All Forum Posts by: Junior Jaquet Hernandez

 We had 5 acres in Uvero Alto next to Secrets, Ready to go. Builder in place, Built my place next door to Ocean Baverro, but I could not get the funding for the build out. This is 15- 20 years ago Man what they would be worth now. 

 Hello, just curious since this two years old, how is it going?

Hello,

I don't know if you are still interested about this investment in the DR, but I think I could help answer those questions. I think Punta Cana is waaay to expensive if your main goal to high rental profitability. Las Terrenas in the Samana peninsula is a good choice but I have a small thing for Bayahibe, close to la Romana.

You can find property that are half the price of Punta Cana's and that you can rent around 80% of the year. The city is developing quite fast and prices keep growing year after year. The government invest a lot of money in the city's infrastructure in order to make the town more tourist friendly.

Let me know if you want to know more !

@Junior Jaquet Hernandez

I'm not sure what you what kind of long term you mean (renting by the year to the local population or by the month to visitors for example). In any case, I wouldn't because it's riskier and potentially much less profitable than short-term rentals. The problem with those anywhere in the Caribbean is the sargassum risk. I can get better returns elsewhere without having to take that risk, which for me is a deal breaker.

 I have experienced buying the next:

-lots 
-apartment doing BRRRR
-Flipping in USA and DR

-Long-term and short term 

-we have about 20 units long long-term rental 

And now we are building 35 more units apartments 1bed 1 bath for long-term rental (we earn the equity of the construction and with our analysis the CCROI 19% a year after all the expenses been paid) 

 and developing 15 units close to the beach to sell

So if you just asked me about a short-term term I only will talk about short-term but if you ask me about the other above I will give you my experience for free I have property in the USA and I don't get the same amount of ROI than in DR ask me and I will answer you

@Junior Jaquet Hernandez

I wouldn't give investing advice to investors in my own country so I certainly wouldn't do it give advice to investors in a country where I haven't invested, as you rightly mentioned.

Mind you, I was actually considering investing there, as I have friends who are in real estate there. I did an extensive research trip that included meetings at the Ministry of Tourism in Santo Domingo, with your country's best lawyers, ... So, I'm not sure I should "better" investigate.

Weighing the pros and cons, I decided not to invest. That doesn't mean that it's no good for somebody else. We all have different motivations and objectives, hence I don't like to give advice, especially unsolicited advice.

As to the occupancy guarantee, what I meant is that a guarantee is as good as its issuer. And I know of developers who have reneged on that kind of guarantee once the promised occupancy wasn't reached so it's not as ironclad as a government or bank guarantee. That doesn't mean the specific guarantee you're talking about won't be honoured but it's a risk. Besides I bet this guarantee is for a limited time (it's often for one year only), whereby the profit the developer makes on the sale of the properties is much bigger than the potential loss he would incur should the occupancy fall short of the promised percentage. This would make such a guarantee pretty much worthless as an indicator of the future occupancy rate.

Also, I'd personally never buy properties with hotel management for reasons I already mentioned but I'm sure some investors like and look for that kind of properties.

While there is only one set of facts, we can have different opinions and it's good that way. I'm not trying to convince you or anyone else that investing in Punta Cana is a bad idea. It could be a great idea for the right investors. I'm just sharing facts and points of view and I trust that it'll help readers form their own opinion and make the right decisions for themselves.

Reading this thread has been very insightful. Does anyone have the latest updates on investing in Punta Cana? I'm particularly interested in hearing from those who have started doing short-term rentals and can share their experiences.

Has anyone worked with Noval Properties in DR

Has anyone worked with Noval Properties in DR