Purchase real estate

hooligan202

New member
Feb 13, 2004
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I am looking into purchasing a small hotel in Cabarete, and providing adventure trips to that area for groupe of upto 20. I will be providing accommodation along with activities and transportation.
My main area of marketing will be to 18- 40 year olds in the eastern part of the United States.
My question's are
Do you think this is a good time because of the ecconomy to start this and can you give me advise as to financing part of the real estate purchase through a Dominican bank.
 

Ken

Platinum
Jan 1, 2002
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Avoid financing through a Dominican bank. You can get better rates from the Mafia in the US.

The idea sounds very interesting and could be successful, but look for your financing elsewhere.
 

hooligan202

New member
Feb 13, 2004
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Financing

Ken said:
Avoid financing through a Dominican bank. You can get better rates from the Mafia in the US.

The idea sounds very interesting and could be successful, but look for your financing elsewhere.

Will US banks lend on dominican property?