Buying property in the Dominican is a smart investment. Do the research, do the math and you will come to the same conclusion. It's the place to create an amazing lifestyle and still not break the bank.
So now you're wondering, "how do I do it?" We have the resources to help you get it done. Our network of professionals can help you orchestrate the purchase. There are options for financing your property and how you do it depends on what is right for your situation.
Many individuals choose to pull cash out of their homes or investment properties here in the U.S. This method allows for a number of benefits. First, it lets you typically borrow money at a better rates and terms. In some cases, the interest paid on the money is tax deductible, further improving the deal. Another reason this is a good way to do it is because it allows you to negotiate with cash, and when you negotiate with cash it means you can move quickly and therefore makes your offer stronger.
Another method is to use a local DR bank to finance the deal. This method also works fine, though it may not offer rates and terms as favorable as borrowing the money in the U.S. By using a Dominican bank you will use the property itself as collateral and that might be more favorable depending on your personal appetite for risk.
Still another method would be a combination of financing. You could refinance your U.S. property to access cash to use for the down payment and then use the Dominican bank to fund the rest of the deal. This method mitigates the risk by not pulling as much cash out of your primary or investment property depending on how you structure the deal.
So as you can see, there are different options worth exploring to decide which method is right for you. Regardless of how it's done you'll be pleased with your decision to raise your level of living and this is where we come in.
Contact us today for a free consultation.
| 