PODCAST EDUCATION

Vacation Rental Properties in Belize

Episode 004

The Real Estate Cowboys, John Larson and Johnny Collins, talk passive income real estate investing.

Heard locally every Sunday morning at 8 a.m. in Dallas-Fort Worth on NewsRadio 1080 KRLD, the Cowboys invited David Keener of Vision Properties to talk vacation rental properties, beachfront condos, private islands, and the investment opportunity in Belize.

Host Amanda Guerra keeps the #CowboyCoffee hot while John and Johnny talk how to #BeACowboy and earn passive income in real estate.

Segments:

1) Belize Intro
2) Guest David Keener, Vision Properties
3) David Keener Continued
4) Questions from Listeners and Words of Motivation

About David Keener

David KeenerA resident of Dallas, David has been in land development and construction for more than 15 years, both in the U.S. and Belize. His experience in Belize includes construction of the now-famous Little Harvest Caye, an island off the coast of Placencia, and featured on HGTV’s Island Hunters. David and his wife Kathy first traveled to Belize in 2003. They immediately fell in love with the area and decided to purchase two lots where they could start building their dream. Since then, they have built numerous luxury beachfront villas and private islands in Placencia, Belize. Over the past seven years, David has built an exceptional staff in Belize and in Texas that provides owners and guests with an unmatched experience.

Episode Transcript

Belize Intro

Announcer: The following is a paid commercial program, paid for by American Real Estate Investments, LLC, and does not reflect the opinions or advice of KRLD or Intercom Media Corporation. Are you wanting to invest in real estate? Get your cowboy hat on, and let’s talk passive income investing in the real estate market in North Texas. Here’s your experts, John Larson and Johnny Collins and your host, Amanda Guerra. 

Amanda Guerra: A very good morning to you and welcome to the Real Estate Cowboys Radio Show. I’m Amanda Guerra along John Larson and Johnny Collins and our goal of this show and every show is to teach you everything you need to know about real estate investing and what is your return on life. Normally for our shows, we’re focused in and around DFW because the real estate market here is hot, but today we’re going to be traveling to another warm place. Thinking about maybe investing in real estate somewhere outside the country.  

Johnny Collins: Well, if you know John, you know he’s a global real estate guy. He’s not just domestic. He’s also international. You’re all over the world.  

John Larson: That’s right, yeah. We are going to be talking about Belize, which is just south of us, south of the United States, and we’re going to talk about why all these celebrities have been vacationing there and looking to invest there. What is it about Belize? Why are these celebrities going there? Celebrities like Leonardo Dicaprio, Francis Ford Coppola, Bill Gates, Ringo Starr, Heidi Klum, Cameron Diaz, and these people frequent Belize quite often and are also investing down in Belize. So there’s a lot of good reasons why. So we’re going to touch on that today. We have a great guest on the show. Mr. David Keener, who’s also a Dallas resident and property developer. He’s been going down to Belize for a number of years, going on two decades.  

Johnny Collins: He’s a pretty smart guy.  

John Larson: Yeah, he is, he’s actually also been on HGTV, so he’s had that pretty face of his on HGTV for his, uh, island developments that he does. He develops private islands with us down in Belize and we do like little mini resorts on there. So it’s a different type of model. You’re diversifying outside of the country, which just goes back to diversification. And not just diversification across property classes, but also diversification in terms of countries. And another way that you can kind of limit risk. One country’s not doing too well, maybe the US goes through another situation that we went through, hopefully not as bad, but almost a decade ago. Um, you know, Belize could still be going well in your investments and Belize could still be really doing well for you, or any other country that makes sense outside of the US.  

Johnny Collins: There’s a lot of great countries to invest in that you guys have just had some phenomenal success in Belize so why not? Just another turnkey product, right? What I really love about Belize, you know, how we talk about in Texas here specifically in this market, the appreciation is so great. So I always say, you know, you can get a good deal in this, market and please don’t misconstrue what I’m saying, but just follow me. You can get a good deal in this market and overpay for it just to make sure you secure it, right? And it’s the appreciation that kind of saves the day down the road and I don’t necessarily, um, advise that you do that because I’m a firm believer in you make the money at the purchase, you’re going to make your money when you buy the house, you should have made money. But when you think about the concept of buying a piece of property in overpaying for it, just so you can secure it, knowing that appreciation is going to say the date, that is a phenomenal place to be.  I think kind of the contrapositive of that in Belize the cost of living is so low. It’s the same concept. Just the opposite direction.  How have you all benefited from that and what are some key factors around that, John?  

