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Updated over 1 year ago on . Most recent reply

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Alexander Roman
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Wholesaling deals in Puerto Rico

Alexander Roman
Posted

I'm currently living in Puerto Rico and I've been working through starting to focus on investing in real estate through wholesaling. Therefore, by looking into the whole process the tools and apps (zillow, batchleads and so fourth) that are used to complete a wholesaling deal are not applicable on the island. 

Consequently, have any of you have ever done a Wholesaling deal in Puerto Rico? And if so, what are the tools that you used to complete the process? 

And if I'm missing something please correct me if I'm wrong. Thank you in advance and any advice would be appreciated.

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Kathryn Morea
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Kathryn Morea
  • Developer
Replied

Alexander,

There are some wholesalers in Puerto Rico.  Personally I've paid a wholesale fee for a property I bought and I've seen others in our real estate group pay wholesale fees.  Where did the wholesalers find the deals?  Word of mouth, uber, clasificados, networking, bandit signs (in Spanish).  The deals were not found using zillow, text campaigns, door knocking, expired listings or any of those wholesaling tools used in the mainland.  Being bilingual is a huge super power here.  We have buyers in our group.  People are always looking for deals.  

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