Thursday, January 15, 2009

Costa Rica Real Estate

Over the past couple of months, my husband and I have been investigating flipping houses in other areas. We feel that this might be to our advantage and have been giving it some serious thoughts. Actually, we have been looking at some Costa Rica Real Estate. It seems property there is inexpensive and the market in Costa Rica is doing great. If you think about it, then what would be better than purchasing some vacation property and flipping it to make money from every time you rent it out? Or even better, buy a house to flip and then sell it to retirees that are always moving to this area. We realize there are going to be lots of research on codes and rules for flipping a house in another location, and a lawyer will do all of the title search work for us, but this would be a property we could benefit from for years to come.

The first thing we started looking for was Homes for sale in Costa Rica. Before you go any further, you want to find out what is available, and if there are any good deals worth your time. We had a good feeling about this idea and were not surprised when we ran across property for sale in Guanacaste. We found several properties for under $100,000! Can you believe that? For that kind of price, we would probably purchase it, flip it and then keep it for rental. That way, we would visit the area ourselves whenever we wanted to take a vacation or get away from the cold winter weather. Now the decision comes down to what we want to buy. A condo or a house? Either way, this seems to be a deal of a lifetime!

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1 comments:

Unknown said...

I've got a cousin living in Guanacaste. Says it's pretty beautiful. I have been investigating a little about flipping opportunities since everyone is telling me that now is the time to buy where I live (Cape Carol Florida). And it may just be. But the Florida market scares me a bit. I'm not sure if it's the right time yet. I'm going to do some research in Costa Rica as well to see where the best options could be. Thanks for the info.


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