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I guess people read what they want to read. I don’t know why I am not making this clear so I will try another tactic.
An 100k investment is expensive. Even if you take the financing option that repays the 50K plus accured interest when the trees are harvested.
This is not fractional. You own one hectare of property and all the tress on it.
The benefit is immediate permanent residency. You do not have to wait three years for you status to become permanent.
If not for that, I don’t think it would be worth it.
If residency isn’t an issue for you then why would you be interested in it?
This is an approved reforestation investment which can be bought in to.
The thread begins with someone searching for a way to work in Costa Rica legally. This program provides it. If you wish me to give you the name of the program please supply contact info.
orcas06, Which program are you talking about? I only know of one PRE-Approved reforestation program, and yes it does grant permanent residency so you can work at any job and you only need to be in the country one day a year if you wish.
I am not talking about the general inversionista residency catagory status as the “program”. I am refering to a preapproved investment in which you become part owner of an existing already planted teak farm. Participation in the goverment approved tree farm provides the benifits I have listed. I think you need to do your homework. I have.
Brick by Brick Terri. Travel here, live here and then own here. Its not for everybody but I have lived here on and off and I love it. The crime is starting to concern me a bit. I have never had bars on my windows but i am considering it. Crime is picking up in the US too particularly by the Mexican border. So, you never know, just exercise situational awareness and be proactive protecting your self, family and stuff.
In the purest sense of the word I agree. But, regenerating a secondary forest and tree farming are differnt. Tree farming is a cash crop and somewhere between regenerating secondary forest and deforested land. It is not the best or the worst. I would rather see a stand of teak trees than deforested land.
These lands usually have no structures to speak of, are professionally managed, approved by the government and make a profit. Tree farming takes time, so it’s not for everyone. The major benifit as I see it is PERMANENT residency immeadiately. You also stand to make a profit on the trees. As far as the land goes, yes it is remote so you may not be able to sell it soon, but there were many parts of Costa Rica that were once considered remote and because it is such a small nation – how remote is any part of Costa Rica really. It’s not the vast deserts of the US or the Canadian wilderness or the Outback…. so its a viable option for some. Especially if you finance it. I only know of one program that is preapproved by the goverment.
This program includes forest management. No other investment required. You own the land and the trees. The only other thing you pay is property tax which is very very low. If I wanted to live in Costa Rica and be able to work at any job, I think its the way to go. The other residency catagories do not allow you permanent residency. This program does. And you only have to be here one day a year if you want.
It not only gets you over the residenct issues it gets you PERMANENT RESIDENCY. That a big difference than waiting three years for permanent residency. It makes more sense now that the financial requirements will probally be going up. You put $60 k down and the 40k balance plus accrued interest is paid off when the trees mature and they are sold. In essence its only 60K out of pocket. And you own the land.
I can put you in touch with people that will finance about 50% of your pre-approved reforestaion project purchase.
Its a great way to be able to legally work at any job in Costa Rica. And you only have to spend one day in year inside the country.It also covers your entire family.
You actually own the land and the trees too. If you have the money and want to tie it up for a while its a great way to go. Most likely you will eventually turn a profit. It has to be a pre-approved program though.
I bought a piece of property in a Tico neighbor and split it up into 5000 m2 lots. Sold them off and half of the buyers were Tico and the other half gringo. That was a mistake. My neighborhood is now filled with he very people I was trying to escape. They tore out the coffee (I should have put a deed restriction in to prevent that). built walls and huge houses. They never say hello to anyone and don’t like the Ticos. I hang at the neighborhood watering whole and everybody knows me and I them. It’s wonderful! The Gringo drive by and scowl when they see me hanging with my Tico buddies! What a bunch of stuck-up jack asses. Yeah, I made a mistake – I should have never divided the property.
In retrospect I screwed myself. I made very good money, but my lifestyle is lost. Be careful what you wish for….
If I had to do it all over, I’d do it differently.
BTW – Living with the Ticos is what CR is all about. You can keep Escazu and Santa Ana and the pretentious Ticos (there are a lot of then now). Give me the real life – the country life any day. “Give me the fruit and let me grow – let the rude man take the gold” – Bob Marley.
Edited on Apr 21, 2009 10:07
Scott – I see you have regained your composure. She’s a tough one but you are handling it very nicely. Don’t forget – CR has many natural amenities the states do not have. Although I divested partially, by no means have I divested completely. Real estate wise I have almost 40% of my assets in CR.
