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Updated almost 3 years ago on .

User Stats

38
Posts
7
Votes
Terron Winn
  • San Diego, CA
7
Votes |
38
Posts

Investing in Santiago, Dominican Republic.

Terron Winn
  • San Diego, CA
Posted

Hello all,

I will be purchasing my first property in the Dominican Republic, specifically in Santiago. (Jardin Botanico).  This is a brand new 3 bed 2 bath property and its about 20 minutes from the Ciabo airport. 

I have been going back and fourth from Santiago to California for about 10 years now at about twice a year. Every time I have gone, my wife and I have rented an air bnb and this is the reason why I am purchasing my first home there.  I am a little scared but as they say " you never know until you try". 

I have purchased it at 5,500,000 peso which translates to about 100k. in about two weeks I will be flying out to get the keys and furnish the place. 

Does any one have any tips/tricks with getting the place rented with air bnb and or vrbo? Is there another platform that I can use to advertise my rental property? I just want to make sure I get it exposed as much as possible, especially with the feds raising the rates! I will be financing this property with a HELOC I took out from my primary residence.