John Larson: Well, the property cost and Belize, number one, it only averages about $216 a foot, and that’s for beachfront property. When you look at like the British Virgin Islands and other areas, yeah, you’re at least three times that, right? So what you’re able to get in Belize is a lot more affordable than a lot of these other vacation destinations around the world. The cost to build down there is much cheaper because the dollar is locked in 2 to 1. So if you’re a US developer, you’re basically getting 50 percent off all of the materials and the labor costs that you would in the United States down in Belize.  It’s the only English speaking country in that hemisphere. And that area of the world, uh, in the Caribbean. It’s also growing exponentially at almost two percent per year, making it the second fastest growing area in that part of the world. And so what I like to touch on, what I tell many of our investors or people who are interested in Belize and we actually have a seminar coming up on Belize, which we’ll get to details on that at the end of the show. But what I like to tell people is what we see in southern Belize and Placencia, specifically because it’s still very underdeveloped, but it’s on the up and coming. We believe that we have the same opportunity down there that you would have in 1950 in Hawaii right before the big real estate boom out there.  You know, imagine if you could have bought a property for your family back in 1950 in Hawaii. The generational wealth that that would create for you. For anybody listening to the show that’s a little bit familiar with Belize, there is an area of Belize in northern Belize. It’s an island. It’s called Ambergris Caye. San Pedro is another common name for it. Uh, that has been, that was probably the number one area that first started being developed rapidly as a tourist destination and things like that. So Placencia is, is just right behind that. And what we have in Placencia that I really like is, it’s a peninsula, like I said, so you still get the inland features of Mayan Ruins, jungle tour, zip lining, things like that. But then you also get the ocean activities of fishing, snorkeling, diving, etc..  

John Larson: So that’s personally why I like Placencia and plus, like I said, it’s not overdeveloped yet, so you have an opportunity of getting in, buying land cheap or getting in on a development of turnkey development for an affordable cost and then you can ride that appreciation upswing and why like I like Belize is because I like to relate it to what we’re seeing here in Dallas and Texas specifically. It’s the same type of stuff that we’re experiencing in this market. A lot of development because there’s a lot of new people moving in and there’s an opportunity, like you said, to buy property and get that appreciation from year to year where you’re getting that equity growth? I tell all my investors, whenever you’re investing in any market, you need to go see it. You need to go meet the team. You need to go see the actual property that you’re purchasing. Well, we do that every month, we take people down to Belize on our Discover Belize tours. We can talk about that later and David’s also going to touch on that, but that gets you an opportunity to come down and see what we’re doing.  

Amanda Guerra: So really quick. I know our guest is probably going to touch on this, but give an idea to people, what kind of properties down there are they going to be able to invest in and I know we’re going to go more into it coming up.  

John Larson: Yeah. There’s a wide range of ownership opportunities. It starts as an island. Yeah. It starts at, you know, a fraction, not a timeshare. You share in the ownership with some partners. You can start with that with one of our villas and then it goes all the or luxury homes, five bedroom, five bath, luxury homes. And that can go all the way as far as a private island. A fractional share of a private island right off the coast of Placencia.  

Amanda Guerra: Wow. All right, well, we’re going to go all into that with our guest coming up. David Keener is going to be talking. Everything you need to know about Belize and like you heard John say, we do have a seminar coming up in just a few days on this, and if you would like to learn more about that, go to the BestofBelize.com. Stick around. We’re going to be talking much more about it coming up. 

Guest David Keener, Vision Properties

Amanda Guerra: Welcome back to the Real Estate Cowboys Radio Show, one of our goals here is your return on life. So today, although we love the real estate market in DFW, we’re venturing outside of the United States specifically talking about a earning passive income through vacation rentals in beliefs or joining us. We’re so excited to have one of our real estate cowboys, expert David Keener. He is one of the founders of Vision Properties.  

John Larson: Yep. David Keener has over 25 years of successful business and real estate experience ranging from large single family developments here in DFW, with successful ventures in technology and healthcare. David first visited Placencia Belize back in 2001 and has since developed Vision Properties Belize, the premier vacation rental and private island development operation in southern Belize. His work has been featured on HGTV and on the cover of Private Islands magazine. Please welcome to the show, Mr. David Keener.  