There is intrinsic value to living here. One of them is not having to encounter people who only want to talk about money. When I say hello to a friend here in the US, the conversation turns quickly to job and money. Not so in CR. Plus there are not many genuine CR country folk in the US.
So – don’t forget about all the touchy feely things and natural beauty this country offers. I love the lifestyle here and came for that reason, and ended up investing because I believe in Costa Rica.
grifz77
I like your sesibility and knowledge. But what is the interest you have in CR? Do you own here?
BTW grifz – I recently sold seven figures in CR and invested it in the states. I see CR entering into it bottom the next couple years and then when the up swing in the states cools, it will be back to the CR market.
However, this is real estate speculating, of which I am guiilty. Real estae is an ugly commodity to speculate, as people need it to live in.
But since people no longer work for one company their entire lives and retire with a company managed pension, it has created a country of speculators (rather than investors).
Scott and others bagged on Rich Man Poor Man, however, whne the paradigm was correct many used it to make money – that said, another thing it did do a good job of was pointing ouy the difference betwweb speculating and investing.
The problem is many people over leveraged their positions, so they could not cover their overhead when the market turned.
They became speculators instead of investors (greed).
Right now where I am, you can invest 50K (20% down) and rent it for 1900 a month. Do the math. It shows a nice cash flow (which makes it an investment ve specualtion, where you might endure a negative to hold out for the appreciation) Speculation is a nice word for gambling.
But its all a gamble.
Scott, please dont run off the smart people for being smart – even if they are disagreeable or contrary to your opinion.
It’s people like grifz77 that me me want to contribute to the fourm. Most people here seem to drink the same kool-aide (informative but boring ).
BTW 77 – is that your birth date?
Ask anyone who has dealt with Gary Morris. His reputation precedes him. Try the hardware stores in Quepos – you’ll get it. He owes everyone. I’m just trying to warn you. It’s up to you to find out for yourself. If he promises you infrastructure … well he’s the king of person who could be dribbling down your back and easly tell you its raining.
I appreciate the banter between Scott and grifz77. It has been truly entertaining (because of grifz77 mature wit and excellent humor). I see no reason for her to validate her point of view. It’s hers to have. Scott does seem defensive. I can’t see why. Nobody bats a thousand, and he sells real estate so obviously he should be optimistic about what he promotes.
Scott does a great job at this and is obviously successful at what he does (sold 67 condos to VIP members? – how much commission per sale – let me take my shoes off so I can use my toes to figure that out).
However, I have seen Scott admonish posters that do not agree with his sense of decorum, or are aggressive. I don’t like that. I think most are adults and we can disagree and be disagreeable, or not, while receiving value and having a little fun.
You don’t have to win all the time Scott. Being right at the expense of being a gracious host may not be worth it. I have enjoyed some of the loud mouth who no longer post here and get tired of the same group that consistently post here (you guys are coll. It’s just that I’d enjoy wider participation).
Overall, it’s a great site and I appreciate and am glad to see Scott being successful. But maybe should work a little less (you seem kind of grumpy lately (LOL).
Gary Morris is now associated with Lomas Coronado in Puerto Cortes. Watch out. This guy has no personal honesty what so ever. Don’t trust him.
Marcia, Costa Rica is not for everybody. There are great rewards and risks. When the perceived risks outweigh the perceived rewards, people will choose not to come here.
I personally wish this place was less popular. So its music to my ears to hear that less gringos are coming.
Costa Rica is CENTRAL AMERICA. I wish people would remember that before they consider moving here. There would be a lot less whining about how things are not like back home.
Before CR was for the bold and eccentric adventure types. You met someone here and it was always an experience. Now there are the boring “I’m trying to replicate my US lifestyle for less money” types, complaining about the cable programming. They could care less about Tico life and won’t make any effort to assimilate.
Yes, mid-America is here belly-aching about how things are because some real estate salesman fed them a line, and they did not bother to research it before they bought. We need a good book about the reality of living here. Not just a don’t say anything bad about CR book. Those writers are liars by omission.
I went to one of their websites and the guy had the cajones to say he wished that CR was like it was before, – when he is one of the people most responsible for bringing the influx of Gringos here. Wow, let’s try and have our cake and eat it too. What a hypocrite.
