Francois and Jennifer Lanthier walk you through the steps for Canadians investing in Costa Rica and the lessons they learned along the way.
Sarah: REITE Club Nation, welcome back. We are talking all about Costa Rica today with Francois and Jennifer Lanthier. But before we do that, I'm Sarah Larbi. I'm here with Alfonso Salemi. Alfonso, what is new and exciting?
Alfonso: How's it going Sarah? Awesome podcast today with Francois and Jennifer talking about Costa Rica, warmer climates. That's always nice for people that live in Canada. What's new? JAAG properties continue to grow, bringing on more properties, tougher to find some out there in these tough markets, but definitely helping more and more people get into home ownership building out the team, getting a lot of good traction out there as it's getting tougher and tougher to own. How about you, Sarah? What are you up to?
Sarah: Buying some properties in Hamilton, bringing in some joint venture partners, the resort, lots of good things happening. By the time that this airs, I will probably be on the dock enjoying the summer, because that is when I shut it down. I would say probably 90% of my work. I shut down.
I'll keep 10% of stuff that has to keep going. But 90% is me just chilling out and a revolving door of fun times, family, friends, all that good stuff. Anyways, on that note, we do talk about fun and friends and family in summer, but we do in Costa Rica. If you are thinking of investing out of the country, and you're curious to see how Francois and Jennifer invested recently in Costa Rica and how they maneuvered through the different cultures, the different systems. This is gonna be the show for you.
Don't forget to check us out online. We have lots of events thereiteclub.com, go to the calendars events page, and don't forget to leave a rating and review. Let's bring in Francois and Jennifer. Francois and Jennifer, how are you? You have been living it. Customizing your lives, living the lifestyle of your dreams. You just came back from a nice vacation from where?
Jennifer: We were in Costa Rica.
Francois: Yes, Pura Vida style.
Alfonso: Pura Vida. Sounds amazing. Obviously, getting away from long, cold, dark, all the negative things about the Canadian winter. Why Costa Rica? Obviously, this is a real estate investing podcast. Why Costa Rica, obviously for some enjoyment. I'm sure they have some nice peaches, but what got you there? What got you started actually thinking about Costa Rica?
Francois: It's a funny story. We've been trying to buy in Florida for about a year and a half. A good year and a half. Its bidding wars and financing was complicated and it just didn't make sense. We're like, where else are investors going? Everybody's going to Costa Rica and it looked great. We've never been, so we're like let's put in an offer on a house and just get it and we'll go and show up. And make it happen. That's it, and we've read a lot about the country. What are the pros?
Jennifer: We weren't totally going in blindly but first of all, it's a very peaceful country, so you don't have to be scared. It's not like a country where there's like a big army presence or anything like that. You feel very safe, like as a tourist is to go there. I think that's something that's very appealing for Canadians and Americans that are going there, renting out our Airbnb.
The water is drinkable, which is something that's not always the case in some South American countries. That's something that's really a big one and there's a pretty big presence like other Canadians and Americans that are either living there or doing the Airbnb kind of thing. We felt pretty comfortable and the price point's great as well.
Francois: Very well for us. Sarah already knows. I need at least 400,000 to survive. Anyway, just kidding. It's an inside joke.
Sarah: It's a joke on one of the podcasts. I think we were talking about that. If you've been listening to the podcast, you probably know this inside joke.
Francois: But anyway it's affordable. Within reason, but a house, like we got three bedrooms, two bathrooms, two stories. It's small, like it's about 1500 square feet. I would say nine foot ceilings, 250,000 US dollars compared to Florida, you're looking probably closer to half a million for something similar.
What makes it more affordable? The water is awesome. And there's Canadian banks there. Scotia Bank is in Costa Rica. Sarah, I know you're quite a fan of Scotia. I'm a big fan. We're big fans of Scotia. I don't know Alfonso, if you have mortgages. We have several with Scotia. If Scotia is down there, there's something going on and lots of investors as well. And the beaches, Walmart's there. Costco's there. It's crazy. You can be very American or North American. There's even a subway. We ate at the subway.