David Keener: John, thank you and good afternoon and thanks for having me.  

John Larson: Of course. So David Belize has been growing in popularity recently, but what was it about Belize that caught your eye as a developer almost 20 years ago.  

David Keener: Being a fellow developer here in DFW for many years, mainly focusing on single-family residential lot development. The first time down to Belize, all I saw was wide open land on the beach at a price point that seems silly compared to certainly Florida, even Galveston for that matter. And certainly the Grand Caymans and Bahamas.  

John Larson: I’ve been to Belize quite a bit with you and I see the same thing. Um, even today there’s still a lot of room for development. It’s not overly saturated. Still a lot of opportunities down there, but I’m sure it has come a long way since 20 years ago when you were first down there.  

David Keener: It definitely has in many regards. I mean the infrastructure, roads, Internet, power grid, all that sort of stuff has definitely improved, but certain things have stayed pretty much the way they were that I really like, like not too crowded. Still that kind of wide-open feeling on the front sort of feeling. Uh, and obviously great fishing. Great diving still continues.  

John Larson: You focus specifically on Placencia, which is in southern Belize. What do you like about Placencia as opposed to other popular destinations in Belize like right now, San Pedro seems to be like the go-to destination, what is it about Placencia that you like opposed to an area like San Pedro?  

David Keener: John, Belize is basically broken down into three tourist sectors, if you will. San Pedro Ambergris Caye is by far head and shoulders above any other destination. It’s the oldest destination. It’s the most developed.  At the time we first came down late, know Placencia was probably a very distant third in the time we’d been down there. It’s rapidly become a solid number two behind San Pedro and certainly from a growth perspective year over year growth is, is certainly trending toward Placencia being the next, the new spot to be.  

John Larson: Let’s talk about the opportunities that got you on HGTV. I really love these. Uh, this is, this is the real sexy thing that you guys are doing down in Placencia, the private island developments or cayes as they call them in Belize. What is it about the Belizian cayes that make them ideal for small resort style developments?  

David Keener: Well, John, about 10 years ago, a little more, I guess we developed our first beach house. Since then we’ve done numerous beach houses and after doing that I was kind of looking for again, something more challenging, more unique, and there was this little, my wife called it a sandbar and that’s pretty much exactly what it was, just about, not even a mile offshore from the center of Placencia. Again, to get a bigger challenge. We decided to let’s, let’s put a basically a beach house compound or whatever on this little sandbar and we turned it into a very, you know, beautiful manicured, private island that’s now known as Little Harvest Caye. Ah, it was an aerial shot of that, that was on our website, that the owner of Private Islands magazine and the host of the Island Hunters TV show saw and contacted me wanting to do a show out there.  And so that make a long story short. That’s kinda how we got started. And then since then me and him have become friends. And Gladden Caye, which was also featured on a follow-up kind of grand finale for the series which aired last September. One of the other unique features about Placencia is that obviously, Belize has the barrier reef, second biggest in the world, world heritage site, all that. But around Placencia, it’s about 18 miles offshore. So from 18 miles all the way back to the shoreline of Placencia, there’s kind of an inner reef system,  with small islands dotting the landscape, you know, very protected seas, you don’t get the large rollers like you do, because of the barrier reef, knocks it down. So it’s much more navigable. It’s people that get seasick really don’t have to worry about going out to one of the islands unless the weather’s just really bad.  But on a typical day, it’s just not an issue. And so that was an attractive thing. The islands can range anywhere, I guess in size from, I don’t know, maybe up to 40, 50 acres, but on average probably four to one and a half acre, something like that. As sort of a typical size. Many of these islands are very mangrove and so they require a lot of fill. You know, some of the ones that we just did, we just kind of doing a project right now called Canoe, which is actually one of the few hard coral islands, that we’re doing a little two-acre kind of similar concept, a Little Harvest, only it’s six miles offshore versus being right in town. 

John Larson: I would imagine there’s people listening to the show. They’re thinking, OK, who rents these islands? What does the profile of one of your renters that come see you and rents Little Harvest Caye for per se for a week. What type of renter is that?  

