If you've ever wanted to know how to become a billionaire, Sam Zell is the person to tell you how. In the real estate field, many individuals have longed strive to earn millions through investing in property. For beginners, it is important however to understand the market, particularly if you have no prior experience.
Billionaire investing real estate mogul Sam Zell, who made his fortune in US property, has announced that he is now shunning US real estate investment in favor of opportunities in India and Colombia. Zell has favored international properties over US deals for the past few years, as he will pursue commercial real estate deals in Colombia and eventually try to get in on the residential market in that country as well. In India, Zell will focus his investments in the booming hotel market.
According to Zell, Colombia is a rising star in Latin America and India is fertile ground for hotel and motel chain expansion. He plans to base his hotel investment in India on the Residence Inn at Marriott model and expand the chain nationwide. Zell, the co-founder of Chicago based Equity International, has a lot of experience in overseas investment with prior projects in Brazil, Mexico and China.