How To Buy Real Estate In The Dominican Republic | Rosalyn Ortega-Elie | Smart Caribbean Properties
Yo Quiero Dinero
Jannese Torres
4.9 • 607 Ratings
🗓️ 24 March 2025
⏱️ 47 minutes
🧾️ Download transcript
Summary
Rosalyn Ortega-Elie is a real estate investor, business owner, and former hospitality executive specializing in residential rentals and international real estate. She’s the founder of Urban Teach NYC, where she educates aspiring investors, and Smart Caribbean Properties, a brokerage helping clients invest in the Dominican Republic. With a focus on transparency and strategic growth, Rosalyn is passionate about helping others build wealth through real estate both in the U.S. and abroad.
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Transcript
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| 0:00.0 | What's your advice for people who they want to potentially invest in the Caribbean, but they are not sure how to go about it? |
| 0:08.0 | I would always say you can start from here. |
| 0:10.4 | Online research is great. |
| 0:12.4 | It depends really what your purpose is, right? |
| 0:14.0 | Do you want to buy a place there for the family to enjoy, but also to rent out during times that you're not there? |
| 0:20.6 | Do you want to be solely in a tourist |
| 0:23.0 | destination? Because that's a whole other strategy, right? So first you want to determine what it is |
| 0:27.3 | you want to buy this property for. What's your purpose? And then yes, do your research online. |
| 0:32.0 | What's the pricing looking like? Has there been increased equity in those markets? But ultimately, |
| 0:37.4 | I tell folks, do not buy a thing |
| 0:39.7 | without going there first. So on the ground research is you have to do it. You absolutely have to. |
| 0:45.4 | Because like you said, that's where you'll get to see does your surrounding match what you're looking for. |
| 0:50.3 | So being there on the ground, linking up with some real estate agents on the ground that you |
| 0:55.1 | can go out with, that they can show you around. Just a lot of listening to what are they saying |
| 0:59.9 | about these areas, talking to the people, the locals also is a huge one. Go to the local |
| 1:05.7 | cafe shop that's been this for 20 years and talk to people there. So it's just about getting the research done, going there in person, and not rushing into |
| 1:15.3 | anything either. |
| 1:16.4 | Times are changing, so you just want to make sure that what you decide on kind of fits |
| 1:19.9 | exactly what you're looking for. |
| 1:23.8 | You're listening to Joquiero Dinero, a personal finance podcast for the modern Latina. |
| 1:29.8 | I'm your host, Janice Torres, award-winning Latina personal finance expert. |
| 1:34.6 | I didn't always have my financial shit together, but when I started looking for POC-friendly personal finance podcasts, I couldn't find any. |
... |
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