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Updated over 1 year ago on . Most recent reply

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Christina Hennessy
  • Real Estate Agent
  • Albany NY
24
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49
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Punta Cana STR who owns one?

Christina Hennessy
  • Real Estate Agent
  • Albany NY
Posted

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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Mike Lambert
  • Investor
  • The Americas and Europe
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Mike Lambert
  • Investor
  • The Americas and Europe
Replied

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.

  • Mike Lambert
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