I think God is about to post something in this thread and it could be renamed: The Truth according to ??? (your choice) about building a house in the D.R. I thought we had enough with the religionsssss thing. What the phoque
- Thread starter frank recktenwald
- Start date
The truth about the real estate in the DR
I think God is about to post something in this thread and it could be renamed: The Truth according to ??? (your choice) about building a house in the D.R. I thought we had enough with the religionsssss thing. What the phoque
Chip,
I wondered why so many on here take exception to you; pitiful is my last word to you, plain pitiful
Chip, I formerly wondered why so many people on this forum were down on you and your "theories," now I understand. Most engineers are trained to think logically, I truly have to wonder where you graduated from
All I can say about your recent post and comments are ; Pitiful and leave it at that, it's like talking to a freaking coconut
hi frank, im new here in the DR in Bavaro Area, Do you buy land, hire a contractor to build the apartment then just flip it? If so, I am interested is it a 4-plex or 6-plex? Who is the general contractor you used? i do have some land here i am interested
pls share some info here.? thank you
pls share some info here.? thank you
Just waiting for your "Panama" pitch anytime now after all the rhetoric...
I've built 4 houses in the DR (north coast) in the last 28 years. I never found anything I had to import. Everything that I used was of good quality (Japanese, Euro, U.S. or local) as I demand.
Though the first time you go after a new and different item it may take some searching because it may be called differently, stocked differently and in an unexpected place compared to your country of origin.
DR has for years been the largest economy in the Caribbean basin (taking petroleum out of Venezuela). Don't let its social and civic underdevelopment fool you. Everything is here.
Hi Diosabella, I was never involved in the building process of the projects so I'm sorry I can't help you out there.
That's correct and it makes the DR one of the larger sex tourism destinations in the world. Unfortunately it doesn't help the DR women's reputation though. Are you starting to promote this now too? :disappoin
Ok, well that's totally off topic.
Let's get back to "most if not all building materials can be found locally," and pick it up from there.
Well Frank I work in the real estate market in the juan dolio area and I can honeslty say that the last two apartments that I sold in Marbella in the month of May were purchased by foreigners, one from Spain that pays 275,000USD for a 2 bedrooms 120 MT2 and the other buyer was from the USA Orlando florida and he paid 425,000USD for a 3 bedrooms 195 MT2. I am getting lots of clients from the USA, Canada, the UK, Spain and South America. So please like one say do your home work before buying something.
Can you imagine the hundreds of pictures if he was? Sorry, back to building materials and experiences. I been involved in several construction projects. My advice, never leave the site.
Since your mind is in the gutter on this on reference to DR women!
Nice girls = Whores for you in the DR?
hi tao,my name is diosabella,
can you pls share some info on your real estate investment ideas, construction companies? Im in real estate but new here in bavaro, any advise on flipping 5-7 apartments a year thank you diosabella
can you pls share some info on your real estate investment ideas, construction companies? Im in real estate but new here in bavaro, any advise on flipping 5-7 apartments a year thank you diosabella
Flip/Flop
Yeah,
Great idea if you can get the buyers!
In that case I would go for more = profit margin
Yeah,
Great idea if you can get the buyers!
In that case I would go for more = profit margin
We built a few places here in the Dominican Republic, the most complicated of which we built in 2001 when street power was only a rumor at best. We learned a lot of things in these projects and "never leaving the site" is likely to be one of the top ones. I've seen others who have built less impressive edifices than mine who spent 5x what I did because they did not keep their eyes on the construction and personnel. I cannot emphasize this enough!
New Topic: I hope not everyone is looking for "highest margin" in selling real estate. I have seen some horribly unfair things here by those using that rationale. Such as selling a property for $12/m2 when the seller was asking $7/m2. Guess where the difference went??? If it was 4000 meters it's an ouch but this was over 127000 meters...nearly financial rape on both sides! A fair margin (or fair commission) is not argued because everyone needs to make a living but what I've seen here makes my skin crawl.
New Topic: I hope not everyone is looking for "highest margin" in selling real estate. I have seen some horribly unfair things here by those using that rationale. Such as selling a property for $12/m2 when the seller was asking $7/m2. Guess where the difference went??? If it was 4000 meters it's an ouch but this was over 127000 meters...nearly financial rape on both sides! A fair margin (or fair commission) is not argued because everyone needs to make a living but what I've seen here makes my skin crawl.
85,000,000 baby boomers retiring starting now. Many live 3-5 hours away by plane. The DR is still half the price of any other island and it offers a real economy. Most of the food is grown here. The small islands import it all and that costs. You can buy a condo here starting at $30,000 with a monthly fee of $80. Try that anywhere else. There are many who cannot afford to retire in their own countries but life real well here. Medical is $550 a year for a couple in their fifties. That covers a lot, a large USA company. In the USA that would be $12,000 a year. So while there are always scams around (as in every country) there are also good deals.
True, I've lived here for 11 years because I truly enjoy it. But you really need to look behind the numbers to the reality of how things are implemented. Lots is lost in the details. Understand where you are investing and what you are investing in. Know it well. Don't believe a single source...double and triple check.