Advice for the Puerto Rico market

Advice for the Puerto Rico market

Member since 2020 · 1 post · 0 votes

My dad and I are relatively new to real estate investing and have a close contact who has purchased a 16 unit there. We are ready and hungry to find deals and take action and from a general standpoint, Puerto Rico looks like a good place to buy mostly for a vacation home and possibly just as a rental. My dad is flying down in July to get on the ground to meet with a contact we have and get better details but I wanted to reach out to the BiggerPockets wide variety of intelligence and see if anyone has more insights to Puerto Rico and any advice that we could use. Anything would be greatly appreciated!

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  • Developer · Member since 2010 · 188 posts · 103 votes
    5y

    Hi Brady,

    We have a very active investor community in the San Juan area in Puerto Rico. We have a monthly meeting REIA Rico in Miramar - check the events section of Bigger Pockets. We also meet Saturday mornings at 7:30am in Gustos Miramar for our deal makers breakfast club. I'm an agent and know at least 5 agents who can help you. Investing in Puerto Rico is very different than in the mainland. DM me for me details on the meetings and how I can help.

  • Aaron T.Pro Member
    Developer · Aguada, PR · Member since 2014 · 927 posts · 278 votes
    5y

    Brady,

    what type of information are you looking for in particular? there are several investors here on BP that invest on the island and can help. 

    Good luck, enjoy the island while you are there. 

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