Corn Island. Gringos are just starting to move in and prices are still reasonable for a Caribbean island.

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I am a triathlon coach and will be in San Juan del Sur for 6 months and looking to rent small house - maybe buy later - for myself 2 bedroom nice with garden in local community sectíon - inexpensive - close to beach - lap pool would be suprr -no air conditioned gringo tourist cindo for me.
Will be arriving from Flamingo Beach Costa Rica June 5 - let me know
Pura Vida
Ernie Torricelli
Ernietorricelli1@gmail.com

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How do I find property listings or word of mouth leads. Most of the realty sites have elevated prices or listings of the usual places. Feel free to pvt msg me too.

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Get a place on the banks of the new canal so you'll have a place for your boat.

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LPCs
Put on your leather personnel carriers and go look for them!

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This is the way I found my farm:
1. I identified what I needed, ie. city water/clean well, elec., paved road or short distance to one, no flood zone, etc.
2. Ride around that area and ask whoever you see if there is any property for sale like you are looking for.

You will be surprised how fast you will get good leads.

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I like that idea. I have heard the stories of a few people who have done that. I do not have a car here so driving around is a big challenge. Personal drivers are expensive, but that might be the only option should I opt for traveling the area I like. I actually spotted de vende signs on properties from a seat on bus while running errands.

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Maybe it is me but when I here a person wanting to move down and buy XYZ type of property and then states "driving around is a big challenge. Personal drivers are expensive", that raises a red flag. You can rent a car for a week or two for a few hundred a week. Add in fuel and for a two week trip scouting for property would be less than $500. Hire a driver may be less, depending on the location and amount of driving.
If you are worried about spending $500 on you property hunt, then maybe you should not be looking for a property or maybe you should save more before looking. Just my 2-centavos.

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Great suggestions - if not committed and organized don't get in the game

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Start with a hotel, move to an apartment, see if you like the country enough to buy property sometime later. The eternally renewable Nicaraguan tourist visas are a dream come true. Take advantage.

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Amen to GD post about saving a dime to buy land....the thought occurs to me all the time in not only this, but other posts.

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Your post mentioned high returns. That generally does not happen on residential rental properties here.
Your only hope for high returns is speculation better known now as "flipping". Flippers are quick, have wheels, cash in hand, cash in reserve, and gitterdone.
Real estate deals in Nic are cash, on the ground, in Spanish, and have a much higher risk than in the US. A lawyer who is honest, or crooked on your side is a must.
Reserve cash is needed to protect your title AFTER the deal is done and the vultures appear.

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I am visiting San Juan del Sur. I have been here for about 3 days now. I had a conversation with the manager of a hostel here in town. He mentioned that there was a cottage/cabin or sale (semi modern) for under 50k on less than half an acre. I went to see it and it was not a bad place at all. About 8 to 10 min from the beaches. Would a property like this be an example of a high-returns real estate investment? It's not quite the farm, but it looks like it has potential with about 2500 to 5k investment to flip.

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I am visiting San Juan del Sur. I have been here for about 3 days now. I had a conversation with the manager of a hostel here in town. He mentioned that there was a cottage/cabin or sale (semi modern) for under 50k on less than half an acre. I went to see it and it was not a bad place at all. About 8 to 10 min from the beaches. Would a property like this be an example of a high-returns real estate investment? It's not quite the farm, but it looks like it has potential with about 2500 to 5k investment to flip. Please explain what you mean by "after purchase, the vultures appear"

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IMO......There are so many properties like that about that I do not see that as any kind of an upside filp.

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Nearly everybody who can use a calculator sells real estate in San Juan del Sur. Which hostel are you staying at?

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IMO......There are so many properties like that about that I do not see that as any kind of an upside filp.

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Hi Artisthealer,

While this property may seem like "not a bad place", there is a lot more to it than that. First, what your idea of a "high return" might be different than someone else's. What is your time horizon? What are your holding costs? Rehab costs? Management costs (even if you are going to be there, your time is worth something, so don't say zero)? Marketing / sales commissions / taxes...cost due at sale? This is assuming there is a demand for such a property. That leads to an important question; WHO is your target market? Local, retiree, expat vacationer, rental owner...? You must understand that in Real Estate anywhere, with some exceptions, it is a illiquid investment and the level of liquidity depends on may factors. One of those is demand by your target market.

I think you need to truly evaluate your situation fully before you get yourself into financial trouble. There is more to making in Real Estate than just buying, putting in $2,500 - $5K, flipping the property and then making a "high return".

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"Vultures" refer to the people who show up later with a claim to your property, your water, etc. More a problem on rural acreage in the north. Note that they do not have to have any legal claim, just the willingness to tie you and your lawyer up.

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Buy or rent? $50,000 divided by $250 = 16 plus years, plus freedom to move when chicken farm moves in next door, or you get beaten and robbed four times in two years, or when a local pol appears with a deed to your property signed by Commandante, or when you need to be hospitalized for an indefinite term in the U.S. because equivalent healthcare does not exist in Nicaragua, or when......or when....or when....

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Plus: not responsible for maintenance and repairs (owner may not either, but you can move).

$250 doesn't get much, but $350 does in many places, and even that's about 12 years

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And $500 gets a real lot. If you tack on 2% interest on the 50K that gives you 10 years. Hmmm. An idea. Of course you give up the appreciation in property value....guess that could be big...or not. I came, looked and bought. Happy with what I have, but could have done it as above and be happy too.

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Hello

Corn island and the caribbean coast is cheaper , than the pacific.

YOu can find in 20$ per sq meter in Corn Island.

I buy a land in bluefields, for 15$ per sq meter. a nice place, with a view at the lagoon.

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Who do you think is going to give you financing here? Think again!...If you are over 50, the bank won't even give you a car loan.

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vivatropical.com is a great site run by guys who I've learned a lot from. Not saying its the best, but one I'd check out.

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Hahaha! That is a great answer and says it all. Love it

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