All Forum Posts by: Karelyn Cruz

Hello all! We are looking for recommendations of CPAs with experience with STR and real estate taxes in Puerto Rico. We currently have two investment properties in PR and are planning to start a STR and want to be sure we are maximizing our taxes. It has been difficult to find a good CPA with knowledge in PR tax law and Federal and State tax law. Thank you for your help!

I second @Alvin Clay's question. I'm also looking for a CPA or accountant with tax law experience with investment properties in PR. Any recommendations? 

Has any of you look into the new "Renda Segura" program in the municipality of Lisbon? I'm curious is this might be a good investment path. The way I see it, the positives are that the municipality takes the burden of finding the tenant, rental agreement with the municipality is for are for at least five years (this might be a negative for some) and you'll be exempt from both property and capital gains taxes. The negatives are that rents are might be lower than market rates and definitely than Airbnb rentals. Has anyone run some numbers to get a sense of when this program might be a good investment? 

https://www.lisboa.pt/fileadmin/cidade_temas/habitacao/documentos/ProgramaRendaSegura_CondicoesGerais.pdf

https://www.bloomberg.com/news/articles/2020-07-08/lisbon-s-plan-to-reclaim-vacation-rentals-for-housing

@Aaron T. One follow up question, what website do you use to find foreclosed houses in PR? Any free websites? The ones I find charge you to get detailed information. I assume there has to be a public database with all the info for free, no? Thanks for your help! 

@Aaron T.

Thanks so much Aaron for your prompt response. I was afraid that was going to be the situation. Too bad... :(

@Aaron T.

Does anyone knows where I can find a list of properties with tax liens in PR? Is there an agency that has that info and if so, how can I get it? Gracias!

This is the discussion we’ve been looking for! My husband (Portuguese) and I are interested in buying a short term rental apartment/house in Portugal. The goal is to have a place for us to stay when we visit his family (they live close to Torres Vedras) and also have a place that cash flows. We’ve been struggling to narrow down an area around Lisbon that makes sense. So far, we’ve been looking at Ericeira, Azeitao, Sesimbra and downtown Lisbon but those areas are saturated and are expensive. Any recommendations/suggestions? Aside from the real estate websites (idealista, sapo,Imovirtual) and AirDNA, is there another website/source that we can use to analyze the areas? Our budget is <$250K for a T2. Thanks for your help and look forward to connect. Muito obrigada!

Thank you all for all the good info about investing in PR. Has anyone been successful in doing a BRRRR in PR? I wonder if it is worth trying given the low house prices right now. Thanks!

I'm interested in investing in my native PR in the upcoming year and I was considering the BRRRR method. Has anyone been able to do it there? If so, how much was your ROI? I'm concern that PR might not be a good market for this. I'm interested in multifamilies in the area of Caguas. Thanks!

I know I have posted similar questions before but my husband and I are still going back and forward about where to buy. Scenario- would you buy a 1800 sq ft  house in Congress Heights (or Hyattsville) for $280-300K or a 900 sq ft in Deanwood/Benning Road area for $380-400K? Both are close to metro and renovated. We know the growth is faster and the taxes are lower in DC but the monthly payments will be higher. What would you do? What are the pros and cons in your opinion? Thanks!