| Dear Reader, Today, I dive into the Caribbean island where you can buy condos from $16,000. And I explain why that’s probably a bad idea…at least for the moment. It’s all in this recent video I added to my YouTube channel. Click below to view. And then join me in the comments, where I’m answering your questions. 
At its peak, this island welcomed up to 3 million visitors per year, rivaling major Caribbean tourist destinations. Now, it lies largely forgotten. But if it stirs, the opportunity would be incredible… As you may have guessed, the Caribbean island I’m talking about is Isla Margarita, part of Venezuela. Margarita has exploded into the spotlight over the past month due to the dramatic events in Venezuela and talk that the country could be finally about to emerge from crisis. That’s led to a lot of misinformation appearing online, much of it focusing on supposed real estate opportunities on the island. But our RETA group has the real intelligence… My team and I have spent more than a decade tracking the situation in Venezuela and building local contacts there. And much of our attention has been focused on Isla Margarita because of the incredible potential of this destination. Margarita is a stunningly beautiful Caribbean island with around 70 beaches, including some of Venezuela’s best. At one time, it was attracting more than 3 million tourists a year. But in recent times, visitor numbers have collapsed, with only around 11,000 international tourists visiting in 2022. Crucially, though, the tourist infrastructure remains—resorts, port terminals, and an international airport. So it could rebound quickly, given the right circumstances. In my video, I share more on the background to Isla Margarita and offer my current take on the opportunity there, including… - How Isla Margarita once rivaled the Dominican Republic for tourism
- What would need to happen for prices to 10x to 20x
- The very real risks of investing in Venezuela
- Why scams, neglected buildings, and delinquent HOAs are everywhere
- What “trigger events” I’m watching before investing a single dollar
- How I’m using boots-on-the-ground scouting and macro analysis to prepare
It's all in the YouTube video here. When you’re finished, if you want to learn more… And stay tuned. More coming on this very soon…  P.S. Have a topic you’d like me to address in a future YouTube video? A deep-dive on a destination? Something general about owning overseas, like where you can get financing or how to find a rental manager? Whatever your question, I’d love to hear it. Send it to me here. | 
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