Should I Invest in Dominican Republic?

[Fernando Gomez]

Hello!

I'm a new investor and I have some to little experience in real estate. I've a few properties in the US I'm currently managing and I'm thinking about purchasing my next property in Punta Cana, Dominican Republic to put it on Airbnb. This will be a brand new property, I have plans to hire an interior designer to make it irresistible for tourism. It's very close to the beach/airport and I am getting a great price for it. However, I have a concern; I don't live there, I will be managing it from Texas. My parents live in Punta Cana so that will make things a bit easier. 

I'd like to get some input from experienced investors. Any advise on long-distance real estate investing? Anyone that has invested in Dominican Republic that may have some info/lessons learnt/experiences to share?

Thank you!

Fernando