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.
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.