Punta Cana STR who owns one?
I am considering buying an STR in Punta Cana. It's a bit scary to purchase in another country. Rules are not the same as in the US. I am looking for some insight. Thank you
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There's nothing scary about buying in many foreign countries.
In this case, make sure you get my figures right (and don't rely uniquely on local real estate agents who have a vested interest in having you see the market with rose-tinted glasses). Indeed, as @Michael Baum mentioned, Punta Cana is one of the world's capitals of all inclusives and I don't know anybody who goes there and doesn't stay in an all-inclusive, which are probably less expensive than short-term rentals because flight and food are included. Moreover, most short-term renters I came across around the country don't like Punta Cana. The main activity there is the beach, hence it's ideal for an all-inclusive and short-term rentals can't compete given that all-inclusive are generally cheap. Also, there's a lot of new condos being built and marketed to investors and I'm not sure there's going enough people to rent them.