Here are some Tips

Thinking of buying a resort, or maybe a boutique B&B? Well, this can be a portal to a rewarding lifestyle change and a very good investment.

This article in not a handbook on buying a Resort. It is however, a resource to help you, the prospective Purchaser, become aware of basic information gathering s when beginning your journey.

Like every major purchase, there are usually multiple facets that go into making an informed decision. I would like to address some of the major challenges.

Here are some Tips

Thinking of buying a resort, or maybe a boutique B&B? Well, this can be a portal to a rewarding lifestyle change and a very good investment.

This article in not a handbook on buying a Resort. It is however, a resource to help you, the prospective Purchaser, become aware of basic information gathering s when beginning your journey.

Like every major purchase, there are usually multiple facets that go into making an informed decision. I would like to address some of the major challenges.

Research area of Interest—keep an open mind

What I suggest to my clients is that they start by writing a list of personal/family needs to make your venture work. Some examples of this are medical facilities, Schools, churches, shopping, banking, and the local community.

A good Broker A Broker should be a key part of your team. Once you have decided on an area for your search then you should reach out and contact a local Broker to assist you. I have been marketing real estate in the Caribbean Basin since 2001. Over that period, I have engaged a group of Brokers and Lawyers that are my alliance partners. Please feel free to contact me if you need assistance/advice in that direction.

A good Lawyer This person is going to be more than a legal opinion, this person will be guiding you through the offer/ contractual phase and then on to a successful closing process. In addition, in most cases he/she will act as your Title Officer. This person will usually be familiar with most of the influential people in the local municipality. It truly is who you know when conducting business on a local level.

Additional services your Lawyer can provide;

  • Land ownership Laws
  • Residency laws in host country, and application for same.
  • Employees relations—Labor Laws.
  • Setting up a Corporation to hold Title to the property. Also, advice when you purchase an existing Corporation.

A good business plan will help you stay focused and on track to achieve your goals. Feel free to contact Tropical Pathways for additional information and resources

Make the decision and follow through.

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