Sosua girls

Author Topic: Investing in Sosua Real Estate  (Read 8195 times)

KeepitTrill

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Re: Investing in Sosua Real Estate
« Reply #15 on: August 14, 2016, 05:47:09 PM »
@MTA2

I decided to buy my Villa last May 2016....it's relatively a smooth purchase. A lot of guys here will have a different experience. I look at it like this.......the prices in Sosua are pretty much average as far as buying. Your paying for location. Sosua has 1 of the best beaches in the country.

High maintenance fees are only applicatible if you are renting. After you are out of the rental program...you can find you locales to clean your crib. Hey don't tell you that....but it's an option for much less. Always ask what you really want to know. Also if you are thinking of retiring there consider a residency there. You will be exempt from import Taxes if you ship anything to the DR and you would be protected within the country as far as Laws. I plan on retiring 2020 and living in the DR so I did all the legwork and found it to be worth it. Let me know if you have any other questions.

You are the man. Thank you for all of your priceless information, I'm also interested in buying at casa linda, any chance we can exchange emails so i can ask questions about the process and down payment required etc?

KeepitTrill

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Re: Investing in Sosua Real Estate
« Reply #16 on: August 18, 2016, 10:43:46 AM »
I wish this thread wouldve done numbers! Great info here

mta2

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Re: Investing in Sosua Real Estate
« Reply #17 on: August 18, 2016, 12:31:01 PM »
@MTA2

I decided to buy my Villa last May 2016....it's relatively a smooth purchase. A lot of guys here will have a different experience. I look at it like this.......the prices in Sosua are pretty much average as far as buying. Your paying for location. Sosua has 1 of the best beaches in the country.

High maintenance fees are only applicatible if you are renting. After you are out of the rental program...you can find you locales to clean your crib. Hey don't tell you that....but it's an option for much less. Always ask what you really want to know. Also if you are thinking of retiring there consider a residency there. You will be exempt from import Taxes if you ship anything to the DR and you would be protected within the country as far as Laws. I plan on retiring 2020 and living in the DR so I did all the legwork and found it to be worth it. Let me know if you have any other questions.

Thank you for your response. Can you please provide information on how you how setup financing for your villa. As far as, did you borrow any from banks here or was it a full cash transaction. I know there are payment schedules setup. Did you build a new villa or bought a pre-owned?

Appreciate the info!
- Ali

KeepitTrill

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Re: Investing in Sosua Real Estate
« Reply #18 on: August 18, 2016, 05:42:31 PM »
@MTA2

I decided to buy my Villa last May 2016....it's relatively a smooth purchase. A lot of guys here will have a different experience. I look at it like this.......the prices in Sosua are pretty much average as far as buying. Your paying for location. Sosua has 1 of the best beaches in the country.

High maintenance fees are only applicatible if you are renting. After you are out of the rental program...you can find you locales to clean your crib. Hey don't tell you that....but it's an option for much less. Always ask what you really want to know. Also if you are thinking of retiring there consider a residency there. You will be exempt from import Taxes if you ship anything to the DR and you would be protected within the country as far as Laws. I plan on retiring 2020 and living in the DR so I did all the legwork and found it to be worth it. Let me know if you have any other questions.

Thank you for your response. Can you please provide information on how you how setup financing for your villa. As far as, did you borrow any from banks here or was it a full cash transaction. I know there are payment schedules setup. Did you build a new villa or bought a pre-owned?

Appreciate the info!

Yes I want to know also! Maybe we can exchange numbers or email and also exchange knowledge

nycstompers

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Re: Investing in Sosua Real Estate
« Reply #19 on: August 18, 2016, 08:28:08 PM »
Casalinda has the rental program......they want 20% down of the price of the Villa.....$15k to hold the Lot. After you give the deposit.....you build.....you can pay cash......have your own loan from your own bank or finance it thru Scotiabank......I took Scotiabank........you also can use the rental income as payment for the loan...however...you do not get paid until after the 1st year so your coming out your pocket until the year is up.....you can pocket between 35k to 50k a year depending on your Villa........the Villa Ultimata is the money generator....

KeepitTrill

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Re: Investing in Sosua Real Estate
« Reply #20 on: August 19, 2016, 08:03:49 AM »
Casalinda has the rental program......they want 20% down of the price of the Villa.....$15k to hold the Lot. After you give the deposit.....you build.....you can pay cash......have your own loan from your own bank or finance it thru Scotiabank......I took Scotiabank........you also can use the rental income as payment for the loan...however...you do not get paid until after the 1st year so your coming out your pocket until the year is up.....you can pocket between 35k to 50k a year depending on your Villa........the Villa Ultimata is the money generator....

The villa Ultima is about $360K, with a 20% deposit and 15K for the lot, you'll be depositing about $87K? Sorry for the noob questions, I'm just really interested in knowing more about the management company at casa linda and the process. Im interested in the entry level villa which is about $120K - would love to buy you a few beers one day we're all down in sosua and pick your brain. I'll be down there Sept 21-26

nycstompers

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Re: Investing in Sosua Real Estate
« Reply #21 on: August 20, 2016, 08:45:36 AM »
I will be in Sosua....October 29th to Nov 6th......

Coldhands

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Re: Investing in Sosua Real Estate
« Reply #22 on: September 28, 2016, 07:00:46 AM »
My opinion casa Linda is rip off ...properties way to close to each other high fees... bought a two bdrm villa June ...150000 us with Hoa fees and gardener slash maintenance guy 150 us month
...realestate took shit kicking in 2008 recession and finally bouncing back.. if your waiting on low point it's now heading back slowly.. so good luck on waiting on low point it's here...

 


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