Hi,
I have found some similar posts about the topic but prefer to start my own:
I am wondering if it is a good idea to purchase a condo in Punta Cana in a managed residence (within 5 minutes walking from the seaside). I go 2-3 times a year in RD but not specifically to Punta Cana.
So question is how realistic I am being as follows :
Idea is :
Residence preferably with private beach. Price below 150K US$ to avoid property tax (is that the exact amount?).
1 or 2 bedroom (not sure if 2 bedroom is possible within that price range).
I don't know the occupation rate but Punta Cana should not be that difficult (even if offer is abundant).
At least 50% occupation - Manged by Company
40% not occupied (to stay realistic..)
10%-15% occupied by myself, friends, family..
Minimum renting 500 US$/week.
Company fees (utilities etc) 80US$/month.
Company commission on renting ?? (no idea how they charge for renting management)
Is it unrealistic wanting the renting to cover part of mortgage? (example purchase 50% cash + 50% mortgage).
thanks for your input.
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