The Cashflow Ninja podcast, hosted by MC Lulfcher, focuses on creating and growing income streams while managing and protecting wealth. In this episode, MC interviews Rachel Jensen about diversifying investments internationally through tiny homes, particularly in Latin America. Rachel is the Vice President of Sales & Marketing for ECI Development, a regional development company based throughout Latin America in Costa Rica, Belize, Panama and Nicaragua. From the ground up, she has built and grown the sales and marketing department at the Grand Baymen community.
In addition, Rachel structured the Teak for Residency Program in both Panama and Nicaragua to assist those looking to pair up a residency with alternative options outside of their home countries. Click on the image below to listen to the episode – you won’t want to miss it!
Key Takeaways 💡
- ECI Development operates in Latin America, including Nicaragua, Costa Rica, Belize, and Panama, with plans to expand into Mexico. They focus on understanding consumer needs and have built various communities offering diverse living options.The rise in remote work since COVID-19 has increased demand for tiny home communities, catering to digital nomads and those looking to reduce their carbon footprint with compact, eco-friendly living options.
- Tiny home communities in Belize, particularly on Ambergris Caye, offer unique features like over-water homes with glass bottoms to view marine life, and common areas like Palapas, restaurants, and pools to enhance community interaction.
- Nicaragua is presented as a promising location for investment, with beachfront communities like Grand Pacifica offering stunning views, a golf course, and popular spots for weddings and wellness retreats.
- Rachel mentions Panama’s properties sit in a jungle setting between David and Boquete, showcasing rivers and hiking paths. The country boasts a stable economy, the economic benefits of the Panama Canal, and high-quality medical care.
- Purchasing options include full title ownership, financing options, and the acceptance of cryptocurrencies for property purchases. Financing can be up to 80% through an international bank.
- The company manages the properties, relieving owners of the burden of running an overseas rental business. They offer two rental programs: one for investors with six weeks of personal use per year, and another for lifestyle renters with six months of occupancy.
- Residency options tied to property investments are available in Belize, Nicaragua, and Panama, with specific investment amounts required for residency. Panama offers low entry requirements and flexibility, such as only needing to visit once every six years.
