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#51 | |
Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
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Quote:
![]() ![]() I got one property which is.. 80% re-zoned now (made up of five farms - four now rezoned) and a very nice judge dealing with it. As a matter of course, there were the standard objection/appeal processes (they even appeal without having a clue as to the property and these are crushed in court). The only remaining bit to do now is a new map segment which was a query over a public road - but the appeals have been finished and judge has agreed to sign off the last 20% when he's presented with the new map. This has taken about 2 years so far, but should be finished in the next three months or so. You are correct - the value on rezoning is very substantial and well worth the effort, time and money staying with it - even if it took 10 years.
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XXX TLD's - Another mosquito to swat. |
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#52 | |
Confirmed User
Join Date: May 2001
Location: Costa Rica
Posts: 773
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Quote:
Lots of potential still down south...moving to Costa Rica for the new year... sitting on 10acres over 3 plots now.... all oceanfront or 300-500m away at worse. Plan is to build high end boutique villas.... Lenny Kravitz just rented my house for new years *shhh to share with Kate Moss* and enjoy the landscape while still working and playing the real estate market there a little bit. Costa Rica for one *depending on the area* is BOOMING, Sting, Olsen Twins, Harrison Ford are within 1km of my house now, Land is sold 10times over in the past 2 yrs that I have known about this particular place. Was the first place I found to build my house... $160k USD but I needed the full funds in 24hrs...just didn't have it RIGHT THERE with me... so I skipped on it said fuck it... I can buy it later. Its sold in January of this year *approx 8 months after I almost bought it* for 2.2million USD So there are gems of locations all over the world.... I am sure Costa Rica is already fully into the upward swing. My house sits on a $90k plot that I bought in January of this year, my partner bought the neighbor for $155k in February, and I just had an offer of $680k USD for my house *land $90k + house $110k* that would be $480k USD profit in 6 months basically..... $200k liquid down on the spot. Everywhere is booming..but it just can't last.. I mean sure some people are making more money but its not an even spread across the classes. I am sure the offshore high end market will stick around another few years until its hits it roof as well. But it will all have to level out in the end I just decided to play my cards in the jungle where harrison ford suddenly becomes your neighbor then in the hustle bustle city where a bachelor condo is $250k for 355sqft
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Insane, Color and Instant Sensation REalize the potential of dynamic coded features all in real time Vivid Php Code This is the reality of Outsoursouring SKype HolyBauhaus Deep, Deep in the Tropical Dry Rainforest. |
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#53 | |
Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
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Quote:
![]() Is you pic of that property? Good ocean view! Hilltops/views sell for very good money and generally over $100/sq meter ($1mill min/hectare). Beachfront a lot more - and almost impossible to estimate the value of that as it's constantly increasing. One lot was offered at $9mill a few years back - had the usual Costa Rica features and 1.5 miles of beach in total. We were sitting quibbling over it - when in fact, the beachfront alone if plotted was showing a sale value of about $1 - $1.5mill for a two acre plot. There are a lot of 2 acre plots on 1.5 miles of beachfront! ![]()
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XXX TLD's - Another mosquito to swat. |
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#54 | |
bitchslapping zebras!!!!!
Industry Role:
Join Date: Jun 2001
Location: In a shack by the beach
Posts: 16,015
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Quote:
As more and more Americans become disenchanted with the current (and future) political shenanigans in the US, I think you will see alot more expatriation by wealthy US citizens. Couple that with the rest of the world who already have no qualms about moving to newly developed areas and the potential for massive ROI is stable for years to come. Choosing a country to invest in should also involve a LOT of research into the political stability of that country. CAFTA, the treaty that's going to put a lot of Americans on the run -- think sportsbook owners etc due to the fact that extradition will start to happen -- may also leave alot of opportunities to buy property at great values and have stable poli situations. US dollars into these CAFTA countries, for those that don't already have good infrastructure will also help. Nicaragua for instance, has a telecom setup in parts of the country that rival anything else in CA, and in parts of NA. US dollars funded alot of development when there was a military presence in the area, and these systems are still in place and maintained. There are a lot of places online to do research, just be wary of the dozens of realtors and agents that are in the property business. Titles and ownership in most countries are strictly regulated and doing business with a reputable agent is key. |
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#55 |
Confirmed User
Join Date: May 2001
Location: Costa Rica
Posts: 773
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I wish I bought the lot was my point... I didn't and thats what it just sold for.. an israeli bank bought the entire mountain for 22million and parcelled it out... way outta my league good sir. Maybe not yours but for sure its outta mine.
