Moving To Costa Rica From Canada. How To Buy or Build a Property In Costa Rica As a Canadian.

Рет қаралды 22,811

3 жыл бұрын

Are you interested in moving to Costa Rica and maybe even buying property there? Are you familiar with what it takes to pick up and move your family to a foreign country?
Canadian real estate investor Darren Voros sits down with Marc Ramsay and discusses how Marc recently made the move from beautiful British Columbia, Canada to Costa Rica. Marc walks through how he was able to find property to buy, what kind of things you should be aware of when buying property in a foreign country, how much it cost him to move his family, whether or not Amazon delivers to Costa Rica and much more.
To reach Marc email him at: marc@majurainvestments.com
****DISCLAIMER:
With any and all investing you should always obtain independent legal, taxation and financial advice from a licensed professional before investing any of your own money.
____________________
My favourite real estate investing software
Legal - www.lawdepot.ca/?pid=pg-0EG7S...
Project Management - mondaycom.grsm.io/darrenvoros...
Property Analysis - dealcheck.io?fp_ref=darren84
Real estate investing COACHING with Darren:
www.darrenvoros.com/coach-wit...
Book a call with Darren:
calendly.com/darrenvoros
Join our Meet Up:
groups/57298...
Have a question? Best to comment on KZfaq or DM on Instagram or Facebook.
Instagram: / darren.voros
Facebook: / reibydarrenvoros
Website: darrenvoros.com/
►SUBSCRIBE: / darrenvoros
____________________
Darren Voros
Darren’s diverse skillset has taken him to many stages around the world. He has been featured as an on-air renovation expert on “The Goods” (CBC) and “CityLine” (CityTV). Darren was also the behind the scenes contractor on “Save My Reno” (HGTV) and “Game of Homes (W Network).
Darren is an accomplished real estate investor, trainer and coach. He controls a portfolio of properties worth just over $10,000,000 and has travelled across North America educating, inspiring and motivating audiences on the subject of real estate investing, financial independence and financial literacy. Darren’s willingness to give back prompted him to launch his KZfaq channel in 2020 in order to have a wider reach in educating investors.

Пікірлер: 109

@Pikachu-CR Жыл бұрын

🇨🇷If you travel to Costa Rica, it is best to invest in farms or the southern part of the country since it has many beaches and jungles. I am 100% Costa Rican and it is my recommendation. Regards🇨🇷

@Calvertmarian 8 ай бұрын

Getting a head start by beginning early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around..........

@BryanMcCann-ks9jh 8 ай бұрын

I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimise risks and maximize profits, generating around $3 million in three years with my advisor, Jenny Pamogas Canaya.

@BryanMcCann-ks9jh 8 ай бұрын

With the help of google you can book an appointment. She has a wealth of experience in the financial market gained over several years.

@neilsunstrum933 2 жыл бұрын

Moving out of Canada in a couple years and Costa Rica is one of my preferred destinations. Prices have definitely increased the last couple years but buying a house already built seems so much cheaper/easier. Lots of western citizens flooding to countries like this all over the world. Many people are sick of the corruption and subjugation/cost of living and just want to be free from all that nonsense and enjoy life again. It’s only going to get worse in the coming years so Moving sooner than later is definitely a priority. I had no trouble finding real estate for sale in Costa Rica by simply typing that in.

@leoruocco9128 Жыл бұрын

Easy to buy hard to sell.

@frenchyalicea649 3 жыл бұрын

Lived in costa rica and paid $300/month for a 3br 2 bath home in san ramon. I own a 10 acre farm in Naranjo Alajuela which I was able to scoop up back in 1999 for $18k! Its no way that cheap anymore. Love it but the issues to get residency and or citizenship is crazy expensive and such a pain in the arse having appointments rescheduled all the time at immigration, i hated that!

@MareSimone1 Жыл бұрын

Wow you were smart in 1999. "... issues to get residency and or citizenship is crazy expensive'' what are the cost for residency and or citizenship?

@artscapelisa 3 жыл бұрын

Darren, watching this interview with Marc was perfect timing for us!! Thanks for posting:)!

