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Thread: Need advice

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    Default Need advice

    Post denied. New posts are limited by number of URLs it may contain and checked if it doesn't contain forbidden words.

    What are the words?

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    Trying to post a question where is the best place to buy and rent it out until retirement - 10 years?

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    It's because you're a new poster, once your post count enters the teens there will be less restrictions. It's meant to deter spammers.




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    Quote Originally Posted by Buzz65 View Post
    Trying to post a question where is the best place to buy and rent it out until retirement - 10 years?
    If your plan is to buy a free standing house and rent it out you will have major problems. On a previous post you said you have been working in Haiti. If that is the case then you have a deep understanding of security issues. Owning a home and renting it out without living in the DR is a very risky proposition. You will get ripped off. There is little doubt about this. If you buy a property in a complex that has good security than you have a fightling chance.

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    I agree, you can't expect the house to be in any kind of similar shape after 10 years, it will be ruined, robbed, deteriorated, whatever.  Rent until you can live in it and maintain it properly yourself.  I don't care where the house is, nobody here will maintain it like you would want it to be maintained. 

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    Thank you all for the very well articulated replies. And I agree to what was sais about taking care of it and security.

    So, I have to pose the question: What about buying a plot, now, and then waiting until retirement to build structure? Are there squatting laws in DR? Could that be an issue?

    I also have considered something like Casa Linda where they have a rental program, but I don't like the idea of one day living in a place where there are "rental people" in and out of the community. Reminds me of the condos in Miami.

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    Buying a ploy now, and waiting, isn't a bad idea, but I don't see any benefit. If you're worried about prices going up, don't. Prices fluctuate wildly and are based on whimsey and chance.

    Your best bet is to rent, then rent some more, until you find the perfect little gem that you just have to have.

    I rented for three years, back in the US for two, and then I will be returning next fall. I will again rent. My plan is to eventually buy some acres between Sosua and Santiago somewhere and build something. But, then again, I may just rent forever.

    If you're only reason for buying is for equity, then you shouldn't buy.

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     I don't see any benefit in buying a plot now, either. You never know what a particular place is going to be like in 10 years. Just rent and wait.   And unless there is some mass exodus from the US because of some catastrophe prices should not move that much.  You can always keep an eye on prices by visiting the real estate websites and then act accordingly if things start to move fast.

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    Quote Originally Posted by Buzz65 View Post
    Thank you all for the very well articulated replies. And I agree to what was sais about taking care of it and security.

    So, I have to pose the question: What about buying a plot, now, and then waiting until retirement to build structure? Are there squatting laws in DR? Could that be an issue?

    I also have considered something like Casa Linda where they have a rental program, but I don't like the idea of one day living in a place where there are "rental people" in and out of the community. Reminds me of the condos in Miami.
    You will find the problem with renters everywhere. That is the prevalent model in the east anyways. It is a curse and a scourge.

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    Quote Originally Posted by Buzz65 View Post
    Thank you all for the very well articulated replies. And I agree to what was sais about taking care of it and security.

    So, I have to pose the question: What about buying a plot, now, and then waiting until retirement to build structure? Are there squatting laws in DR? Could that be an issue?

    I also have considered something like Casa Linda where they have a rental program, but I don't like the idea of one day living in a place where there are "rental people" in and out of the community. Reminds me of the condos in Miami.
    Save your money. If you buy a plot of land you will probably change your mind over a ten year period and decide you want to move on to another area. Spend time in the DR investigating the area you acutally want to live in. Being in a gated community vs. a free standing home in the middle of nowhere is a better bet. Again, SECURITY, should be your number 1 priority. Many gringos have this dream of living in a house up in the hills with an ocean view which quickly turns into a nightmare when they realize that they are a target of theft and vandalism. Slow down and learn about the DR. I travelled here for over 20 years staying in different areas until I settled on Las Terrenas. There will be plenty of properties available don't make a decision without doing your homework.

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