Featured Client: Investing in the Island Economy

John Muldrow researched St. Croix real estate online from Texas for nine months before making the trip to look at properties. That’s commitment.

A little background on John: He currently lives in Midland, Texas, and is originally from Arlington, Texas. He’s a real estate investor by trade and a licensed Texas real estate broker. While he’s not ready to retire, he’s known for awhile that he’d like to have roots in the Caribbean, somewhere under the U.S. flag, and St. Croix, USVI, was the natural choice.

David’s first encounter with John was on his initial visit to the island, when he bought his Candle Reef condo. Since then John’s purchased a few investment properties – and he closed on the sale of his condo just a few days ago! Next up, he’ll be closing on the purchase of a home in a few months, where he and his fiance will move over the course of the next year.

John’s interest in owning real estate on St. Croix is in island economic-based investments, not on vacation rentals. So far, he has invested in a few properties, from a 12-unit apartment complex in Whim to a distressed single-family home on the East End. The future may hold additional multi-unit complexes. John’s prowess in identifying and assessing the potential of investment properties, and willingness to hold stake in our island community, is to be respected. He also still has properties in North and West Texas.

When asked about his experience working with David, John said:

David’s knowledge of the island is exceptional. So much so that he recognizes almost every property, which is pretty unusual. So, I can ask a few questions of David and he can give me a pretty quick rundown of something I have an interest in, what the pros and cons might be.

After helping John discover investment properties around the island, David was thrilled to help him find his Caribbean dream home. John was looking for a home with a view of the water and shoreline, someplace high up, with a cooling East breeze, and some privacy. He and his fiance’s home had to be functional for guests and for his corporate home office, as his long-term intent is to move his office here. For now, they will live here about 80% of the time while still running their other investment properties from the Texas office.

John’s favorite thing to do on island is spending Sunday afternoon sunbathing, enjoying the water, and watching the sunset at Rainbow Beach. He also enjoys Thursday open mic night at Castaways and says the value and quality of food at Blue Water Terrace is superb.

John’s final words during our interview are for anyone reading this who hasn’t experienced what St. Croix has to offer:

I would invite the folks from the States not to waste anymore time. Get down here and enjoy what’s right here at your fingertips!