Expat Community > Nicaragua

goranbockman
Joined 2014
Posts: 38

Nica Bank loan, or rent to buy?

10 years ago

Hi again guys
Hope I'm not wearing you out with my cascade of questions.

Thing is, following 3 divorces, I'm left with no savings/ assets, barring my pension which will amount to app $1700/ month.

Now should I find the perfect farm for my dream business (gaited horse riding school) I would obviously like to secure it, ensuring that the owner won't tell me one day that he's sold it.

I wonder is it possible for a foreign pensionista, holding a cedula, to get a Nica Bank loan to buy a farm?

If so would my monthly income ($1,700) be sufficient for bankers to grant me a loan?

As an alternative, do you suppose a presumptive seller could be persuaded to sign a long term 'rent to buy' deal?

Thanks in advance for kindly sharing your experience.
Goran Bockman

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Expat Community > Nicaragua

Nica Bank loan, or rent to buy?

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