Forum Replies Created
-
Posts
-
Did you read our article ‘Costa Rica Healthcare for Military Veterans’ which you can find at
The ‘Costa Rica Cars – New or Used?’ is an important article and talks about import duties at:
Scott
My strategy is simple – High probability low risk
Like any investment, the more potential profit there is, the more speculative it is.
My goal is NOT to show you speculative real estate investments because:
A: The risks are too high and too many projects do NOT get built and…
B: To be blunt, 95% of our VIP Members are at an age where they should not be speculating on anything never mind real estate in a small Central American country called Costa Rica…It’s hard to start all over again at age 53 because that fantastic real estate investment you invested in never got built…
My goal is to show you “blue chip” real estate investments from real estate developers with proven experience in delivering a high quality product in Costa Rica.
So you may not make as much money with the real estate we recommend but, I can promise you, the risk of you losing money is very, very low indeed.
Scott Oliver – Founder
WeLoveCostaRica.comAgreed entirely!
This country is not here solely for people to try and make money by flipping real estate. Costa Rica is my home and part of what I try to do in a very subtle way, it to turn people off Costa Rica.
You want to come here, chop down trees without permits and try to ‘develop’ real estate and take advantage of local people and your own people – PLEASE stay where you are! (You would NOT believe some of the ideas I get emailed to me…)
If you come here to love, respect and accept the country and the people as they are (because you ain’t gonna’ change notin’) then bienvenidos!
Some people did very well buying the DotCom stocks too… Most did not. I am by profession a Wall Street trained investment advisor and when we first arrived here my clients thought of me as crazy when I counselled my investment clients NOT to touch DotCom stocks… “But it’s different this time.”
It’s not!
People are the same. Human nature is the same, the same fears and greed unfortunately remain and it appears to me based on recent events that ‘man’ is more barbaric now than the prehistoric man ever was.
I’m still crazy but deliriously happy and crazy!
Scott
As a single male living in Costa Rica, I would suggest that after you have paid for your accomodation costs, you should definitely be able to live comfortably on US$1,000 per month
Scott
It will be very difficult for you to find a rental home for such a short period. Standard rental contract is 3 years and even if you did find one you would either hjave HORRIBLE furniture or if it’s one of the high-end places, you could pay $3,000 per month and up!
Here’s a couple of those long-term, apartment hotel type arrangements:
Most expensive: http://centralamerica.com/cr/hotel/vdelrio.htm
Moderate priced: http://www.mariaalexandra.com/rates.htm
http://www.casareflejoscr.com/suites.htm
http://www.costarica-hotel.com/usa/index.html
Value Priced:
http://www.apart-hotelroma.com/index.htm
http://www.apartotelcristina.com/english.html
http://www.conozcacostarica.com/vallecentral/hoteles/elsesteo.htm
Bed & Breakfasts: http://www.CostaRicaInnkeepers.com or
You might want to try a Homestay Program first, take your time, have a good look around and learn some Spanish while you’re at it…. In case the link doesn’t work it is:
http://www.homestay.thebells.org/brochure.htm
You will normally pay a lot more than you would pay in a good B&B but you would have your own kitchen etc&
Please note that I have NOT stayed in any of these places& The only one that I have been inside is the top one Villas del Rio, which is lovely but, you are paying through the nose for their facilities.
Please let us know how you get on….
Scott – Founder
WeLoveCostaRica.comThere are some lovely areas in Coronado and since it’s not one of the ‘gringo’ hangouts the prices tend to me far more realistic.
I have been out there on a few occasions visiting an investment client who’s family owns the HiC bottling company…
Scott
Maravilla – I am having so much fun I can barely contain myself ….
Scott Oliver – Founder
WeLoveCostaRica.comIf you are American, you can not hide.
The Costa Rican credit reporting agencies are absolutely, inextricably tied into the US credit reporting systems
There are six credit reporting agencies in Costa Rica: Teletec is the most popular and Cero Riesgo S.A are probably the two biggest
Cero Riesgo S.A.
