Comments by "MtnGrl585" (@mtngrl5859) on "Nomad Capitalist" channel.

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  21.  @TheBlackAce99  You're welcome! One thing that I would caution you is that due diligence is far more important in Latin America than it is in the US. I'm a licensed Realtor in California and I sell residential, investment, and land and if I did what some of the real estate people have done here, I would be sitting in jail or have to relinquish my license and pay fines. One thing that you will see is the same property in websites listed at different price points. Typically this means that what you are seeing is a net listing which is illegal in the USA. Basically what this means is that an owner has told real estate agents that they want a certain amount and anything over that amount, the real estate firm can keep. In the US in commercial real estate- which is governed by different rules- one can see large tracts of land with several different real estate signs on the parcel indicating it is what is called an Open listing. One call any of the companies or work with the Seller exclusively. Some countries like Chile, water rights don't necessarily convey with the purchase of land. So, that has to be researched carefully and prime land is quite expensive there. One of the good aspects of buying land in Panama, is that water in most areas is plentiful. It is common in the highland areas, that one only has to dig down 25-50 feet to find water. In California in the areas that I sell, it is over 300 feet down to find water. Also, mineral rights are conveyed with all real estate in Panama, not a given in the US. However, it does rain a lot around 100 inches+ a year. Areas closer to the beach areas is dryer with around 40 inches of rain per year.
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