I decided to look at property companies that were across the world from me.  My reason for doing this is that you can always learn something new and find new markets to invest your money.  I wanted to pick somewhere very far away and somewhere I have never thought to look before.

In order to find a place that was a little less traditional, I decided to get my group together to brainstorm and hopefully come up with a place to look.  I got my lawyer, my accountant, and a few other trusted advisors together in our conference room to come up with ideas.

After about an hour of throwing ideas around, Stu, my accountant came up with the best idea of all: South Africa.  To be honest, I didn’t know anyone that has any investment property there and I thought it sounded like a good market to check out.

I assigned a group to find out about the prospects in this area of the world as well as the major real estate groups there.  We needed to have all our facts together before we decided on whether or not this would be a good market for us.

A week later the group came back with its’ report.  They found that the return on real estate in the region was between 25%-45% year over year.  Also, they had contacted two major real estate companies (Pam Golding International and Seeff Properties) and they both were interested in working with our company to find investment properties.

With that task completed, I have assembled another group to find good investment properties in the area.  They are currently working with the real estate companies and will present their findings early next week.  I am looking forward to seeing what they come up with.