One strategy I have helped shared with persons interested in the islands of the Bahamas is to refinance property in their locale to use for their purchase. The rates are lower than going to one of our local banks in comparison. And on the island of Grand Bahama we have no property taxes.
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We plan on visiting the Bahamas at some point in the hopefully near future and would likely be looking at houses/condos when we do. We aren't looking to buy right away, so it'd be more for getting a feel for the areas. Is there much of a difference in buying a single family as opposed to a condo? Condo prices seem pretty reasonable, but I don't know what HOA fees would be. I'm not a huge fan of condos, but they seem like a better choice for an out of country purchase. Any help you could provide would be great! Thanks!
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