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Residency & Jaco Condo InvestmentThis forum post has messages dated from 06/23/05 through 01/15/12, please be sure to read all the messages. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it.
| Residency & Jaco Condo InvestmentIf you are looking to gain residency and would like a safe solid investment return we have a project worthy of your attention. If you do not qualify as a pensionado and you do not like the idea of parking $60,000 usd in a low return bank account a better solution would be investing in a tourism project. With an investment of $100,000 usd in a condo project you can earn $1250 a month in rental income, qualify for your residency and hold an appreciating investment in the biggest and fastest growing beach community in the country. For further details simply request such. |
| Is it possible to get a mortgage for the investment or does it need to be 100% cash? How long until the rental payments start? What guarantee is there the unit you invest in will produce continious rent? Has the $100,000 investment and business plan been already approved by Migracion as qualifing you for residency? |
| Harry, No you can't mortgage to qualify for inversionista status it would kind of defeat the purpose. You can mortgage 70% of the value of units just like any other real estate to simply purchase a unit. Revenue would start as soon as a unit is complete and ready to enter the rental pool. Our projections are based on average occupancy of rooms over the entire country but we can guarantee that our occupancy will exceed average due to the design and management of a larger project. The project meets all the criteria for inversionista status and ICT approval. |
|  "Project Update"
It looks like the original post here was made 6-1/2 years ago. Does any one have an update on the project? How did it work out? |
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