Looking for Cool Investments and Properties in CR?

[alitercorpsa]

Aliter Corp S.A.

Check out our site, we have the best properties with value - and it's for real! We only deal with straight up people and once we've checked it out and are sure the deals are legit- we relay them to you. In Costa Rica contact us at (506) 289-4200 or in the USA 1(561)208-8196. Give us a shot - we know you won't be disappointed!

 

[JudgeWapner]

Looks like Gringo prices to me.

 

[alitercorpsa]

If you check our website and look at the Playa Bajamar Laguna Pacifica development I think you'll be surprised. Where else can you get a beachview lot for less than 10K and finance it like a Gringo at 7% amortized? It means a mortgage payment of under $200 a month. Nowhere here in CR that's for sure! You know a Mercedes costs what it costs and a KIA costs what it costs - it all depends what you're into. No we don't deal with crappy $200 a month rentals and our "Gringo prices" which are kick ass, are for top notch Gringo quality - not Tico quality at Gringo prices. There's something to be said about that especially here in CR! Listen, really check out Bajamar - can't beat it!

 

[JudgeWapner]

will do.Its just I didn't see any value with you stuff in town.

 

[kayaman+]

I think the point is that real estate in general is ridiculously expensive C.R.
You see some homes on the market that, depending on the location in the States, would actually be cheaper there.

BTW, a while back somebody put up a post about some property, that I believe was close to Jaco, at what seemed to me very reasonable prices. It was a dollar price per square meter, with financing available. Unfortunately I forgot to write down the data. I'd like to see that info again if anyone can help.

 

[alitercorpsa]

Our beach development is close to Jaco - actually Orotina - Playa Bajamar and is $15.50 USD per M2 with financing available. A deposit is required of either $2000 or 20% of the purchase price -whichever is greater and you are automatically approved for our in house financing which is 7% amortized over 5 years. It truly is the best available in the country at this time and it is in US Dollars. The post you are referring to is ours. Please check our website at www.alitercorp.com go to Playa Bajamar and all the info will open up for you.

 

[Mannie]

Whether real state in Costa Rica is worth 300000, for the acquisition of real estate in any ofthe aforementioned parts, is ludicrous to say the least, economical inestability, the obvious effects of speculation, and the fact that is obviously targeted to a market niche of yuppie earners, or baby boomers, not nationals, any national cannot expect to pay mortages on 300000 dollar propierties with the income per capita of such in a society like this one. Let me put this to you in another manner, Miami offers a cheaper, albeit smaller, politically stable real state option, they lease and rent, and due to the high market demand on propierties there, you can pay a 20000 dollars deposit and the lease pays itself, the company or bank finances, and rents and manages your investment. I find these prices even restrictive to American businessmen, the net profitting exagerate, how much can one overcharge for land developement? Before any decision, weigh all alternatives.

 

[alitercorpsa]

Costa Rica has more land dedicated to national parks than any other country in the world and noone is making any more land, that I know of. Costa Rica is third oldest democracy in the world and when one looks at the world today that has vaule in itself. And Costa Rica is the most stable country in the Americas. The aformentioned property has the asking price of 300K. It is marketed to people of means and initiative who can create something greater out of it as this is what makes the world a fun and great place. Just imagine if noone tried to improve on something. This is what you see in Florida all the time and through out the world people buy older properties and are renovating them, developing them into something great, better, more vaulable than it was when they bought them. It is the name of the game even in the housing aspect of real estate. Also this property is owned by a Costa Rican national. They just don't pick coffee any more. Aliter also does property management, and we have over 20 years of experience doing it in Florida - and still do. We have brought our expertise here to Costa Rica where they have yet to learn this aspect of the business and very few people have an understanding of how property management is actually conducted correctly. There are rules and by-laws that one must adhere to, and a complete and thorough understanding of the law is essential in order to conduct business properly. Please feel free to browse our website at www.alitercorp.com We are also offering beachview lots with 20 per cent down at 7 per cent annual interest and average payments are around $200 per month including maintainance fees.

 

[JackDee]

"Costa Rica is third oldest democracy in the world "

come again?

 

[kayaman+]

Alitercorpsa,

No offense or anything but,

"Costa Rica is third oldest democracy"

I don't know about that, but it is the 3rd world, doesn't look like what you'd expect for 3rd world, but that's the status.

