Welcome to the North American Subaru Impreza Owners Club Thursday August 28, 2014
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Here you can view your subscribed threads, work with private messages and edit your profile and preferences Home Registration is free! Visit the NASIOC Store NASIOC Rules Search Find other members Frequently Asked Questions Calendar Archive NASIOC Upgrade Garage Logout
Go Back   NASIOC > NASIOC Miscellaneous > Off-Topic

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads.
Reply
 
Thread Tools Display Modes
Old 10-05-2006, 09:45 AM   #1
del105
Scooby Specialist
 
Member#: 43010
Join Date: Sep 2003
Location: Atlanta, GA
Vehicle:
1974 2002tii
silver

Default Thinking of buying resort in central america.

I've been really giving alot of thought to this lately. I know of a resort for sale in Central America. It is on the pacific, has 15 bungalows a restaurant/bar and a pool. It will make enough money to stay open and save a little but I could never get rich off of it. It is in the middle of nowhere, no interwed or mc donalds or hospitals. I thinking about buying it and running surf tours out of it.
I grew up surfing in sattelite beach florida and speak a little spanish. I'm 30 years old make a comfortable salary in Atlanta and for the most part am happy, although my life does sometimes feel little mundane.

So WWOTD?
* Registered users of the site do not see these ads.
del105 is offline   Reply With Quote
Old 10-05-2006, 09:47 AM   #2
KC
Scooby Guru
 
Member#: 442
Join Date: Oct 1999
Chapter/Region: NESIC
Location: SE Mass/RI
Vehicle:
2013 Crosstrek XV
00 Honda S2000

Default

Find a way to make more money off of it.

--kC
KC is offline   Reply With Quote
Old 10-05-2006, 09:48 AM   #3
ZMANNH25rs
NASIOC Supporter
 
Member#: 9401
Join Date: Aug 2001
Chapter/Region: NESIC
Location: Bis dat, qui cito dat...
Vehicle:
. Truth is a
pathless land...

Default

You only live once...what is the worst that could happen is what you should be asking yourself. Say it fails miserably and you lose some money and have to end up coming back to the US to start over again with a corporate job...does not seem that bad to me.
Or you could find a hot Latino wife, make babies and live the rest of your days happily enjoying your new brown family and living the good life owning a beach resort surfing the days away...

I think that not enough people in this world take chances like this...we all seem so scared to leave our little cocoons...
ZMANNH25rs is online now   Reply With Quote
Old 10-05-2006, 09:49 AM   #4
runnah
Scooby Specialist
 
Member#: 77447
Join Date: Dec 2004
Chapter/Region: NESIC
Location: Maine!
Vehicle:
2000 RS
Salty

Default

Can I send you my resume?!

I can make a mean Pinà Colada!
runnah is offline   Reply With Quote
Old 10-05-2006, 09:55 AM   #5
del105
Scooby Specialist
 
Member#: 43010
Join Date: Sep 2003
Location: Atlanta, GA
Vehicle:
1974 2002tii
silver

Default

Quote:
Originally Posted by KC View Post
Find a way to make more money off of it.

--kC
I've been thinking about that. It comes with a 1987 bluewater chesapeake 42' so I guess I could do deep sea fishing tours as well. It also has a good bit of unused beach front property with it.

The problem is I would have to finance a good portion of the cost so paying back the mortgage is going to suck up alot of profit. As well as having to go out of pocket for the first year expense just in case.
del105 is offline   Reply With Quote
Old 10-05-2006, 09:59 AM   #6
Beer:30
Scooby Specialist
 
Member#: 80192
Join Date: Jan 2005
Chapter/Region: MAIC
Location: Army of Northern Virgina
Vehicle:
2004 subaru
JBP

Default

What country?
How many $ figures?
Beer:30 is offline   Reply With Quote
Old 10-05-2006, 10:00 AM   #7
Jaxx
NASIOC Supporter
 
Member#: 177
Join Date: Aug 1999
Chapter/Region: NWIC
Location: Boise,Idaho,USA
Vehicle:
The 93 Imp W/EJ20K
flat black

Default

i suspect that if it ever "normalized" places like venuzela will some day have a huge destination tourist trade but honesty its kinda scary at the moment. there are huge tracks of unspoiled beach w/o any thing on them
Jaxx is offline   Reply With Quote
Old 10-05-2006, 10:01 AM   #8
ZMANNH25rs
NASIOC Supporter
 
Member#: 9401
Join Date: Aug 2001
Chapter/Region: NESIC
Location: Bis dat, qui cito dat...
Vehicle:
. Truth is a
pathless land...