David Keener: I assumed it would be a similar profile and type person who would rent our five and six bedroom beach houses, which would be large families, multi-families that are traveling together. Some wedding traffic, uh, just at a higher price point because it’s more exclusive and we’re, in this case, we’re offering more services out on the islands. And for the most part, that big house buyer has been a similar transfer over. But the wedding traffic has really been a big one. Even some corporate events. We have a new island called the Enclave that was actually through Chris’s suggestions with private islands, a little bit more focused toward corporate kind of retreats and some training. We actually added an air-conditioned media/training room, which none of our other properties have and just have more room so we can handle a larger groups and larger weddings and larger family reunions, things like that.  

John Larson: How often are these islands leased and what is the average rental rate right now for one of these private islands?  

David Keener: The range of services, you know, people, young people wanted to be close to town. Some people want privacy, some people may want a nice combination in the middle. And so the price point afforded to the islands and the occupancy has been very strong over the, you know, for all the properties that ours, but especially the islands.  

John Larson: Um, so just to touch on utilities. How’s the Internet access out there? I’m sure people are wondering that. How is the Internet access on a private island? David,  

David Keener: You’d be shocked, but people don’t want to go 20 miles offshore and have no one around for, you know, as far as you can see. One of the first questions they ask is how is the Internet and even out there at Gladden Caye,  20 miles offshore, we have a very stable and good internet system that’s on a cell tower that has been very reliable, very fast. And then on the mainland, the Internet continues to improve with multiple carriers now. And the reliability is, it’s getting to where it is here in Dallas is still got a little ways to go, but very good.  

John Larson: All right David. Now let’s discuss a very important part of this whole process. When these owners aren’t using the property. The reason why I like vacation rentals so much is because you can use these properties when you want and when you don’t, you can rent them out and get cash flow from the opportunity. Let’s talk about the management solution. So when these owners are away, can you explain the role of your management company and what role they play in the whole process? What are they responsible for, and why are they valuable asset to your owners?  

David Keener: Well, John having a well-managed asset that’s properly maintained when somebody shows up, everything’s working, they get picked up at the airport on time in one of our vans by one of our staff. The chef’s food quality and everything is like you would expect in a 4 or 5-star restaurant here is kind of a critical piece of the formula. And so especially with the Internet now and reviews and all this, you have to have a five-star rating property. They’ve done an excellent job over the past seven, eight years of having a five-star rating, having good reviews on all the websites, which in my opinion leads to them staying and keeping full from an occupancy standpoint.  

John Larson: Yeah, and I can attest to that. I’ve stayed in the properties and every time I go cave tubing or I go zip lining I come back and my room is pristine. The food,  Domingo is a great, great cook down there, great chef. Every time every I have a meal from him, it’s very well prepared. So yeah, I’ve had a great experience staying in the properties, so I can definitely attest to the management side.  

Amanda Guerra: We have to take a quick break, but if you would like to learn more about beliefs in the meantime, just head to the BestofBelize.com. Again, we have a seminar coming up on May 8th we’ll be right back. 

David Keener Continued

Announcer: The following program has been paid for by American Real Estate Investments, LLC. All opinions expressed on this program are solely the opinions of American Real Estate Investments, LLC and do not reflect the opinions of KRLD or Intercom Media Corporation. You should not treat any opinion expressed on the program as a specific inducement to follow a particular strategy regarding real estate financing or investment. And before acting on information on the program, you should seek advice from your own financial, tax mortgage or real estate advisor.  

Amanda Guerra: Welcome back to the Real Estate Cowboys Radio Show. We’ve been talking this morning, about stepping outside Texas. We’ve been talking about real estate investing in Belize. How amazing does that sound? Joining us on the show today is David Keener. If you interested, you can head to his website, BestofBelizecom. David works closely John Larson here. So, David, you’ve been telling us about some of the properties that you have in Belize.  

David Keener: One thing that is important to kind of note is that with the exception of Gladden, and it’s truly a 6 star, 100 percent all inclusive, you know, from fishing to dive into food wine, but except for Gladden, the rest of our properties, even the other islands, are really a vacation home rental and so they’re not marketed as a resort. And so what is, what is the difference? Well, the difference is really the price that our renters pay compared to the nightly rates at a resort. In reality, they’re still getting probably the same services as they are, but from our standpoint, the expectations are set a lot lower. So when they actually get there, they’re getting way more than they expected and so they’re very happy because they feel like they’re getting a great value, which is what I really think is a key factor is that we set expectations to be a vacation home rental.  They get there and it’s like, wow, this is better than 99 percent of the resorts I’ve stayed at, and they want to come back and they tell their friends. We actually just had a renter at Little Harvest. This is a kind of a little anecdotal side story is that they actually heard about Little Harvest at baggage claim. I don’t remember what airport it was, but it was  one of the major hubs in the US, and somebody was getting their bag and they were hugging each other saying goodbye. What a great vacation they’re going on and on about it. But people actually went up to and ask them, well, where did y’all just come from because I want to go there. And they just did. They were there last week.  

