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About the Dominican RepublicWhy Own Real Estate in the DR?Whats in it for you?Who Are We?Types of Properties We Sell and Why

Who Are Our Buyers People Like YouEarning Rental IncomeThe Buying Process/FinancingResidencySome Sample Condos & VillasAbout Casa Linda Villas

TONIGHTS TOPICS

All About the Dominican RepublicWhy Own Real Estate in the DR?Whats in it for you?Who Are Our Buyers People Like YouTypes of Properties We Sell and WhyEarning Rental IncomeThe Buying ProcessResidencySome Sample Condos & VillasCasa Linda VillasQuestions and Answers

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936 miles * 1508 kmThe Dominican Republic is located 1508 kilometres south east of Florida.

The dominican republic is located in the caribbean. It is just over 900 miles south of floridaBelow and to the right of cubaBeside jamaicaIt is directly east of the mayan rivera and belize3

ABOUT THE DOMINICAN REPUBLICArea of 48,442 sq. kilometres or about 18,000 sq. milesOver 1,000 miles of coastlineAverage year round temperature of 28CThe north coast experiences no hurricanes#1 tourist destination in the CaribbeanClose economic ties with the United States and Canada with free trade & tourism (we even print their money)Vested interest in keeping expats and foreigners happyWestjet and Air Canada fly into Puerto Plata and SamanaSpanish speaking with English spoken in tourist areasCapital is Santo Domingo Colonial Zone is Unesco World Heritage Site, first city in the New WorldPopulation: 10.28 millionInvesting in education for the people of the DRMuch lower violent crime rate than the US, Costa Rica, Belize, or Mexico

Area of 48,442 sq. kilometres or about 18,000 sq. milesOver 1,000 miles of coastlineAverage year round temperature of 28CThe north coast experiences no hurricanes#1 tourist destination in the CaribbeanClose economic ties with the United States and Canada with free trade & tourism (we even print their money)Vested interest in keeping expats and foreigners happy

Westjet and Air Canada fly into Puerto Plata and SamanaStop in Toronto or Montreal to change planesSpanish speaking with English spoken in tourist areasCapital is Santo Domingo Colonial Zone is Unesco World Heritage Site, first city in the New WorldPopulation: 10.28 millionInvesting in education for the people of the DRMuch lower violent crime rate than the US, Costa Rica, Belize, or Mexico

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WHAT THE DOMINICAN REPUBLIC OFFERS:

North American services with excellent infrastructure like shopping, restaurants, internet etc.Large Canadian community Unlimited activities, social groups and events First world medical facilities and services low cost for medical insurance - $1400/family each yearImproved quality of lifeFully owned, secure real estate investment (no bank trusts, life leases). Click for more detailsLow to no taxesGood rental returnsAirport 10-minutes awaySimple residency process

North coast has a large, active international expat communityUnlimited activities, social groups and events to participate inExcellent infrastructure like shopping, restaurants, internet etc.First world medical facilities and services low cost for medical insurance - $1400/family each yearBeautiful climate improve your quality of life. Summer all year.Fresh fruits and vegetables no chemicalsNorth American style shopping and products even a dollar store , Costco, and Ikea A secure real estate investment with fully owned titles no bank trusts or life leasesYou receive the deed and title to your property in your nameSame rights as DR citizen with regard to owning real estateThe DR government wants you and is very foreign investment friendlyAffordable real estate and high rental returnsAirport 10 minutes awayNo limit on how long you can stay in the country and residency status is easy to obtainLow to no taxes payable Cant put a price on this great climate and what it brings to lifeTell story about donkey and fibre opticsTell story about kidney stones

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LETS PAUSE FOR EFFECT:A typical backyard in January

SO WHY ARE WE HERE?

