Dear Ocean Star Estates Investors,
We are very pleased with your
decision to invest in Ocean Star
Estates, and want to thank you for
joining our more than 10,000 clients
since forming Rogue Investor, LLC in
1999. At this juncture in the
development, we would like to update you
on the project.
Maintenance on the government road that
lies between the paved road to Cambiazo/Luperon
and the main entrance of Ocean Star
Estates has been completed. The road was
widened and repaired, and what was once a
bumpy, 30-minute drive can now be
completed in approximately 15 minutes.
Photos of this phase of the
infrastructure are at
http://www.oceanstarestates.com/road-to-cambiazo.html.
In
addition, the road from the main
entrance into the development has been
cleared and widened, and rough roads
within the development have been cut.
You can view photos of this phase of the
infrastructure at
http://www.oceanstarestates.com/road-construction.html.
We are
currently in the process of negotiating
a contract for the installation of
electricity and water at Ocean Star Estates. It is
anticipated that installation will begin
in approximately 45 days.
Many of
you have already completed the closing
process for your lot and are beginning
to think about construction of a home or
rental property.
We have some great news to pass on to you: construction can now commence.
If you
have already paid for your lot in full,
a British company called
Connect Overseas has agreed
to offer you construction financing for
the full value of the house with nothing
down. Please contact us at
info@oceanstarestates.com if you are interested in building in the near future
and want more information about this
available financing.
After
many meetings, we have secured a
design architect to help you with
your building plans. This architect
has worked on housing projects in
the Dominican Republic, Cayman
Islands and North America. In
January 2008 we will release
custom plans for five model homes: a one-story duplex, a two-story
duplex, and three one-floor houses - all with roof terraces and
ranging in size from 1,500 to 3,500
square feet. The model homes will be
all white with clean lines, and
windows and patios wrapping the
house
to emphasize the ocean views. For
those owners who wish to install a
pool, we recommend an infinity pool.
We can also offer furniture packages to furnish your
house in its entirety, including
household appliances.
Many of you are planning on renting
your property.
We foresee rental income as high as
US$1,000 per month, after deducting all expenses, including property management fees, utilities, maintenance, mortgage payments and taxes.
Examples of potential rental income
based on purchasing a lot with cash
and paying US$0 down on home
construction are available at
http://www.oceanstarestates.com/rental-examples.html.
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Finally, we invite you to visit our
website at
www.oceanstarestates.com for new
information that has been posted since
your last visit. If you haven't already
had the pleasure of touring Ocean Star
Estates and the Dominican Republic,
details on how to arrange this are at
http://www.oceanstarestates.com/tours.html,
or you can watch our online video tour
at
http://www.oceanstarestates.com/video.
Until
next time,
Anita
Evans and Bryan
Rundell