Thinking of investing in Grand Caribe/Caribeville in San Pedro - seeking advice
My wife and I have been to Belize a couple of times and recently we took our kids with us and stayed at Grand Caribe. We're in a spot in our lives where we're thinking of ways to generate additional/passive income and the idea of buying a condo in the Caribeville development (Grand/Sunset Caribe) is appealing, on the surface at least. If you have ever owned, or currently own, in Caribeville I would very much appreciate the opportunity to get in touch with you to see what it's like from an owner's perspective. Obviously the sales pitch will be nothing but positives from the realty team on site, but we want to know the potential pitfalls of the development too. What fees are taken out each month, each rental, etc.? What costs are there outside of direct costs to the development (insurance, property taxes)? Is the staff as accommodating with owners as they are the short term guests (they were lovely during our stay)? What kind of occupancy rate is typical? If you're comfortable sharing, what kind of revenue do you see during the low months? The high months?
You can certainly respond to this post but if you'd prefer to DM me please do so. You are free to share as much or as little as you would like, we are in the VERY preliminary stages of this idea so assume we're starting from scratch. We've never owned investment property, let alone investment property outside of the United States, and maybe this isn't the right place to jump in, but we're interested in feeling out the waters. We're looking at this as almost exclusively an investment opportunity but if we have a place secured for future visits to Belize then all the better, eh?