Anyone investing in the Dominican Republic?

[Karen Howard]

Hola! My husband and I are traveling to the DR next week to look at potential investment properties. We are totally newbies when it comes to foreign real estate, and so we are hoping some of you would have some input as we trust this site dearly.

Our main interested is on the East coast (La Estancia/Romana, Casa de Campo, Dominicus) but we are open to other areas.

Our main concern is being able to secure rental as this would be an investment property that must pay the mortgage on its own and then some...ideally :)

Gracias!

[Mike Lambert]

@Karen Howard

@James G.

Karen, educating yourself is a good way to start because while real estate is real estate everywhere in the world, there are significant differences between countries in terms of what works and what doesn't work. So, you're on the right track.

I order to make enough rental income to cover your costs and profit (nicely), you need to:

1. Buy the right (kind of) property at the right location so there is demand;

2. Get the right property manager or manage the property yourself properly to tap on that demand.

The good news about the Dominican Republic is that many areas could work but some are (much) better than others. If it was for a pure investment, I personally wouldn't choose the areas that you mentioned (I think the North coast is much better than the East coast in general). However, if you buy partially for lifestyle and so want to be in one of those areas for that reason, I imagine that you could make it work.

To conclude, if your main concern is the lack of rental income, I wouldn't worry too much about that when it comes to the DR but, as is the case everywhere, you increase your odds by owning the right property in the right place.

I have replied to many posts about investing in real estate in the Dominican Republic. You might want to have a look at those through my profile and feel free to reach out to me directly if you don't find what you're looking for there or if you need any further help.