We are choosing new build because A) our family 4 has a certain size demand B)  the price-quality ratio doesn't seem to make sense when considering a preexisting home C) with interest rates being at near 8% with preexisting homes, builders are offering 5.99% interest rates and the exact home we are looking at is about $75K discounted because it's a spec home and the builder doesn't want to pay taxes on it.So, live in it for 5-6 years hopefully rent it out with a fully finished basement for potentially $4,200 in 5-6 years.

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 purchase price was 395k and furnishings cost about 20k.

But I personally don't see prices going down dramatically anytime soon. 

Hello Sam,Prices and rates are indeed high in the Northeast.

Here's why:Detroit, MI housing marketIn April 2024, the median listing home price in Detroit, MI was $89.9K, trending up 13.8% year-over-year.

With simple and transparent pricing, all pre-negotiated, they've significantly improved our maintenance operations.

Why are you interested in quotes instead of per ft prices?

Purchase price: $35,000 Sale price: $50,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Marina Rad, successfully completed a quick sale on Mumford Rd, Greenville, NC 27834.

Purchase price: $220,000 Sale price: $275,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Pat Rosati, successfully completed a quick flip on Cornell Ave, Drexel Hill, PA 19026.