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Unless you have SIGNIFICANT experience in renting out vacation type properties, I don’t think that buying any home at the beach and relying on the monthly rental to cover your basic costs is a smart investment move, especially from a distance.
There are just too many variables.
All ‘projections’ are just that – ‘projections’ and if a builder is wrong with any of his estimates, or if construction costs are more than he anticipates – which we all know happens often to experienced builders never mind first time builders – then the whole idea of enjoying $XXXX per month in ‘income’ becomes mute.
I would encourage a real estate investor to think of it as a long-term growth investment where the idea is to buy at one price and hopefully sell at a higher price at some stage in the future.
Obviously for many real estate investors in Costa Rica, this has been very profitable but, it’s important to have enough money set aside to cover all of your monthly expenses whether you have any rental income or not.
“If” there is solid, no-headache income, then great! That’s icing on the cake but unless you already have some king of a long-term rental agreement in place when you buy the property, I would suggest that it’s ‘speculation’ to think that you will definitely have enough rental income to pay all your bills.
Scott
WeLoveCostaRica.comI don’t believe that any rental car companies would allow this but will make some inquiries for you.
Scott
WeLoveCostaRica.comDon’t know but you might want to double check with the people at the Unity Church in Santa Ana, 350 meters south of the restaurant Shang Hai in Piedades de Santa Ana
Their telephone number is 011-506-203-4411
They are sure to know ….
Scott Oliver
WeLoveCostaRica.comWe should have an article about Ciudad Colon for you within the next week or so…
In the meantime, I can assure you that like most areas around the Central Valley, you will not need heating and you will not need air conditioning. Some days can be a bit ‘toasty’ but a small ceiling fan should do the trick and it is always pleasantly cool in the evenings.
You can read more about the Julia and David White artists’ colony whcih is in Ciudad Colon at
Don’t believe that there are presently any health food stores there in Ciudad Colon but you would only be a fifteen minute bus ride to the MultiPlaza shopping mall where you can find everything you need….
Scott Oliver
WeLoveCostaRica.comThere’s an article about Sarchi furniture at:
I am thrilled with the quality and the prices paid for my new fitted kitchen, the living room couch, chairs and table that I bought from Carlos
Scott
WeLoveCostaRica.comI hope that Costa Rica will always have a warm “Bienvenidos” for wonderful humans like you …
Scott
WeLoveCostaRica.comI only met Martin once.
Martin and Robin Rice great examples of the kind of people that are good for Costa Rica. They love Costa Rica warts and all and they cared for the people, the land and the animals.
I’m sure that they are missed.
PS. His wife Robin helped me identify the bat which you can see at:
Scott Oliver
WeLoveCostaRica.comWhen you say that management is “squirly” and something is “not right” what specifically do you mean by that? I don’t understand what you are referring to…
Scott Oliver
WeLoveCostaRica.comIt’s one of those ‘what’s in it for me’ if I do “help” you scenarios?
Somebody can help you ‘relocate’ but how do they get compensated? It’s a LOT of work and most people moving to Costa Rica really aren’t willing to pay someone to help them with it…
Some real estate agents do a great job of helping people get relocated but understandably will only take the time to do that ‘if’ you buy a home through them.
It’s one of the reasons why we started WeLoveCostaRica.com to ‘try’ and give people enough information to help them relocate without any serious problems but of course every family has some kind of a unique challenge that needs resolving .
Just as a matter of interest, of someone was to help you with all your relocation needs, what would you be willing to pay someone to help you?
Scott
You do need to speak with a qualified immigration attorney but it’s my understanding that ‘if’ you were married, the US$1,500 monthly income would be quite sufficient to qualify but, if you were NOT married, that would not help at all.
You might want to see attorney Roger Petersen’s recent article to verify the facts which you can find at:
Scott
Please contact Dr. Adrian Molina who will be happy to give you all the up to date requiremenmts to get your pets in and out of Costa Rica
You can see his contact information at the bototm of this article:
Scott
I have some pretty significant business, technology and entertainment expenses but still live very well indeed.
We love to cook fillet mignon, lamb, rabbit, salmon and typically enjoy a good Chilean wine with dinner so we’re not ‘suffering’ or scrimping at all.
If I didn’t have the to pay for the costs of running a business/es and was retired here I could live extremely well on about US$1,500 per month but I know many, many people who seem to enjoy living in Costa Rica on a lot less.
Scott
There are certainly plenty of reliable construction companies here depending on the area that you are planning on building in…
It’s my understanding that the geodesic homes are incredibly safe homes and not particularly complicated to build so if you have good building manuals for them to use then you have already helped narrow the possibilities of things going wrong during construction..
As for being a woman alone. This is a “macho” place but it’s also a matriarchal society so the men are accustomed to taking orders from women!
Please let us know how you get on, we would love to have an article about this kind of home in Costa Rica.
Scott
L&J
This seriously MUST, HAS TO BE, GOTTA’BE be some kind a Costa Rica banking record! Congratulations!
And thanks for sharing …
Scott
