Skip to content
×
PRO
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
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Out of State Investing
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

User Stats

3
Posts
1
Votes
Nelson Hernandez
  • New to Real Estate
  • North Jersey
1
Votes |
3
Posts

Investing In Puerto Rico

Nelson Hernandez
  • New to Real Estate
  • North Jersey
Posted

My goal is to invest in a multifamily property to live in/airbnb. Me and my significant other are currently located in NJ but dream of making this move happen on the island. Why? One reason is to invest in the land my ancestors came from and contribute to conserving the culture. My only fear is making the jump with no employment set in place. I'm a furniture repairman for a retail company only located in the north east. My partner works remote and can move around as she pleases. In my head I'd want to buy a property cash or creative terms with a private money partner for the home and maybe a 2nd partner for the furnishing and start-up funding. I'm just trying to figure out how i can structure a deal in everyone's favor. Let's say i have an off-market deal for a two unit multi-fam in aguadilla for $240 "as-is". The seller lives in FL so the property is vacant. How should I look at this? Looking for people familiar with the PR market that can assist with underwriting. Running comps can be a bit difficult on the island.