This summer our family is about to embark on a major adventure: we’re packing up, leaving San Diego (for good-more on this below), and we’re going to move into our villa in Bocas Del Toro, Panama.

Our villa is located in a resort called Red Frog Beach.  It was an investment property that we purchased WAY back in 2004.  Funnily enough, I found out about the project at a real estate investing seminar in Washington, DC (where we used to live).  The “deal” back when I purchased it was a 3 day trip to Panama, and it included air, hotel and a trip to the resort.

If we invested in the resort, the cost of our trip ($1500 at the time I believe) was credited back to us against the purchase of the property.  Well, we went, we saw, and we bought!  However, hard times struck, as not only were there MANY strikes to endure, but the capital markets began to dry up (especially for Central American resort developments).

As the economy really began to suffer, I began to believe that our six figure investment was about to go up in smoke.

But the good news is that the economy finally turned around, the project became healthy once again, and now we’re ready to go down to Panama and enjoy our villa!

We’re Moving From San Diego!

I can’t believe that it’s been nearly 2.5 years that we left Vancouver, and moved to San Diego.  If you’ve been a reader of this blog for a while, then you might remember this blog post where I asked our readers for some advice on where we should move to after we sold our last property in Vancouver.

One funny thing about that post: boy was I wrong about the prices of real estate in Vancouver!  Not only was there NOT a correction, but the prices continued to climb and are now absolutely astronomical.  In fact, Vancouver is currently ranked as the 2nd most unaffordable city in the world (behind Hong Kong).

When we first arrived in San Diego at the beginning of 2010, we moved into a beautiful ocean front home in Encinitas, CA.  (As a side note, if you want to see just how beautiful this home was, our view, and how close we were to the ocean, watch the first minute of this video):

I was in a new market, and knew NO ONE, had ZERO real estate connections, and knew nothing about the Southern California market.  However, armed with a brain, a LOT of hustle, and a plan, we’ve now built a killer real estate investing company that is doing great things here in San Diego.

In fact, as I type this, our business is on track to do over $160,000 in net profits this month.  (Side note: I only get to keep half of that, but I have no problem with it, and I’ll explain why in a follow up blog post).

Here’s Our Schedule:

On April the 29th we’re getting in our car and spending 10 days driving up to Vancouver.  We’ll go from San Diego to Yosemite National Park, onto San Francisco, then into eastern Oregon, where we’ll visit Klamath Falls and Crater Lake.  Then it will be on to Seattle for a night, before we arrive back in Vancouver.

We’ll have 3 days in Vancouver to drop off our car, get situated, and then it’s off to Panama!  We’ll be in Bocas Del Toro all summer long, and we’ll be returning to Vancouver at the end of August, just in time for Stella to start Kindergarten.

It’s going to be exciting to spend an entire summer in Panama.  Our villa has a pool, and it’s only a few hundred yards from the beach.  The island, Basimentos, where our villa is located has NO cars (walk or ride in a golf cart), and the only electricity is in our villa itself (no street lights!), which should make for very dark evenings.

It’s in a rain forest, with red frogs, sloths and monkeys.  We’ll be living on an island, and it will be a great adventure for us this summer.

My plans for Panama are still to run our investing business here in San Diego (with my partner), learn how to speak Spanish, write a book (more on that in another blog post), and try not to work too much.

Most importantly, I’m looking forward to spending a ton of time with my children and my wife, Dreama.  We’re going to start a clean water project for the local school children, and our children (Stella, almost 5 and Sebastian, almost 3) will be attending a local school.

It’s going to be an amazing experience that I feel very fortunate and blessed to be able to undertake.  One of the main reasons I am even able to do this big adventure is because of our real estate investing business, and the way in which we’ve structured it.

I plan to share with you in an upcoming post how we’re investing right now, what we’re doing, and why I believe that it’s the most profitable, most sustainable type of real estate investing there is.

Until then, feel free to leave a comment, as I promise the next post won’t take me as long to write, and will be full of helpful information about how I’m running my real estate investing business today, how it’s structured, and why it’s allowed me to spend 4 months in Panama this summer.

Until then, here’s a quick video of the resort where we’ll be living:

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