Buying small hotel in Sosua - Page 8

bertgilbert · #71 11-14-2005, 06:03 PM

Quote:

Originally Posted by Anna Coniglio

I nominate this the funniest thread of 2005. I'll go find the right thread

Me to, is there a list somewhere with to top 5 funniest thread's, this one is for sure in the top 3

HOWMAR · #72 11-14-2005, 06:05 PM

Quote:

Originally Posted by pimentel

It`s a great pleasure to submit you the information of tranding floor facilities for you development your project in Dominican Republic.
by the way,try to call me because right now i have a contact with many loan facilities as advicer and consultant for tourism areas.
Best regards.
Félix Pimentel

And the band plays on.............

AnnaC · #73 11-14-2005, 06:12 PM

Quote:

Originally Posted by bertgilbert

Me to, is there a list somewhere with to top 5 funniest thread's, this one is for sure in the top 3

Nominations go here

http://www.dr1.com/forums/showthread...344#post341344

MMella · #74 11-15-2005, 11:00 AM

Gable,

Look at all the postings and with that alone you are able to ponder what your alternatives are. Don't do it!!! That is by far my advice. It is indeed bloodcurdling to see how people can go ahead and offer you financial solutions being well conscious that it is a no win circumstance for you and of course divergent for them.

Nevertheless, we do have to state that up to a certain point that is their jobs if they are implicated with the financing institution. They do get their commissions off of this.

Anyhow, I'm don't have the intent to make an issue and a personal debate out of this observation because I do think that if your a professional and fall into such a keen state of affairs your not such a prof........,

let me not even go there. I owe whom ever respect.

Gable, you do indeed have good intentions. You’re looking for prosperity as we all do, but currently you’re standing in a spot that has nothing to your advantage and that promises you lots of expenditures, very little revenues and a debt that must be complied with. Think about everything before you endure in such a venture.

Jeannie Pons · #75 11-17-2005, 06:05 AM

I started to study this thread as I have also considered buying a Hotel in Sosua.

My thnxs to all - my guess is that you are mostly sons and daughters of the USA?

You have put me off my ideas - but I have to compliment you all on your Homer Simpsonesque humour.

It has been great to follow.

Good ol USA.

Thnxs

joecanada · #76 11-17-2005, 09:46 AM

Hi Jeannie,

Don't be completely misled -- the majority of people on most forums are quick to tell you how dumb an idea is and how it will never work. Note that the original poster had no money to buy with, no experience in the country, no one to trust down here, and no intention of spending any time here. Recipe for failure if I ever saw one.

That being said, someone with reasonable business acumen, a will to work hard, and financing in place can pick up a few good deals in town and do very well with them. There are a lot of properties around where the owner is simply burned out and ready to either move on or retire. Often parents will have come down here but their kids don't want to take over the business -- what're the parents to do when they're ready to move on? These types of business will go for less than their 'actual' value simply because the owner wants out.

Then again, if you've dropped the idea just because of what you've read on a board from a bunch of strangers, well-intentioned or not, it's probably for the best you don't invest. There are a lot more bumps on the road to business prosperity than you'll find on a board and you have to be prepared to stick it out.

How suited are you to the business? How good is the deal? How hard are you prepared to work and how much do you reasonably expect to make?

best of luck with whatever you decide!

joe

R. Charles · #77 11-30-2005, 06:13 PM

My first post.

Greetings to all.

In my early career, I started many businesses with the sole intent to sell.

My first thought when I think of a forign land is fully understanding the legal, accounting and general business practices.

Starting a business is as much mental and physical and financial......you really need what it takes to get over the rough times during start up. Can you financially and mentally handle the weeks or months you don't cover your cost base?

I would agree with other posters that unless you are on the island, created a solid base of professionals (bank, legal, accounting, real estate), have overcome the shock of being a transplant, you then CAN be successful.

Write your business plan carefully, ask more questions than you feel are necessary, THEN do more homework.

Looking forward to your comments.

R.Charles.

Conchman · #78 11-30-2005, 08:45 PM

Quote:

Originally Posted by joecanada

Hi Jeannie,

Don't be completely misled -- the majority of people on most forums are quick to tell you how dumb an idea is and how it will never work. Note that the original poster had no money to buy with, no experience in the country, no one to trust down here, and no intention of spending any time here. Recipe for failure if I ever saw one.

That being said, someone with reasonable business acumen, a will to work hard, and financing in place can pick up a few good deals in town and do very well with them. There are a lot of properties around where the owner is simply burned out and ready to either move on or retire. Often parents will have come down here but their kids don't want to take over the business -- what're the parents to do when they're ready to move on? These types of business will go for less than their 'actual' value simply because the owner wants out.

Then again, if you've dropped the idea just because of what you've read on a board from a bunch of strangers, well-intentioned or not, it's probably for the best you don't invest. There are a lot more bumps on the road to business prosperity than you'll find on a board and you have to be prepared to stick it out.

How suited are you to the business? How good is the deal? How hard are you prepared to work and how much do you reasonably expect to make?

best of luck with whatever you decide!

joe

good post, totally agree

rellosk · #79 11-30-2005, 11:25 PM

Quote:

Originally Posted by Conchman

good post, totally agree

Take away Joecanada's first sentence and I also totally agree what he said.

rellosk · #80 11-30-2005, 11:29 PM

R.Charles, greetings and welcome to DR1. Most people usually ask a question in their first post, you actually provided some sound advice.