@DarrenVoros 3 жыл бұрын

Our pleasure, thank you Lisa!

@jac20001 3 жыл бұрын

Darren, I love your videos not only because of topics and the quality of editing so no time is wasted, but also because of the questions you ask. I don’t know if you have kids, but the question about Marc’s daughter’s age and adjustment to such a move would be a burning question for lots of people. Great interviewer! Thank you for doing this!

@DarrenVoros 3 жыл бұрын

Glad you like them and thank you for the feedback!

@TheOlya420 2 жыл бұрын

WOW I think this was the most informative video thus far. Thank you!

@DarrenVoros 2 жыл бұрын

Glad it was helpful!

@carolshaw1582 3 жыл бұрын

Hi, This was great, I plan to move there this year and I was there myself for 3 months just over a year ago. Great info in regards to moving stuff down there and the costs, Thank you.

@MarcRRamsay 3 жыл бұрын

It was a huge shock when I finally had the full costs for moving stuff down here. I wouldn't do it again, or at least I would greatly reduce what I bring down. I'd stick to personal stuff, and sell everything else. Electronics are one of the few exceptions, but I brought a lot of that down with us to avoid the customs issues.

@droneco.1886 2 жыл бұрын

Hello Darren, I’m curious as to how Canadians can rent down there? Is there much of a challenge obtaining documents and/or visa’s? I would be interested in hearing your experiences regarding that as I’m interested in taking a year to live in a foreign Country.

@IvanaChapman 2 жыл бұрын

Great video! Lots of sensible advice for someone considering Costa Rica as a place to live/build.

@DarrenVoros 2 жыл бұрын

Absolutely! Thank you

@meshabailey3280 3 ай бұрын

Moving to Costa Rica next year as well ! Great video

@estelaashunto3844 2 жыл бұрын

Thank you! Good and interesting information.

@DarrenVoros 2 жыл бұрын

Glad it was helpful!

@jrfalzetta6322 3 жыл бұрын

Love Costa Rica. It’s my retirement destination.

@YKadventures 3 жыл бұрын

I'm at the start of my research to do the same thing.

@myfinancialtips9191 3 жыл бұрын

Super cool info!

@ronaldsolorzano8009 2 жыл бұрын

greetings from jersey usa I am originally from Costa Rica I have lived in the United States for a long time but my country is a very good option to retire

@DarrenVoros 2 жыл бұрын

I'm in Nosara right now and loving it.

@mikep4869 3 жыл бұрын

Nice to hear others' adventures. We have a new-build house in a gated golf community, on the ocean, on the southern Nicoya Peninsula, CR (plus a rental condo in the same community). It is the absolute purest way to live!

@MarcRRamsay 3 жыл бұрын

Hi Mike! Thanks for the feedback. I have found that in the short 2.5 months that I have been here, I already feel healthier, I sleep better, I eat better, and am truly enjoying life more. I am glad that you too have found your place here. Hopefully we can cross paths at some point.

@DarrenVoros 3 жыл бұрын

Awesome Mike, thats so great to hear!

@angelaleon2157 Жыл бұрын

Hi Mike, based on your experience what is the best way to buy there i.e. contacting different sales agents from Canada and arranging a trip to meet with them and check different properties? or going there and check possible properties around and only then to contact the sales agents?

@Stickybudsmusic 3 жыл бұрын

Good interview, thanks.

@DarrenVoros 3 жыл бұрын

Glad you enjoyed it!

@andreadifabrizio1705 3 жыл бұрын

It was great. Thank you

@DarrenVoros 3 жыл бұрын

Glad you liked it!

@marisolarias2123 2 жыл бұрын

Pura Vida. I loved the video.

@justinmichaud4335 2 жыл бұрын

Im just going there for surfing. I traveled all my life because my parents are in the army and moved a lot but damn, I really fell in love with Costa Rica. I’m from Ontario but live in Quebec and learning Spanish at the moment. I really love surfing and I never had the chance to do a lot of it because of Canada, best spot in Canada is Vancouver island but I’m 4500 km away

@Pikachu-CR Жыл бұрын

Costa Rica is beautiful, its beaches are incredible. I am a native of the country. I am 18 years old. If you want to chat or talk, I can send you my Instagram.