This is an An average morning in ONTARIO in january

AnD in the DR (we can go to the beach cause our cars started)6

According to this photo from winnipeg free press Hell had actually frozen over and its Canada

We were too busy eating lunch on the beach to notice7

From Edmonton originally still spend a few months per year thereBetween us, we have years of experience in real estate, finance, & marketing.Seriously considered Mexico, Belize, Costa Rica, and BarbadosThe DR provided the best balance of price point, government stability, climate, community and moreBeen helping others buy DR property for 10-years

A LITTLE ABOUT US:

Our namesOur story and background.Conservative in real estate due to lending history

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Are located in gated communities with 24-hour security lock up and leave New and resale condos and villasHave full administration services (bill payment, maintenance, housekeeping, garden/pool care)Offer rental programs with international marketing, check in/out, damage deposits, onsite services for rentersHave financially sound developers

ALL PROPERTIES WE SELL:

It is unwise to leave any property sitting empty in any countryMost of our buyers will not live here full timeWill at least return to canada for a few monthsThese services are necessaryMost retirees dont want to mow their own lawn or even do their own housework

Bullet points:Are located in gated communities with 24-hour security lock up and leave New and resale condos and villasHave full administration services (bill payment, maintenance, housekeeping, garden/pool care)Offer rental programs with international marketing, check in/out, damage deposits, onsite services for rentersHave financially sound developers

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Are free for buyers.We are a real estate brokerageWe will give you a thorough view of the DR real estate marketplace as well as local beaches, restaurants, shopping, banking, meet other owners, etc.Negotiate the sale, assist with legal services, insurance, etc.Ensure you understand the buying process Our after sale service is why our clients become friends.

OUR SERVICES:

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40-70 years of ageMost still working, not retiredWill use their DR property 2-weeks to 10-months per yearRequire special services (administration, rental management)Most will use their condo or villa as a rental and earn incomeAre very tired, cold winter hating Canadians

WHO ARE OUR TYPICAL BUYERS?

Same as bullet points:40-70 years of ageMost still working, not retiredWill use their DR property 2-weeks to 10-months per yearRequire special services (administration, rental management)Most will use their condo or villa as a rental and earn incomeAre very tired, cold winter hating Canadians

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Offer to Purchase written and acceptedBuyer sends deposit to DR solicitor monies held in trust accountPromise of Sale is written in Spanish (English version provided)Buyer sends balance of monies or progress draws as specified in contractDeed of Sale (Acontrato de Venta) is the final document that conveys the property from the seller to buyerPurchase registered at Land TitlesClick here for more details

Very similar to Canada

THE BUYING PROCESS

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3.0% property transfer taxOnly on the government assessed value of the property, not market value less than $1,000 USLegal fees 0.75-1% of purchase priceAll fees and costs including disbursements

Two Methods of OwnershipPurchase in personal name(s)Little to no property tax payableSubject to DR inheritance lawsPurchase in a DR company nameGood for investors shares distributed between several ownersNo personal liabilityInheritance laws do not apply 1% due each year on government assessed assets of the company

PURCHASING COSTS

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#1 searched destination in the CaribbeanThe DR is the largest tourist zone in the Caribbean as per Expedia and TripAdvisorSosua and Cabarete units rank higher than Punta Cana rentals (TripAdvisor)Large market for short term (vacation) and long term rentalNorth Coast tourists prefer renting condos and private homes instead of all inclusive resortsBoth condos and villas rent very wellRentals compete with hotel rooms this is why rental occupancy rates are so high

RENTING YOUR PROPERTY::

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No Work for You:International marketing (Airbnb, Expedia, etc.)Fully managed properties lock up and leaveCover costs & earn incomeHigh rental occupancies Short term vacation rentals or long term stays20% taken of short term, 10-15% of long term

RENTAL INCOME & COSTS

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Upon every check-in:Inventory is takenCredit card details or insurance paidLiability waiversDaily maid services (optional paid service)Daily pool/gardening servicesClients registered with security for accessThe property is checked for damages & missing items upon check out

RENTAL PROCEDURES & SECURITY

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Most personally owned properties not subject to taxFall beneath the DR government exemption amountCorporately owned properties subject to 1% taxPayable on the government assessed assets of the companyAlways less than market value$0-$1,800 US/yearFor more information, click here

