Costa Rica land investment

[Bryan Hogsett]

Investment Info:

Other buy & hold investment in Costa Mesa.

Purchase price: $50,000
Cash invested: $50,000

Raw land in a gated community in Costa Rica. My wife and I would love to live here 6 months out of the year once we reach financial freedom. We still need to build our home along with a duplex on the property. With a pool and large garden of course...

What made you interested in investing in this type of deal?

Possible retirement and building experince

How did you find this deal and how did you negotiate it?

Local friend and realtor

How did you finance this deal?

Cash

What was the outcome?

Buy and Hold

Lessons learned? Challenges?

Follow up with attorney often to ensure corporate taxes are paid on time.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes

[Caroline C.]

@Bryan Hogsett congrats! We looked into some developments where you buy raw land and the developer builds the house, but decided to keep it simple and go the condo route instead. They custom builds can be really nice though, especially with a pool and a good sized lot. 

We plan to spend a lot of time in CR ourselves - our youngest child is just off to college, so we are spending a month there now, and hope to make longer trips in the future! 

What region is your spot?