LL'in in paradise (by JamesD [CO]) Apr 19, 2010 10:32 AM|
LL'in in paradise (by JamesD [CO]) Apr 19, 2010 12:12 PM
LL'in in paradise (by Blue (aka LC) [IL]) Apr 19, 2010 2:51 PM
LL'in in paradise (by Smokowna [MD]) Apr 19, 2010 6:01 PM
LL'in in paradise (by Josh [CA]) Apr 19, 2010 8:05 PM
LL'in in paradise (by Rob [MN]) Apr 19, 2010 8:08 PM
LL'in in paradise (by Josh [CA]) Apr 19, 2010 8:10 PM
LL'in in paradise (by JamesD [CO]) Apr 19, 2010 8:17 PM
LL'in in paradise (by N [GA]) Apr 20, 2010 10:04 AM
LL'in in paradise (by N [GA]) Apr 20, 2010 10:10 AM
LL'in in paradise (by Lynda [TX]) Apr 20, 2010 11:03 AM
LL'in in paradise (by Mike45 [NV]) Apr 20, 2010 11:43 AM
LL'in in paradise (by BRAD_IN 20,000 [IN]) Apr 20, 2010 9:03 PM
LL'in in paradise (by Kathi [OH]) Apr 21, 2010 6:15 AM
LL'in in paradise (by JamesD [CO]) Posted on: Apr 19, 2010 10:32 AM
Does anyone among our esteemed colleagues have experience managing, purchasing or owning properties in the Caribbean or some other earthly-paradise side of this world? Thinking of Salvador, Dominican Republic, Mexico, Costa Rica, St. Martin... but I'm sure there are many other places that are great. Thinking of using it as both personal and rental - someplace sunny, near the ocean, outside of US, relatively easy to get to that's not outrageously expensive.... --32.97.xxx.xxx
LL'in in paradise (by JamesD [CO]) Posted on: Apr 19, 2010 12:12 PM
Nothing, eh? Boy, this used to be a busy forum... what happened?... :) --32.97.xxx.xxx
LL'in in paradise (by Blue (aka LC) [IL]) Posted on: Apr 19, 2010 2:51 PM
I don't think you can "own" property in Mexico, can you? --99.152.xx.xx
LL'in in paradise (by Smokowna [MD]) Posted on: Apr 19, 2010 6:01 PM
Friends have been buying in Salvador. They are buying fruit farms.
I would explore areas where they have health care facilities. I was listening someplace about how our insurance companies are certifying hospitals that are outside of our borders. This could be your niche. --173.66.xx.xxx
LL'in in paradise (by Josh [CA]) Posted on: Apr 19, 2010 8:05 PM
Mexico you can't own you can only lease for 100 years. Tahiti you can't own land only if you marry a native. Fiji you can still purchase and own "Freehold land" is the term you are looking for.
You must also consider if said country allows US citizens to become citizens of that country. Then if you want to give up your citizenship for another.
Dual citizenships are not easy to get.
Another thing you must explore. Do you need a visa/ a green card? What about taxes? What about tariffs? What about special incentives to encourage foreign investors. Then there is the matter of supply and demand. Is there a market for rentals in the area you decide to set up business.
This is not a easy question to answer, with just spitting out a country name. There are far more complex matters to consider before you jump on a plane with your piggy bank. With pie in the sky dreams.
LL'in in paradise (by Rob [MN]) Posted on: Apr 19, 2010 8:08 PM
Why not just something easy like Puerto Rico? You get the caribbean feel, but you're still technically in the U.S. --71.51.xxx.xxx
LL'in in paradise (by Josh [CA]) Posted on: Apr 19, 2010 8:10 PM
I've known about this websie for over a decade. This will answer many of your questions.
LL'in in paradise (by JamesD [CO]) Posted on: Apr 19, 2010 8:17 PM
Yeah, Puerto Rico is really nice - my wife and I spent 2 weeks on the island exploring, diving, and and such... :) --98.245.xx.xxx
LL'in in paradise (by N [GA]) Posted on: Apr 20, 2010 10:04 AM
Costa Rica is my dream. Been twice and love it. Would love to operate a smal B&B.
Panama is very U.S. friendly, lots of expats, use U.S. Dollar and not as discovered as some places. They make it very easy to legally live there (look it up) --12.193.xx.x
LL'in in paradise (by N [GA]) Posted on: Apr 20, 2010 10:10 AM
A lot of these countries don't allow you to go get a job as a foreigner but many allow you to invest and manage, just not do the day to day work (costa rica is an example). Costa Rica has good healthcare, standard of living etc so many americans retire there and also in Panama. Panama City is a big growing city and has opportunities if you speak spanish. --12.193.xx.x
LL'in in paradise (by Lynda [TX]) Posted on: Apr 20, 2010 11:03 AM
Yes, I feel the same way. DH and I have been taking little side trips the past few years to find a hide-away not too far from home. We love the town of Merida and 1/2 hr away the town of Progresso on the beach (facing TX). Problem is the only way to get there is to first fly all the way down to Mexico City, then up to Merida on an internal flight. We also like Costa Rica both San Juan and the coast. Even longer, to get there and back to US.
N(GA) is exactly right--you are not allowed to WORK, but you can invest and manage your investment. The owner of the hotel we stayed at in San Juan was a former Brit who who bought a bed/breakfast hotel and retired in Costa Rica.
Puerto Rico has a lot of the same problems the US has--just on a smaller scale. Gangs, black market, car theft, B&E, muggings, etc, you will find out about if you stay there longer than just for vacation. Consider other US territories like Virgin Islands. That is the next place DH and I are going to check out.
3 times now the system has accused me of spam! See anything spammy in this msg? --137.242.x.xx
LL'in in paradise (by Mike45 [NV]) Posted on: Apr 20, 2010 11:43 AM
There was a fantastic novel about a guy who moved to a Caribbean island and bought a hotel -- anyone remember the name and author? It will help open the OP's eyes to some of the problems!
Problems with water, power, sewage and other utilities. Problems with labor and the work ethic (the "manana" attitude and "no problem, mon" attitude). Racial problems. Poverty problems.
Who is your target group? Ex-pat Americans? Short-term snow-birds? Or do you envision buying up some apt blocks inhabited by locals?
LL'in in paradise (by BRAD_IN 20,000 [IN]) Posted on: Apr 20, 2010 9:03 PM
Check out the book and website FOUR HOUR WORK WEEK. He talks about dong business from such places because they have low living expenses. --69.243.xxx.xx
LL'in in paradise (by Kathi [OH]) Posted on: Apr 21, 2010 6:15 AM
Belize is courting retired Americans. The last time I checked you need to have at lease 100K in a Belizian bank. They apparently want tax PAYERS not spenders.
You may want to check out the Sovern Society and International Living. --69.221.x.xxx