Cheap investment properties

[sweetdbt]

I certainly did not say research should not be done johne, but last I checked the interest rates I stated are accurate, and I would challenge you to find one post on DR1 from anyone who has had a problem investing in either of the 2 places I mentioned. I certainly don't recall any.

Of course if you were foolish enough to put your entire life savings in peso accounts, a major devaluation in the peso could be disastrous. If a similar amount is invested in dollars or euros, changes in the exchange rate in either direction will be offset.

It is a simple fact that an apartment building comes with ongoing maintenance and marketing expenses (to say nothing of headaches). Empty units don't generate revenue; buildings that aren't maintained aren't going to stay occupied, and if you need the money for something else it could take years to sell.

[johne]

Originally Posted by sweetdbt

I certainly did not say research should not be done johne, but last I checked the interest rates I stated are accurate, and I would challenge you to find one post on DR1 from anyone who has had a problem investing in either of the 2 places I mentioned. I certainly don't recall any.

Of course if you were foolish enough to put your entire life savings in peso accounts, a major devaluation in the peso could be disastrous. If a similar amount is invested in dollars or euros, changes in the exchange rate in either direction will be offset.

It is a simple fact that an apartment building comes with ongoing maintenance and marketing expenses (to say nothing of headaches). Empty units don't generate revenue; buildings that aren't maintained aren't going to stay occupied, and if you need the money for something else it could take years to sell.

Go for it. Do whatever ytou think is good for you and yours.
Good luck
JOHN

[GringoCArlos]

Investing in Banco Central certificates around election time might be one of the riskier options I can think of. Who knows what can happen once Leonel is reelected, and who knows who he will appoint to run things once August 16 comes around as well. Maybe he will make Diandino the head of Banco Central, and he would pull a "Metro" or a "Bernanke" on Banco Central.

Who knows? At this moment, I wouldn't think of doing that with my money.

[johne]

Originally Posted by GringoCArlos

Investing in Banco Central certificates around election time might be one of the riskier options I can think of. Who knows what can happen once Leonel is reelected, and who knows who he will appoint to run things once August 16 comes around as well. Maybe he will make Diandino the head of Banco Central, and he would pull a "Metro" or a "Bernanke" on Banco Central.

Who knows? At this moment, I wouldn't think of doing that with my money.

Ageed.But as an alternative you can play red or black at the casino.

[STEVE G.]

Not investing in DR = giving the opportunity to others to invest in DR

[Lambada]

Originally Posted by STEVE G.

Not investing in DR = giving the opportunity to others to invest in DR

Might I enquire where you studied logic? It isn't as if there's exactly a shortage of properties for sale in the DR.........

The hype about 'missing out' which is used oft & in bright letters for those who prefer comics on advertising blurb is what fuels a lot of the emails I get from people wanting to move here. 'Shouldn't I buy now? won't I miss out?' It both demonstrates an insufficient knowledge base of the subject, the property market in DR & themselves as to whether the country will be right for them. And the answer as always is 'Take your time, do thorough homework, know the subject & its vicissitudes, know the market you are dealing with'.

If people know what they are doing, then fine. But please let's not muddy the waters with the 'missing out' routine. It only works with the very stupid. Unfortunately, there are a few around..................

[STEVE G.]

Originally Posted by Lambada

Might I enquire where you studied logic? It isn't as if there's exactly a shortage of properties for sale in the DR... But please let's not muddy the waters with the 'missing out' routine. It only works with the very stupid....

Way too funny Lambada ... sounds like I have an agenda to sell some condos ?! ... if you only knew ... just to funny how some DR1 Members become very defensive on the subject ... very funny
BTW the guy was asking opinion on ''to buy a cheap apartment in this country and having the rental income'' and ''is currently living and working for an indefinite amount of time in the DR, in Santo Domingo... and has some money in a bank account back at home '' ... what a big deal , come on guys ... don't kill his dream

[STEVE G.]

A friend of mine , married to Dominican many years ago was introduced to buy a small hotel on the beach , even that time it was a great deal , but like always there were a lot of ''friends and family'' telling him not to do it , something like '' Are you crazy to buy in DR !? etc... just usual staff ... you know ... Years later he came back as a guest at the Resort now ( it was remodeled , rebuilt and became a 500+ rooms property ... nice beach front ) , successful many years business , never empty , worth a lot of $$$ now ... So my friend told me after all this years : " I think I should buy it then , I think I lost a chance '' , '' No you just gave the opportunity to someone else '' I told him ... that's all is about ... very simple

[johne]

Originally Posted by Lambada

If people know what they are doing, then fine. But please let's not muddy the waters with the 'missing out' routine. It only works with the very stupid. Unfortunately, there are a few around..................

"Muddy waters"? NO-the expression is "Steve, your logic is as clear as mud"

[STEVE G.]

Originally Posted by johne

"Muddy waters"? NO-the expression is "Steve, your logic is as clear as mud"

Originally Posted by STEVE G.

... just to funny how some DR1 Members become very defensive on the subject ... very funny

Just another example ...