Sarah: I wanna take a step back before, cause I do wanna finish on this is you're saying that you bought this place for 250, but what are the rents like the average rents, is this a short term rental, midterm rental, long term rental.
Francois: Short term rental. It goes depending on the high season, low season we bought in the Guanacaste province, Playas del Coco. It's actually a drier area. Anybody knows Costa Rica, there's dry season and rainy season. Guanacaste has less rain. It's not dry like year round, but it's got less rain. Because of that, it's got less of a low season as well.
This house can rent between, I'd say $160 to $200 US per night. Pretty much year round. High season, it can probably creep up even higher at Christmas, March break right now as we're recording this, it's near Easter, it's a very religious country. This is a holy week. It's a big travel week for locals and a lot of locals do rent Airbnb. It's interesting.
Alfonso: If I'm remembering correctly, cuz we've talked about this, this is a new construction home.
Francois: No, it's another one. We have a new build as well coming up. This one existed. We couldn't wait till the fall to get the new build. I'm like, I need it now.
Alfonso: That leads me to my next question then. Obviously, owning any property, Costa Rica, Canada, across the street, across the country, across the world. There's obviously gonna be some type of property management, the people management. Talk a little bit about how you worked out to make sense.
Obviously, you're mentioning $160, $200, maybe a little bit more on higher seasons. That's obviously those Airbnb renters coming in, but the management side of it, the cleaning, making sure that they have the right keys, all that kind of stuff. What other factors are you considering? When you're looking at an investment like this?
Jennifer: There definitely is property management that is available. We decided to be a little bit more adventurous because we're already used to it. I'm sure people have heard it if you listen to the other podcast, but we're used to managing properties that are from a distance. There's a log box on the unit.
We chose to also go with a gated community. There's security guards that are there 24/7, if there's any problem. We basically found some cleaning ladies. Like even when we were visiting property. We're like hold someone like, hold on and just want to get their attention and find out how it works.
We felt pretty confident doing it ourselves. We'll find out we'll learn the harder, the easy way, but we do know that there is property management available. If we feel like we're not comfortable enough doing it ourselves.
Francois: Totally and there's four companies in Playas del Coco. It's a town of maybe 8,000 people. And there's four property management companies owned by two of them by Canadians expats that have moved there. They're good companies. They charge from what I've heard between 18% and 23% of the revenue, which makes sense for Airbnb. It's always on the higher end, Florida goes up to 25%, 27%. We found one at 33%. get used
Sarah: I would say average, for like more hands on is usually around the 20 to 25 mark, even in Canada. If you're Airbnb and do this on the short term rental. Obviously, Costa Rica sounds great and everything, but aside from Costa Rica, you guys have been looking outside of Ontario, right?
You live in Ontario. Now, you're outside of Canada. What are some of the things that you've talked about together or some of the reasons why you wanted to go ahead and invest in a country?
Francois: One big thing. I think you talk about Sarah, on your own podcast, that diversity of currency. Now, we're getting US funds in Costa Rica. There's Colones, that's the local currency and US dollars. This is great for us for creating this US revenue. We now have a Costa Rica corporation with cross-border banking with a lot of Canadian banks. You can use your US funds down there. It's just nice and safe as well.
We've seen COVID, not to get political, but certain things were shut down here. Let's just say, so it gets too bad when you can go down there and you have another place to be, and you can grow vegetables year round. That's a discussion we've had is what if things get really bad, there were announcements about food shortages coming.
There were some during winter, but there's supposed to be more so down there. You can keep growing bananas and stuff. It just felt safe as well. There's tons of roosters and chickens. There's that reason and diversity of location. There's a lot of advantages to owning outside of the country. There are complications as well, so get ready for a much slower pace. They say Pura Vida for a reason. So, get ready, drink some wine, and calm down. Everything will be fine, but it will take a while to get things done.