John Larson: Yeah, Little Harvest is the first private island development that you did in Placencia.   

David Keener: Correct. 

John Larson: So we focus a lot on the private islands here. I wanted to touch on that because that to me, it just blows me away still the, uh, the opportunities that we have out there on the, on the private island side, but there’s a lot of different ownership opportunities that you have in Placencia. Tell us a little bit more about the different ownership opportunities that are available.  

David Keener: Well, John, over the last couple years, we’ve really been expanding to the islands two or three years ago, the just taken over a new condominium project. It’s brand new right in the center of the village. It’s full ownership and with some fractional opportunities as well. We’re in the midst of literally just yesterday, they started redoing the road through it to, uh, just amazing jungle property up on the Hummingbird Highway and one of the most pristine rainforests is left on the planet and we’re going to keep it that way and just have very limited impact. With very high-end home sites and a small kind of 5-star jungle resort, which is kind of the next trend as I see for Belize.  

John Larson: And will that be based on a fractional, or is that full ownership opportunities? 

David Keener: That’s gonna be a combination of both. Mainly full with some fractional opportunity. Yes. And then obviously the beach houses is kind of how we got started so we continue to do that. But our goal was to truly try to find an option for a wider market than we were just, you know, seeing before. So from beach lots with a marine in the back to fractional beach homes, fractional islands, full beach homes, full islands, condominiums, fractional condominiums. And this amazing jungle property I was just talking about.  

John Larson: And then lots as well, right? 

David Keener: We do have a few lots that are kind of a very unique offering, especially for the boater crew where they can be on a private island, have a marina in their backyard and open sea and you know, beach views on their front yard for around 200,000. You can’t beat that.  

John Larson: No you can’t. That is so cool. OK. So we talked about fractionals a little bit just in case someone’s listening to the show and is not familiar with a fractional model. Can you elaborate on that a little bit and also explain how it’s different from a timeshare? Many times when I’m speaking to people and I talk about the fractional ownership opportunity, they look at me kind of what the weird face and they say, you mean a timeshare?  

David Keener: Well, again, I try to build things that I would want myself, and so I first ask myself, is this something that you would buy or you invest in you to feel good about if you were looking at it? A timeshare makes no financial sense. Never seen one that did. So this is completely different than a timeshare. It’s truly more of a partnership would be a better way to put it because that’s really what it is. And that basically 10 people, four people depending on the property, but the structure, but let’s just call it a group of people own the percentage of that home. They, uh, they have true ownership in the entity that owns it. They have true management control. They can get rid of us tomorrow if the majority wants to and bring whoever they want to manage it, including themselves for that matter. Um, well that’s not happened because I think our rates are very good and our services even better, but they certainly have that choice, which is a key, not that you want to do it, but just having the ability to do it makes it completely different than the really fee fee, fee-based timeshare models and even some fractional models that you hear that are really just timeshares with different skies.  

John Larson: Gotcha. And one thing that I can say, I mean, you’re building million dollar, multi-million dollar beach homes on the main land, um, and you’re also developing multimillion dollar private island opportunities. And through the fractional model, you can make this more affordable than what people think  

David Keener: Well it’s also more affordable. It’s also more logical, and it’s also more risk-averse, and that last part to me was the critical thing, is that if you own a million dollar beach house when kind kinda how we got into this, you know, you felt like you had to go use it because it’s just sitting there. You had to rent it because if you didn’t you had 52 weeks a year that you haven’t used, you needed some rental income. Whereas this just basically divides that amongst. That gives the owners a chance to use it. Most of our owners will go down two weeks, maybe three weeks a year, so this is not a full time it’s not a six-month sort of, you know, Florida seasonal property. This is a true vacation property and as it relates to the fractional models, but one that when you go down, everything’s ready for you. The staff is trained, they’re there, the house is spotless, the car in the driveway, they hand you the keys and it’s got gas and then the oil’s been changed and you’re not having to mess around with all this stuff that you really hate to do at home and the only thing worse than having to do at home that would have to be doing at your vacation house.  

