Kickass Boomers
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August 08, 2022 2:00am
37m
Welcome Back to Kick Ass Boomer, Today we are joined by Michael 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.
[00:30 - 07:40] Boomers find inspiration in overseas property
[07:41 - 15:05] How to Actually Do It Right the First Time
[15:05 - 22:09] Breaking 15 Guide Questions into 3 Main principles
[22:10 - 29:05] How to Rule in a Country in Three Days
[29:05 - 36:13] Renting is a great option for people who are thinking about downsizing or who are just starting out in their careers.
[36:13 - 37:25] Closing Segment
Connect with Michael Cobb through their website at www.ecidevelopment.com
Get your CONSUMER RESOURCE GUIDE for Free!by sending Mike an email through info@ecidevelopment.comUse KICKASS as a subject line and ask for your copy!
Tweetable Quotes
“It's interesting because 1 in 10 of the baby boomers is considering a property overseas. There are a thousand people a day considering a property overseas. And there are already 8 million ex-pats living outside of the USA and Canada.” - Michael Cobb
“Our mission as a company is to deliver inspired lifestyles and a fun place overseas for adventurous people. My personal mission is to help people who are making the decision to move overseas. To actually do it right the first time” - Michael Cobb
BEE BOLD, NOT OLD.
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