Friday, April 27, 2012

Unsaturated Markets in Nicaragua

One thing we can all relate to is the price of real estate.  Whether you own a lot or a little it affects you in every possible way.  Back in the day people could just walk into the bank and lien a portion of their house and take a small loan or a large one for that matter and pay it back slowly over time.  Those days are gone. Never to come back anytime soon unless you plan on disclosing your full financial statements.  Most of us feel uncomfortable doing this.  The bank will want to see everything now.  If your income dropped last year or if you have had a bad year the bank will not lend you money.  Everybody knows this.  Times have changed for the bankers and the people borrowing money.  This will eventually work itself out but not for a long while.  The wheels of business must turn again and things must return to normal.  Once this has happened for all of us then maybe things can return to normal.
If you are looking to open a business where the overhead is low and the earning potential is there then I would suggest looking in Central America.  Many opportunities there for expats and the like.  You can get into a business relatively cheap down there.  You can also help the local community while helping yourself. There has not been any house flipping going on in Nicaragua.  Here it was saturated with people flipping houses.  There it still never really caught on.  If you wanted to start to flip houses there this could possibly work. You might have to get a website dedicated to this alone and advertise your progress up on the site.  I am sure you could draw and interest and get people interested in your project there

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