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drummerdave
Guest
Hi all.
I've been eyeing a property in Costambar, but everything I read about buying RE in DR is Buyer Beware because it's the wild west: Trust no-one including the realtor, your lawyer, etc. So I am trying to be very cautious.
Everything I've read on Costambar has been very positive. Do you have different views? VRBO and AirBNB show rental rates that seem promising, though they dont give you info on occupancy rates. Do you have any opinions on that area?
In essence, the property is a multi-unit building that I would like to use for rental income as well as staying there when I come down. I'd need to use a property management company. All that said, I'd like a local to inspect the property well to see what hidden issues it might have. But it appears there is no such thing as an inspector I could hire to do that. So how do you guys handle that type of thing? Where do you find someone who is local, and who you can trust to give you info you need so as to not get screwed?
Also, I would have to buy at least some furniture for the units as they are sparsely furnished. What are furniture costs like in the DR as compared to the US? As for US standards, let's use something like Ashley furniture for reference - not designer. I've heard it both ways, that it is more expensive, and that it is cheaper, so I dont know what to think.
Thanks for any insight you might be able to provide!
I've been eyeing a property in Costambar, but everything I read about buying RE in DR is Buyer Beware because it's the wild west: Trust no-one including the realtor, your lawyer, etc. So I am trying to be very cautious.
Everything I've read on Costambar has been very positive. Do you have different views? VRBO and AirBNB show rental rates that seem promising, though they dont give you info on occupancy rates. Do you have any opinions on that area?
In essence, the property is a multi-unit building that I would like to use for rental income as well as staying there when I come down. I'd need to use a property management company. All that said, I'd like a local to inspect the property well to see what hidden issues it might have. But it appears there is no such thing as an inspector I could hire to do that. So how do you guys handle that type of thing? Where do you find someone who is local, and who you can trust to give you info you need so as to not get screwed?
Also, I would have to buy at least some furniture for the units as they are sparsely furnished. What are furniture costs like in the DR as compared to the US? As for US standards, let's use something like Ashley furniture for reference - not designer. I've heard it both ways, that it is more expensive, and that it is cheaper, so I dont know what to think.
Thanks for any insight you might be able to provide!