Where R the best places on Grand Cayman to own a vac. rental

Newbie Joined: 16 Sep 2007 Posts: 2 Location: USA

[B]

Hello Everyone,

Can I get some opinions from all of you seasoned Camanians and/or property owners regarding where the best locations are on Grand Cayman to own/purchase real estate for investment purposes?

More specifically, here are my goals with an investment property:

1. Purchase property (home or condo) to either long-term rent or rent out as a vacation rental property.

2. Ocean/beachfront location.

3. Consistent demand area for travelers

Here is an added twist:

Best vacation rental location aside, which areas on the island are special/cool/the place to be/intimate/etc? I realize they may overlap with my main question, however.

I would much appreciate any advice. I am torn between having a purely financial viewpoint of a purchase and having a place that I LOVE myself.

Thank you so much!

Frequent Flyer Joined: 15 Feb 2005 Posts: 80

Call James Bovell at ReMax he will have the answers for you.

Posted: Tue Sep 18, 2007 6:32 am Post subject:

Actually, Bill Baldwin is the Remax contact now. You can find his information here:

Newbie Joined: 16 Sep 2007 Posts: 2 Location: USA

I'm sure there are many real estate agents willing to chat, but usually with strings attached...

Thanks for the names though!

Posted: Tue Sep 18, 2007 2:05 pm Post subject:

Hi kdunk - There are no strings. I have known Bill Baldwin for almost 10 years and he is one of my closest friends. I personally vouch for his credibility, knowledge, honesty and integrity. You will not find anyone more qualified, affable and eager to work in the buyer's best interest than Bill.

To the people who sent me PMs, I have forwarded your information to Bill and given him PM access to anyone who posts in this forum.

Newbie Joined: 23 Jan 2008 Posts: 2

looking to possibly buy a home in Grand Caymans, whom do you secure home loans from being a US citizen

Posted: Wed Jan 23, 2008 6:07 pm Post subject:

You can get a mortgage from Caymanian banks but it will be cheaper for you to take out a mortgage over here, especially with the interest rates as low as they are at the moment.

If you contact a bank in Cayman they will advice you of rates, etc. plus tell you about all the due diligence required for opening a bank account. The purchasing of a property is quiet and easy process.

Good Luck

Heidi martini

Newbie Joined: 23 Jan 2008 Posts: 2

Thx Heidi...that's just what I needed to know! Cheers

Brian