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Condo for rental income

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StevePhil
5/22/2022 11:30 EST

We are thinking to buy a relatively inexpensive 2 bedroom condo near beaches and walkable distances to everything in Tamarindo. Dual purpose but more for rental income/investment than personal use We have a realtor with great credibility who was recommended to us by trusted friend and don’t DO NOT want a feeding frenzy of recommendations etc. I am curious if others have bought sight unseen and would they do it again and what were unforeseen challenges.

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AshfordTravel
5/23/2022 13:35 EST

Ditto what others have said. It is only a 5 hour flight here (or only 3 if you live in Tampa/Miami) and Southwest has tickets as cheap (under $300 one way from Phoenix) here now.....Miami much cheaper.

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CS2Relo
5/23/2022 10:30 EST

Having worked globally in real estate, it IS possible and some people HAVE purchased without being there physically. I agree that it is worth the cost of a plane ticket to come and view the property. If you are unable to do this, then recommend you have someone walk you through the property with a video call - and then walk the area so you have a clear understanding. Some properties are amazing abodes but it is not always about the house - but where it is located, what other influences are around it, noise, smell, access, etc... Food for thought and best wishes.

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AttorneyKearney
5/22/2022 21:26 EST

I sold a property to a buyer who had not seen it in person, this was at least 15 years ago.
They were happy with the purchase.

Lic.Gregory Kearney Lawson
Attorney/Real Estate Broker

(506) 7103-9771

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