John Larson: Right. Another thing I can say is I’ve stayed in a lot of these properties and one thing that stands out to me is the quality of the buildings. Can you just elaborate on that a little bit more on what goes into actually developing these properties and developing these private islands from a quality standpoint?  

David Keener: Well, again, going back to a long history here in this market of doing single-family development and even homebuilding, you know, we designed the first home, um, maybe a little more like a Dallas home than I would want it to be. And so over time, we’ve adapted and the plans that we’re building are really geared toward the rental market that we’ve seen that we know and what works, what works from what people want, what works from how many people are using the house. And then certainly from a maintenance standpoint. I mean most of our houses down there, you know, for example, one of them has a whole third floor is the master suite. Well here in Texas, you know, if you have a master on the second floor, you might as well just, you know, just major house, hard to sell. But it’s different because we’re not living in a house in Dallas, we’re going on vacation.  People want things that are different. They really have that, you know, a panoramic view of out the deck over top of the ocean and the breeze and all that and so all that stuff has been continually reprocessed based on feedback, based on what’s been working great and adapted certainly in the beach houses and even with the islands. Now we’re on island number four and we’re certainly making some changes. So what we did on island number one, again, I just told you one of them, we added some rooms, we added the media room, trying to serve a little bit bigger and different market yet ,still take care of the people that you know that we’ve already, you know, have a product for.  

John Larson: Right. Makes sense. Let’s talk about what the cost is of the tour. I know you make it pretty affordable for qualified investors to come down and see the opportunities that you have down in Belize and just check out Placencia as a whole and I’m with you. I would never invest in something that I didn’t see myself. And obviously, it’s very important to know the team that you’re working with because honestly, it’s really the team that makes these things perform for you. So what is the cost and is there any discount, you know, I’ve been nudging you, for the Real Estate Cowboys listeners out there. What is the cost of the tour?  

David Keener: Well, typically we charge $1295, which includes everything once you land in Belize City, so, I mean local flights from Belize City down to Placencia, that alone is a, you know, like $225. All your food, you know, when we go out to dinner at the restaurant, we’ll have some meals at one of the houses or one of our other properties. Your trip I was just talking about, um, throughout to the island. So a boating trip, out snorkeling, one thing I neglected to mention, which we do, go to the waterfall, that’s included and beautiful and only 15 minutes away. And then we pick you up at the airport down in Placencia, get you back. So all your transfers, all your meals, all your activities included until you get back to Belize City airport.  

John Larson: Awesome.  

David Keener: Yeah, and again John for your listeners, if they sign up and get, you know, get reserved, uh mention your show when they call in or email us in, then we’ve dropped that to $995.  

John Larson: Wow. Wow. So yeah, so anybody interested in going on one of these tours, and like I said, space is limited. They only take up to 10 couples at a time on these tours. If you go to VisionPropertiesBelize.com and just let them know. Let us know that you heard this opportunity on the Real Estate Cowboys Radio Show. You’re going to get a discount to $995. So it’s a great, great offering. I appreciate that David. So yeah, once again, anybody interested in taking advantage of a Discover Belize tour for Real Estate Cowboys discount of $995 per couple go to VisionPropertiesBelize.com. And you can also see a bunch of photos of the opportunities that are down there in Placencia, Belize, the homes, so you can see the quality that we’ve been talking about on the show. There’s a ton of examples on there, so VisionPropertiesBelize.com. 

David Keener: And if you’re really bored, there’s links to the two TV shows on Island Hunters on our home page.  

John Larson: There you go. There you go. All right, so we also have an awesome event that’s coming up. Uh, it’s, it’s the Best of Belize event there. I’m going to be the keynote speaker at that event. David Wallace will be there speaking about the opportunities that we have in Belize. We just touched on a few different things here today on the show, but if you’re really interested in this opportunity, I definitely recommend coming to this free event. It’s right here in our studio ballroom located just outside of downtown. There’s more information on how to register for the event. It’s Tuesday, May 8th from seven to 8:30 PM. You can find out more information and where to register for the event at BestofBelize.com. Once again, BestofBelize.com, so make sure you go to that website and reserve your spot because space is limited for that as well. So that is May 8th from 7:00 PM to 8:30 PM. Got to BestofBelize.com to register. David, thank you so much for being on the show. I really appreciate it.  

David Keener: My pleasure. Thank you for having me.

