Super-cheap Real Estate Buys in the Dominican Republic, Panama, and Ecuador
“Here’s a 14-room hotel, just back from the beach, for sale for US$350,000. This place looks really nice. Great pool…nice garden. This’d be a great chance for someone,” exclaimed Editorial Assistant Rebecca Tyre this morning, researching current opportunities for the presentation on the Dominican Republic she’ll be giving at the How To Retire Overseas Conference next week.
“Yes, that sounds pretty good…but listen to what I’ve found,” replied Lief Simon, our resident global real estate investing guru.
“A contact in Veraguas has written this morning to tell me about a distress sale. A piece of land selling for about 30 cents per meter. That’s a smokin’ deal by any measure right now. I may not include it in my talk during the conference. I think I might follow up on this myself…”
“That’s interesting, all right,” I replied. “But I’ve got something that’s pretty hard to beat: a two-bedroom, 2,125-square-foot apartment in downtown Cuenca…furnished…for sale for US$55,000…”