Why should I invest in real estate?
That is a question I have been asked for many years, and one which has many possible answers. Having been a real estate agent in Grand Cayman for many years, I can attest that real estate as a long term investment there is great.
There is no property taxes in the Cayman Islands, meaning you get a larger return on your investment. If you want even more security, you can invest in luxury properties because they will always be in demand, especially in the Cayman Islands. I think there is a big misconception that a lot of people hold that they think that if they invest in real estate they will have no money left. The key is to borrow money and use that borrowed money to invest. Don’t use your own money to buy real estate, it isn’t economical, then use the rental income to pay off the mortgage.
So overall, real estate is a great investment.