All Forum Posts by: Aaron T.

I would recommend talking to Nathan Ward with Timberline Ridge Home Inspections.

@Aaron T.

Hello Aaron, im a native of Puerto Rico, and i also share the interest in real estate investing and deals. I use facebook, and a classifieds web page , sort of a craiglist but for PR. Realtors kinda just have a monopoly going on. There is really no MLS. As that can raise doubts or questions, i see it as an opportunity to really get the wholesale deals. I have a very good sense of the market as i have been comparing markets like central Florida, south Florida, Pennsylvania, currently working with a best friend which is a realtor in Georgia, as well as our church friend which is working with an investor and we share with each other similarities or differences. I have narrowed my opinion as i have experience in the construction, handyman side, as well as i have spent the past 3 years independently learning financial education. I am working on putting a sort of strategy for first time investors in Puerto Rico, and have an answer to such great questions like the one you asked. If you like to connect and hear an opinion, at your service.

Pierre, yes there is no MLS. point2point or FB groups are a help as well. Realtors are lazy and non responsive. I am still waiting back from a text I sent last week.

Puerto Rico will always be a tourist area to visit and whatever the situation they may encounter, the streets are full of tourist. In my opinion investing near or 10 minutes away from the Ocean is an A+. 

@Aaron T. 

Even if you got a variance, if you want to do a short-term rental/Airbnb rental, you need to make sure it's at least 500' from the other nearest non-owner occupied STR.

Now, if you live in the property, the city of Colorado Springs is okay with you doing Airbnb in it, no matter the zoning and no matter the density of other nearby STRs.

Furniture can be setup as a fixed asset alright, but it can still be deducted in full immediately using one of the two depreciation provisions: Section 179 or bonus depreciation.

 I know 179 says for office furniture. are you guys using 179 for BNB furniture too?