Hello!
Hi, I'm new to this forum and excited to be here! Lots of helpful tips as I've been reading through threads so hoping I can gain some insight on investment opportunities in DR.
I've visited DR and stayed in Santo Domingo/Juan Dolio last year to get a feel of the island, climate and culture. Needless to say, I felt at home and hope to one day become a permanent resident however my current situation simply will not allow for that right now.
There does seem to be a continuous upswing in construction. In fact, I have opportunity to reserve a condo in pre-constructed building in Juan Dolio. While I was assured the developers are well know and well respected, and has been in the development business for over 20 years, I'm still unsure (and quite frankly skeptical) if this is the right approach to take. During last year's visit, I have seen other fully constructed residential buildings by said developers, including another property on Juan Dolio beach (just a few doors down from the construction site).
Alternatively, seems like another potential area to think about buying investment property is Punta Cana and maybe even North Shore. My questions are:
1. Does it make sense to buy investment property in Juan Dolio or Punta Cana? Should I think about other areas outside of the two I've mentioned?
2. What should I watch out for in terms of pre-constructed sites/contracts? Has anyone bought into pre-constructed property? Any advice?
3. Should I even consider investing in DR property altogether?
Appreciate your thoughts, opinions, and advice in advance!