didn't even have a road going to it... a wild quad track at best. Thats my buddy and his wife in the pic. The lot is pretty much parallel to sunset reef. Hence why I was excited to look into it at first. Prices in MalPais where I am heading... just stared this year to really head upwards.... 2-4 yrs ago oceanfront was $50k with a house on it...not a nice house but a house none the less. Building restrictions are insane though... unless you buddy up with the buidling inspector you can't even build a house. There are people that have been there for a few years now sitting on beautiful lots with house frames only on them
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Insane, Color and Instant Sensation REalize the potential of dynamic coded features all in real time Vivid Php Code This is the reality of Outsoursouring SKype HolyBauhaus Deep, Deep in the Tropical Dry Rainforest. |
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#56 | |
Confirmed User
Join Date: May 2001
Location: Costa Rica
Posts: 773
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Quote:
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Insane, Color and Instant Sensation REalize the potential of dynamic coded features all in real time Vivid Php Code This is the reality of Outsoursouring SKype HolyBauhaus Deep, Deep in the Tropical Dry Rainforest. |
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#57 | |
Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
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Quote:
Ah.. know your area! ![]() Agree... it's a total shithouse to work with as far as planning is concerned - nothing is straightfoward and prob best to buddy up with however to make it happen. Other very useful thing in property here is have a "team" - good surveyor, respected lawyer etc. They often have a wide range of contacts and can ease the way in many areas and usually know whoever in govt to help it along. Our land lawyer spends half his week on the Pacific coast - there's just too much work to do there. Got a few corps dealing in accquiring land and one of the directors spends most of his time roaming up and down the Pacific coast speaking to everyone from farmers to realtors to find prospective deals. You prob homed in at the right place with the right person on your initial deal - a good one! BTW... Not sure what stage it's at, Harrison Ford and a couple of others have a studio complex deal going down there. Know the contractor and seen some plans for an initial "village" to house staff and have a base - then they will add lots later. Hard to say at the moment, but may be that will create more local activity in the area and a point of interest.
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XXX TLD's - Another mosquito to swat. |
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#58 | |
Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
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Quote:
![]() ![]() Very Costa Rica ![]() Worst one of the lot I've ever come across was a US lady who walked straight in and laid $52 or $57 mill down for an area of land that she could have bought at a fraction of that price. There was a ripple effect from that transaction in that every farmer/landowner then thought their land was worth a lot more and, for a while, they tried pressuring it up to silly levels, but that has kinda got back to sanity recently.
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XXX TLD's - Another mosquito to swat. |
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#59 | |
Too lazy to set a custom title
Join Date: Nov 2002
Location: Earth
Posts: 14,622
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Quote:
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#60 |
Confirmed User
Join Date: May 2001
Location: Costa Rica
Posts: 773
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Its a crazy place for sure.... just happy to get outta the city.
Surely we will cross pathes while down there... Costa Rica isn't really that big. 5 trips down and I feel like a local already. Made some great friends and looking forward to raising a family while down there. If I can make a few bucks on land deals in the process... all the better. For the record sounds like you got in a few years before me, and all I can say is hat's off. That's a little more then the 10-60% profit ranges this thread started on. Its 200-500% for me in small buys a few years after you. CRAZY, is all I can say. Good luck is sometimes good timing!!!!!
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Insane, Color and Instant Sensation REalize the potential of dynamic coded features all in real time Vivid Php Code This is the reality of Outsoursouring SKype HolyBauhaus Deep, Deep in the Tropical Dry Rainforest. |
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#61 |
Dialer Kingpin
Join Date: Jun 2003
Location: New York
Posts: 10,816
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Land devlopment is good buisness, but there's alot of crap that can fuck you over. Especially zoning laws.
