Buying Property in Costa Rica - Should you invest? Honest Opinion
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- čas přidán 5. 07. 2024
- Please watch: "Costa Rica Home for Sale: 100 Steps to the Beach"
• Costa Rica Home for Sa... -~-
My livelihood is Costa Rica real estate, so I definitely benefit when people decide that Costa Rica is a good place to invest their hard-earned money.
However, the question, "Is Costa Rica a good place to invest?" is loaded and frankly, for a lot of people this is not the best place on Earth to invest. In this quick chat - filmed in beautiful Playa Junquillal, just 30 minutes south of Playa Tamarindo :) - I mainly focus on when it is NOT a good idea to invest in Costa Rica.
Contents:
0:36 When not to invest in Costa Rica property - Looking for easy ROI?
2:51 Flipping Properties in Guanacaste, Costa Rica
5:03 Costa Rica (still) a cash real estate market
6:11 When you should invest in Costa Rica property
As always, my thoughts are based on my 14 years' experience living and working in Guanacaste, Costa Rica, across a diverse array of fields including the non profit sector. I've helped countless of clients invest their hard-earned money over the years - and I've also helped countless people realize that this is not the best place for them.
So let's talk about investing in Costa Rica real estate and when it makes most sense! And if you like straightforward info about moving to Costa Rica and buying real estate here, please subscribe to my channel -- czcams.com/users/costaricama...
#costaricamatt #costaricarealestate #investincostarica
Thanks for the honest information.
You are welcome, thank you for watching!
Thanks for some amazing tips. Looking to make a purchase within the year in the Guanacaste region. The beach in this video is gorgeous!! Where is this located?
:) it's in an area you'll hear me mention a lot on live videos etc.
Great info Matt! Thanks for all your (honest) information! I really enjoy all your videos!
I appreciate your comment, thank you! (Please pardon the delay in responding.) Remember we are now scheduled for Thursdays @ noon CST with the live chats!
Great video. Thanks a lot.
My pleasure; I appreciate the positive feedback!
Sound and honest advice Matt! You really keep your viewers and those of us interested in investing or making the move to Costa Rica aware of the pros, cons and reality in what real estate ownership offers an investor. Continue to keep us informed as I look forward to my next trip to Costa Rica :)
Looking forward to hosting you Steve, and thank you for the positive feedback!
Good info, thanks Matt. What about developing properties like The Point or The Enclave, thoughts?
I think that they could be great investment properties for those who are willing to manage their rentals directly, or put more "sweat" in than the average AirBNB host. Market your property well, put out advertisements, invest in good PR and also in making the place comfortable, and yes they'd be great investments.
On the other hand if you just bought one and left it 100% in the hands of a manager, you'd probably be fighting for rentals with the huge pool of available homes there and that would eat away at your margins.
yeah, I am building there and planning to do most of the management myself. One thing you need to ask your clients is ... do you want to spend most of your time in Costa Rica or still have the urge to travel around the world? Being a nomad is the new thing now 🙂 We also have earthquakes, make sure you get home insurance for that ;-)
Thank you for the comments and yes, it basically boils down to that - the people who can get best ROI will spend time here taking care of the property and fine-tuning it as a rental, and minimizing costs. Knocking on wood - most building here were around - and were fine - during the 2012 earthquake we had, which was a 7.6. Very few structures went down, thank goodness, because construction codes are very focused on creating structures that can move.
Good advices but about been safe can not agree with that part crimes had increse every where in beatiful Costarica
You aren't wrong Julio but I still feel extremely safe. Yes, the beach areas especially can be a hotspot for crime, but in my community it is still almost entirely people sneaking in to take valuables and we are safe. If you're able to keep private and not leave valuables exposed, you probably won't have problems, but the opportunity to grab stuff is too prime and you definitely see plenty of that happening. And yes, at times there are worse incidents but overall I think it's easy to say Costa Rica, and especially the tourism areas of Guanacaste, are a lot safer than many other places in Central America.