Discover Jaco4 DAYS / 3 NIGHTS - LAND ONLY |
From around $298 Per person, double occupancy. |
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Over $60K in equity! |
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Real estate investing is pretty exciting. At least for me it is. I enjoy dipping into my arsenal of investment tools to choose one that is best for each situation. I enjoy watching a home being transformed from a dump to a shining jewel. I enjoy seeing others enjoy the fruits of my labor. I enjoy the check at the end of the transaction.
I’ve always had an interest - or maybe you could say, an affinity - for real estate. So it’s not surprising that I have ended up where I am, even though my past career direction was in the completely opposite direction.
But there is one thing that frustrates me about real estate investing - I don’t get to enjoy the homes that I invest in. That’s really too bad for me, because I’ve bought some especially cute homes! But alas, they end up being long term rentals or sold to some lucky, new owners.
But, a few months ago I found an opportunity where I could invest in a piece of real estate AND enjoy it. Costa Rica real estate.
Costa Rica: A Good Investment
Costa Rica’s real estate market is booming, making it very attractive to a large number of investors. Appreciation is high (10-30%+ in the coastal areas) and real estate prices are relatively low (new, beachfront, luxury condos starting in the high $200’s). Many of these developments offer property management so that you can rent out your property to tourists, who have a difficult time finding accommodations during the high tourist seasons.
Eating Cake - Enjoying My Investment
Now I LOVE to travel, which is why I am in love with the idea of investing in Costa Rica. My investment can make me money AND I can enjoy it! As an investor who always tries to maximize my money and time, this is a perfect fit.
Interested in Costa Rica real estate as an investment? Start by checking out some of my investment-related postings Costa Rica Real Estate FAQ and Costa Rica For Investors.
Don’t you wish you could turn back time, go back 10 or 15 years, and buy tons of property in Hawaii? Don’t you wish you had the foresight back then to invest your money in inexpensive beachfront homes that would now be worth millions today? Don’t answer that - it’s rhetorical.
Wouldn’t it be great if an opportunity like that were available now? Well, I’m here to tell you that it is - Costa Rica.
I can hear the questions already: “Isn’t Costa Rica in Central America? Is it safe? Won’t they take my land? Don’t I need all cash to buy there? Hasn’t the opportunity to invest in Costa Rica passed?” There are a lot of myths about investing and owning real estate in Costa Rica that are just untrue.
In fact, in my honest opinion, Costa Rica is probably one of the safest real estate investments you can make, and one of the most profitable. Here are some of the top reasons why you should invest in Costa Rican real estate:
10. Numerous English speakers. The Costa Rican government has put a lot of money into their education system, resulting in a high number of bilingual citizens that speak Spanish (their national language) and English. There is also a large community of North American expatriates adding to this English-speaking community.
9. Stable government and economy. Costa Rica is also known as the “Switzerland of the Americas”. They have a stable government and their economy is quite diverse relying on a variety of industries and not just tourism.
8. Tourism increasing. Currently, the supply of places for vacationers to stay does not meet the demand for the increasing number of tourists coming to Costa Rica. Current estimates predict that this will be the case for some time.
7. Inexpensive property taxes. Get this - in some places, property taxes are currently as little as 0.25% of the recorded value. Other areas may top out around 1.25%.
6. Availability of financing. Often developers will offer financing on their property, loaning you up to 70% of the purchase price. North American lenders are slated to enter the Costa Rican market in the near future.
5. Titled land. Yes, you OWN the property. In fact, foreigners get the same property ownership rights as Costa Rican citizens. Don’t worry - they won’t take your land.
4. Positive cash flow opportunities. Based on recent historical data, there is definite potential for a minimal investment to produce a positive cash flow after a couple of years.
3. Inexpensive beachfront property. Okay, the days of $20,000 beachfront acreages in Costa Rica are gone. But compared to anywhere in North America, beachfront lots are still plentiful and are still a bargain.
2. 10-30% appreciation. Ahhhh… Memories of the days where it was not uncommon to see double-digit appreciation rates. Oh wait - they have that in Costa Rica right now!
1. No capital gains tax. Nuff said.
Costa Rica has plenty of opportunities to invest, and in some of the hottest tourist spots in the country. Jaco Beach, an extremely popular tourist destination located in the coastal Mid-Pacific area of Costa Rica, has beachfront and beach-close investment opportunities, some starting for as little as the High-$100’s. Of course, if your investment is a short drive from a high-tourist area, the prices could even be less.
One important thing to remember when buying real estate in Costa Rica is to work with someone who is knowledgable and has a good team to help you find an investment property that suits your needs.