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#62 |
I'm here for SPORT
Industry Role:
Join Date: Jul 2001
Location: Phone # (401) 285-0696
Posts: 41,470
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as I get older i realize I only listen to people who have actually DONE something.
those that think they know shit but havn't done it themselves are usually full of shit. they don't think they are - in fact they usually talk like they know everything and look for all kinds of credible places and people to back themselves up but unless you've done it - reality is you don't know shit. you only KNOW what others who DO KNOW their shit have told you. you really don't know what the real shit was. some good info in this post. thanks guys. there's a few people posting you DO know their shit and I'm happy for the insight
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This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog. |
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#63 | |
Too lazy to set a custom title
Industry Role:
Join Date: Sep 2003
Location: Canuckstikan
Posts: 22,678
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Quote:
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Wowify AI API Porn.AI Affiliates Porn AI email: [email protected] Teams: jean.francois.laverdiere TG: @jman1216 |
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#64 | |
I'm here for SPORT
Industry Role:
Join Date: Jul 2001
Location: Phone # (401) 285-0696
Posts: 41,470
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Quote:
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This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog. |
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#65 | |
Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
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Quote:
![]() BTW... Just got back from a meet - you will know this area bauhaus, - it's overlooking the Gulf on the right of Paquera. There's a plot - not massive, but decent size of 30 hectares, - good views, water blah - where we knew the farmer and he was willing to do a deal for the lot at $600K ($20K/hect) just over six months ago, but we had too much going on to listen. Just found out that plot was just sold at $3.9 mill ![]() Sure - It's an excellent environment for "real life" and raising a family and the people are friendly and can be *very* helpful and genuinely wanting to help. Hope to meet up with ya along the Malpais road or in a local bar ![]()
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#66 | |||
Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
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Quote:
![]() Same with property rights - more often than not, a "foreigner" has the same rights over property ownership blah as a local born citizen. Quote:
Not sure about CAFTA ![]() Nico does have excellent comms and competition between the "baby Bells", good roads for the most part, but foul political stability which was OK for a while until it started getting problematic again. The "marketplace", least as far as property goes in CR, - is from a number of countries, Canada, US, UK and Europe generally. The future market is prob going to be more from the EU and part of the reason for a new airport to handle the traffic. This will be bigger than the existing international airport and designed to handle the new Airbus aircraft (needs a longer runway) - and geared towards direct flights from the EU. Quote:
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#67 |
So Fucking Banned
Join Date: Nov 2005
Location: Los angeles
Posts: 1,614
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Buy more house, don't buy empty land
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#68 |
Confirmed User
Join Date: May 2006
Posts: 6,107
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i think... more land... that's a better investment than a condo units, i believe.
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Prime Outsourcing│offshore solutions│manual labor│staff leasing│full time employees starting at $695.00/month=managed and dedicated | icq: 309570461 | live chat |
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#69 |
Confirmed User
Join Date: May 2006
Posts: 6,107
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i think... more land... that's a better investment than condos, i believe.
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Prime Outsourcing│offshore solutions│manual labor│staff leasing│full time employees starting at $695.00/month=managed and dedicated | icq: 309570461 | live chat |
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#70 | |
Making $$$$ w/ ClickCash
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Join Date: May 2003
Location: USA
Posts: 18,037
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Quote:
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ICQ: 86364801 Email: will [at] innovativeassets [dot] com |
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#71 |
Anti Communist
Industry Role:
Join Date: Nov 2003
Location: Null
Posts: 29,831
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vacant land for the hound to roam where he may!!
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My mother said, to get things done You'd better not mess with Major Tom |
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#72 | |
I'm here for SPORT
Industry Role:
Join Date: Jul 2001
Location: Phone # (401) 285-0696
Posts: 41,470
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Quote:
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This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog. |
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#73 |
Too lazy to set a custom title
Industry Role:
Join Date: May 2003
Location: icq: 71462500 Skype: Jupzchris
Posts: 27,880
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i manage some rentals for my parents and jesus christ it sucks ass
i swear they want to me to come over when a light bulb blows out ( no joke it has happend but the house was rented to two college girls so i didnt mind lol )
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#74 |
Too lazy to set a custom title
Join Date: Nov 2002
Location: Earth
Posts: 14,622
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Go commercial. It is a real business environment so no need to baby the tenants. Raw land has to boom every single year to turn out ok.
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#75 | |
Confirmed User
Join Date: Nov 2002
Location: California
Posts: 1,277
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#76 |
Tube Master
Industry Role:
Join Date: May 2004
Posts: 1,640
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buy more land
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