Rob is with CEO and Co-Founder of ECI Developments Michael K Cobb, who at the height of a hugely successful career in the computer industry decided to make a complete change and move into real estate in the emerging markets of Central America.

Along with his business partner he now builds inspired residences for adventurous souls and in this episode shares his journey and explains why it’s important to understand you don’t know what you don’t know and that you have to forget what you think you know when moving forward into any new venture.

This is a revolutionary time for how people live and work globally and when you can work remotely you can choose to live somewhere that will bring you a higher quality of life.

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KEY TAKEAWAYS

• Sometimes we are required to be physically present in a location but many roles can be successfully maintained from any location.
• This is a moment in time when we will look back at it as a sea of change in the way we work and in working remotely.
• You have to be a practitioner at something for 10,000 hours before you can become a master.
• It all began by hearing about a need, seeing a need in the marketplace and finding a way to serve the need for the consumer.
• Where ever you buy property in the world there is risk. When you buy property overseas the risks are still there but are different.
• We don’t know what we don’t know and we have to forget what we think we know. If you use this as your approach you will bring humility to any project.
• We looked at the pathway of progress patterns that had occurred previously across British colony countries and used them as an indicator of what might happen.
• If you see challenges as opportunities and ways to learn then you have a mindset ready for adventure.
• Investing a small part of your portfolio in a different country is prudent because the diversification of assets reduces overall risk.
• When you can work from anywhere in the world you can choose to live somewhere and achieve a higher quality of life and a lower cost of living.
• This is a revolutionary time in global real estate as people change how they live and work globally.

BEST MOMENTS

‘This is a pivotal time when people who want to live elsewhere in the world will be able to’

‘We saw a need in the marketplace and looked at ways to service the need’

‘We build village-style developments. In Nicaragua, we took pasture and a cattle farm and turned it into a village by the sea’

VALUABLE RESOURCES

The Property Nomads Website

https://podcasts.apple.com/gb/podcast/the-property-nomads-podcast/id1440016017

The Property Nomads - Stitcher

Buy To Let: How To Get Started – By Rob Smallbone (Amazon) 

•   Global Property resource Kit - https://info.ecidevelopment.com/eci-info-new-gap-robert-smallbone
•   Master Handbook Landing page - https://info.ecidevelopment.com/devoy-smallbone-properties-eci-country-handbooks-0-1
•   Belize Country handbook - https://info.grandbaymen.com/irerp-belize-handbook-robert-smallbone
•   Panama Country Handbook - https://info.ecidevelopment.com/irerp-panama-handbook-robert-smallbone
•   Nicaragua Country handbook - https://info.granpacifica.com/irrep-nicaragua-handbook-robert-smallbone

Website = www.ecidevelopment.com

ABOUT THE GUEST

Michael K. Cobb

At the height of a successful career in the computer industry, Mr Cobb left to pursue more pioneering opportunities in the emerging real estate markets of Central America. In 1996, he and his business partner formed a company, Exotic Caye International, to provide loans to North Americans purchasing properties in Belize, Honduras and throughout the region.

As the need for capital outstripped the supply, the mortgage company was converted to an international bank under the jurisdiction of Belize. It continues to provide mortgage services but has expanded its services to encompass the full realm of financial products.

Mr Cobb also saw the need for a regional real estate company that would serve the Baby Boomer consumer with a North American standard product for the next 2 decades. He led the group into real estate development and created a holding company for several properties including a resort on Ambergris Caye, Belize. In August of 2000, Exotic Caye purchased 3.5 miles of Pacific Beachfront property due west of Managua, Nicaragua. This master-planned community hosts world-class infrastructure, homes and condominium units. In February of 2006, the ECI Development group acquired 1100 acres and 3km of coastline in Costa Rica, setting the stage for expansion into this popular market. Most recently they merged their Belize property with a much larger parcel and have begun to develop 200 condominiums units on Ambergris Caye, Belize.

Additionally, Michael has spoken at hundreds of international conferences about real estate financing and development. He has acted as a consultant to The Oxford Club and gives counsel to various real estate projects throughout Central America.

CONTACT METHOD

https://www.ecidevelopment.com/

ABOUT THE HOST

Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?

Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.

Buckle up, sit tight and enjoy the ride that is life.

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