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All Forum Posts by: Genesis Rivera Rios

Genesis Rivera Rios has started 5 posts and replied 26 times.

Post: Any real estate investors in Puerto Rico?

Genesis Rivera RiosPosted
  • Puerto Rico
  • Posts 26
  • Votes 4
Originally posted by @Osvaldo Legrand:

Hi Genesis and everyone else. Im also here in PR and just starting to get into the real estate business, I actually bought a rental  not long ago that im working on. What im actually struggling with is the fact that the market here i feel is still going down and im not sure how to get proper comps in order to make the right offer. Hopefully through BP we can reach people who can give us more info. wish you and all here best of luck and if i can be of any help feel free to contact me through BP.

 Best of luck with your new property, i think that the majority of people in PR rent so it's still a profitable business to have but you gotta be careful where you buy since you might be right and the market might be going down.

Post: Any real estate investors in Puerto Rico?

Genesis Rivera RiosPosted
  • Puerto Rico
  • Posts 26
  • Votes 4
Originally posted by @Roberto Torres:

@Genesis Rivera Rios hi Genesis I'm an agent and investor from San Juan Puerto Rico. Bought my first propert last year in Calle Loiza area using HomePath app. They sell fannie mae and HUD properties like @Joe Homs recommended, highly recommened specially to start using FHA 203k loan. I also make videos about real estate so feel free to PM and me and connect. Would love to share everything I know because I just love talking about the market and properties. Good luch!

 Hi Roberto, first of all it's awesome that you bought your first property already! I'm downloading the app so i can check it out. Also how can i find your videos? I'd love to watch them.

Originally posted by @Mike Hurney:

Genesis Rivera Rios,

I've been looking in PR, especially Carolina, for Property. Which area are looking in?

Mike

 Hi Mike, Carolina is actually one of the places I've been eyeing as well as San Juan. 

Originally posted by @Joe Homs:

@Genesis Rivera Rios I just came back from there and I would suggest that you check out the HUD website for some good deals. I was looking in old town San Juan and found a two bed two bath condo for $250k that I am doing the numbers on right now. However if you have boots on the ground there you are way ahead of the game.

Good Investing.

 Hi Joe, that's good advice I've actually been checking out homes in that website for future reference since I'm still saving up money and boosting my credit. A condo is a good investment idea. I also think buying and holding rentals is a profitable niche here in puerto rico since most families rent.

Originally posted by @Mike Klingshirn:

I am interested in the same, Genesis

 Hi Mike! do you know which area yours interested in investing at? 

Hi everyone! I'm getting started in real estate investing. I'm from the area of puerto rico and wanted to know if any of you invest in puerto rico.