Caribbean Property

Has anyone purchased property in the Caribbean? I'm looking into buying a condo somewhere and was wondering how anyone got financing? I'm just starting the initial process and was wondering if anyone had tips, pitfalls, etc. Especially preconstruction condos...

Comments(4)

  • johnbriscoe18th January, 2005

    I'd like to hear also. Some countries don't allow foreigners to own property.

  • tzachari18th January, 2005

    I just got back from the Bahamas. Its unbelievable to see the number of timeshares, condos available for sale. I think, as long as you have enough capital for downpayment, and a bank willing to finance you, you can buy anywhere in the world.

  • nic345618th January, 2005

    I've read alot on the different rules of ownership and local financing, but I'm hoping someone out there knows of lenders in the U.S. I could use? I've read stories of 30% interest and 50% down payments in some local places. (Not quite the type of investing I'd like!)

  • jrtechy18th January, 2005

    If you include Puerto Rico in your Caribbean interest, the laws are pretty much those of the US. Send a private message for additional information.
    grin
    JR

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