Puerto Rico Investing

[Steven Segal]

I have been interested in Puerto Rico for awhile, but I would like to get some people's insight to what is going on there with real estate prices.

1. As there isn't a good MLS or records search to comp, how do you go about making sure there is good pricing? It seems pretty risky to just find a realtor and expect good results as they obviously get paid on sales.

2. Where are prices at for homes compared to a year ago? five years ago?

3. For commercial, what cap rates is the island running at?

4. For debt, are people looking at PR banks? What are standard interest rates?

5. What do you see as the opportunity right now?