Sarah: Can we talk about some of the challenges that you've had then as you were making some acquisitions in Costa Rica.
Jennifer: One of the things Francois was saying a little bit of the true style is like a bank account. You just can't go into the bank and just open a bank account in 30 minutes and you're done. I think that we've gone through about five or six appointments giving information online, going in person over about six weeks of time and we actually just were able to open our bank account.
Sarah: Is that because you were figuring out where to go or that's just how the bank works? What's the process in that timeframe? What was even happening?
Francois: We emailed the person. Then I followed up a few days after I'm like, Hey, is it happening? You have to show up in person. I'm like, okay, perfect. We're there next week. Let's go and then she asked, oh, what's your last day? The person booked us the very last day in Costa Rica of course and then we show up, we're super busy. We're swampy. We don't know what to do.
I'm like, oh, they have hundreds of accounts. She's no, we have 14.
It's a separation of tasks down there. Everything is very separate. If you go to a bank, it's in Canada, you have the tellers and then you have the offices. That's okay. But down there. You have to go see a teller and then a teller will talk to the other department who will book an appointment and then talk to another department who will just handle the application.
Another department handles the opening of the account. Then it goes back again to all the different departments. There's probably 40 people involved in opening an account. If anybody has seen I don't know, in English, it's a French cartoon and you see them running around like crazy. There's all kinds of red tape. There's tons of red tape down there. Get used to that.
Alfonso: Like you said, though, you go walk on the beach, relax a little bit, and you look past that and get through that. But that's good advice to anybody that is considering anticipating that. I remember, like back in 2018, 2019, when I was going to Italy, that same type of mentality of living a little bit slower life, nothing is a hair on fire moment. It all will be taken care of. Let's dig into a little bit about the financing, if that's okay with you guys, you said 250 Scotia there. What's the difference between qualifying for financing or what type of financing are you getting for properties in Costa Rica?
Francois: For the most part, there is no financing. You have to buy cash and that's another big complication. Hurdle number one might be, where do I find that money? That's one idea you can look at, you can actually use registered funds, so RRSP money to invest in Costa Rica in your house, or pretty much anywhere in the world. You can use lines of credits or find private lenders in Canada or over there, like in Central America.
The other thing you have to be careful about, and we learned that a hard way as well is when you bring in cash anti-money laundering applies. So, now you have to justify every single dollar. And of course we're coming from Canada. It was Canadian funds. We had to convert them to the US. They were asking questions that took two months of answering questions. Why did you transfer the funds? Where did it come from? Where is it sitting?
It's worse than getting a mortgage. Get ready for that as well. It's gonna be a lot of questions. If you're buying cash. There is financing if you buy new. Some new builds, the builder actually offered financing with a bank. It tends to be a much lower loan to value like 50%, 55%. I have heard of 70%, but that's rare. Usually it's more 50%, 55%. And then you have to come up with a remaining 45%.
There's also lots of owner financing, so it's very common down there for other Americans, Canadians trying to sell their house or condo to offer a vendor take back for about five years.
And interest rates are much higher between 6.5 and 7.5 for a mortgage . That's about it, but you can't go to Scotia and get a mortgage. That just doesn't happen.
Jennifer: That's become a permanent resident.
Sarah: Let's talk about that because I think that there is an easier price of entry to become a temporary resident and then become a permanent resident. Can you share some insights of what you learned along the way for that?
Jennifer: We're actually in the process of becoming a resident because otherwise when we go to Costa Rica, we can only be there for 90 days. It's limiting if you wanna be there for a longer time and check out even more properties. Becoming a resident isn't that bad if you've already bought a property because with $150,000 investment in the country because we've already bought a property 250, we already qualify for that. It's just a little bit of paperwork with our lawyer. And I think it's about $5,000 for a family of four.
