Sea Shore Properties

Last activity 04 September 2023 by gainkeeper

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ondamiContributor28 August 2023 00:31:00

133

Hola amigos!

Although my partner and I are not moving to DR until about 2026, we are thinking of buying a condo as an investment property. Has anybody done this so far? We were thinking about Sea Shore Properties in Punta Cana.

Gracias!

plannerDominican Republic Expert28 August 2023 11:35:52

17108

My advice is to do a lot of research about investment properties here. If you plan to rent it out in Air BnB or something similar you need to understand how it all works and the location you are selecting.

And do not sign any contract that is not vetted by YOUR lawyer. Make sure you understand every clause.

ddmcgheeDominican Republic Expert28 August 2023 23:30:30

1735

If anyone tells you about unbelievable returns, they are likely not to be believed! Ask for at least high-level reports of gross income, all utilities and other expenses, taxes, annual legal expenses, maintenance, etc.

ondamiContributor29 August 2023 14:51:50

133

Thank you.

gainkeeperActive member04 September 2023 12:15:37

I'm considering buying a beachfront hotel as an investment. Are there any licenses or permits that are required?

snowinpalmActive member04 September 2023 12:31:11

Yes. Several. I'll PM you.

gainkeeperActive member04 September 2023 15:40:03

Thanks so much. I'll anxiously wait for your pm.

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