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Caribbean Real Estate Some of the most stunning Islands on the planet enclosed by the calm blue Caribbean Sea make up some quite unique real estate investment opportunities in the Caribbean. Join our Caribbean property forum to discuss real estate in Antigua, Aruba, Bahamas, Barbados, British Virgin Isles, Cayman Islands, Dominican Republic, Haiti, Jamaica, Montserrat, Saint Lucia, Saint Vincent and Trinidad & Tobago.

Caribbean Investment - Page 2

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  #11  
Old 23-12-2007, 07:47 PM
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Smile Caribbean Investment

I have invested in Grand Bahama Island in the Bahamas.There are bargains to be had if you take a look as I found a waterside villa for £150K.
I have decided to buy another to rent out as the returns are on average about 10 -12%.If you own a property you receive a homeowners residence card that allows you to come and go with no problems.If anyone wants details on the development I bought into PM me and I will send details.
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  #12  
Old 23-12-2007, 08:59 PM
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I've never been to the Bahamas but I have heard a lot of good stories about it,
what is the yearly weather like anybody know?.
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  #13  
Old 24-12-2007, 08:40 PM
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The weather is great all year we are in high season now with daily temperatures approx.75F and the sea is warm enough to swim in all year.Merry Christmas !!
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  #14  
Old 24-12-2007, 08:50 PM
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Smile Wow

Quote:
Originally Posted by investalot View Post
The weather is great all year we are in high season now with daily temperatures approx.75F and the sea is warm enough to swim in all year.Merry Christmas !!

Sounds like heaven,wish I was there.
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  #15  
Old 08-01-2008, 01:38 PM
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Location: Sosua/Cabarete
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I have been investing the the Dominican Republic for about 7 years now and have done great.

I prefer the North Coast because it doesn't get hit by Hurricanes, the topography is fabulous with Mountains on one side of the main road and beach on the other.

I have invested in Sosua/Cabarete and have had GREAT returns. I also own land and have developed property in Cabrera which is less touristy and more laid back although the tourism there is high end villa tourism.

I am involved in a project now in a gated community called "Haciendas El Choco" which I believe is very undervalued and poised for serious capital gains. I think the land value has a chance of increasing in the next 2 years and I am looking for a double in value.
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  #16  
Old 19-01-2008, 09:21 PM
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Sounds great and i'm sure the people who have invested in dominican rep are all doing well,from which country does the dom rep receive the most investment?.
I would love to invest here but it's just too far from the uk,it is undoubtedly all round excellence.
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  #17  
Old 19-01-2008, 10:14 PM
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Default I am new to the game but

Quote:
Originally Posted by ********* View Post
Hello florianvilla,

I am based in the uk so the above rules would not apply to me,however you say st.thomas and st.croix are reasonably priced,what type of properties are best to invest in at these particular areas?,also what kind of prices are we looking at?.
I just go this property mail to homeowners and they were saying how St.Croix is adjusting to development and St. Thomas was trying to add more luxury hotels like the Marriot ( which is beautiful I highly recomment it).

I would personally recommend St.John out of all the islands, or in your case, Tortolla, or buy some land on Jost. However as you know the dollar is weak against the pound so St.John might not be a bad options. It is over 2/3's national forest and although they say that it is being overdeveloped, there are places that never will be developed. It has low crime and probably because it is the most expensive islands in the Carribbean, I think St. Barths might be the most. But it is in a class with Tortolla and Virgin Gorda. I run a radio add in Boston and when people call if they heard of St.John then they I don't have to sell them on anything. If they didn't hear of it, then they think it is too expensive and go to Jamica where they get hit over the head with a melon. Crime is very high in the impoverished islands, even St. Thomas.

I look at the real estate everyday since I bought my property. The prices keep going down, almost like 100K but rent is still the same pretty much and a lot of people book during the rainy season which I did not expect. There is one property that has gone down tremendously and I can't believe I have not jumped on it before I bought Florian Villa. It is listed by American Paradise and I would talk to Hillarie. Other real estate place that I have looked at is Holiday Homes and the girl there is Sara. Just find out who listts the property. The one I saw was the Ohara house in Fish Bay for 550K but I bet you could talk them down to at least 500K. It has a view and Fish Bay is OK for St.John but that is a great price for a 3 beds and 3 baths. Some other properties of note are snails place I forget who lists it which rents out all the time and the Oatley house which just dropped their price.

If you market it yourself you will have to give a management company at least 10 percent and if you let them market it is another 20 percent. They know that the island is remote and definitley rake you over the coals a bit. But there is only so much land to develop.

Remember that I am Fire Captain in Boston and I don't know a lot about real estate but since I have bought this property the learning curve is unbelievable.

Take care all the best
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  #18  
Old 19-01-2008, 10:21 PM
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Thanks for that guys sounds really good.
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  #19  
Old 19-01-2008, 11:20 PM
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Default Question about a second rental

This a bank question. I have good to excellent credit. I have the 25 percent to put down on another rental. I have a mortgage in the states for 350K and I am on a partial mortgage on in the Carribbean for 920K. What can I do, except the obvious which is to pay down my mortgage, to get a mortgage from the banks on the islands. This wouldn't be such a big deal if I just bought the property on the Virgin Islands for huge money last year. Is there anything I can do to help my situation.

CPT.
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  #20  
Old 20-01-2008, 02:07 PM
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Cool How about Antigua ? Jolly harbour

Quote:
Originally Posted by ********* View Post
Hi people,
Nobody have any advise on the Caribbean?
I am aware that there are some Great new developements in Antigua, Jolly Harbour - some quite large scale apartment developements with excellenet rental potential - deoends what sort of ROI you are looking for or if you want a place you can visit your self when you you want to take a break - Easy for Uk national to invest..just check out the fees.
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