The agent you spoke to is probably referring to the crazy boom of the covid years where buyer's literally had zero negotiating power. 

Also, what isn't very well known is that a large number of Dominicans living in the country (especially the capital) aren't poor as the Dominican economy has been booming over the last 20 years.

Especially now with the eviction moratoriums and less hope of being able to collect or evict tenants when you are relying on 1 family to pay the rent or not in your property.

My best friend lives in Santa Fe and says New Mexico is booming.

Boom!

Some are already booming or being renovated to become the next target market.

@Samantha N.samana is good to invest I do not know if you will build or buy but if you build like how I am doing then you need to be carful with the steep lands they have on the mountains, before you build or buy make sure the title is clean do not buy the acta de venta unless you know the families that is selling the land, samana is very attractive tourist area does not have the boom like punta cana but is attractive and your investment will go a long way.

I'd recommend researching areas to see that they have:- Low unemployment- High demand for housing - relatively low inventory- local job creation/booming local economy- high avg/median income- increasing population- low average days-on-market (DOM)- history of rent and property value increases YOY- low crime- highly-rated schools (or above average)I'd compare the target neighborhood to surrounding neighborhoods and/or nearest metro areas. 

And BOOM!

Tripping over dollars to pick up pennies.Even when investing in your local market one should think about making it as passive/hands off as possible.Not right away but over time for sure.As the cliche saying goes "Working on the business and not in the business"Investing in real estate shouldn't just become another job.Easier said than done but still, this should be every investors focus IMO.Happy Weekend bro 🙏 there was a case where an Aussie citizen decided they were going to save money and come to detroit to do their renovations themselves.. got in a arguement with someone and boom shot dead.