Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply presented by

User Stats

5
Posts
1
Votes
Gene Corchado
  • Flipper/Rehabber
  • Waterbury, CT
1
Votes |
5
Posts

Property in Puerto Rico

Gene Corchado
  • Flipper/Rehabber
  • Waterbury, CT
Posted

Hi everyone, i have never invested in real estate but am looking to start. I have a partial inheritance of land from my father in Puerto Rico. He died in 2004 and the land has been sitting there with an unfinished home ever since. I have 7 brothers and sisters that would also have partial ownership, 2 whom have since deceased. Some of us are in contact but some would be difficult to find. My father didn't leave a will, so there's no direct heir. Has anyone ever had a situation like this? I was interested in buying out my brothers and sisters but I'm not sure where to even start with this. It's in Isabela, Puerto Rico and really close to the Jobos Beach area so I wanted to repair and finish the house (if possible) or build a new home as construction would be less expensive. Not sure if I wanted to rent or Airbnb but I'm not really at that point yet. Thanks for any help anyone can provide.

Loading replies...