To those who have had the experience or to those who may know,
How wise, if wise at all would it be for a non Dominican resident who visits a few times a year to purchase a home or condo in the DR.
Home would be used initally as rental property with the long term goal of personal use.
Are there management services that will rent, collect rents and provide maintence for tenants? If so are the reputable?
If legal issues arise such as non payment of rent is it a long drawn out procedure that would require an attorney to resolve?
Can the property be confiscated by the government or anyone else for any reasons?
And what areas of the Dominican Republic do you think have the potential for the greatest appreciation if any?
Any preferences to homes or condos and why?
Thanks GNYC
How wise, if wise at all would it be for a non Dominican resident who visits a few times a year to purchase a home or condo in the DR.
Home would be used initally as rental property with the long term goal of personal use.
Are there management services that will rent, collect rents and provide maintence for tenants? If so are the reputable?
If legal issues arise such as non payment of rent is it a long drawn out procedure that would require an attorney to resolve?
Can the property be confiscated by the government or anyone else for any reasons?
And what areas of the Dominican Republic do you think have the potential for the greatest appreciation if any?
Any preferences to homes or condos and why?
Thanks GNYC