Questions from Listeners and Words of Motivation

Amanda Guerra: And welcome back to the Real Estate Cowboys Radio Show. I hope you guys have had a good weekend so far and if you’re thinking about, we’ve been talking about Belize this whole time and in the spring and the summer is a great time to start thinking about that, especially when it comes to real estate investing. So let’s wrap up kind of what we’ve been talking about this whole time.  

Johnny Collins: Exactly right. I mean, David nailed it. I’ll be frank with you. I mean, you been trying to drag me to Belize for I don’t know how long now. But what do I need to do next? What would be my next step, John?  

John Larson: Next step would be to join us on a Discover Belize tour. Come on down there. I go on tours a lot of times, David is down there on the tours, so he has, he obviously has a wealth of knowledge. You heard a portion of it today on the, on the uh, interview, but I’m a big see it believe it type of person. And so, you know, if you live in the Dallas area or the Houston area, it’s a very, very short flight for you. 

Johnny Collins: How long is it? 

John Larson: Uh, from Dallas, two and a half hours.  From Houston, it’s about two hours. That’s all. Um, and so more and more major airlines are flying into Belize. So it’s making a lot more convenient for people around the entire country to make it to Belize. And actually, you know, I saw a stat that Belize is within five hours of 60 percent of the population.  

Johnny Collins: Well I know this. It takes longer to get to Vegas. 

John Larson: Yeah, it does. It’s exactly true. And so, you know, you also have to look at, you know, tourism in that area is up 20 percent, so that just means more and more people are going, which is why the airlines are flying in. So it’s the same thing for me, if I’m going to analyze a market here domestically, a good metric to use is how many U-Hauls are being dropped off in these cities, right? What’s the cost to drop a U-Haul off and Dallas as opposed to take a U-Haul out? I’m guaranteeing it’s more expensive to take a U-Haul here. Right? So it’s the same thing with airlines. When you’re looking at a vacation opportunity, you’re looking to invest in another country, see how many flights are going in, you know, see how many major airlines fly to these areas. And when you look at a country like Belize, five years ago, there weren’t as many airlines flying in that there are now, and you know, Southwest is big here in Dallas and Houston; Southwest just announced that they started flying to Belize just, it was only two years ago.  

Johnny Collins: Well, I’m going to tell you, that’s really high-level thinking. I mean there’s a lot of stuff for my children to do. There’s good food, The small things are in place to really enjoy even as a family. I think that’s really turned me on about this right now. So I look forward to I guess going down there with ya. I’m going to take the tour myself.   

John Larson: Yeah, I mean it’s, it’s, it’s every month and we only take six couples now. It’s not a big sales pitch seminar type of thing. But yeah, it’s an opportunity for you to go experience it with your family. And like I said, I mean if it’s a good investment it should sell itself, to a smart person, educated person, right? There is no reason to sell anybody into this opportunity. But I do like Belize because with the rising prices that we’re seeing here in America and in our own market, this is an opportunity to get you something that’s an affordable price that will cash flow when you don’t want to use it. It’s professionally managed by our team. They’re gonna put renters in there that are going to pay rent each week and you’re going to cash flow of that investment. And when you do want to use it, you have the option to go down and use it as well with your family.  

Amanda Guerra: So John, I know you said you only take six couples per month, so is this something where if you’re interested in this, you should really take advantage of it and sign up now?  

John Larson: Yeah, absolutely. Yeah. You can just go to our website. The easiest way is just to go to RealEstateCowboysDFW.com, and there’s a little drop-down there on the front page. You put in your name, phone number, a way for us to reach you, and then you could just say, I’m interested in the Discover Belize, tour, and the necessary parties will reach out to schedule that for you.  

Amanda Guerra: Cool. All right, well thank you so much. Just time now to turn it over to Johnny Collins for his weekly words of motivation. Johnny.  

