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JF 4143: How to Buy International Real Estate Without Costly Mistakes ft. Michael Cobb

13 snips
Jan 7, 2026
Michael Cobb, Founder and CEO of ECI Development, shares insights on buying international real estate, particularly in Central and South America. He discusses the unique legal systems and cultural nuances that can trip up investors. Michael emphasizes the importance of community engagement and designing expat-friendly developments through New Urbanist principles. He highlights the appeal of Belize as an investment hotspot and forecasts emerging market potential in El Salvador. Plus, learn how thoughtful diversification can enhance both lifestyle and financial stability.
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ADVICE

Don't Bribe — It Backfires

  • Never pay bribes: it's illegal under the U.S. Foreign Corrupt Practices Act and corrodes society.
  • Refuse bribery also because once you pay, you're marked as someone they'll keep charging more.
INSIGHT

One Big Parcel Changed The Strategy

  • Buying large coastal land shifted ECI from standalone projects to building whole purpose-built towns.
  • Urban planning changed their vision to community-focused developments.
ADVICE

Design Drives Community And Value

  • Use New Urbanist design (porches, shady sidewalks) to create organic social interaction and faster community formation.
  • Community design materially increases values versus nearby non-planned areas.
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