I have the chance to buy a little house in POP, close to Caribe Tours or S. Messon, or for those more familiar with the area: About 30 meters uphill from the "Puente de Guinea".
It was built 5 years ago by dominicans, has about 60-70m? over two floors. A living room and "kitchen" downstairs, two bedrooms, bathroom and a small living area upstairs. Tinroof covered with cheap wooden boards on the inside, but no water coming in through the roof. Price so far US$10.000 could go down to $8.000 I guess.
Since I don't need it for myself at the moment, I was thinking about buying it, have some things improved, like security, nicer bathroom and kitchen, water&electricity supply secured etc for about $2.000-4.000.
Once this is all done, I was thinking about renting it for $20/day, $100/week, $250/month, promoting it over the internet. What I'm aiming at is having an average of $200+ income and on top having a place where friends could occasionally stay, or even myself, in case I feel like spending the weekend in POP or my dominicana is in her bad mood again :hurt: .
My question is: Do you think there's enough people who could be interested in renting a nice little house in that area for these rates?
I guess I would have been happy about such an offer, when I first came here 10 years ago.
There should be more people being interested in seeing POP citylife and not only AI resorts, I guess. Or am I completely wrong here?
Btw, since garbage has become such a big issue on this board today, I will check this situation there. I forgot this completely.....
It was built 5 years ago by dominicans, has about 60-70m? over two floors. A living room and "kitchen" downstairs, two bedrooms, bathroom and a small living area upstairs. Tinroof covered with cheap wooden boards on the inside, but no water coming in through the roof. Price so far US$10.000 could go down to $8.000 I guess.
Since I don't need it for myself at the moment, I was thinking about buying it, have some things improved, like security, nicer bathroom and kitchen, water&electricity supply secured etc for about $2.000-4.000.
Once this is all done, I was thinking about renting it for $20/day, $100/week, $250/month, promoting it over the internet. What I'm aiming at is having an average of $200+ income and on top having a place where friends could occasionally stay, or even myself, in case I feel like spending the weekend in POP or my dominicana is in her bad mood again :hurt: .
My question is: Do you think there's enough people who could be interested in renting a nice little house in that area for these rates?
I guess I would have been happy about such an offer, when I first came here 10 years ago.
There should be more people being interested in seeing POP citylife and not only AI resorts, I guess. Or am I completely wrong here?
Btw, since garbage has become such a big issue on this board today, I will check this situation there. I forgot this completely.....
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