Johnny Collins: I mean, it was crazy because as we talk about Belize and in owning a piece of paradise, you know, that that’s not something that’s, um, an easy undertaking from the standpoint of preparation. So what I want to talk to you a little bit about today, um, is accountability. You know, how are we holding ourselves accountable and not just to our employers or to our organizations, uh, but how are we holding ourselves accountable to ourselves? What do you believe in? Is what you believe in big enough to hold you accountable? What I mean by that is, is that as I prepare to go on this trip to Belize, you know, I know that there’s an opportunity for me to go and purchase something, that would be with my family forever, if that’s what we choose to do, but it’s not a small undertaking.  It’s a big deal. And I want to make sure that I’m ready and I’m prepared. And luckily for me, we’ve had the opportunity, to be in the workforce for some time. And we’ve done well, we’ve saved our money, we’ve been accountable to principals that have allowed us to amass some extra, is what I’ll call it. And all extra is, is options and opportunity. So how many of you are doing what it takes to make sure you can take advantage of options and opportunity? A lot of us aren’t, but those of you that are, congratulations, but for those of you that are not I to talk to you, first of all, I want to tell you, it’s never too late to prepare. It’s never too late to start doing the things and living by a set of principles that allow you to establish equity in life.  I love John’s coin on the phrase a return on life, but I also love is phrase equity in life and the only way you build equity in life is to do the things that’s going to allow you to participate when, when everybody in places where everybody can’t participate, and that is by being accountable to your work, being accountable to your family and being accountable to your goals. So let me give you a couple of categories that I really love dealing with. The first one I love dealing with is emotional management, so we always think about accountability from a financial perspective, but sometime we need to own it and thinking about it from our own personal perspectives. If you’re arguing with someone about which direction the sun is going to set and which direction it’s going to rise, that’s just an argument I wouldn’t have because at the end of the day, the sun is going to rise and it’s gonna set in the same direction.  So stop wasting your time with that argument. If you’re arguing with someone, uh, around petty things like which direction the wind is going to blow, it’s the same argument, but if you’re arguing with your spouse about money issues, that’s something that you can change, and that comes from sitting down, putting the plan in place, and a lot of us have proven that we don’t have necessarily the discipline to do it. So you need to bring in some help. Bring in someone that can help you organize your life to where you can put a plan in place. You stay steadfast to it and accountable to it and you will slowly but surely start to see changes that will allow you to participate in opportunities and choices, resources. So today, just make sure that your accountability than a place where it needs to be. Don’t allow yourself to be all over the place.  Don’t allow yourself to be confused in your own house. Be accountable to yourself, be accountable to the principles of life, and makes sure you’re following principles that lead to good and not bad. It’s funny because as we embark on this Real Estate Cowboys journey, our number one objective is to make sure people know that we are creating a safe place where you can come and get all of the information that you need in order to do something that’s profitable in order to do something that’s going to allow you to get a great return on your investment and the return on your time. So remember, accountability is the word of the week. Take a good hard look in the mirror and make sure you’re accountable.  

Amanda Guerra: All right, and you know how you can hold yourself accountable to this seminar because you really would like you guys to come to this seminar, John, giving us a little bit more information about it before we have to let everybody go for the day.  

John Larson: Yeah, the seminar is actually, you’re going to be here at the KRLD headquarters. We have a performance ballroom right there on the first level, so you’re gonna be able to meet David Keener. Uh, I will be there. I’ll be the keynote speaker at that event and we’ll just be talking more about the opportunities that we have there. Give you some more information on the tours. These tours fill up very quickly. Like I said, we only take six couples. Anything more than that starts to get a little uncomfortable. We want it to be a kind of an intimate setting. It’s definitely something that any interested people who are listening to the show should definitely check out.  

Amanda Guerra: Um, so if you are interested one more time, that seminar again, it is going to be Tuesday, May 8th from 7 to 8:30 here in the Intercom Building the KRLD studios. But we do ask that you go ahead and register ahead of time because spaces are limited. And I think, John, there’s going to be food and drinks as well.  

John Larson: Oh yeah, we’ll be serving you some food and some drinks also at the event. So we want to make sure that you register for the event. So we make sure we have enough food and drinks for everybody.  And the website is BestofBelize.com. It’s very simple to register their BestofBelize.com.  

Amanda Guerra: Alright, well come meet John and Johnny, get your information on Belize. Thank you guys so much for joining us today. We hope you’ve had a good day. And also go to RealEstateCowboysDFW. com if you just want to learn more about investing in real estate, specifically here in DFW. Hope you guys have a great rest of the weekend.  

Announcer: Get your cowboy hat on and talk passive income investing in the real estate market in North Texas every Sunday morning at 8 here on KRLD with your experts, John Larson and Johnny Collins, and your host, Amanda Garrett.   The preceding was a paid commercial program, paid for by American Real Estate Investments, LLC, and does not reflect the opinions or advice of KRLD or intercom Media Corporation.