Default

Quote:
Originally Posted by Jaxx View Post
i suspect that if it ever "normalized" places like venuzela will some day have a huge destination tourist trade but honesty its kinda scary at the moment. there are huge tracks of unspoiled beach w/o any thing on them
geography > you....
ZMANNH25rs is online now   Reply With Quote
Old 10-05-2006, 10:02 AM   #9
del105
Scooby Specialist
 
Member#: 43010
Join Date: Sep 2003
Location: Atlanta, GA
Vehicle:
1974 2002tii
silver

Default

Quote:
Originally Posted by Beer:30 View Post
What country?
How many $ figures?
guatemala/el salvador border area High 6 to low 7 figures depending on the amount of land I take around the resort. 2+ acres beachfront with still water lagoon in back.
del105 is offline   Reply With Quote
Old 10-05-2006, 10:02 AM   #10
wonkothesane26
Scooby Newbie
 
Member#: 33362
Join Date: Feb 2003
Chapter/Region: Tri-State
Location: Now with 100% more mods!
Vehicle:
2004 WRX Sedan
Pockmarked/dented silver.

Default

Quote:
Originally Posted by ZMANNH25rs View Post
geography > you....


hey, don't ruin his dream! It's still water!
wonkothesane26 is offline   Reply With Quote
Old 10-05-2006, 10:04 AM   #11
ZMANNH25rs
NASIOC Supporter
 
Member#: 9401
Join Date: Aug 2001
Chapter/Region: NESIC
Location: Bis dat, qui cito dat...
Vehicle:
. Truth is a
pathless land...

Default

Quote:
Originally Posted by del105 View Post
guatemala/el salvador border area High 6 to low 7 figures depending on the amount of land I take around the resort. 2+ acres beachfront with still water lagoon in back.
which country...I would be a little more cautious owning a place in El Salvador...they still have some issues with corruption, crime, etc...same with Guatemala but not as bad IIRC...
ZMANNH25rs is online now   Reply With Quote
Old 10-05-2006, 10:10 AM   #12
HoRo1
Scooby Specialist
 
Member#: 15618
Join Date: Feb 2002
Chapter/Region: International
Location: Zhuhai, China
Default

How would you run it? I assume that you would continue your "day job" in Atlanta and install a manager down there, right? Would the resort make enough money to pay a manager?

What the hell - cold beers and fresh barbecued fish on the beach sounds like heaven to me. Do it.

Lots of boomers are buying retirement property in C. America at still reasonable prices.
HoRo1 is offline   Reply With Quote
Old 10-05-2006, 10:11 AM   #13
del105
Scooby Specialist
 
Member#: 43010
Join Date: Sep 2003
Location: Atlanta, GA
Vehicle:
1974 2002tii
silver

Default

its in guatemala here are a couple picutres the owner has sent so far.









del105 is offline   Reply With Quote
Old 10-05-2006, 10:12 AM   #14
Teh Legacy
Scooby Specialist
 
Member#: 9853
Join Date: Sep 2001
Chapter/Region: International
Location: Never miss an opportunity
Vehicle:
to keep your mouth
shut.

Default

Dibs on the resort sys admin position.
Teh Legacy is offline   Reply With Quote
Old 10-05-2006, 10:12 AM   #15
SAABaru_v2.0
Scooby Newbie
 
Member#: 25090
Join Date: Sep 2002
Chapter/Region: South East
Location: Greenville, SC
Vehicle:
1987 Saab 900S
Arctic Blue

Default

Quote:
Originally Posted by ZMANNH25rs View Post
You only live once...what is the worst that could happen is what you should be asking yourself. Say it fails miserably and you lose some money and have to end up coming back to the US to start over again with a corporate job...does not seem that bad to me.
Or you could find a hot Latino wife, make babies and live the rest of your days happily enjoying your new brown family and living the good life owning a beach resort surfing the days away...

I think that not enough people in this world take chances like this...we all seem so scared to leave our little cocoons...
I agree. Do Eet!
SAABaru_v2.0 is offline   Reply With Quote
Old 10-05-2006, 10:14 AM   #16
KC
Scooby Guru
 
Member#: 442
Join Date: Oct 1999
Chapter/Region: NESIC
Location: SE Mass/RI
Vehicle:
2013 Crosstrek XV
00 Honda S2000

Default

Got hurricane insurance?
KC is offline   Reply With Quote
Old 10-05-2006, 10:15 AM   #17
del105
Scooby Specialist
 
Member#: 43010
Join Date: Sep 2003
Location: Atlanta, GA
Vehicle:
1974 2002tii
silver

Default

Quote:
Originally Posted by HoRo1 View Post
How would you run it? I assume that you would continue your "day job" in Atlanta and install a manager down there, right? Would the resort make enough money to pay a manager?

What the hell - cold beers and fresh barbecued fish on the beach sounds like heaven to me. Do it.

Lots of boomers are buying retirement property in C. America at still reasonable prices.

