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How to Buy a Second Home in Jamaica

Published about 2 months ago • 3 min read

Unique Outdoor Activities in Jamaica

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  • Dunn's River Falls: This iconic waterfall allows families to climb its terraced steps and splash in the refreshing pools. It's suitable for children aged six and up, making it a fun and memorable family activity.
  • Ziplining at Mystic Mountain: Located in Ocho Rios, this adventure park offers ziplining through lush rainforests. Kids aged five and older can enjoy the thrill of soaring above the trees while taking in stunning views of the coastline.
  • Black River Safari: This guided boat tour down one of Jamaica's largest rivers provides opportunities to see crocodiles, exotic birds, and other wildlife. It's an engaging way for kids to learn about local ecosystems.
  • Green Grotto Caves: Explore these fascinating underground caves filled with history and unique rock formations. Kids will enjoy the adventure of navigating through the caverns and learning about their historical significance.

SPONSOR

Third Home

You’re invited to join a private community of like-minded members who leverage their second home to travel the world. With luxurious villas, exclusive estates, incredible five-star resorts, and yachts available, you will have a wide range of options when booking your next luxury vacation.

Expert Insight of the Week:

How to Buy a Second Home in Jamaica

Some of the clients I’ve worked with in the past had circumstances that made it more difficult to obtain a second mortgage in Jamaica. Below are some things to keep in mind.

  • Make sure your complete income is accurately stated on your tax documents
  • If you have your own business or a side business make sure it’s reflected on your tax return or you can provide separate corporate documentation of revenue
  • If you own investment/rental properties in Jamaica or abroad, make sure you have a current lease for LTR or have 1099 from Airbnb that are reflected on your taxes
  • If you accept cash for rental properties make sure you can provide monthly bank statements that show the full rent amount in cash being deposited into your account each month.

Following the above guidelines will help ensure you do not have an issue getting pre-approved.

People often ask me if buying a home in Jamaica will affect their chances of getting a home abroad. If you are planning to buy a home in Jamaica and abroad in a short time span, I highly recommend getting the home in Jamaica secured first! Reason being, when you apply for a home mortgage in Jamaica the banks look at your credit score and debt from your country of residence. This means any home loans you have on your credit report will factor into how much you can borrow for a home in Jamaica.

When you purchase a home abroad they do not look at mortgages held in foreign countries, like Jamaica. For example, when I buy a home in the U.S. they do not factor in open mortgages that I have in Jamaica because they do not show up on my credit report.

Learn more about Buying a Second Home in the below video:

video preview​

Need assistance buying a Second Home in Jamaica? We can help!

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eBook - How to Buy an Investment Property in Jamaica

Your step-by-step guide to finding, purchasing and managing an investment property in Jamaica
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Featured Property of the Week:

Townhouse for Sale at Bengal Cove Villas - Discovery Bay, St. Ann

Overview

Transcending style, this waterfront development celebrates the perfection that is Caribbean waterfront living. With 3,224 SQ ft this home embodies the perfect blend of luxury and tranquility. This beautifully designed coastal villa has 3 en-suite bedrooms including the grand primary suite with it's luxe walk in closet and a main level en-suite bedroom.

Walls of glass, high ceilings, a beautiful chef's kitchen, the open roof terrace with dedicated powder room, media room, the 2 car garage, and private plunge pool make this a perfect home for family and entertaining.

Take the fun all the way to the private beach cove, the club house and the infinity pool that are a few steps away from the unit. Located along the Bengal stretch just off the North Coast highway, there is easy access to the international airport in Montego Bay, and all the sights, and sounds that the North Coast has to offer.

Unit Details and Pricing

  • 3 bedrooms / 5 bathrooms
  • 3,224 sq. ft.
  • Listed for $850,000 USD

Community Amenities

  • Infinity Pool
  • Clubhouse
  • 24hr Security
  • Manned Security Post

Photos

Please reply to this email for more details.

***Courtesy of COLDWELL BANKER JAMAICA REALTY***

Please reply to this email with any questions or if you are interested in purchasing a home in Jamaica.

See you next week!

Stay Blessed,

Jess Martin @ SideHustleMama​

Email: jess@sidehustlemama.co​

WhatsApp: +1 (631) 449-6481

Global Investor Agent | Real Estate Consultant

Powered by eXp Realty - Atlanta, GA

113 Cherry St #92768, Seattle, WA 98104-2205
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SideHustleMama

Jess Martin

Hi, My name is Jess. I help people buy real estate in Jamaica and setup on Airbnb to create passive income. I have bought multiple properties in Jamaica while living in the U.S. and bring a unique perspective to investing in Jamaica. I look forward to sharing how you can buy real estate in Jamaica and then setup the property on Airbnb to maximize revenue! Be sure to check out the below links and also subscribe to my blog: https://sidehustlemama.ck.page/5aebdcdd20 Here is a full list of services: https://sidehustlemama.co/services/

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