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Dear friend, If you're looking for a Caribbean retreat easily accessible from North America, where you can buy inexpensive, developed real estate, profit from a booming rental market, enjoy white-sand beaches, and a good infrastructure ... consider the Dominican Republic. November 10-15, 1 will be heading there to investigate the best market in the "developed" Caribbean, and I hope you'll join me. We couldn't be going at a better time. Of the 1.6 million tourists who visit annually, only 100,000 are North American. This will all change soon. Later this year, the D. R. plans to launch a $6.5 million campaign to attract U.S. tourists. As their numbers increase, so will the value of property and the profit potential on rentals. Buy soon, and your investment will be quickly worth more than you paid for it. Here's just a sampling of the tremendous profit opportunities I found on a recent trip: You can buy a 450-sq.-ft. studio condominium four-minutes from the beach for $22,000. That same property doesn't exist in Cayman. You can rent it out at $200 a week for 25 weeks. Subtract annual condo fees and management fees, and you're left with $3,500-a 16.67% return. No property taxes. You won't pay a cent to the government for taxes on your beachfront property or any real estate you own. On our six-day excursion, you will have the chance to see the best real-estate and investment opportunities in the Dominican Republic. We'll visit Santo Domingo, the capital city. Here you will also meet with our key contacts including Luis R. Pellerano, an attorney specializing in the propertybuying process and citizenship laws; Eddie Martinez, Director of the office for the promotion of Foreign Investment; Mike Cobb, who will discuss how you can finance your Caribbean property; and Marcell Felipe, an attorney who specializes in offshore tax structures, plus local real-estate agents and expatriates. From there we will explore properties available on the pristine beaches of Sostia, Puerta Plata, and Samana. The D. R. is poised to boom in the months to come. I look forward to traveling there with you in November to beat the crowds. Sincerely,
Robert Fordi,
Director
P.S. Don't forget that we are returning to Nicaragua next March. Next year, I've tacked on a visit to Panama as well. On my last visit to Panama, I uncovered a quiet artist's colony in Boquete that I would love to show you. join me in March. Call meat (410) 337-7474 for details. Call it a night In Dominical... Villas Rio Mar; tel. (506)787-0052, fax -0054. Clean, thatch-roofed cottages with electricity, full baths, and little porches. There's a nice swimming pool and a restaurant ... though the breakfasts aren't very good. Jan-Mar $80/night, Apr-Dec $65/night for a double room. Hotel Rio Lindo; te/. (506)787-0028. Recently refurbished, this is a reasonably-priced option right at the edge of town. There's a nice pool. Rooms start at $30/night in the low season and at $50/night in the high season. It's right next to a great Italian restaurant-La Capana-run by a group of friends, two from Sicily and one from outside Milan, who serve superb calamari and an authentic pizza. In Tamarindo... Casa Cook; tel.1fax (506)653-0125, in the US call tel. (510)846-0784; E-mail: casacook@sol.racsa.co.cr, Web site: www.tamarindo.com. This lovely home is owned by a retired American couple. They rent out the upper level of the main house and two smaller cabins. It's right on the beach with a small pool. Villa rental ranges from $180-$250/night for two, depending on the season. Cabins range from $90-$125/night for two, depending on the season. Cala Luna; tel. (506)653-0214, fax 0213; E-mail: calaluna@sol.racsa.co.cr, Web site: www.calaluna.com. Here are hotel accommodations plus beautiful villas, each with a private pool. Situated on a low hill back from the beach, there are no water views. Hotel rooms range from $110-$130/night, double occupancy, depending on the season. Villa rentals range from $200-$280/night for two bedrooms and $280-$360/night for three bedrooms, depending on the season. Capitan Suizo; tel. (506)653-0075, fax0292, E-mail: capitansuizo@ticonetco.cr. Right on the beach, this is a beautifully landscaped hotel with rooms expertly decorated. Great ocean views, nice pool, and a superb restaurant. Rooms range from $95-$125/night depending on the season. Bungalows range from $115-$150/night depending on the season. Costa Rica by air Lacsa; tel. (506)257-9494 Continental; tel. (506)296-4919 Travelair; (506)220-3045, fax 2200413, E-mail. reservations@travelaircostarica.com. The flights we took were all on time. It's the only airline we've flown in Central America where flight attendants actually weigh your bags and check to see if your seatbelt is fastened. Aero-Tour Ltda., Charter flights; tel. (506)232-1248, fax 232-9192. Owned by Alvaro Jimenez and based in the San Jose regional airport, this service is first-rate. Al offers commentary as you fly over the local landscape. Real Estate Contacts lKent Brown, South Coast Realty, Dominical, te/. (506) 78 7-0005, faK 0006, E-mail. greencst@soLrecsa.co.c Mail clo AAA Express, 1641 N. W. 79th Ave., Miami, FL 33126, USA. l Roy Sternberger, Roy Real Estate, Box 186, Santa Cruz, Guanacaste, Costa Rica; teLlfax (506)653-0067, email. roy@tamarindo.com, website: www.royrealestate.com. lJohan Maerten Steen, Sales Director, Tamarindo Difia Investments, teL (506)653-003 1, ext 501. Dust off your penguin suit and head south Last January in Zihuatanejo, Mexico, Nearly 100 adventurous IL readers joined our editors at our Gala, a blacktie affair to honor the ten countries ranked highest on our annual Quality of Life Index. This year we'll do the honors in San Jose, Costa Rica, and we'd love to have you join us. As always, we'll reveal the countries that top our survey of the best places in the world to live. But that's just the beginning, We've invited Joel Nagel, our resident expert on offshore banking, to talk about how you can protect your wealth with offshore structures, David Dell, our roving retirement correspondent, to talk about our favorite retirement destinations, Bob Fordi, our real-estate guru, to give you the insider's scoop on where in the world you'll find the best property deals. Barbara is working out all the details right now. If you're interested in coming with us to Costa Rica in January, call her and she'll send you a packet with all the information. Call (561) 243-6276. |
