

Balancing Act: David managed his U.S. investments and businesses while working full-time by maintaining a strong work ethic, putting in long hours, and staying committed to his goals. He emphasizes the importance of relationships, ethics, and hard work in achieving success.

Real Estate Transactions Discussed During the Show: Take Notes and Learn 📚:

Diversification and Value Add Strategy: David shared his experiences of expanding his investments beyond Belize to include properties in Mexico and Nicaragua 🏘️. He also discussed the importance of diversification in building a resilient investment portfolio.

Hotel Syndication in Belize: David syndicated a hotel called Mariposa in Placencia, Belize. The hotel offered a 6% preferred return with a 50/50 split and an alternative 10% preferred return with no split. Interestingly, all investors chose the 6% with a 50/50 split, believing in the business plan and potential returns 🌟.

Value Add Component: David’s team is currently adding six new treehouse units, a spa, and a butterfly farm 🦋 to enhance the property's appeal and value. These additions are expected to increase the hotel's value significantly, leading to higher returns for investors.

Moonlight Coaching Round 🌙:

New Investor Tips: David emphasizes the importance of knowing your operator in syndications. The team managing the property is more crucial than the property itself; a good team can make or break a deal 🧠.

Balancing Business and Life: David shared his strategy of giving his wife veto power over his business decisions to ensure balance and prioritize family life 👨‍👩‍👦. He admits that maintaining balance is challenging but essential.

Starting with Limited Resources: David advises new entrepreneurs to invest in themselves through education and surround themselves with smarter, more experienced people 📚. Attending events and building a strong network are crucial steps to success.

Book Recommendation 📖:

"Cashflow Quadrant" by Robert Kiyosaki: This book helped David transition from being a W-2 and 1099 worker to becoming an investor. It’s highly recommended for understanding the mindset and strategies needed to achieve financial independence.
Final Thoughts:

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