All Forum Posts by: Junior Jaquet Hernandez

@Mayra Mangual I'm in the process of acquiring a property in Las Terrenas and what I've learned is that financing in DR can be very costly. You may want look at other type of financing in the US if you have equity. Here are the quotes I received from Scotiabank who is a big player in the country:
Fija means interest rate in spanish.

8% Fija durante 1 año
9.95% Fija durante 3 años
10.95% Fija durante 5 años
11.95% Fija durante 10 años
12% Fija durante 15 años

They will finance upto 25 yrs based on value.

I could find you something better with some contacts I have in other bank

but normally yes, you are right is higher than in the USA. In another way, I recommend getting a mortgage in the USA and using that money to invest out of the country.

if you need help with the bank let me know i have some contacts to share.

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Quote from @James Knecht:

@Mike Lambert Terrenas definitely has potential. I have been there before. It’s in a much earlier stage then punta cana I agree. I think for me I want to start with punta cana and my next place would actually be in Terrenas. My girlfriends family is from the DR and does some real estate themselves. I think I need a few more connections and I am in the earlier stages of investing. How does investing in the DR affect taxes?

yes, las Terrenas is a very good place to invest.

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Quote from @Tyler Franca:

@Samantha N. I know people who invest in that area and do very well. I'm just about to close on a 3 unit in a different part of the country. What are your specific questions?

how were your experience?

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Quote from @Samantha N.:

@Tyler Franca

@Joel F.

@Pinank Parikh

My husband and I are also exploring investments in DR. (Currently looking at Samana province). Would love to discuss your experiences with any/all of you.

For build equity and cahs flow I recommend SAMANA, PUNTA-CANA, PEDERNALES

2 Votes

Quote from @Kenny Castro:

@Peter Walther excellent point, I will review exclusions and exceptions carefully to make sure my expectations are in line with the coverage. Thanks!

To purchase a property in the dominican republic you only need 3 docs certified:

1- certified of title ( Titulo y deslinde )

2- certified of lien (Cargas y gravamen )

3- certified of taxes ( IPI )

if you get those 3 things you can get the information on the web portal of those institutions and get the information if those are original and are right and if are right you can buy without problems

another way you can get a mortgage is with the bank and the bank makes everything for you.

I do investment in DR I live in Punta cana if you need more information pls let me know

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Quote from @Luis Ciriaco:

Following this… I own in Puerto Plata (north coast of Dominican Republic) and it’s great thus far. Been in the market 18 months at this point. Starting ‘23 strong, already booked solid through March. https://www.airbnb.com/h/casac...

perfect, if you are looking to invest in Punta cana let me know I do investment to rent and build to sell

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Quote from @Calvin Mora:

@Andres Bernal hey Andrea how are you I’m also in the process of purchasing in Los corales/cortecito área , a 2br vacation property . It should be done in march so I’ll keep you posted. I’ve contacted some property managers and I think it’s a good investment. Las terrenas is beautiful and growing as well but for family and short term rentals is an ideal place being that it’s close to la romana, Santo Domingo, miches, bayahibe, and to the airport as well. I’ve contacted banks in regards to Ioans and as you know rates are a bit higher than in US and you have to go through much more hoops to get one. I’m new to the DR market as well but I think it’s very lucrative also being that tourism has grown so much in the area .

how is so far?

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Quote from @Georgie Howie:

Quote from @Allan Smith:

Hi Andres,

I’ll be watching this too. We just bought a penthouse closer to Santo Domingo (Guayacanes), but it hasn’t gone live yet. Perhaps in the coming months we will be able to commiserate with eachother about our experiences! We’ll be there in the first week of September to finalize the property for renting.

Hello @Allan Smith how are things going? How was your experience? I have my first property tour next week.

how were your experience?

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Quote from @CJ Witmer:

@Lewis Anderson - Any update on this? I'm currently checking around for financing a DR property as well. Would appreciate input.

did you make it? if no maybe you can be in contact with me I can help you with that

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Quote from @Richard Alvarez:

I have holdings in

- Santiago, Dominican Republic - (28) Units, of which (21) are presently rented;

- Sosua, Dominican Republic - Condo (3 Bedroom; 3 Bath)

- Lands in various parts of the country

I am interested in selling off the property and lands as we will be moving to the US.

Is there anyone in the BP community familiar with selling off international property?

Much appreciated

Rich

I can help you with it, did you sell the property?

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All Forum Posts by: Junior Jaquet Hernandez

Junior Jaquet Hernandez has started 15 posts and replied 105 times.

Post: Dominican Republic: Punta Cana Yes or No?

Post: Dominican Republic: Punta Cana Yes or No?

Post: Has anybody invested in the Dominican Republic?

Post: Has anybody invested in the Dominican Republic?

Post: Title Insurance Companies Operating in Dominican Republic?

Post: ARBNB in Punta Cana, Dominican Republic.

Post: ARBNB in Punta Cana, Dominican Republic.

Post: ARBNB in Punta Cana, Dominican Republic.

Post: Funding for Las Terrenas Dominican Republic

Post: Dominican Republic Land and Real Estate