has anyone invested in pre-construction overseas. - GoFuckYourself.com

adultinnovation · 06-29-2023, 01:59 AM

I'm looking at getting one of these for another vacation rental airBNB. anyone ever buy a pre-construction property outside of the usa? I'm going to fly over to look at the location

https://www.point2homes.com/DO/Condo...136957195.html

https://www.point2homes.com/DO/Condo...136956868.html

CurrentlySober · 06-29-2023, 02:17 AM

i cunt a4d2 invest in pre-construction overseas...

Retiree · 06-29-2023, 08:49 AM

Not a big fan of DR for a longer stay than a few weeks, but the price is fair. Too far from the beach, though. Would be a no no for me, as an airbnb tourist.

ruff · 06-29-2023, 08:56 AM

I've purchased one-bedroom pre-build in St. Kitts. It will be finished in late August barring any delays. It's part of my citizenship requirements for St. Kitts - Nevis.

fuzebox · 06-29-2023, 09:34 AM

You couldn't give me a free condo in the DR.

sandman! · 06-29-2023, 11:02 AM

i would be worried about getting ripped off.

CaptainHowdy · 06-29-2023, 11:02 AM

Quote:

Originally Posted by fuzebox

You couldn't give me a free condo in the DR.

Dominican women can ride your dick in the limpest state

. . .

Klen · 06-29-2023, 01:20 PM

Quote:

Originally Posted by CaptainHowdy

Dominican women can ride your dick in the limpest state

. . .

Dominican woman was only woman which ever told me how she loves me

NALEM · 06-29-2023, 05:01 PM

I am not familiar with Dominican Republic rules regarding title and ownership by foreigners, which I assume you are. That's on you. And don't trust the answer of most local lawyers or real estate agents.

Using Mexico as an example ...

Foreigners are not allowed to directly own any land within XXX number of miles from the coastline. The solution offered by the locals, is to allow a 3rd party Bank Trust to hold title for you. It works most of the time, until it doesn't. It stops working when the locals with influence want to take ownership away from you.

Only Mexican nationals and Mexican companies can own the land. Foreigners are allowed to form and manage a Mexican company. It's an extra step, but you now have direct control. Clean title however still remains an issue. A lot of forgery and shady business around properties continued to happen. It's on you to clearly know who are the potential interested parties, and have them sign off (Quit Claim) any interest claim they may have.

Good luck!

fuzebox · 06-29-2023, 07:27 PM

Quote:

Originally Posted by CaptainHowdy

Dominican women can ride your dick in the limpest state

. . .

Not the criteria for my real estate investments.

06-29-2023, 01:59 AM	#1
adultinnovation So Fucking Banned Industry Role: Join Date: Mar 2019 Location: usa Posts: 5,063	has anyone invested in pre-construction overseas. I'm looking at getting one of these for another vacation rental airBNB. anyone ever buy a pre-construction property outside of the usa? I'm going to fly over to look at the location https://www.point2homes.com/DO/Condo...136957195.html https://www.point2homes.com/DO/Condo...136956868.html

06-29-2023, 02:17 AM	#2
CurrentlySober Too lazy to wipe my ass Industry Role: Join Date: Aug 2002 Location: A Public Bathroom Posts: 38,648	i cunt a4d2 invest in pre-construction overseas... __________________ My AI Handywork... My Dream Gal... XXX 👁️ 👍️ 💩

06-29-2023, 08:49 AM	#3
Retiree Amateurs.com Industry Role: Join Date: May 2012 Posts: 1,340	Not a big fan of DR for a longer stay than a few weeks, but the price is fair. Too far from the beach, though. Would be a no no for me, as an airbnb tourist. __________________ Amateurs.com - #1 Amateur Social Network Teams ID: Amateurs.com CzechProfits - 34 paysites, 2000+ exclusive videos

06-29-2023, 08:56 AM	#4
ruff I have a plan B Industry Role: Join Date: Aug 2004 Location: Seattle - Miami - St Kitts Posts: 5,501	I've purchased one-bedroom pre-build in St. Kitts. It will be finished in late August barring any delays. It's part of my citizenship requirements for St. Kitts - Nevis. __________________ CryptoFeeds

06-29-2023, 11:02 AM	#6
sandman! Icq: 14420613 Industry Role: Join Date: Mar 2001 Location: chicago Posts: 15,432	i would be worried about getting ripped off. __________________ Need WebHosting ? Email me for some great deals [email protected]

06-29-2023, 09:34 AM	#5
fuzebox making it rain Industry Role: Join Date: Oct 2003 Location: seattle Posts: 22,119	You couldn't give me a free condo in the DR.

06-29-2023, 05:01 PM	#9
NALEM Confirmed User Industry Role: Join Date: Nov 2010 Location: Where ever Delta flies Posts: 3,143	I am not familiar with Dominican Republic rules regarding title and ownership by foreigners, which I assume you are. That's on you. And don't trust the answer of most local lawyers or real estate agents. Using Mexico as an example ... Foreigners are not allowed to directly own any land within XXX number of miles from the coastline. The solution offered by the locals, is to allow a 3rd party Bank Trust to hold title for you. It works most of the time, until it doesn't. It stops working when the locals with influence want to take ownership away from you. Only Mexican nationals and Mexican companies can own the land. Foreigners are allowed to form and manage a Mexican company. It's an extra step, but you now have direct control. Clean title however still remains an issue. A lot of forgery and shady business around properties continued to happen. It's on you to clearly know who are the potential interested parties, and have them sign off (Quit Claim) any interest claim they may have. Good luck!