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Updated about 2 years ago on . Most recent reply
Investing in The Dominican Republic
Has anyone had any experience with investing in STRs in The Dominican Republic? Specifically with rental arbitrage? I'm looking into getting started and was curious about rental arbitrage while I do my research and my planning. This would mean putting the property that I rent (with the owner's permission of course) on Airbnb or VRBO.
I'm Dominican, I was born there and have family there. But I wanted to see if any foreigners have tried this tactic and what their experience was like?
Most Popular Reply
I heard a podcast interview from someone who has been successful with rental arbitrage and STRs in Puerto Rico. They would look at homes that looked like they have been vacant for some time, find the owner, offer them to fix up the home, and lease it at FMV. More often they not, the owner would be happy to get the place fixed up and get some cash flow. This may or may not work in DR but it may be worth your time to look into. Also, ignore the naysayers.