Alta Vista - 180 Degree Ocean and Mountain Views on the South Coast

crre@bellsouth.net  ¡  678-445-2400 US  ¡  011-506-369-5666 CR

 

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Generate Rental Income

As a full service provider, we will not only assist with helping you find the right Costa Rica real estate property and contract the construction of your home but we will also help you rent your house to defray expenses.

Depending on what type of home you build, it will rent for between $1,000 and $2,000 per week. But you need someone to keep watch over the house, handle renter inquiries and manage house keeping.  Not to mention, marketing your home to generate rentals.

We have a flexible plan that enables you to generate rental income and not have to worry.  Suppose in the first year you only rent your house 10 weeks but in year two you rent 12 and 15 weeks, respectively, at an average weekly price of $1,200. Your rental income would be:

   - Year 1: 10 X $1,200 = $12,000

   - Year 2: 12 X $1,200 = $14,400

   - Year 3: 15 X $1,200 = $18,000

   - Total 3 Year Income = $44,400

Contact us about rental income opportunities.

 

 

Financing - Making it easy!

When you are purchasing property, financing may play a major role in your purchase. To make the purchase of Costa Rica real estate easier, we offer two financing options:
  1. Bank financing through Scotia Bank - this option is very much like the financing you would get on a home in the US. The property collateralizes the loan for the purchase of the land. There is a loan term (in years) and an interest rate.  Both will vary depending upon your credit and your repayment time horizon.

  2. Owner financing - as the owner and sellers of the property, we "loan" you the money to purchase the property, agree upon a repayment term and interest rate. Typically, we offer this option at the prime rate plus one percentage point of interest. This is a favorable financing option but it comes with a provision; you receive title to the property upon final payment.

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In addition to the two options outlined above, you have two more options: First, if you have the cash and want to pay outright for your Costa Rica real estate, you will receive total and full rights to the property upon closing.

The other option you have is to collateralize your purchase using your current assets. This usually entails getting a line of credit or a bank loan to pay for the property. Then you pay the bank back based on the term of the loan.

Financing can be confusing and bothersome when you want to focus on the purchase or your property. Regardless of whether you buy property from us or someone else, we can help give you advise. Click here to contact us.

 

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