Dan Merriam, a Canadian real estate investor, shares his journey and insights on investing in the Caribbean in this podcast. He started investing in Hamilton, Ontario, by purchasing distressed properties and focusing on capital appreciation. He emphasizes the importance of having active income and staying focused in real estate investing. Dan also suggests proving oneself as an expert before helping others make money through real estate.

Dan's advice for new investors involves buying a home with a basement apartment (or creating one), living in it for a few years, refinancing it, and then investing or selling it tax-free. He believes that there is still opportunity in the Canadian market, especially with a well-managed portfolio. He also sees potential in value-add renovations and forced appreciation.

Overall, Dan believes that there are still significant opportunities in the Canadian and Caribbean real estate markets, and with the right strategy and focus, investors can achieve success.

CONTACT DAN:

If you're interested in investing in the Caribbean, you can visit Dan's website, DanMerriam.com , to learn more about his investment career and read his articles, or listen to his podcast on the Caribbean and real estate investing. You can also email him at dan@offshorefreedom.com.