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Roatan and Bay Islands Discussion List Archive
| Posted On: | 24-Sep-2003 |
| From: | "Charles R. Meador, Jr." [CRMeador.....com] |
| Subject: | [roatan] Re: House Rental |
Mr. Crampton: I am a beach front resort property owner in La Ceiba and a real estate attorney who has represented investment buyers in Southwest Florida for over twenty years. The bottom line is, if you have doubts don't buy it. Roatan is an estranged part of Honduras but is still governed by the same Consitution (contrary legislation notwithstanding) which prohibits foreign ownership of land within 40 kilometers of a national boundary and the coast. If your investment is not throw away money put it in the bank, visit the island as a renter and let some other landlord deal with it. Your can't count on rentals covering your expenses. If you can't easily manage the expense (which you can figure you've underestimated by at least 50 percent) don't buy it. If you're not absolutely positively in love with Roatan (keeping in mind you'll never vacation anywhere else again once you own this property) don't buy it. If on the other hand you really love Honduras as I do, the relaxed atmosphere, the great people and the incomparable surroundings, go for it, enjoy it and don't look back. Charlie Meador | |
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