Opportunities are everywhere, and as you look around for them you may identify trends that appear attractive. In today’s uncertain global economy one trend that deserves your full attention is creating passive income through real estate investments. Over the last decade we have seen individuals capitalize on that opportunity. By jumping into a commercial mindset you can discover that even the most sought after properties can generate the passive income that allows you not only to become financially self-sustainable, but also to enjoy a more comfortable life style. Is this possible in a developing country like the Dominican Republic? The answer is yes! With its endless business and income opportunities let’s take a moment and highlight some of these income generating investments.
When entering the market in the Dominican Republic, you will find many multi-functional properties that can give investors the immediate return on investment that they are looking for to grow their portfolios. Like other developing countries hoping to expand their tourist industries, the Dominican Republic has a high demand for new establishments, especially along their coastlines. Bookings in rental properties are always steady. They are attractive because they offer many of the amenities of resorts and hotels but with more options and more flexibility.
DR offers some of the best AirBNB vacation rentals available in the Caribbean. Take this beautiful 6 bedroom rental with a calculated cash return of 1% of the purchasing price per month. With this large private villa that can accommodate both family vacations and larger
group events, you can focus on long term rentals or on short term bookings. And you still will be able to reserve dates for your own family holidays. The current owners are doing just that, and by capitalizing on this online rental market, they are enjoying the rewards of their passive income. Looking for a more challenging and hands-on experience? If you love to cook and enjoy bringing people together around the table, there are exciting opportunities for you. Picture yourself bringing your culinary skills and your own touches to the table in an already established restaurant or café. You may even choose to amplify the return on your investment by purchasing a property with both an eatery and rental units. One such opportunity is Dolce and Sapori, a quaint cake shop and restaurant with 6 studio apartments.
Residual income from the 6 studios will allow you to free up your creative side as you put your personal stamp on the restaurant and the beautiful tranquil lounge area in the back garden. Take the time to appreciate the hands-on opportunities these multi-purpose units
have to offer you and dream big when imagining. Speaking of hands-on experiences, one of the most lucrative returns on investment you can imagine are the ‘fix and flip options’ the island offers. Talented buyers are investing in the Dominican Republic, changing long forgotten gems into sparkling sensations. Homes have gained tens of thousands of dollars after improvements done quickly and cost-efficiently using local labour. You can immediately envision the opportunities in flipping a home that needs fixing. But you first want to analyse the cost of the property in terms of the repair value, and once you can confirm it is profitable, you – as many others have done in recent years – will benefit from your investment. However, if you are not familiar with these costs, book an appointment with one of the RealtorDR Team Builders to ensure you know values of materials, labour, and timelines it will take to bring these plans into reality. Take, for example, the 2021 Constructed House In Sosua Ocean Village. Opportunities for investors are constantly growing in SOV, with a guaranteed rental system that has been operating smoothly. You can invest in an existing house, or easily expand a home to have more square footage for rental or resale return. Our builder will provide you an idea of building to set you on the journey of bringing your vision to reality.
Another attractive investment is a functioning business. One example is Barefoot Boutique Hotel, a fully functional boutique hotel with revenue of $300,000 USD in 2021.It is ready for the next owner to open its doors and to grow the business. A boutique hotel occupies its
own niche and you, as owner, could maintain the current focus or re-focus to your own taste. In owning the hotel you would experience the DR culture while living the life you have been dreaming and saving for. If you are looking for a hotel with additional business potential you would like this successful business. This 17 bedroom hotel includes a yoga studio. As owner you could offer accommodation and relaxation all in one. The goal at Realtor DR is to shed light and educate where we can on these investment opportunities – giving more everyday people the chance to become extraordinary through their passive income earnings. From the vacationing clients that purchase these incredible properties, to the long time business owners that end up relocating their operations here after visiting, there is a hidden gem for everyone. The diverse opportunities in DR are open to any and all backgrounds. If you are a tradesman that has decided to reinvest your wealth somewhere by the beach there will be the perfect place for you. If you are an AirBNB manager deciding that the next level is a hotel chain, then DR is your next destination. If you look at the countless successful businesses and rentals in the area, you will see that the future is limitless.