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Thread: Anyone familiar with a community in Verón PC Ciudad del Sol?

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    Default Anyone familiar with a community in Verón PC Ciudad del Sol?

         Hey guys! I would like to know if anyone has any info in an area known as Ciudad del Sol in Verón Punta Cana? It is a community similar to Pueblo Bavaro, but much newer and cleaner.  I'm interested in perhaps purchasing an apartment in the community, but seen as how Pueblo Bavaro started off as a great community and later on detiorated somewhat, I'm skeptical of investing in real estate in D.R. The constant scams and corruptions Cases I read about in the local newspapers does not excite me about investing.

           I figured the forum would be a good place to get advice.  As an American I like to be thorough about investing my money, which seems to be not a good trait surprisingly to my Dominican girlfriend, she says I need to much before investing.  When did doing your homework become such a bad thing? I simply explained to her that making an informed desicion is the good old American away in order to avoid the old: A fool and his money shall soon part! There is also land plots for sale for about $5,000 to 10,000 U.S. In another undeveloped area in Bavaro which she says she could probably get financing for, but wants me to invest with her.  She says that on a $5,000 plot, financing would work out to be about $150.00 U.S. Monthly for 8 years, but seen that we are not married and she would be the one qualifying for the financing, how would I fit into this deal if we decide to purchase together?
          I don't want to be on the hook for something that if we break up or loses her job will come back to bite me or completely pay for and then have to share.  We have been together 5 years, but simply don't feel comfortable doing these types of deals when there are so many unknowns. Any advice or info would be appreciated.

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    Quote Originally Posted by Superpana View Post
         Hey guys! I would like to know if anyone has any info in an area known as Ciudad del Sol in Verón Punta Cana? It is a community similar to Pueblo Bavaro, but much newer and cleaner.  I'm interested in perhaps purchasing an apartment in the community, but seen as how Pueblo Bavaro started off as a great community and later on detiorated somewhat, I'm skeptical of investing in real estate in D.R. The constant scams and corruptions Cases I read about in the local newspapers does not excite me about investing.

           I figured the forum would be a good place to get advice.  As an American I like to be thorough about investing my money, which seems to be not a good trait surprisingly to my Dominican girlfriend, she says I need to much before investing.  When did doing your homework become such a bad thing? I simply explained to her that making an informed desicion is the good old American away in order to avoid the old: A fool and his money shall soon part! There is also land plots for sale for about $5,000 to 10,000 U.S. In another undeveloped area in Bavaro which she says she could probably get financing for, but wants me to invest with her.  She says that on a $5,000 plot, financing would work out to be about $150.00 U.S. Monthly for 8 years, but seen that we are not married and she would be the one qualifying for the financing, how would I fit into this deal if we decide to purchase together?
          I don't want to be on the hook for something that if we break up or loses her job will come back to bite me or completely pay for and then have to share.  We have been together 5 years, but simply don't feel comfortable doing these types of deals when there are so many unknowns. Any advice or info would be appreciated.

    Run while you can, others will chime in and explain!

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    Quote Originally Posted by Peterj View Post
    Run while you can, others will chime in and explain!
    i second the emotion. it would take the rest of the year to explain why this is a really, really, bad idea.

    there is a 1 in 10 million chance it will turn out well.

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    Quote Originally Posted by Superpana View Post
         Hey guys! I would like to know if anyone has any info in an area known as Ciudad del Sol in Verón Punta Cana? It is a community similar to Pueblo Bavaro, but much newer and cleaner.  I'm interested in perhaps purchasing an apartment in the community, but seen as how Pueblo Bavaro started off as a great community and later on detiorated somewhat, I'm skeptical of investing in real estate in D.R. The constant scams and corruptions Cases I read about in the local newspapers does not excite me about investing.

           I figured the forum would be a good place to get advice.  As an American I like to be thorough about investing my money, which seems to be not a good trait surprisingly to my Dominican girlfriend, she says I need to much before investing.  When did doing your homework become such a bad thing? I simply explained to her that making an informed desicion is the good old American away in order to avoid the old: A fool and his money shall soon part! There is also land plots for sale for about $5,000 to 10,000 U.S. In another undeveloped area in Bavaro which she says she could probably get financing for, but wants me to invest with her.  She says that on a $5,000 plot, financing would work out to be about $150.00 U.S. Monthly for 8 years, but seen that we are not married and she would be the one qualifying for the financing, how would I fit into this deal if we decide to purchase together?
          I don't want to be on the hook for something that if we break up or loses her job will come back to bite me or completely pay for and then have to share.  We have been together 5 years, but simply don't feel comfortable doing these types of deals when there are so many unknowns. Any advice or info would be appreciated.
    Are you crazy or just dumb? Of course she would like you to invest in property and include her name on it. She can then give you the boot and take the property. Do not invest with her and have her name on the title. It will create a legal nightmare for you. If you have the impression that she wants you to dive head first into this than that should tell you she has bigger plans which probably don't include you. Five years should give you an exact idea of what type of person she is but it sounds like you are unsure. That is not good. You are not in the DR and buying a plot of land is really a worthless idea, especially if it is located in an undeveloped area is not a good idea. Are you living in the DR or are you in the States? Many unanswered questions?

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    It is a good thing you are asking on the forum as part of your due diligence. That old saying you quoted about a fool and his money soon parted is truer in the DR than in any other country I have been. Other members here will give you more specific advice. Please listen and continue to be diligent before committing to anything.

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    Ciudad del Sol is right smack in the middle of Veron. Veron is where you'll find some of the poorest people in the area as well as most of the criminals (not saying it's rampant but that's where they usually catch the bands). It's also an area with a lot of uncontrolled traffic. Veron and Hoyo de Friusa are probably the last 2 places I would chose to live in in this area. If you're really looking to buy in this area, I would suggest Ciudad La Palma.

    Sent from my SM-G800M using Tapatalk

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    When I was in Higuey in April, the landlord of the apartment building I stayed at told me that the only safe place for money in LRD is in apartments. He bought that lot and built a three story apartment on it, and was looking to do it again. Many of the tenants had relatives from El Seibo and points west sleeping in the kitchen while they were working a hitch in Punta Cana. Being as how Verón is much closer to the beach than Higuey, I would expect that apartments there might be a good investment also. If you want to do that kind of work.

    As far as the girlfriend is concerned I’m not so sure. You’ve been with her five years, but not married. There must be a reason for that. A better idea than investing in real estate with her jointly would be to just give her the money she needs for the down payment, and see what happens. If she buys and improves a lot, and she still wants you, she might be a keeper. If not. Well that’s up to you, but you just got some very valuable information very cheaply. Just let her know up front that you're not going to be paying for the improvements.

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    When you say you've been together for five years, does that mean you live here with her all that time?  Or do you live elsewhere and visit?

      Either way, please heed the excellent advice you've been given. 




    Super Moderator
    DR1.com

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    Earth to Superpana run for the hills she is setting you up. further more you can put the land in your name... kick this lady to the curb.. she is malo...

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    To the OP: ask yourself, "what would ccccccc say"
    I think, run.

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