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Thread: Im thinking of buying a condo. Help!

  1. #11
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    Scotia Bank might be an option to look at for finances if needed but rates are higher than what we are used to. If cash is to be used, ensure your attorney do his/her due diligence's before hand.

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  3. #12
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    Buy nothing. You will NEVAH EVAH flip it. You will be stuck with maintenance and, and, and. Rent. Even when you live here, as a foreigner. Never buy anything here. Never.

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  5. #13
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    That depends ....I hate to rent and started to build my first house here 12 years ago. Now I don't pay rent but receive rents and have a house according to my tast and requirements, and leave something to my daughter. But...maintenance is an issue on the malecon. My brother in law has an appartment in torre veiramar ( next to Crown) and maintenance is a big issue after a couple of years because *of the salitre.

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  7. #14
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    alex if you like the apt. and have lived in it for a number of months and have seen the good and bad of the area .Go for it .
    The one thing I would suggest most is get a good lawyer .I used GUZMAN ARIZA when I bought my place in july and was very happy with them .
    I only use my apt for vacations and at the moment I am very happy withy my choice .I can come and go as I please and I have it furnished to my liking .
    and if you compare it to New York....A BARGAIN

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  9. #15
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    Good luck Alex if you intend to stay long term buying is in most cases a better option but yes as Fulano states the maintenance fee can rise regularly best to find out this first through your legal representation.

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  11. #16
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    Most who discourage buying do so by saying rent first..... buy later.
    You have done that.
    Furthermore , if there are any shortcomings , you will know them by now.

    Save $14,400..... a return of 14.4% annually on $100,000.
    Find me an investment like that and I'll buy it !!

    Sounds good to me.

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  13. #17
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    Quote Originally Posted by Meemselle View Post
    Buy nothing. You will NEVAH EVAH flip it. You will be stuck with maintenance and, and, and. Rent. Even when you live here, as a foreigner. Never buy anything here. Never.
    Generally good advice for this country but one can buy and sell at a profit if one is careful with the selection of location and dwelling. I have managed to sell two properties at a profit.

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  15. #18
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    Quote Originally Posted by alexw View Post
    I have an ocean view, its huge, modern appliances, leather furniture, a california king. its gorgeous. I paid twice as much for a place that isnt as nice back in NY.
    You would pay twice as much in New york, than in most of all the USA. Many people on this site recommend renting for a reason. When you buy, be very careful. .......Doc.........

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  17. #19
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    Quote Originally Posted by william webster View Post
    Most who discourage buying do so by saying rent first..... buy later.
    You have done that.
    Furthermore , if there are any shortcomings , you will know them by now.

    Save $14,400..... a return of 14.4% annually on $100,000.
    Find me an investment like that and I'll buy it !!

    Sounds good to me.

    *To rent or buy is a very personal decision, but that is some very fuzzy "investment" math. A whole lot of variables missing.


    Respectfully,
    Playacaribe2

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  19. #20
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    When I first moved to the USA I rented..... a really nice place.

    I made the classic mistake,
    I fell in love with the hooker..... we still rent, over 20 yrs later.
    I could give you the total spent.... not pretty.

    There comes a time when you fish or cut bait.....
    I missed that time.

    Best of luck and common sense to the OP

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