Presented with an opportunity...Is Puerto Rico viable for REI?

Buying & Selling Real Estate
10yFollow

Presented with an opportunity...Is Puerto Rico viable for REI?

Yadira Gutierrez
Fort Lauderdale, FL · Member since 2015 · 45 posts · 6 votes

Hello REI Community,

I am originally from PR and I am always looking for REI opportunities there because of nostalgia and maybe retirement. However, I don't have a clue if investing there would be a wise move. Thoughts?

I am currently presented with an opportunity of a distressed property there, having auction on December. Should I?

Thanks bunches!

Yadira

0Reply
20 views

Most Popular Reply

Anthony Benjamin
Carolina, PR · Member since 2015 · 15 posts · 5 votes
10y

Hi @Yadira Gutierrez,

I am currently living in Puerto Rico. Born and raised. I think that we have a lot of REI opportunities available. I am working on buying a foreclosure property right now. I don't have to much experience in the market, but I am willing to help you on any concern that you may have.

2Reply
See this reply in the discussion

9 Replies

Jump to latestLatest
  • Daria B.
    Rental Property Investor · Gainesville, FL · Member since 2015 · 1k+ posts · 432 votes
    10y

    @Yadira Gutierrez

    I'll be following this thread. I'll be going back to visit for Christmas and have been entertaining investing in PR. I'm not from there but I have friends that live there, born and raised.

    0Reply
  • Anthony Benjamin
    Carolina, PR · Member since 2015 · 15 posts · 5 votes
    10y

    Hi @Yadira Gutierrez,

    I am currently living in Puerto Rico. Born and raised. I think that we have a lot of REI opportunities available. I am working on buying a foreclosure property right now. I don't have to much experience in the market, but I am willing to help you on any concern that you may have.

    2Reply
  • Anthony Benjamin
    Carolina, PR · Member since 2015 · 15 posts · 5 votes
    10y

    Hi @Yadira Gutierrez,

    I am currently living in Puerto Rico. Born and raised. I think that we have a lot of REI opportunities available. I am working on buying a foreclosure property right now. I don't have to much experience in the market, but I am willing to help you on any concern that you may have.

    Anthony

    Island newbie

    0Reply
  • Yadira Gutierrez
    OP
    Fort Lauderdale, FL · Member since 2015 · 45 posts · 6 votes
    10y

    @Daria B. I can t wait to hear your impressions when you get back. Ask tons of questions!

    @Anthony Benjamin I will keep in touch... awesome to have eyes on the ground! I will be asking many questions :)

    0Reply
  • Daria B.
    Rental Property Investor · Gainesville, FL · Member since 2015 · 1k+ posts · 432 votes
    10y

    @Yadira Gutierrez it's always nice to look around when I travel. I've never thought of PR for investing until a year ago. I go back as often as I can to visit. We stay in Camuy, which is where my friends family is from.

    @Anthony Benjamin what particular areas do you look at? Are you working with an agent or do you belong to a REI club?

    0Reply
  • Anthony Benjamin
    Carolina, PR · Member since 2015 · 15 posts · 5 votes
    10y

    @Daria B. - I live in Carolina, PR.  I basically research around the Metro area (San Juan and surrounding cities).

    @Yadira Gutierrez - Be happy to help you.  Shoot me an message so we can continue the conversation.

    0Reply
  • Sergio V.
    Investor, Developer · Brookline, MA · Member since 2015 · 46 posts · 10 votes
    10y

    I am also interested in this topic. PR came up in several conversations I've had recently with other investors.

    Please post details of the deals you come across or buy into.

    Many thanks!

    0Reply
  • Yadira Gutierrez
    OP
    Fort Lauderdale, FL · Member since 2015 · 45 posts · 6 votes
    10y

    @Daria B.

    Did you go to Puerto Rico? Your impression of REI there? Doable?

    0Reply
  • Daria B.
    Rental Property Investor · Gainesville, FL · Member since 2015 · 1k+ posts · 432 votes
    10y

    @Yadira Gutierrez

    Hi,

    Yes, I went but didn't get any chance to look around. Landed in Aguadilla and stayed in Camuy. Usually land in San Juan but there were a better flight to Aguadilla since San Juan is so far from Camuy.

    Kira Golden sent me a PM but I never followed up. I'm still interested in learning about vacation rentals as a "learning" of and about but not ready to just jump in. There is so much that I can absorb and act on. LOL

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free