Francois: It's very reasonable if you're comparing it to the US E2 visa and all that you're looking at more at 35,000 and more. That's affordable, or if you're a digital nomad and you don't wanna buy, you just wanna go down there and rent. Then if you put, please do your due diligence. But from what we've heard, we're not digital nomads, but if you put $60,000 US in a bank account, get ready for that bank account. Bring some patients with you. Drink some coconut water.
You'll be fine at 60 K while you're there, which gives you a two year visa. You can stay there for two years. Otherwise the loophole, a lot of people are using is its 90 day visas. You drive to Nicaragua or another country every 90 days, and you just get a stamp on your passport and you can keep coming back forever. There's no end to it. The only thing is it's a bit annoying. Every three months you gotta go somewhere and come back.
Sarah: I heard it was just the same day. Like it's literally you go that same day. You don't, but you could walk through the border and then walk back with your stamp. Like I heard it was that simple. You just have to make it into a trip. Who do you need on your team? Transition, to be able to purchase. I'm guessing there's gonna be certain types of lawyers and accountants. Who is it that you had to find? Cuz it's probably not the typical ones that we work with currently, cuz this is a whole different country, different rules. What does that look like?
Francois: Lawyer is similar to Canada. It's similar to Quebec actually, cuz it's a notary public and lawyer and they have the civil code like in Quebec and California. If anybody's familiar with buying in Quebec or California, there's a whole extra layer of rules and laws. There's the common law and then there's the civil code and anyway, it gets complicated. You hear about everybody's story.
The lawyer or notary has to talk to the seller in person oftentimes, and you hear if they're divorced and like it's totally very transparent. They know how long we've been married and they get really in depth with details but the actual document for the closing is super short. It's three pages long. It's like recitals and they just say it's all in Spanish. Your lawyer has to be quite fluent if you don't speak Spanish. Thankfully we know some Spanish, so we were able to understand, and then he translated the rest of it.
On your team, you also need home insurance, which is very uncommon down there. Most people do not ensure their properties. There is insurance, it's available. It's quite affordable. What else do you need? Accounting is actually done with your law firm as well. We recommend setting up a corporation and why would we set up a corporation?
Jennifer: I'd like to add to what Francois said. I think that the lawyer is really the most important member of your team. Yes, because even our lawyer, if you wanna simplify the whole process, he'll even open your bank account for you for a fee. We just love torture and love learning ourselves, but we could have paid our lawyer to open the bank account for us cuz he knows it's complicated and he knows how it works. We could have just used a lawyer for so many more things and saved.
Sarah: How much would he have charged for that?
Francois: $500 US?
Sarah: Oh, that would've totally been worth it, like whatever your rate would technically be, right?
Jennifer: I think we would've done it.
Francois: But the reason I did it is as some of you do, I do coach some people and mentor and I wanted to know the full gamut. What's gonna happen if you just show up at the bank and ask for an account? I learned and it was, yeah, it's a bit rough. It might be worth $500 US and you totally worth it. Jennifer says, but another big thing people ask you to incorporate or buy in your own name so you can buy in your own name. No problem, it's not like in the US people don't sue each other as a hobby and it's not a big deal there.
Sarah: From an impact standpoint, does it make a difference?
Francois: It does. So again, do your due diligence, but technically depending on how your corporation is set up, it's quite separate from you. You may not have to bring it back to Canada. Please check with your accountants and lawyers. The other thing is power of attorney. If something's going on at the house, let's say their roof is leaking and you need to send someone down there. If you have a corporation. The lawyer builds in power of attorney.
You can call him and say, hey, we need to fix the roof. They have permission to act on your behalf. If it's in your personal name, you have to fly down there. The house could be long gone before you go and get things fixed.
Alfonso: Wow. Even for like obviously a roof or something like that would be maybe a larger or more of a major.
Francois: Even utilities.
Alfonso: Even small things. In the corporation you're able to build in that power of attorney. You're still facilitating the person that's fixing the roof, but because the lawyer is there and able to sign off and give that authority, they're able to do that. you'd have to be there in person. Wow, interesting.
