All Forum Posts by: Dewey Paxon

 One more question... should I sell with a traditional agent in DR or is there a website that markets airbnb listings for sale?

@Mike Lambert

@Mike Lambert .. thank you for your insight. You stated a lot of good information. 

Yes, we understood the risk going into it. I own a travel agency and have monitored booking calendars similar to our villa for 6+ years, and knew the ROI would be there. Although I knew it would be tough when it was time to sell bc of the risk. Because we sell services ( chef, drivers, etc) and tours (ate, zip, yachts) when our house rents, we offset our cost to keep the net much higher than a 7% ROI. I did not include the services/tours revenue is the listed gross above, although I should have. Year to date, we have sold close to $20k in additional services. Our monthly operating expenses, including salaries for property manager, security,housekeeping, utilities, insurance/taxes range between $3500 - $4000 a month. This would give us a net closer to $220k ish, and a 23% ROI. My hope is the ROI can entice a buyer, bc it is truly turn key and passive income.

I have tried to get financing in DR, and I keep running into dead ends. 

I recently built a large STR in the Dominican Republic. I have a few partners, but went over budget and personally funded the remaining construction costs. The STR has been successful, but I do not see me getting the additional funded construction costs back anytime soon. Because of that, my partners and I have discussed selling. Construction cost settled at $950k. We are closing out the first year of rental history and expect to gross close to $240k this year. A recent appraisal would have it listed around $1.75 m. Curious to hear other investors thoughts on whether I should cash out and sell or keep raking in the passive income.