"And Costa Rica is the most stable country in the Americas."

Um, hello, U.S.A., Canda, maybe you meant in Latin America.

I don't think anybody means to offend you and I'm pretty sure all understand you're just trying to do business. However real estate being over priced in C.R. is fact not opinion. Due to the tourism boom of the 90's, foreign investment and the sportsbook industry, prices have sky rocketed. An example, a brother in law of mine bought 300 hectares near Rincon de la Vieja roughly 10 years ago for about $25,000. What would that go for now?
The reality now, among locals, is that property is passed on through families, daughter gets married newlyweds finance to build on grandpa's lot in X location, etc. Young local professionals finance at ridiculous interest rates in colones or finance in dollars and gamble that there won't be a massive devaluation of the colon in the next 10-20 years while they are paying it off. It's not uncommon to see say 2bdrm condos for $100,000 - $200,000. Perfect example today in La Nacion, San Rafael de Escazu, 3bdrm home for $280,000 or Guachipelin "p/pareja" = for a couple, we can assume tiny $130,000. While on yahoo, Miami, FL, Lakefront 4bdrm 2.5bths, $299,900 or Miami, FL, 4dbrms, 3bths, $275,000.
Take the fact that the sportsbook industry was nearly chased out of C.R. due to the tax situation. What if there were an exodus of foreigners for whatever reason?
IMO, C.R. is a great place to have a nice piece of property to live on, but in a business sense I don't see buying property as any great investment opportunity.

 

[darwinmobley]

hello all,
Yes, in this case I do agree, third world, overpriced properties, trying to make a dime off of us Gringos. However, I do also beleive that there is stil a dollar to be made in Real Estate here. Take an example, Ft. Lauderdale, my mothers house, $750 rent in her neighborhood off of oakland dr., small 2 br.(mines bigger and has three bedroom both houses with a garage) anyways, she paid $15,000 more for the house there, I can probably rent it here for the same if I wanted and I paid less. Now not all properties mind you are like this, but there are a few. Be selective with you purchases location is still important.

is that right!

 

[kayaman+]

Darwins Theory,

I agree with you that there are still some deals here, but they're getting harder and harder to find.
In a business sense I think you have to consider that at $750 a month rent your mother would have a much easier time keeping tenants year round in Miami where that is pretty much average. Opposed to here where the mayority can't afford that much and those that can are usually in C.R. for a set time frame.
I lived in Rhomoser for like a year and a half there were two nice, large rentals across the street from my house, one was like $700/month, the other was like a dime. It amazed me that the owner let them sit empty the entire time I was there rather than dropping his price.

 

[darwinmobley]

hey pal,
do you like the flying fat man or the little woman that I had as my avatar before?

I actually find it easy to beleive because I am so close to the university here in Heredia, that finding students (foreign mostly) that would be interested in finding a home close to the school for that price.

is that right!

 

[kayaman+]

Darwins Theory,

Lol, the flying fat man gave me a chuckle.

Yeah I agree with you there that 3 or 4 foreign college students could afford it or even 1 or 2 if Mom and Dad are subsidizing. On the other hand it seems, to me at least, that a college student would look for something less luxurious and more economical to save money for partying. I'm just thinking of the fact that you can still rent a house in Heredia for 100,000 colones or less a month.

Any way it's sounds like you've got yourself a great place and except for the traffic Heredia's a good place to live. I just stay there and watch all those fine honeys cruising around the university from your window or balcony better yet if you got one.

 

[darwinmobley]

kaya man,
come by the plaza and have some sushi and watch all of the college girls on Friday and Saturday nights. Not a bad view at all pal.

is that right!

 

[WildBill]

Last time down there I went with a buddy that I got "placed" into the industry as an investor/advisor. The last two days we were driving around with some of my friends and took him around to look for a place to live. HOLY SH**, that is the biggest ripoff I have ever seen. Housing values should be based on the ability of people to pay, simple as that. I suppose if most people get their housing from family its not that big of an issue, but still it was insanity. That was had San Diego-type bubble written all over it! Thing was for the places that gringos would be willing to live in, the costs were higher than the types of places retirees move into in Las Vegas. And with the costs of things being so high there, retirees would spend a lot more money there than in this retirement mecca. About the only thing cheap there is a maid or any kind of help. Otherwise you gotta be kidding...