PROPERTY TAXES

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Two ways to obtain financing to purchase a DR property:

Dominican LendersTime consuming and can be difficultRates 5.95-8%, 25-year amortization, 30% downpayment

Canadian LendersRefinance, or place line of credit, on an existing Canadian property Pay cash for DR purchaseFaster turn around timesMuch better ratesInterest on mortgage is tax deductible

MORTGAGE FINANCING

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No restriction on length of stay in country ( in 3-month intervals)Residency recommended if you plan to stay 3 or more months/per yearEasy to obtainPersonal goods can be imported tax freeLegal resident can work and do business

RESIDENCY & TIME ALLOWED IN THE DR

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SOME SAMPLE LISTINGS: (CLICK FOR WEB LINK)

SOME SAMPLE LISTINGS: (CLICK FOR WEB LINK)

SOME SAMPLE LISTINGS: (CLICK FOR WEB LINK)

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Beautiful homes with titled lots & private poolsExecutive spec, several floor plans to choose fromFull, onsite management and administration programMaintenance, housekeeping, gardening/pool, bill payment, onsite English speaking office

$119,800- $359,800 USPrice includes lot, villa, landscaping and poolInternationally marketing rental program with excellent occupancy rates & returnsRental guarantee of 6-10% of purchase priceLarge Canadian community3 minutes to Sosua, shopping, restaurants and the beach, 10 minutes to CabareteShuttle bus service all day

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24-year history of development, construction, management and rental services

24-hour gated security lock up and leave project

Beautiful communal grounds & walking trails. A parklike project.

Growing project with over 250 villas completed

Upcoming amenities: tennis court, small store, clubhouse, spa, kids waterpark, & outdoor gym.

Financially sound ownership group with no debt & ongoing good cash flow. A sound investment.

SOLID, SECURE PROJECT

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RENTAL INCOME VERSES EXPENSES:2, 3 and four bedroom villasUsing ONLY lowest possible nightly rates and ONLY a 50% occupancy rate

Can make monthly payments or let rental income make the payments70% down: 5.95%; 80% down: 2.95%Pay off without penalty at any time

CASA LINDA FINANCINGNo specific credit rating or income qualifying requiredMakes buying earlier possibleLess exposure to fluctuating rates and currencies

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WHAT DOES THE WORLD SAY?

Three DR Beaches Considered Best in the CaribbeanThe three Dominican beaches were selected from a list of the Caribbeans top 25 beaches. Playa Bavaro in Punta Cana, in the countrys easternmost region, Playa Bonita in Samana, on the northeast region, and Playa Sosua, on the north coast were selected by TripAdvisor, the popular travel site, which included the beaches in its Travellers Choice Awards 2015Access DR 03-15-15

WHAT DOES THE WORLD SAY?The world's 5 best beach cities for retirement2. Sosua/Cabarete, Dominican Republic. Where the verdant green jungle hills slope into the crystal-blue waters off the north coast of the Dominican Republic rest the sand-fringed towns of Sosua and neighboring Cabarete. These are beachfront utopias. There are no high-rise towers, no big crowds and no worries. Life here is all about enjoying what mother nature has created in this world-class coastal spot.The life on offer here is also increasingly appealing to retirees. Expat communities are established and expanding, and planned developments are under way to cater to them. Retirees settling here can choose luxury living in planned communities where houses sell for $400,000 to $800,000, but also have much more affordable options in coastal developments where homes are priced from $130,000 to $150,000.Yahoo Finance - 10-12-14

Real estate in the Dominican Republic is more affordable than you may thinkPrices Represent The Best Value In The CaribbeanThe Established Expat Community Means Amenities And Services You Won't Find Elsewhere In The CaribbeanDevelopments In Infrastructure Make For Easy LivingEasy Retiree ResidencyNot Ready To Retire? The Red Carpet Awaits Investors And Entrepreneurs, Too...Huffington Post - 06-16-15

WHAT DOES THE WORLD SAY?

Please contact Colleen Valerio:780-474-7900 * [email protected] OUT MORE!

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