Seven years ago, after using timeshares for our annual visits, we purchased a condo on the Dutch side. Security is an important factor in selecting a home. To get a good understanding of your costs and the reporting requirements you should speak with an island attorney and accountant. You can partner with a realtor who helps you find rentals and also manages the property in your absence. You will want someone who can handle the many minor items that arise.

Until you have a strong rental pattern you will need excess cash. If you buy an existing rental property, ask to see the rental history. Most rentals are Christmas to Easter. The economy has a direct tie to your income, so again, have some liquid investments.

It is a wonderful feeling to walk through the door and immediately decompress because it's your home. We only get to stay a couple of months a year right now but when we're there, it's marvelous! We've had some terrific vacations with family and friends there too.

Local financing requires lots of paperwork and everything must be documented. The banks expect a high down payment, like 40% and interest rates are higher than the states. The mortgage term is influenced by your age. Just have patience for it can take a long time to be approved.

It will be a journey that you will never forget!