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  1. #1
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    Default Buying property $120,000 ?? close to diving locations

    I am looking leaving England and buying a place in Dom Rep, I am hoping to work as a diving instructor although I have not looked into the work side as I have just qualified, we have around $120,000 to invest, do i have to buy up north if so, if i bought say out of the town area, 30 min ride to work what kind of property could i get, apartment, detached property ???? Help, too broke to come over and look at the moment !!!





  2. #2
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    Default You Are "AT LEAST" A Year Away From Needing To Ask Those Questions!

    First you need to live here for six months to see what you think about living here.You need to see if you CAN get a job,and how much it pays.Can you live on what you make? Buying a property is the very last thing you need to think about!!!Rent where you want to live.Leave your money in England,it is a good place to be able to go back to if needed!
    The DR is expensive! It is not a "Tropical Paradise" where you can live on the beach and pick fruit to live!

  3. #3
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    Default

    Too broke to come & look but prepared to sink $120,000 in a property? That could be a recipe for becoming even more broke........I don't want to be unkind, but you have to do your homework. Look around, talk to people who live here etc. The advise as always would be to rent first, take your time, make sure this country is for you....it isn't for everyone. I, too, am a Brit. & we moved here over 12 years ago & love it, but I can think of an awful lot of people who came.......and went.
    Yes, you can get properties for the amount you identified & certainly properties will be cheaper away from the tourist areas. But if you want to live inland in a more 'no gringo' setting........how much do you know about this sort of lifestyle? Do you speak Spanish? Have you in fact visited the DR before?

  4. #4
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    Unhappy

    Quote Originally Posted by Lambada
    Too broke to come & look but prepared to sink $120,000 in a property? That could be a recipe for becoming even more broke........I don't want to be unkind, but you have to do your homework. Look around, talk to people who live here etc. The advise as always would be to rent first, take your time, make sure this country is for you....it isn't for everyone. I, too, am a Brit. & we moved here over 12 years ago & love it, but I can think of an awful lot of people who came.......and went.
    Yes, you can get properties for the amount you identified & certainly properties will be cheaper away from the tourist areas. But if you want to live inland in a more 'no gringo' setting........how much do you know about this sort of lifestyle? Do you speak Spanish? Have you in fact visited the DR before?
    thanks for reply, I have been looking for a place to live for a few years, spent 6 months in France, 6 months in S.Africa and 8 months in Thailand. I know i will have to come out to DR but just haven't got the finances after coming back from Thailand a month ago, I am taking spanish lessons as my mother in law speaks fluent spanish, i appreciate you have to live somewhere before I 'sold up'. This website has got me hooked and i haven't been to DR yet ! It was my first question i've asked and didn't really expect an answer ! pipe dreams at the moment.. chucked a few questions and see what happened ??
    Love to live in a detached property, no mortgage and a diving job... we can but dream.... thanks for the reply, love to hear some advice from you..
    malc

  5. #5
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    Default Totally do-able

    another Brit here, what you suggest is absolutely do-able.

    get your butt on a Thomson cheapy flight and check it all out.

  6. #6
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    Default

    Malcolm,

    Look in the Real Estate section, Plenty of places for under $120,000

    Just don't expect your 'dream place in the sun', they START a lot higher.

    When we were looking, 100k could have got us a luxury 1bd apartment but with a view of next doors roof or a perfectly located but pokey place. ie for that budget there will be a compomise somewhere, ... it depends what you are used to.

    AS GSUK said Get yourself on that plane, then get out and about
    You really can't visualise the DR from a website (at least I could'nt)


    I'd imagine getting a job that pays well enough would be the biggest problem.
    (I if could figure that one out I'd be doing it!)

    Luke

  7. #7
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    Cool Sunset over the car park....

    Cheers mate for the reply,

    i've just emailed a PADI centre in Sosua where an english guy has been working for a year.... see what happens,

    Its snowing at the moment....nice.

    I've got the most fantastic view from my office watching the sun set over the car park and railway lines.

    inspiring.

    Malc

  8. #8
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    Default

    This is not the paradise one may think it is to operate a business.

    When you set up a tourist oriented business you need a money reserve to pay off all legal, semi-legal, and pay-offs for the permits you require. Then depending on the government bureacracy for the beach area you may have to pay a commission to the dive company that has rights operate in that whole tourist zone. You pay rent and a commission to the owner of the beach from where you operate. You pay a commission to any official that approaches you. You pay, pay, pay, pay.

    I have an aquaintance who had a dive operation here. He started off well with promise. But, now because of his own mismanagment and aggrevated by the commission system he is now basically bankrupt, just the house is left, and that may go soon. To pay off all his debts and favors, he sold out everything, equipment, and truck. Sad story but true.

    Visit the island, work with a dive shop to get a feel for the place. Then, decide what you want to do with the $120,000.

    Regards,
    PJT

  9. #9
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    Wink

    thanks for advice,

    catch 22 sometimes, a lot safer to set up a business in UK with the tight regulations but thats the reason i want to leave ! and who wants to go diving off Brighton pier at -2 degrees in the summer, dodging all sorts of floating things ?

    It's a shame it's so complicated to live a chilled, little lazy existance in paradise. Anything for an easy life.

    malc

  10. #10
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    Default

    New people frequently don't find life 'easy' here.......they find it 'different'. There are stress levels here..........PJT identifies some in relation to setting up a business. There are others......dealing with Dominican bureaucracy, for example.
    So, any rose tinted perceptions need to be removed, & as we all say, check it out for yourself, in person, meet expats out here, believe only a quarter of what we all tell you, check it out again, err on the side of caution & never sink your nest egg in a property unless you are convinced this is the country for you.

    I understand you want to reach out to those of us who have done it, & that's fine. But it is a lot better face to face, when you can make your own judgements as to what you're being told.

    I now do find life easy out here........but it has taken me 12 years to amass enough know how as to how things operate. And I'm a retired person so not looking for a job, although I have worked here in the past.

    As before, do a cheapy last minute booking, get out & about, & ask, ask, ask.
    And good luck with your dream.

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