- Thread starter indiana16
- Start date
about profitable businesses in DR
I would say that banking is the most profitable business in the DR.
Can you start a small business with RD$500,000? Of course, even with much less. DR1 was started with much less. It comes down to finding a product or service for which there is a market demand. Start small, keep overheads to a minimum. Consider this market is subject to ups and downs so you need to stay flexible.
Can you start a small business with RD$500,000? Of course, even with much less. DR1 was started with much less. It comes down to finding a product or service for which there is a market demand. Start small, keep overheads to a minimum. Consider this market is subject to ups and downs so you need to stay flexible.
Write me to businesspromoter@wrv.com.do to make you a presentation when you arrive and explore options.
wrv
wrv
Real estate?
Seems to me that investing in any kind of property would be the way to go. It's relatively safe & has the potential for explosive growth.
I've seen (in the INTERNET) buildings for sale in downtown Santiago that were reasonably priced. -around $40k,US. for a 3 story bldg.- There could be a "catch" so you must check for structural damage, leans, unclear title, etc. ...or perhaps buying a condo and turning it into time-share, would also be something to consider.....Or,how about buying or building a large enough house with extra rooms to accommodate tourists? IE, a "bed & breakfast"?
If the location is right (no slum areas) you could generate enough income to keep you in beer money for the rest of your life & with minimal effort.
Also remember that real state always appreciates in value so not only will you make $$ off of it today, you'll get many times what you paid for in years ahead.
As in any business venture, you MUST balance potential income with real & probable liabilities. If after calculations you're still in the black, go for it.
Seems to me that investing in any kind of property would be the way to go. It's relatively safe & has the potential for explosive growth.
I've seen (in the INTERNET) buildings for sale in downtown Santiago that were reasonably priced. -around $40k,US. for a 3 story bldg.- There could be a "catch" so you must check for structural damage, leans, unclear title, etc. ...or perhaps buying a condo and turning it into time-share, would also be something to consider.....Or,how about buying or building a large enough house with extra rooms to accommodate tourists? IE, a "bed & breakfast"?
If the location is right (no slum areas) you could generate enough income to keep you in beer money for the rest of your life & with minimal effort.
Also remember that real state always appreciates in value so not only will you make $$ off of it today, you'll get many times what you paid for in years ahead.
As in any business venture, you MUST balance potential income with real & probable liabilities. If after calculations you're still in the black, go for it.
True enough rellosk......
....not much, but can you not, at least, buy a condo?
$500kDR, translates to $14,285US @ 35x1; Does a 1br. condo costs that much in Santiago? If so, perhaps a business partner would be in order. Someone that can chip-in another 15k,US?
I've seen, again, in the INTERNET, (Listin Diario) 100 tarea fincas with a finished concrete 3br house in La Cumbre, (about 15 km. north of Santiago) for roughly $45k,US.... Don't know about y'all, to me that's very affordable. A place like that can easily be configured into a nice little inn with whoresback riding for tourists bearing hard currency.
In my humble opinion,real estate investing is, especially if you're catering to the tourism industry, the safest way to go even if you know diddly about it.
rellosk said:
....not much, but can you not, at least, buy a condo?
$500kDR, translates to $14,285US @ 35x1; Does a 1br. condo costs that much in Santiago? If so, perhaps a business partner would be in order. Someone that can chip-in another 15k,US?
I've seen, again, in the INTERNET, (Listin Diario) 100 tarea fincas with a finished concrete 3br house in La Cumbre, (about 15 km. north of Santiago) for roughly $45k,US.... Don't know about y'all, to me that's very affordable. A place like that can easily be configured into a nice little inn with whoresback riding for tourists bearing hard currency.
In my humble opinion,real estate investing is, especially if you're catering to the tourism industry, the safest way to go even if you know diddly about it.
The question would be why would a tourist want to be in the sticks 15 Km from Santiago? Cheap Real Estate can be found anywhere, like in the US $10,000 USD for a townhouse in Balto MD, or $15,000 US for a house in DC. But drive to the address and you'll see it isn't worth even that much. Better have a gun with you too.
There is a surplus of Condos for sale in Sosua and Cabarate, but look at the neighborhood. I think the good deals that were there, are long gone.
There is a surplus of Condos for sale in Sosua and Cabarate, but look at the neighborhood. I think the good deals that were there, are long gone.
I don't understand. In another thread you mention two businesses; one that generates the income you need with only 1/5th the start-up capital. Why not duplicate those businesses?indiana16 said:
indiana16 said:
stay in the US and save up U$30K more, then come to DR with U$45K, take a risk (as you would investing in any business) and put your dollars in the bank and change them to pesos. i hear the current interest rate is @22%, so if you get anywhere in the 20-25% neighborhood, you'll be getting RD30K a month without lifting a finger. risky? yes, but so is any investment.
Don Juan said:
This must be the funniest spelling error ever on DR1.
Sorry Don Juan, I'm not messing with you but "whoresback" riding is really funny in the context of the Dominican Republic..
A
apostropheman
Guest
It should be nominated as funniest spelling mistake in a post, then again, maybe it wasn't a mistake???
A