@retreatcandleco3 2 жыл бұрын

Great video, thanks for putting it together. Have a couple of Q's for Marc... 1) Thinking of buying a plot of land, but not building on it for 2-3 years. Assuming we shopped well and have a good plot, should the value appreciate? 2) With 2 young kids, actively involved in sports, we'd likely only be able to visit for maybe 6 weeks a year. How ripe is the opportunity to rent it out, or AirB&B it, so we can at least break-even on the property while we are not there? 3) As far as an investment opportunity, (say I spent 350K for a plot and small house), any predictions on the value of the land? In case god forbid something happened and we had to sell in 5 years. Thanks so much!

@laurahenderson5524 2 жыл бұрын

just don't. stay away. they'll slice u up and take everything

@frenchyalicea649 3 жыл бұрын

Keep in mind, cost of vehicles and or import taxes are ridiculous, cost of electricity and electric appliances are expensive as well. Everyone there is a relator cause its not a "licensed" profession. And if you speak english or have a "hard" accent the prices increase for land lol.

@MarcRRamsay 3 жыл бұрын

Keep in mind that 'expensive' is relative. Compared to gas in Vancouver, it's actually cheaper here. If you want to buy a new vehicle, yes you will pay dearly for it, but there are good deals on used ones. I can't see any reason to ever import a vehicle here as it doesn't make any financial sense. If you want to buy imported goods, then you will pay a premium, but learn to live and buy local then you will see your cost of living drop. Pura Vida!

@frenchyalicea649 3 жыл бұрын

@@MarcRRamsay one of the reasons that (in my case) a vehicle was purchased in the states as opposed to CR was quality of the vehicle. Alot of the vehicles in CR are of lesser quality. Also, currently the import taxes jave been updated thus making it less viable financially as opposed to buying locally there. I used to import a shlew of vehicles to CR since the early 90s because the import taxes were way lower. And for example I was able to buy a wrangler in the states for 6k and it was valued in CR for 18million colones. So yeah there was a huge benefit at one time to buy outside of CR. I lived and worked in CR and lived that lifestyle and yes in one aspect its cheaper, but land, appliances, homes are still very expensive and thats not going away unfortunately. People looking to move there need to be aware of these points. Pura vida mae.

@rayuduaddagarla3857 Жыл бұрын

Super useful video

@0rounder0 2 жыл бұрын

starting to sound real nice as of late....

@DarrenVoros 2 жыл бұрын

Right!! I'm heading down from Jan - Mar of 2022.

@rayuduaddagarla3857 Жыл бұрын

Marc , can you list place and complex neighborhood to rent

@ronaldpeter5133 2 жыл бұрын

where can I find a rental like he's talking about?

@kajalchowdhury5007 3 жыл бұрын

I am also moving next year from Toronto. Thanks.

@DarrenVoros 3 жыл бұрын

Best of luck!

@Alitheexplorer1 2 жыл бұрын

Can I come stay at your place? I’m also from Toronto? I’ll pay for rent. A month or so

@franciscoacevedo302 Жыл бұрын

Thanks and Congratulations I am very interesting que live my retirement plan in Costa Rica Please tell me what’s is better area to live Ocean Pacific Area O Ocean Atlantic into the Caribe

@ronaldpeter5133 2 жыл бұрын

I'm looking for real estate in Costa Rica where is it still affordable in close to the beach

@leoruocco9128 Жыл бұрын

You can get the financing price is high.Not seller financing .

@rayuduaddagarla3857 Жыл бұрын

Great talk Marc , any email I’d to reach you ?

@kimberlybaran961 Жыл бұрын

Hello Hope you are doing well this video was great some good information on how the prosses goes. I am still in the earlier stage of making the move to CR so I know there is still a lot I have to learn and find out. However, I have a question and I am sorry if this has already been answered. Is there someone/company that you can recommend that will help with everything, from start to finish from a lawyer to a relator and everything in between. There are so many out there it is hard to know what one to choose it would be nice to have that one person that can help me out.