Francois: Cause a lot is in person like opening the bank account. You have to sign documents in person. Some of it's more archaic, but they are quite advanced with the internet, so super high speed internet. There's some things anyway, differences that you learn along the way.
Alfonso: That's where I was going with my next question. I know, taking six weeks to open up a bank account sounds crazy to people here in Canada. You can do it on an app and in a couple minutes now on your phone, but what are the major differences you've gone through a few, but what are some of the major differences like, wow, that's great. I wish Canadian real estate investing would do this or some that you know is to be desired and say, I'm glad that we do it this way here when we're purchasing in Canada.
Francois: One big thing, Jennifer, what would you say is different? The construction style is quite different. You don't need insulation so you can build gorgeous places. Can lever balconies and infinity pools. You can have huge windows like the Florida ceiling, cuz you don't need to insulate anything. It's very different. I like that.
Jennifer: As a Canadian, you can't buy waterfront.
Francois: Yes, that's one thing down there. There it's concession lands. It becomes complicated. If you're buying there within 200 meters of the shore, normally you can't buy it, otherwise it's like a land lease, which I don't recommend. Just get used to walking at least 200 meters to the beach which isn't too bad.
Sarah: Even with a permanent residency, you can't still buy.
Francois: You need to become a citizen. Yes, after I think it's five years, then you could at that point, and that's why we're applying to try and get all those benefits.
Sarah: I wanna go back for a second though, to that lawyer, that can be power of attorney because if you don't have the right lawyer, that would scare me. Could they potentially make themselves, the owner of the home sell the home without you knowing could there be stories like that? I've heard rumors. I don't know if they're true, but if you get yourself a bad lawyer, hopefully, you don't, somebody that's not out there to serve your best interest. What is the risk like, do you know?
Francois: The other person has to have a lawyer as well, the seller. If you're not buying from a builder, there will be another lawyer as well. Like a seller representation like in Canada. Their risks are quite low and you do get the deed and title in your name. And the power of attorney is limited. You have to actually contact them to get them to do things and they will charge you. Just like that bank account is 500 bucks for them to actually do something will cost and it's not cheap.
I'm not too concerned about that of course. Do get a lawyer that is highly recommended by other investors, other people that have worked with them that you trust and you can look, there is a registry and a bar association just like in Canada, they do practice in all provinces. Costa Rica is divided into provinces. You can use the same lawyer in any province where you're buying so that part is interesting.
Sarah: I know you're not an accountant, you're not a lawyer, so everybody definitely gets these people on your team, but is there a risk of being double taxed?
Francois: Yes, cuz Canada and Costa Rica do not have a tax treaty like the US. In the US, you pay a percentage to the IRS and then you pay the difference to CRA like if it's like a top up sort of Costa Rica does not have that. You'll have to pay your Costa Rica taxes. And then if you bring income back to Canada, you'll have to pay your Canadian taxes. Our goal is not that we wanna leave the money there to buy more down there. We were told by our team that it was okay.
Jennifer: One thing though, is that the income tax and cost is very low. It's between 3% and 15%. Even if you were double taxed, it's not that you wanna give up more money, but it's not that bad.
Francois: It's not detrimental. It's not like you're gonna pay 50%. Capital gains are super low. Property taxes are .25% of the evaluation. There's a lot of pros. But again, do your homework before buying. And think about long term cuz when you're buying there, it's a longer term purchase. It's not that you can flip and do things, but it's a different market. Things move slower.
Alfonso: And you've obviously done your research and found out a lot of information. Obviously through others in the network that I've purchased in Costa Rica, but where are you finding this information, reviewing it for those that want to really go deep into it? What are the best sources for you to find this type of information?
Francois: There's a YouTube channel.
Jennifer: We actually have watched quite a few YouTube channels of other Canadians or Americans that are investing in Costa Rica. So there's Costa Rica Matt.
