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Has anybody invested in the Dominican Republic?

Posted Oct 27 2020, 13:20

I would like to know if this is a wise decision and if you have experience in that field please contact me.

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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
53
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120
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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
Replied Oct 27 2020, 14:51

@Yonathan Beltran De La cruz, Yes! Dominican Republic is an excellent place to invest in Real Estate. But you have to be careful where you invest and who you invest your money. If you looking for cash flow properties best to invest in Santo Domingo, Bavaro, Santiago, and Sosua. If you need help with construction design, build, management of property I’m here to help.

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Tyler Franca
  • Minot, ND
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Tyler Franca
  • Minot, ND
Replied Oct 27 2020, 15:37

@Yonathan Beltran De La cruz it can be, depending on where you want to invest and depending on what exactly you'd like to do. I live in the dominican republic and it has been good for us.

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Replied Oct 27 2020, 16:26

@Joel f. Construction and everything that you mentioned is out of my range right now. 

Im more interested in wholesaling and networking down here.

Have you invested in dr?

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Mike Lambert
Pro Member
  • Investor
  • The Americas and Europe
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Mike Lambert
Pro Member
  • Investor
  • The Americas and Europe
Replied Oct 28 2020, 19:06

I've been working on developments in the Dominican Republic. I believe wholesaling is typically a North American phenomenon. I'm not sure if/how it would work in your country. Mind you, the real estate agent profession is unregulated so you could in theory make a wholesaling profit as a real estate commission.

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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
Replied Oct 29 2020, 04:07

@Yonathan Beltran De La cruz wholesaling will not work in RD. RD is more for developing. CASH FLOW in RD is excellent they provide great cap rates. If you need help with construction projects! Be careful when investing in the island!

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Replied Oct 29 2020, 15:21

Bummer....I was really excited about that, I guess I will have too get creative. Thanks Joel and Mike.

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Pinank Parikh
  • Rental Property Investor
  • Sellersville, PA
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13
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Pinank Parikh
  • Rental Property Investor
  • Sellersville, PA
Replied Feb 28 2022, 12:24

Tyler Franca 

Joel F.


I have been exploring investments in DR. Can I message you?

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Samantha N.
  • Investor
  • WY, USA
2
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25
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Samantha N.
  • Investor
  • WY, USA
Replied Apr 25 2022, 18:18

@Tyler Franca

@Joel F.

@Pinank Parikh

My husband and I are also exploring investments in DR. (Currently looking at Samana province). Would love to discuss your experiences with any/all of you. 

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Tyler Franca
  • Minot, ND
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Tyler Franca
  • Minot, ND
Replied Apr 25 2022, 18:21

@Samantha N. I know people who invest in that area and do very well. I'm just about to close on a 3 unit in a different part of the country. What are your specific questions?

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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
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120
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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
Replied Apr 25 2022, 19:15

@Samantha N.samana is good to invest I do not know if you will build or buy but if you build like how I am doing then you need to be carful with the steep lands they have on the mountains, before you build or buy make sure the title is clean do not buy the acta de venta unless you know the families that is selling the land, samana is very attractive tourist area does not have the boom like punta cana but is attractive and your investment will go a long way.

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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
19
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119
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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
Replied Jan 24 2023, 21:36
Quote from @Samantha N.:

@Tyler Franca

@Joel F.

@Pinank Parikh

My husband and I are also exploring investments in DR. (Currently looking at Samana province). Would love to discuss your experiences with any/all of you. 


 For build equity and cahs flow I recommend SAMANA, PUNTA-CANA, PEDERNALES

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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
19
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119
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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
Replied Jan 24 2023, 21:37
Quote from @Tyler Franca:

@Samantha N. I know people who invest in that area and do very well. I'm just about to close on a 3 unit in a different part of the country. What are your specific questions?


 how were your experience?

