Should I Buy Land & Build in Dominican Republic? I say WAIT! Here's my reasons...
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- Äas pĆidĂĄn 24. 01. 2022
- www.RealEstateInLasTerrenas.com
Las Terrenas
Dominican Republic đ©đŽ
Love Where You Live!
Want to buy land and build?
Here's why I think you are beat to wait a couple years!
1. The great opportunities
are gone
2. Understand the
culture before
starting ,
3. Understand the
Building process
locally
4. Build a Power Circle
5. Macro environment
throwing you a
curve ball you
cannot control
6. HAVE ENOUGH
to withstand
Problems that
arise
7. PLAY IT SAFE...
Enter market with
preconstruction
Thank you so much for always being so informative. Itâs nice to feel at peace with whatever decision one is trying to make and to be able to learn from you experiences.đ
You STILL will be taken by the locals($$$). đđđ. Even if they smile at you and make you feel like a "friend". Budget for THAT too!đđ.
The TALES I could tell you! And, this is coming from someone who is Dominican!
Please share more here. So long as we keep it positive any information is good information
Thank you!
You're welcome!
Economy is booming in the Dr family itâs perfect time to invest for sure you wonât regret it very nice people too
I completely agree with your thoughts here. It's an emerging market and opportunities are endless for those willing to put in the work
Thank you Kash, very well said and informative. I have thought and I'm considering buying land and then building. I also considered many of your points, but others that you metion I have not. Overall, I think it is sound advice, thank you again.
We have some good options for land that came up if looking for land still. Send me a whatsapp. 15199804002
Iâm From Samana and living in USA. I have been trying to buy and always thereâs a issue with land or property. I have the same idea of build but I decide to buy something small, spend time there, know people, know how the system is, how banks , lawyers, Arquitect, engineers and Construction works. It takes time to build in DR. Spacial in Samana LT. I do construction, from Las Terrenas but I know that I canât build or buy a good opportunity land if I donât spend at least 6 months living there. Hi is telling the truth about how everything works.
If you have plans to build there, you will need to go and spend time there or have strong relationship with locals.
Best thing to do: Buy a pre construction, visit for longest time, meet people (investors) and then you can buy something nice in the perfect area.
I am happy you agree with me. This is my analysis of the market from my personal experiences. I feel the best way into the market is preconstruction. Of coarse any investment is a risk but I personally have experience in this world and feel the risk reward is there for this
Thank you for this video, I had the pleasure of living in the Dominican Republic for half a year and been traveling back and forth there from the US. Next month will be my third time going and this time I we will be visiting Samana. And I was really wanting to get into buying land over there but I donât know what to do! Or how to start. But Iâm glad Iâm watching this video because I had a feeling a lot goes into play with getting land. So this was good advice. Iâll make sure to take my time if I do and research hard in person.
Thanks for watching and supporting the channel. The process can be the same but it needs care to make sure all due diligence are done in advance and done properly. Reach out to me personally so we can chat on this process and I can propose some options. 5195671785 whatsapp. Thanks for watching :)
Thank you, As always great information Amigo....- Claudia
Thank you as always my friends!
I lived in D.R for over 2 years and you make great points.. also Iâve built relationship with the banks and 90% of the population doesnât own they rent .. rent prices and housing doesnât correlate and thatâs bad from an investment point of view. Basically a lower return on invest . Electricity is at premium, donât forget gasoline, infrastructure is horrendous, hospitals ,the education from what I see is comical. Iâve seen land that was going for $4000 meter just for land , I laughed at the guy, the one pro tip I would give is use the banks when making any type of purchase ,
So where you live now đ
I just subscribed wanting to build in Dominican Republic Iâm going to reach out soon with a possible multi family project.
Whatsapp me my friend
5195671785
Let's do it
Thank you for input, we will be in playa bonita December, would like to meet ans visit projects. đ
Send me a whatsapp please
5195671785
Let's do it
Good advice. It is a nightmare to build in the DR
It comes with its challenges that's for sure. Building in general is very hard. I feel once you are ready then it can work well. But to jump in blindly is very risky I feel.
Merci!
Any more questions whatsapp me for advice
LOL. Only skeptical cause you were pressuring all viewers to buy IMMEDIATELY on prior vids so they wouldnt lose out of new condo projects... Tranquiloooo amigo..
Thanks for input. Essentially what I feel is that precpnstruction is a safer play as you are usually surrounded by rules and regulations relayed to the project. Not saying land isn't a play....and building...just feel it can be taken slow for the reason I cited. Hope that makes sense. Cheers
building permits can take 1 year, depending on how close to ocean beacause of eviromental office, arquitect, register plans, city aprroval, but in all honesty (1) buy land (2) pay taxes sa soon as you pay your taxes if you have your architecual plans ready , you can start building, you can sub contract every aspect of the build but you need to be hands on. by the time you finish your build you should have all paper work approved or almost ready to re due your title with the building in the new title have no fear do let any one scare you but id go to PUNTA CANA MUCH BETTER MORE PLANNING PROPER CITY
You are speaking from experience I can see. Appreciate the advice. I am all about learning as much as we can and then filterkng through the info for what applies to your individual case and experience. Thanks so mucb for watching.
living and learning what dominicans train of thought are their are 2 main dominicans those that when you seek a service from they jack up prices, once they have completed the task you never ever would use agin abd those that are strictly honest and complete their task to the fullest. with this said when looking for the right workers or construction crew go and study their work craftsmanship, their hours, if they are hands on or they sub out and if those sub contracters are the ones you need to approach ,if they work in safety etc. dont be shy to walk into a construction site so you can evaluate. this is the best way to determin whos who in DR hope it helps and build build
Great vid, put the pen down lol
Good idea!
How is the farmland over there? Away from the beach.
To be honest I don't know much about that aspect. I would send you to my senior colleage for that...
What is pre Construction? 400 units, is there a link? overdevelopment is 1 of my concerns, while looking around
Hello Dave
How are you doing. It's hard to say what one defines as over development. There are density rules in LT which really help with that but as things develop you are satisfying the needs of one at the dismay of another. So depends what side of the fence you are. Ruin ones dream while fulfill anothers...
Msg me on whatsapp if any specific questions 5195671785
Cheers
KASH
Pros; cheap beer and women.
Cons; dominicans
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