Hi All, I am looking to invest in rehabing a property in Puerto Rico - Sabana Seca area. I have been doing some research on the local market in attempt to compare local rent rates and property valuations but there is not a lot of other properties list online in the area. Curious as to if anyone has invested in this area and can provide any information around the comps?
Developer · Aguada, PR · Member since 2014 · 927 posts · 278 votes
3y
Comps are hard to come by and they are very specific to an area. The comp they use may be a couple years old or miles away. You just have to be smart about how to analyze that data.
Additionally there are many people who either do not want to work here or they are not skilled for the job they say they can do. Again, do your due diligence on the people you work with here.