Good Morning,Myself and a partner are creating a business plan with the hopes of Raising 1million for REO, SFR, Wholesaling deals.

It helps that we have known each other for 30 years in a business to business capacity.

@Robert Brown personally I'd avoid Sosua, as it's a destination for sex tourism.There is also Santo Domingo, which attracts business travellers as well and the nearby beach city of Juan Dolio.

When we redid our kitchen in our residence (before I started in this business) I think we spent something like $12,000 on the countertops.

The property cash flowed well and covered our expenses in 2021 and 2022 with short-term rentals and about 80-85% business use, but it did not rent as well in 2023 (oversaturated rental market, change in travel restrictions, weather etc...) and dropped to about 65% business use and a negative cash flow of about $15K.

@Sam SchlosserWhen considering a real estate deal - throw the word “friend” out, you should not have friends who are business partners.

Which will bring plenty of other investors and general business to the area.

I'm a local chicago mortgage lender but we are licensed and do a ton of business in CA as well - happy to be a resource in any way I can!

Quote from @Michael Smythe: @Jay Hinrichs you might find this story interesting.https://www.freep.com/story/money/business/michigan/2024/05/...Someone's gotta start the long road back! 

Heck, maybe you could bring in some tiny homes or modular homes.