All Forum Posts by: Aaron T.

Luis,

you can't use VA loan to rent it out. the VA means you need owner occupy.

second, if you are looking for long term rental, you need to look at the job market in PR. 60% of people are on state assistance and not working. So if you buy it to rent, then will you find someone who is working and able to pay monthly. this is a big problem in PR. 

as far as natural disasters, there are summer storms (hurricanes) and right now we are dealing with earth quakes in Southern PR near the Ponce area. However these aftershocks can be felt all over the island. Although they can be felt, they are not currently destructive outside the Southern area. 

If I were you, I would meet up with local investors and like minded people in your area. it will help develop out your plan.

COC will be tough, but if you take into account all the rest of the numbers and benefits, then it makes a still a decent investment.

Investors will take their money somewhere else. good luck CO. I was going to buy a second property in COS, but the city or state reducing the exit strategies, its not worth it to me. 

When inventories are low, its a sellers market, and then the prices end up artificially inflated. You have to search out the deals until inventory comes back on line. Tampa suffered the same problem over the last several years. They are just catching up over the past year. properties are sitting on market longer, and you will see price reductions. that is a good indicator that supply is coming back. 

 I am down there 3-4 times a year visiting family. My wife is down there now looking at places. 

 sounds good. the property has gone up in value over the past 5 years, so its time to pull out some of the equity and dump it into a new cash flowing rental. 

 right around $500k

 Yes, that is what i was thinking. i used quicken because they say they are friendly to AIRBNB income. i am in the process of working with another broker to shop the product around. 

I had a snapscan scanner and loved how easy it was, however it did not have the TIWAN file, so we could not use it to upload into quickbooks. I am looking for a small receipt scanner that will work with quickbooks.