STR investment in Costa Rica ?

[Jeremy Marquez]

Hi guys,

My wife and are are thinking about buying property on the South Pacific coast of Costa Rica (Ballena Area). As I'm doing my research and due diligence, it occurred to me that I should ask if anyone here has had experience with this. Specifically, we like the idea of running the property as an STR.

My wife is a citizen of Costa Rica, although we live in the US. I’m not sure if that opens any doors for us doing business there. One of my concerns is finding a competent and affordable PM to turn over the property each time a guest leaves.

The other thing is financing. I don’t want to tie up all my capital there and I understand it’s difficult to get a traditional mortgage from a local bank there. Does anyone have experience with “alternative financing” in Costa Rica?

Thanks in advance.