Looking for distressed properties can be a smart investment strategy, especially if you're interested in flipping, wholesaling, or buying below market value.
Featured Property:
Resort Development in Belize
Location
Belize, Stann Creek
Property Type
Investment Property
Bedrooms
N/A
Bathrooms
N/A
Price
$119,000
Hopkins, a coastal village located in the Stann Creek District of southern Belize, is situated just south of Dangriga along the Southern Highway, between the Caribbean Sea on one side and the Maya Mountains and Cockscomb Range on the other.
There are many places to find distressed or foreclosed properties in Belize, for examples you can ask a real estate agent to filter for foreclosures or bank-owned (REO) properties.
Investors can also refer to the local County Courthouse or Public Records and search for public notices of default, tax liens, and foreclosure sales.
Working with Property Agents or Realtors who specialize in distressed properties, foreclosures and short sales can be useful as well as keeping an eye out for expired listings or properties sitting too long on the market.
Drive around neighborhoods looking for vacant houses and you may find cheap distressed Hopkins Belize property for sale with broken windows, or deferred maintenance and work with probate attorneys, property managers, and bankruptcy lawyers who they often know of distressed assets.