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Tyler Franca
  • Minot, ND
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Tyler Franca
  • Minot, ND
Replied Jan 25 2023, 03:02
Quote from @Junior Jaquet Hernandez:
Quote from @Tyler Franca:

@Samantha N. I know people who invest in that area and do very well. I'm just about to close on a 3 unit in a different part of the country. What are your specific questions?


 how were your experience?


 Fantastic, We are currently house hacking it. with both other units it covers the mortgage and we get about $200 profit a month. So it is definitely a long term play. 

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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
19
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119
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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
Replied Jan 25 2023, 04:44
Quote from @Tyler Franca:
Quote from @Junior Jaquet Hernandez:
Quote from @Tyler Franca:

@Samantha N. I know people who invest in that area and do very well. I'm just about to close on a 3 unit in a different part of the country. What are your specific questions?


 how were your experience?


 Fantastic, We are currently house hacking it. with both other units it covers the mortgage and we get about $200 profit a month. So it is definitely a lon-term play. 

 Awesome it is good to know this. 


By the way, do you know the area of punta cana? do you know any friend or family member that would like to invest as you do? Or short term like airbnb?!

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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
19
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119
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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
Replied Jan 25 2023, 05:30
Quote from @Yonathan Beltran De La cruz:

@Joel f. Construction and everything that you mentioned is out of my range right now. 

Im more interested in wholesaling and networking down here.

Have you invested in dr?

If you are interested in wholesaling in the Dominican Republic let's be in touch with each other so we can work together 

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Bud Gaffney
  • Rental Property Investor
  • Boston, MA
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Bud Gaffney
  • Rental Property Investor
  • Boston, MA
Replied Jan 25 2023, 17:39

@Yonathan Beltran De La cruz following. DR intrigues me !

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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
Replied Jan 25 2023, 17:44

@Bud Gaffney great margins in Dominican Republic! I am currently building 200 apartments. Cash Flow is excellent above 8% cap rate!

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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
Replied Jan 25 2023, 17:49

@Junior Jaquet Hernandez Dominican Republic wholesale is not worth it. There’s a deficit of housing in Jamaica, Dominican Republic, africa, these are the countries we focus on now. There’s not a lot of people selling homes in wholesale to flip, financing is not easy, if you want to develop homes and apartments good place to invest.

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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
19
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119
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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
Replied Jan 25 2023, 18:48
Quote from @Joel F.:

@Junior Jaquet Hernandez Dominican Republic wholesale is not worth it. There’s a deficit of housing in Jamaica, Dominican Republic, africa, these are the countries we focus on now. There’s not a lot of people selling homes in wholesale to flip, financing is not easy, if you want to develop homes and apartments good place to invest.

 Where are you building those properties? 

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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
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Joel F.
  • Developer
  • Santo Domingo, Distrito Nacional
Replied Apr 6 2024, 09:44

@Junior Jaquet Hernandez Bonao, Punta Cana, las terrenas, y Puerto Plata! Sorry for the late response! Been busy working.

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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
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119
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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
Replied Apr 7 2024, 07:56
Quote from @Joel F.:

@Junior Jaquet Hernandez Bonao, Punta Cana, las terrenas, y Puerto Plata! Sorry for the late response! Been busy working.


 Ok good to know if you need help selling those properties let's share contacts cause I work as a realtor in the Dominican republic in a company 

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Laverne Rivera
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  • Piscataway, NJ
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Laverne Rivera
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  • Piscataway, NJ
Replied Apr 22 2024, 12:47

Has anyone worked with Noval Properties in DR

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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
19
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119
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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
Replied Apr 22 2024, 18:46
Quote from @Laverne Rivera:

Has anyone worked with Noval Properties in DR

I do

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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
19
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119
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Junior Jaquet Hernandez
  • Real Estate Agent
  • Dominican Republic
Replied Apr 22 2024, 18:51
Quote from @Laverne Rivera:

Has anyone worked with Noval Properties in DR


 For any information about those development projects buildings by NOVAL feel free to ask me. For NOVAL or others