Francois: So #CostaRicaMatt, he's awesome. You can learn how to order at a restaurant and taxes and water.
Jennifer: He just really just breaks it down. Like just simple things that maybe you wouldn't think about, like polite ways to do things, how Costa Ricans do certain things like how they order or things that you don't wanna do that are rude. There's lots of people that hitchhike the proper, very normal, the proper thing to do.
If someone's hitchhiking and you don't wanna go, you do this, which means not picking you up and that's polite. It's normal. For us, it might be like, oh, okay, that guy's rude, but it's like letting them know that you're not gonna pick them up. So they're not gonna keep wasting their energy on you.
Sarah: It's all the little cultural differences. I'm gonna check Costa Rica Matt. I think it is just awesome to see you guys grow. When you started at The REITE Club with us, and today, you've definitely scaled your portfolio. Now, you're doing a lot of these with joint ventures. Is that what it is?
Francois: Not this one's all ours and that's our path forward as well. We are buying more. We love joint ventures. We're still doing some absolutely but Costa Rica I think we might actually be doing a JV. I'm talking too fast, but yes, this one is all ours. We wanted one that's ours. If I want to go there.
Jennifer: You don't have to check it out with the partners and negotiate who has how many weeks or which weeks and all that.
Sarah: That's good. So you get the cash flow. How are you gonna market it for rent?
Francois: We've used Airbnb, we've listed it on Airbnb, VRBO, booking.com and there is a way to sync all the calendars. It's amazing, it doesn't cost anything. You just upload all the different calendars and they sync Facebook marketplace as well. Very interesting.
We're trying that out. It has been successful with our cottage in Canada and I read down there. It's quite good. There's other sites as well. There's local Facebook groups. A lot of people travel and they're part of Facebook groups. That's one way. And also if you get property management, that's a big perk. They have a list of people that come every year and want certain things. That's a pro, we're not getting.
Sarah: Is there a demand for yearly rentals for expats or somebody that wants a longer term?
Francois: Yes, there's a demand for, I wouldn't do that though. I would stay monthly because the landlord, tenant laws are quite stringent out there, far worse than Ontario and Quebec . So you wanna stay month to month and short term, but there is a demand and where we bought to play as Coco is a bit more senior. So there's a lot of snowbirds that live there and they would be great guests and tenants.
Alfonso: It sounds like an incredible opportunity and lots of info. Thank you guys for sharing so much information about Costa Rica, your personal experience. You guys have been wonderful. I know The REITE Club community knows and loves you both. And did such a great job explaining the whole Costa Rican. If you're interested, definitely reach out to Francois and Jennifer on more of that and to share their experiences.
I know they're open with that and who knows maybe there'll be some REITE Club in Costa Rica soon enough, where we can do some getaway events or things like that. An awesome conversation and great info that you've shared today.
Francois: Thank you.
Sarah: Awesome. So the next part of the podcast is our lightning round, but because you've been on this podcast so many times, we're gonna ask you four Costa rican themed questions. Question number one. What was your favorite thing to do while you were in Costa Rica?
Jennifer: I would say it was just the food, like just eating, everything was so good. The planting, the vegetables we tried fresh coconut and all those things was really good.
Francois: My favorite was actually the sunrise and sunset, so it sounds very basic. But everything looks like a postcard. If I could show you on my iPhone, the pictures I took, just walking around everything is gorgeous. Like the sunrise is multicolored. It's very bright. At night when it goes down between the mountains, it's just amazing. All the colors, everything is different. Even the beaches, there's black sand beaches, pink, sand, gray, sand, white sand beige. That was amazing.
Alfonso: Question number two, through all your research and then actually being there, boots on the ground. What's one thing that you didn't know about Costa Rica that you do now that you'd want to share? It's a fun fact.
