RE in Dominican Republic
Flights are cheap-ish, RE about 1/3 of cost in Florida.
Seems like a 2br condo in a gated community can be had for 100-150K.
Would get 4-6 weeks of use per year.
Language not a problem.
Jan 14th, 2019 2:31 pm
Jan 14th, 2019 5:55 pm
Jan 14th, 2019 8:18 pm
+1...just rent. DR is a poor country to begin with, not like a resort where everyone caters to your whim...DR people are known to be feisty and excuse my language, wont take your shit if you have a problem with customer service, like people here who have to bite their tongue.
Jan 15th, 2019 7:25 am
Jan 15th, 2019 8:32 am
So, I bought a condo in a South American country around 10 years ago and it's been returning around 1% per month of the original purchase price and the price of the condo has doubled. I guess it would be a good time to sell :-)
Jan 15th, 2019 9:04 am
If I had bought property in Thailand and just sat on my behind without even renting it out I would have made out like a bandit. My issue with third world countries is that you never know who's going to scam you or what changes can the government bring. Your condo can become someone's else property with a simple forged signature. Now, you obviously have experience with this, so my advice shouldn't matter.junkmail2002 wrote: ↑Jan 15th, 2019 8:32 amSo, I bought a condo in a South American country around 10 years ago and it's been returning around 1% per month of the original purchase price and the price of the condo has doubled. I guess it would be a good time to sell :-)
It beats any of my other investments, understanding it is higher risk, but part of portfolio.
The DR property would be a property to enjoy, more than drive a return so my bar is lower. But I suppose it should not be. Opportunity cost of the money, and this same money invested elsewhere can pay for the hard and soft cost of renting.
The soft benefits of having your own place, dishes, furniture, comforts is what appeals the most and there is a value to this. But again, I guess we can just rent a higher end place.
Jan 15th, 2019 9:16 am
Jan 15th, 2019 9:41 am
Jan 17th, 2019 12:20 pm
Jan 17th, 2019 11:31 pm