How to begin
In today’s world of instant communication there are literally uncountable sources of information but, in the end,
this mass of advertisement and data boils down to just a
few important issues. Let’s take a look at some in the order
of your needs and goals.
What do you want?
Probably the most essential question to ask yourself is
the reason for pursuing your dream. Is it because making a
foreign investment could provide the potential of additional
income and appreciation in the future? Is it a search for
a better climate where you can spend some of the dreary
winter months, or is it just the prospect of a late life adventure? Your reason to invest abroad is paramount and should
hopefully meet your needs, those of your spouse, and other
members of your family. It all boils down to managing your
expectations and your bank account in a way that dreams
and imagination can become real. It was once said of Alexander the Great that he wept when he realized there were
an infinite number of worlds.
Analyze your personal preferences
Next, consider your personal needs: city or remote location, a quiet ambiance or one loaded with night life and
restaurants; island or mainland living, distance and accessibility to home in the US; tropical or seasonal climate;
country stability, cost of living, currency fluctuation, banking convenience, tax considerations, visa and residency requirements; local health care (Medicare doesn’t cover costs
out of the US); personal safety; language spoken; availability
of ample insurance, and other realities whose importance
only you can determine?
How do I find what’s out there?
Once you’ve isolated your own needs and preferences, sift
through the opportunities. Blog search then communicate
with a local expat, troll the websites, and read destination
online newspapers. Google your specific questions—like,
“What is life like in Costa Rica.” If you’ve never done this
you’ll be amazed at how much you can learn online. Each
location will have a few blogs written by people currently
living there or owning similar property, experts in living
conditions, problems, and the joys they wish to share. We
found it easy to communicate with them by email. Online
local newspapers, easily translated by Google if in another
language, are a great source of current information. Look
at the classifieds for lifestyle and local news. Read between
the lines in the op-ed pages to get a wealth of knowledge
about the political climate, the real costs of goods and services, and a little insight on where the country seems to be
Examples of Resorts in the Caribbean:
Fortunately, there are resorts and retirement communities who have solved much of the known or as yet unknown
pitfalls for people considering a foreign investment. They
have done their homework and know what their customers need to make a sound home or apartment purchase.
Consider these examples of some excellent opportunities,
delightfully foreign yet near the US; tropical island living
steeped in luxury.
Cotton Bay, St. Lucia - A small, resort village of 75
apartments, townhouses, and villas on the beach of St. Lucia
with club house, restaurants, pools, and more. Cotton Bay is
filled with great outdoor activities, has daily housekeeping,
concierge service for spa appointments and restaurant reservations, or excursions to see the island’s majestic scenery.
You can also participate in a host of exciting water activities.
English is freely spoken but most of St. Lucia’s population is
of African descent and speak an island patois. Flights from
Miami probably require a layover in Port of Spain, Trinidad,
but time in the air is approximately five hours.
Iberostate Bavaro in the Punta Cana region of the Dominican Republic is a medium sized resort on the beach
composed of 75 two-story bungalow-type villas set in
abundant gardens of tropical flowers, lagoons, and soaring palms. Dining options include four stylish bars and
six specialty restaurants, along with an international buffet
and snack bar that offer varied and tasty menus in themed
atmospheres. Guests also have full access and dining privileges at neighboring Iberostar Punta Cana and Iberostar
Dominicana. The on-site 18-hole P.B. Dye Golf Course