Francois: Crazy road, so if you hear about highway 911, it's called a monkey trail. The extremely brave. It's the scariest road I've ever seen. It's like in a bad movie, it's worth it though but you may not come back but it was fun. It was the scariest thing ever. Jennifer, did you experience something?
Jennifer: I was sweating the whole time and not because of the heat.
Francois: Nope. The monkey trail. Check it out.
Sarah: Is it a tourist attraction?
Jennifer: No, it's really just a highway. But it's not always paved and it's not always two lanes.
Francois: And there's craters and not potholes, like huge sinkholes and tons of construction, trucks and transport and hitchhikers, hills and sharp turns. And then there's cows crossing and monkeys and yeah. So was something else. It was fun
Sarah: Question number three. You're customizing your life. What is not necessarily Costa Rica related, but what is your next thing that you really wanna achieve in order to keep customizing your life?
Jennifer: I think that we definitely wanna be able to either go to Costa Rica or other places. We'd love to visit other places too in the winter when it's just so beautiful in Canada and then be here in the summertime when it's a nice winter.
We do like snow up till January 5th and then we're gone until April. Beautiful, that's it. You want a white Christmas? I like that. And then come back.
Sarah: Probably easier to know if you've got just a few days in January after Christmas that you've gotta enjoy the snow.
Francois: Yes, that's it.
Alfonso: I'll wrap up the lightning round. Last question. What's one thing that you guys learned about each other, not just Costa Rica, this investment, but over your timeframe of investing, scaling your portfolio, something that you've learned new. Now, obviously you guys have been together for quite a while. It doesn't look like it. Cuz you guys both look very young and youthful. What's one thing that you guys have learned from each other? And you guys can decide who goes first?
Jennifer: I would say that it's been 23 years that we've been together now. The one thing that I've learned by working and investing with Francois is yes, everyone already knows he has all kinds of crazy ideas, but he is very how do you say that? Like you could be flexible, like I can adapt. He can adapt so easily. If I'm like, okay, then no, this is like just a crazy idea. He'll be like, okay, cool. What's the next idea? Like he doesn't like to stick to it and no, we really gotta do this. He'll just be like, okay no, okay, you thought it was crazy? Let's just move on. .
Francois: One thing that felt weird about Costa Rica, cuz Jennifer, I spoke more Spanish than she does. I had to be the guide and the translator for the whole time there. I'm like we're learning Spanish together. I'm not living through that again. It felt very strange to be. I know we were supposed to be the provider stuff. The kids were asking, what are they saying? What are they saying?
There's some areas where they're very bilingual and some others know . And because of our French accent, they think we speak Spanish fluently and oh, this past, cause they're going way too fast. And then Jennifer does say I have crazy ideas, but she does too. We just toured a resort yesterday that she wants to buy.
Sarah: That is awesome. Francois, Jennifer, congratulations on your success. Thank you for sharing your insights, your latest projects, and what we need to know about Costa Rica. Where can our REITE Club nation reach out and find out more?
Francois: Our Instagram was hacked as well. So we started fresh. It's an opportunity for this guy. So we renamed it. It's called wine and real estate to match our podcasts. So you can find us on Instagram there on LinkedIn. You can find me Francois Lanthier or Jennifer Lanthier facilities manager. Where else on Facebook, you can find us FL Homes Corp, YouTube as well and TikTok. We're not good, but we're getting there.
Sarah: Oh my God. Are you guys doing the dances on TikTok?
Francois: No, dancing, we are not yet. We're going live from the hot tub and different things, so it's fun.
Sarah: Awesome. Thank you guys so much.
Francois: Thank you. Take care.
DJ: Thanks for listening to The REITE Club podcast, where the focus is on helping all levels of real estate investors advance to the next level and help you customize your life. Be sure to tune in next week at thereiteclub.com/podcast or wherever you listen to podcasts. And if you get a few seconds, please rate the podcast. Wherever you're listening, it helps the show get noticed by others like you, and we truly appreciate it. And don't forget to subscribe.
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