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Would this be possible?

Discussion forum for expats moving to or living in Costa Rica.

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Would this be possible?

Post Posted: Mon Feb 13, 2006 9:01 am

Hello I was wondering if 2 adults fully capable of working would be able to move to Costa Rica and start a life with around 50,000.00 U.S. dollars. I was wondering if this would be enough to buy a house and possibly start some kind of business. If not any suggestions of how much this would cost would be greatly appreciated thank you for your time.

 

liquidmetal05
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Re: Would this be possible?

Post Posted: Tue Feb 14, 2006 12:34 am

That's an interesting question. It would be plenty if you weren't planning on buying a home or farm. You can get a good car for $ 4000 (auto) or $9000 (4x4). Then you'd have your expenses while getting situated, like rental deposit and money to live on while you find work.

It would also be enough if you, for example, wanted to buy a farm in a remote area and live off the land. In some places you can get 3 or 4 hectares for $ 10,000 to $ 30,000.

As to starting a business, many people come to Costa Rica because you can generally start a business with much less money. In many areas the level of competition isn't as high so you don't have to invest as much in order to keep up with the competition. An example is a video rental store, where you can serve a neighborhood starting with maybe 500 or so movies. As opposed to the US where you have to think about competing with the big chains.

Obviously more money is always better, but you can set yourself up in a small business with that amount. One issue you will have to resolve is the immigration, as you would not seem to qualify for any official program at this point.

What kind of business are you thinking of and what is leading you to think of Costa Rica?


_________________

Russ Martin
American European Real Estate Costa Rica
www.american-european.net

 

AE_Russ
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Re: Would this be possible?

Post Posted: Wed Feb 15, 2006 9:33 am

hmm could possibly get more money but im not sure how much.....and haha costa rica cuz north dakota is DAMN cold. What kind of business would be most effective or profitable do ya think? Currently i have a job as a garbage truck driver lol and was thinking that could be an easy business to start. I hear the cost of living down there is much cheaper here to so any advice would be great (well...more advice last stuff was good lol)

 

liquidmetal05
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Re: Would this be possible?

Post Posted: Thu Feb 16, 2006 4:30 am

Well garbage might not be as far-fetched as it sounds. Whereas most garbage pickup is the responsiblity of the city goverments and large companies handle the contracts, you might find a niche with the gated communities on the beach that are popping up like crazy.

You buy a small truck ( I have even see 3 wheel Italian and Asia models adapted to dump trucks) and arrange a frequent pickup schedule with the resort communities, which I am sure they would love. You would have to arrange a sanitary landfill that will take the refuse you collect. These communities are technically condominiums and have homeowner's associations, people pay monthly maintenance fees, so they would have to probably vote to raise the fees and you would have a good contract.

One clarification: the cost of living is cheaper for many areas, but also incomes are less. If you are retiring on US pension it's great, but if you are working for a living you have to keep that in mind.


_________________

Russ Martin
American European Real Estate Costa Rica
www.american-european.net

 

AE_Russ
Frequent Poster
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