I would quit my day job and sell or rent out my house. I also own part of a restaurant in Atlanta which I would keep. my girlfriend and I would move down and run the hotel personally.
del105 is offline   Reply With Quote
Old 10-05-2006, 10:15 AM   #18
HoRo1
Scooby Specialist
 
Member#: 15618
Join Date: Feb 2002
Chapter/Region: International
Location: Zhuhai, China
Default

Looks great. No protection from Pacific storms though - and they get them...once in a while.
HoRo1 is offline   Reply With Quote
Old 10-05-2006, 10:17 AM   #19
HoRo1
Scooby Specialist
 
Member#: 15618
Join Date: Feb 2002
Chapter/Region: International
Location: Zhuhai, China
Default

Quote:
Originally Posted by del105 View Post
I would quit my day job and sell or rent out my house. I also own part of a restaurant in Atlanta which I would keep. my girlfriend and I would move down and run the hotel personally.
Given that you have experience, sounds like a great opportunity. At least take a trip down there to check it out. US citizens can own property down there legally?
HoRo1 is offline   Reply With Quote
Old 10-05-2006, 10:20 AM   #20
del105
Scooby Specialist
 
Member#: 43010
Join Date: Sep 2003
Location: Atlanta, GA
Vehicle:
1974 2002tii
silver

Default

Quote:
Originally Posted by HoRo1 View Post
Given that you have experience, sounds like a great opportunity. At least take a trip down there to check it out. US citizens can own property down there legally?
I have no idea I'm meeting with my lawyer on friday I have a bunch of stuff I need to get him to figure out. Right now I'm just trying to make sure I even want to do such a crazy thing.
del105 is offline   Reply With Quote
Old 10-05-2006, 10:23 AM   #21
orbit03
Scooby Specialist
 
Member#: 2300
Join Date: Sep 2000
Location: Erie, PA, USA
Vehicle:
2002 Impreza WRX
Banana Pudding

Default

Sounds like quite an adventure. I would probably keep investigating. Have you seen financials for the past couple of years? How has it done? What marketing have they done in the past and can you improve on that to increase business?
orbit03 is offline   Reply With Quote
Old 10-05-2006, 10:31 AM   #22
scooterpie555
Scooby Newbie
 
Member#: 74728
Join Date: Nov 2004
Chapter/Region: South East
Location: Charlotte, NC
Default

wow, that would be awesome to own. I'd do it if i were you! You can always give the Nasioc members a discount, and have a OT weekend!! I'd come! How much is it for a weeks vacation? You can offer deals on ebay! vacation resort! If i wasn't trying to start my own business here, i'd jump on it. See if you can get all of his stats, figures, monthly expenses vs income. You can always find a way to make it better! once you move down there, find all th local hot spots/secrets and then offer tours. And i do believe there is some FANTASTIC deep sea fishing down there if i am not mistaken! You have my vote for doing it. You buy, and i will come. And i'll be more than happy to take my wife and i down there, I may even be your first customer. but i'm in for a visit!!
scooterpie555 is offline   Reply With Quote
Old 10-05-2006, 10:31 AM   #23
del105
Scooby Specialist
 
Member#: 43010
Join Date: Sep 2003
Location: Atlanta, GA
Vehicle:
1974 2002tii
silver

Default

Quote:
Originally Posted by orbit03 View Post
Sounds like quite an adventure. I would probably keep investigating. Have you seen financials for the past couple of years? How has it done? What marketing have they done in the past and can you improve on that to increase business?
Yes I've seen the financal info for the past 8 years (since it was built). It would make a small profit, but I would not get rich. I might be able to do some better marketing but I really would need a solid year or 2 down there before that would happen. Apparently it is like 85% South/Central American tourists with 10% North American, so I'm sure I could help that improve. The current owner is Brasilian I think.
del105 is offline   Reply With Quote
Old 10-05-2006, 10:38 AM   #24
johnei
Scooby Specialist
 
Member#: 70272
Join Date: Sep 2004
Chapter/Region: MWSOC
Location: Chicago
Default

Read up on the history of Cuba. Worst case scenario in terms of your investment is a regime change and your assets are seized.
johnei is offline   Reply With Quote
Old 10-05-2006, 10:39 AM   #25
KC
Scooby Guru
 
Member#: 442
Join Date: Oct 1999
Chapter/Region: NESIC
Location: SE Mass/RI
Vehicle:
2013 Crosstrek XV
00 Honda S2000

Default

Google Maps: http://maps.google.com/maps?f=q&hl=e...10815&t=k&om=1

You're about 6 miles away from El Salvadore.

--kC
KC is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
The First Gt-r R35 In Central America Ak- Member's Car Gallery 26 11-10-2008 01:16 AM
Vacationing in Central America Rebelious Youth Off-Topic 28 02-01-2008 10:44 AM
Fastest Subarus in Central America ? Video of El Salvador Track Tuning Dyno Flash Proven Power Bragging 66 12-08-2007 10:34 AM
Anyone thinking of buying a house in San Diego? Coati Southern California Impreza Club Forum -- SCIC 11 08-17-2003 06:26 PM
Thinking of buying RS in Ottawa... mart242 Canada Region Forum 22 03-19-2002 10:57 PM


All times are GMT -4. The time now is 12:36 PM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2014 Axivo Inc.
Copyright ©1999 - 2014, North American Subaru Impreza Owners Club, Inc.