The Cayman Islands offers countless benefits to the hundreds of thousands of tourists who visit every year. That’s probably why so many keep returning and why it’s the number one tourist destination in the entire world. But there are other reasons to enjoy the Cayman Islands besides, for example, that they have the best diving in the Western hemisphere.
While it’s great to go back to the Cayman Islands as much as you can, imagine if you had a permanent residence there. Cayman properties are a hot commodity, so it’s not like you’d have trouble finding one for sale and think of all the benefits.
For one, if you had a Cayman property, you’d always make time to return. All the excuses that get in the way of a vacation would disappear.
But while you’re not enjoying the beautiful sand and sun, you could rent out your property to other people looking to do the same. So while you’re at home planning your next trip, you’re also collecting checks as a passive business. Use that money to help pay off your investment!
Did you know there are absolutely no taxes down there either? It’s true. You won’t find any property taxes, no incomes taxes, there aren’t even capital gains taxes! Between your real estate investment and all the other money you could make down there, having a home in the Caribbean could turn out to be one of the best decisions you’ve ever made!