Watch this before buying at Mahogany Bay Village!
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- Опубліковано 8 лип 2024
- Are you thinking about buying in Mahogany Bay Village (MBV)? Did you know that the private residences do not have access to the resort pool and beach club? Are you aware of the different options for purchase and what the costs are? If you want tips about buying, resale options, and other tips from someone who has built here, this video is for you.
#investbelize
#belize - Навчання та стиль
Great detailed info. Needed this. Thank you.
Glad it was helpful!
Great presentation thanks!
Glad it was helpful!
I know this video is a couple years old. I'm headed down next month to look at lots in MB. I was wondering if we could connect by Zoom, wanted to ask a few questions as it pertains to building and buying process? Thanks in advance
Yes, we can. I would be happy to connect. Just send me an email to lhinvesting@gmail.com
Easy to understand.
I am glad!
Great information, we are your neighbor next door and we are excited to get it completed.
Yep, it will be great once all construction is done for me as well.
So if you rent your house out the renters don’t get access to the private beach? Only asking because I was looking at renting a family cottage there and the beach pictures were on the add so now I’m confused 🤔
If you rent a family cottage in the Hilton, you do have access. If it is outside the Hilton you do not.
Does the property management company take care of the pool as well?
I use Crowne Property Management to manage my property and they can manage the pool bit I already had someone to do it.
I'd be curious to know if a unit was rented throughout the year on air BB, what would the pay back? 7 years??...10 years??
You have to do a detailed rental budget along with knowing a purchase price before you can determine payback. I heard an example of a condo that netted 7K a year on a 500K purchase which means it would take 71 years to payback so not at worth it. I am in the process of preparing an investment video to show what numbers look like for both San Pedro and Placencia so will send you a link once it is complete.
@@LindainBelize I'd love to see that. I'm looking more for a family getaway with the perks or retail. 20% down in cash. Rest financing. Sort of a payback on a realistic plan like as mentioned
It’s funny, when I spoke to the realtors there in the spring they showed me this one house which is 700k to build, but they have already few of them built and owners rent them out and they make 130k a year, now, you have to buy the land with cash so let’s say the house itself is 500k if you make 130 k a year you could technically make that money in 5 years. But I don’t know. Who can be trusted. To me this realtor investing there gerself tells me that it’s a good investment, why woke they invest their own money into it then? 🤷🏻♀️
Hi Linda, not sure what happened but my comment disappeared. An email was sent.
Can you try to repost the comment?
How much are HOA's in Mahogony Bay? U.S.
They have not started charging yet. The agreement I saw from 2017 says $350US/month but the realtors have assured me that it will be $250US/month.
What does HOA fees cover?
I believe roads, security and common area maintenance. You do have to arrange your own garbage pickup.
Great video!
Very similar to the Dominican Republic with the no MLS. Agree with you. Be positive because you lose your ass leaving in a short time.
Hopefully we do get an MLS soon. There are so many websites that have outdated listings on them which can be very frustrating to buyers.
NVM I do see it..
Ok thanks!