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Podcast Episode #579
The Real Wealth Show

Growing Money on Trees

Listen to the full episode.

Learn > [RWS #579] Growing Money on Trees

Published: July 28th, 2017

Episode Description

It takes nearly 25 years to harvest Mahogany. This could be seen as a positive or a negative. The positive is that it’s a forced retirement plan because you can have a big pay day when you need it in retirement, with no ability to spend it beforehand. The negative is that it takes 25 years!

Find out more about timber investments on this episode of The Real Wealth Show.

Show Notes

  • Welcome Mike [0:29]
  • “Location, location, location.” There’s still time to invest in beachfront property in Belize and Nicaragua , but prices will go up when the Brand is announced [1:24]
  • Mike talks about how he got started investing in Teak trees in Panama [2:27]
  • “In 25 years, if I need the money, I’m gonna really be glad I did this…and 18 years later, I’m really glad I did this!” [4:32]
  • Mike talks about the low risk from fire to Teak trees [5:25]
  • Mike talks about low risks from tree eating bugs and insects [6:50]
  • Who else is investing in Teak and timber and why? [8:27]
  • “Timber as an asset class is a phenomenal way to steward wealth into the future” [9:14]
  • What’s the single biggest advantage to investing in timber? [9:36]
  • Mike talks about how he’s made Teak parcels specifically available for the middle class to invest in. [11:25]
  • Can you use a self-directed IRA to invest in Mike’s teak parcels? [12:30]
  • Mike talks about his land in Nicaragua and future projects in Panama. [12:58]
  • Mike talks about how his business is focused on service, he is always on the lookout for ways to serve others and benefit the community. [13:33]
  • Mike talks about plans to build an agro-eco-off the grid town on the beach and is looking for a coalition of folks that would be interested in being an entrepreneurial in being a part of the community. [14:29]
  • Kathy asks Mike about what advice he would give to investors investing overseas and to breakdown the single biggest mistakes that people make when investing overseas. [15:07]
  • Mike talks about the Consumer Resource Guide which he recommends to anyone who’s considering buying overseas. [17:45]

You can download Mike’s free report on the top 10 questions to ask when buying international real estate and the Consumer Resource Guide on our Nicaragua market page (be sure to sign up for a strategy session first).

Author

Kathy Fettke

Kathy Fettke

Kathy Fettke is the Co-Founder and Co-CEO of Real Wealth Network. She is passionate about researching and then sharing the most important information about real estate, market cycles and the economy. Author of the #1 best-seller, Retire Rich with Rentals, Kathy is a frequent guest expert on such media as CNN, CNBC, Fox News, NPR and CBS MarketWatch.

Full Bio