InfoCrédito (Teletec)
Datum.net
Protectora de Crédito Comercial S.A.
Trans Union Costa Rica:
Infor.netInfor.net works with ChoicePoint of the USA and supposedly has data on over 18 million Central Americans and various intelligence agencies worldwide use Infor.net regularly.
Scott Oliver – Founder
WeLoveCostaRica.comMaravilla and I have been discussing our projects and it would appear that we have both succeeded in building VERY affordable and two very different homes in Costa Rica.
This week, my new cypress home in the mountains should be finished and unless there are any spectacularly surprising events, the home should be built for just under $62,000.
This price does not include the cost of the land but does include all architect fees, building permits, attorney fees, a massive fireplace, bathroom fittings, lighting and a ‘country style’ fitted kitchen.
This is a two bedroom, 1,840 square foot cypress wood home. Of that 1,840 square feet, about 500 square feet is a huge wraparound terrace so my cost per square foot will be comparable.
If I add the cost of the land (about 2,400M2 or 25,824 square feet) which was US$16,000 – my total land and building costs will be under US$80,000.
I will be writing about this in the not so distant future but you ca NOT tell us that building your own home has to be expensive! We know because we have proved it can be done!
Two brand new comfortable homes that any Gringo/Brit/Canadian would be very happy to live in for way under US$100K
Scott Oliver – Founder
WeLoveCostaRica.comI am NOT referring to Jardines de Sueños in this posting but another project that’s about to start in Jacó.
After programming today’s newsletter, I spent all day today in Jaco visiting the land that has already been bought by a very experienced development company I know well.
Lorenzo (the developer) took me there to show me the area. He is meeting with SETENA tomorrow to find out if they have the go ahead to start construction. They have however bought the land, they are the owners and they have paid for it.
They will offer 89, 91 and 93M2 (1,000 square feet) apartments, the 5-7th floors will have ocean views and prices start at US$115K and the penthouses go for US$209K
The project is 200M from the water – I know because I walked to the beach at about 11am this morning… Bloody hot day!
They are building 252 apartments and because they have already built nearly TEN THOUSAND apartments in Central and South America, they have a very good track record and an impeccable reputation – they have already sold 106 apartments… Mainly to people that have bought from them previously and, they have yet to put a spade in the ground!
I will be featuring this new project in the next few weeks because to be blunt, I REALLY believe in these people and they will be offering well built apartments at great prices in an area that is experiencing good growth!
My goal is to show you high-probability, low risk real estate investments and this is truly a “blue-chip” Costa Rica real estate investment!
Scott Oliver – Founder
WeLoveCostaRica.comNah! Here if you’re fat, they’ll call you “gordita” which means “fatty” – Or “flacita” if you are “skinny.”
They use terms like this as a form of endearment and it is NOT AN INSULT!
You just need a good back-up story… You know, along the lines of…
“Well when she was a small puppy, she was just so beautiful, intelligent and graceful that I just had to name her after a dear Tica friend of mine.”
You’ll make a million friends faster than anybody has ever done before.
Thank you for your kind consideration of the wonderful people here and welcome to Costa Rica – Boondoggle!
Scott – Founder
WeLoveCostaRica.comMay I sugegst that you read our Costa Rica Mortgages article?
which will give you a very good idea of how the banks work here “if” you are a fully legal resident of Costa Rica
If you are NOT a fully legal resident of Costa Rica it is very hard to get a mortgage
Scott – Founder
WeLoveCostaRica.comSounds very reasonable to me… Too many people USE real estate agents as tour guides with no real intention of buying something. I hear these stories every week and he’s right!
Most agents will only show properties that they have the listings for so if he will show you ANY property for sale then to be blunt, he’s probably worth the $50 per day because he’ll save you a lot of time and only show you whate you want to see and not what he wants to show you….
Good luck!
Scott