@DarrenVoros Жыл бұрын

Good questions. Not that I'm aware of but I honestly haven't looked into it.

@globetardnation 2 жыл бұрын

Hi🙂, Im quite interested in a relocation to Costa Rica. Can you give me a ball park amount minimum needed to rent a decent one bedroom condo close to the beach and living costs for a month? also how much does a Canadian need to show customs for a permanent move? At this point in time i don't have the option to travel there and check it out. I just gotta go.. Hopefully sooner than later. Thanks for your very informative video💫🌞

@DarrenVoros 2 жыл бұрын

Depends on where you want to live. I'm looking at rentals for the month of Feb in CR in Nosara and those are $3-5k per month. In other areas you could pay a lot less. I'd suggest going down and find the area you want to be in and go from there.

@globetardnation 2 жыл бұрын

@@DarrenVoros My thoughts too, I just wish it were easier to come and go as we please right now. I need to really research the best destination to seek for my budget. Feb is what I'm thinking too, coming from CA. I will probably be looking for cheap decent month by month fully furnished rentals, fairly close to a beach. Thanks.

@markminister2599 2 жыл бұрын

You can get a nice apartment in Escazu. That is not the beach but it is the high end neighborhood close to San Jose. Overly commercial.

@annmacdonald9090 2 жыл бұрын

What area are you living in that you found a 3 bedroom house in gated community for $1000 a month?

@MindofMakulu Жыл бұрын

Where can I look through land pics and prices?

@DarrenVoros Жыл бұрын

Start working with a local agent.

@leoruocco9128 Жыл бұрын

About half of the people who move to Costa Rica leave within two years.Vacation and moving there are two differnt animals

@alexk5410 3 жыл бұрын

I am Costa Rican and I live in Vancouver Canada… How are the Canadians doing?!

@DarrenVoros 3 жыл бұрын

I spoke with Marc yesterday. All is well in Costa Rica!

@daryleyjolfson2110 2 жыл бұрын

@@DarrenVoros I may have missed this in the video, but what town did he move to?

@daryleyjolfson2110 2 жыл бұрын

Disregard, found it. Ojochal.

@carolyn9547 3 жыл бұрын

Is Marc talking US $ or CAD $?

@MarcRRamsay 3 жыл бұрын

I think I quoted USD everywhere because that is the currency used here for real estate.

@ronaldpeter5133 2 жыл бұрын

I'm looking to spend about 300K I'm okay with an expat Community a sustainable community I want the land 5 Acres close to the beach when should I start looking

@Pikachu-CR Жыл бұрын

The southern part of the country in a town called Puerto Jiménez has many beaches and mountains. In addition, my family is selling a large property in the area for 80 million colones.

@leoruocco9128 Жыл бұрын

Pricemart not Costco

@leoruocco9128 Жыл бұрын

Please talk about all the most common pitfalls that people face.Who are not EXPERANCED NEWBEES.

@rayuduaddagarla3857 Жыл бұрын

15:55 ur Living with nature

@laurahenderson5524 2 жыл бұрын

you can NOT live there for 12k a year

@leoruocco9128 Жыл бұрын

Three speeds in Costa Rica SLOW,STOP,NEVER.

@ronaldpeter5133 2 жыл бұрын

does anybody know private airlines that flies to Costa Rica from Canada for unvaccinated

@havanapaul2658 Жыл бұрын

lol greenscreen

@gsmarin1 2 жыл бұрын

CR would be so great without all the American’s and Canadian’s. I’m American and my best friends are Canadian.

@gunghogringo 2 жыл бұрын

Can anyone agree that they are moving out of their home country cause they are sick of the political games? I love America but Jesus Christ bro, I get a bigger headache here everyday. I just want to be surrounded by nature. It’s hard to focus on getting stuff done here when all you want to do is leave.

@MarcRRamsay 2 жыл бұрын

Hi Cam; If you have the ability to work remotely, then I highly recommend you book yourself into somewhere for a month and just live there and work and experience what that area has to offer. We spent some time down here in CR before moving, and even then we are renting and not buying/building yet to make sure it is the right move. Places like Costa Rica look awesome in pictures, and are a lot of fun when you're just here on a short vacation and packing a lot of stuff into a short trip. But like anywhere else, you have to settle in and 'live' for a bit to truly start to get a feel for a place. We got lucky and everything is working out really well for us and we want to stay, but a large number of people don't last a year. Good luck!

@gunghogringo 2 жыл бұрын

@@MarcRRamsay how consistent is internet over there? My fear would be needing to use internet but not being able to make a conference or etc. because of a network outage.

@MarcRRamsay 2 жыл бұрын

@@gunghogringo It really depends on where you are, but in most places you can expect Internet to go down occasionally, especially if you have a hard connection like ADSL or fiber. I have fiber and we get outages every couple of weeks because a line was taken out by a tree or something. Best bet is get a second connection via point-to-point wireless if possible. Usually slower, but at least you should always have a connection unless it's a regional outage. I find myself down at the local coffee shop using their Wifi periodically.

@goylanddefree80 3 жыл бұрын

$1,300 CAD to live in third world country. That's not as hugely discounted as I'd personally need it to be to give up the long term stability and safety Canada promises. This guy is probably more adventurous than most.

@MarcRRamsay 3 жыл бұрын

The $1300 CDN is just rent. Then there's food, transport, activities, entertainment, school fees (if you have kids), etc. Costa Rica is by no means a cheap place to move to, but compared to Vancouver or Toronto, it's way cheaper. My crappy little townhouse in Port Moody, BC was $2350 CDN per month, plus cable, electricity, phones, etc. I budget about $2200 USD per month and we live fairly well (3 bdr house with a pool in a gated community high up on a mountainside for cool breezes), dinner out once a week, and a fun activity somewhere once a month (zip lining, kayaking, etc). Long term stability and safety is an illusion in Canada and you pay for it dearly. The tax rates are horrendous, cost of living is ridiculous in many places, and the stress of staying ahead of it all takes it's toll on individuals and families. It has nothing to do with being adventurous. It has everything to do with wanting a better life for me and my family and planning to make it happen. That said, many people are in jobs that they can't work remotely, but that doesn't mean that you can't plan for a change to a job where you can. It may take you 2, 3 maybe 5 years to make it happen, but you need to step outside the box and make it happen. I am lucky that I had a career that allows me to work remotely, but 9 years ago I started down a new path with real estate investing that is now starting to pave the way for a clean break from my I.T. work. 2 more years and real estate will allow me to truly live the life I want. But you're all tuned into Darren so you already know all this...

@carolshaw1582 3 жыл бұрын

There is NO long-term stability in Canada unless you have a government job and that is called existing not living, and if you make it to an old age home your days are numbered considerably. There is more crime in one of Canada's cities than in the whole of Costa Rica. Pura Vida

@goylanddefree80 3 жыл бұрын

@@carolshaw1582 sorry cable you didn't understand what I meant, and what most people mean with respect to long term stability. That means you don't have to worry about war, famine destruction, sudden changes in government leading to expropriation of lands, hyper inflation of currencies and sudden collapse of industry. We have it very good in Canada, and I don't take that for granted.

@YKadventures 3 жыл бұрын

@@MarcRRamsay I'm just starting my research to retire in 5 years in CR. No kids, just me and my partner. Would be living off of my employer pension as a baseline so we want to ensure we can afford it without the requirement to obtain additional income. Really sound advice you gave. Interested in renting and moving around and then if the time is right weighing the idea of purchasing property. We would completely liquidate everything we have here, house, belongings, vehicles, toys. Will be debt free in advance of the move. Won't be rich by any stretch but hopeful to make it work with what we have. The next 5 years will include several trips down but will be blurred by that vacation status rather than living... though we will be spending time with an expat who has spent months per year in CR over the past 20+ years. She loves Samara. Cheers and thanks for helping educate me on this long planning journey I have in front of me!

@MarcRRamsay 3 жыл бұрын

@@YKadventures Glad I was able to provide some additional info for your research. Let me know if you have any questions. We're learning every day, so what I don't know today, maybe I'll know tomorrow. :)