All Forum Posts by: Kathryn Morea

Hi Dean - we had access to a DSCR product until a couple weeks ago - it's currently paused, per my conversation with one of the loan brokers I work with. Maybe it will come back. Reach out to me directly if you want the contact.

You are going to need to check lenders in Puerto Rico - very few US based lenders lend in PR.  I believe Sunwest is one.  Otherwise go to BPPR, First Bank, Oriental, and the local Co-ops.

Hello Jose, most of the US mainland banks are not lending in Puerto Rico. There are also not as many options, for example, there are no HELOC products in PR (although it is possible to get a 2nd). You might be able to get private lending and there are 1 or 2 hard money lenders here. I would suggest bringing on a partner or better yet, if you don't own the property yet, ask the seller to carry back the financing. Reach out to me directly, we are located in the San Juan area.

Great thread! If you are interested in Puerto Rico real estate, there are a lot of opportunities here. Since your fiance is from Puerto Rico, you have a local advantage and language skill in this market. I'm from Los Angeles. I sold all my properties there 2 years ago and invested in Puerto Rico instead for several reason - much lower entry price point, much more friendly laws for STR, tax incentives for STR and better business climate compared to LA. Please contact me if you want more info about the real estate market in Puerto Rico.

Join us on Thursday 12/22/22 for our last meeting of the year. In this intimate meeting, we will share our background, why we started REIA Rico nearly 2 years ago and what opportunities we are seeing for 2023.

6-6:30 Happy hour with beer, wine, pizza and open networking

6:30-8:30 Meeting

Buy a ticket

Buy a ticket

Join us in sunny Puerto Rico on Jan 23-26 2023.  It's our 4th in person event - The Puerto Rico Investor Mastermind with Real Estate Bus Tour!! 

REIA Rico along with OZ Works and The Women's Real Estate Network (WREN) are collaborating on this incredible 4 day event which focuses on Opportunity Zones, Real Estate and other tax incentives available in Puerto Rico. All the experts you need in one place: Opportunity Zone attorneys, CPA's, PR Relocate, Invest Puerto Rico, Red Atlas and many more). We will also take a bus to the east side of island to visit actual real estate projects (with stops at Canovanas, Luquillo, Naguabo, Palmas, Humacao and Caguas)

If you have ever thought about investing in a tropical paradise, now is your chance to learn about the opportunities in Puerto Rico.   Or if you are thinking about investing in Opportunity Zones, Puerto Rico is 98% opportunity zone!  Even if you aren't planning to invest in Puerto Rico, learn from opportunity zone experts to help guide you through setting up your own opportunity zone fund. 

From now until Dec 6th we have the best pricing you can get. Early bird pricing of 997 for one ticket. Or, a partner ticket buy one, get one half off, you get both tickets for 1495.50. Ticket includes breakfast, lunch & snacks for 3 days, bus tour, and REIA Rico entry on 4th day. And of course, fantastic networking!

Come enjoy warm tropical weather in January!  Room block at the Condado Palm

For more info

Here’s the info about the event:

https://huwa09bm.pages.infusionsoft.net/

Here’s the link for the DISCOUNT:

https://yh965.infusionsoft.com/app/manageCart/addProduct?productId=46

#Opportuntyzones #puertoricoinvesting #oz #opportunityzone #islandinvesting #puertoricorealestate #taxincentives #taxsaving 

Quote from @Yuriy Skripnichenko:

@Lindsay Schubert

There are quite a few different investors meetings on the island. Check https://www.biggerpockets.com/...

And talk to @Kathryn Morea 

Cheers, 

Yuriy

 Thank you for the mention!  Yes, lots of great deals in Puerto Rico - feel free to DM me!

Join us for this special evening of networking and real estate education as we welcome our featured speaker Jonah Dew sharing about infinite banking - what is it? How can you become your own bank? Additionally, we have Adam Greenfader launching his much awaited book "Why Puerto Rico Now". He's chosen REIA Rico as the venue to launch the English version of this book!

6:00 pm : Happy Hour networking with beer, wine & pizza

6:30pm: Presentation begins

8:45pm: Closing announcements and wrap up.

Get your tickets in advance and save $5:

https://www.eventbrite.com/e/r...

Quote from @Matthew C Dominy:

@Duamel Vellon I am also looking at this as PR has been on fire for a while now from what I hear

@Kathryn Morea I don't have plans today so won't be able to attend your meetings any time soon, but as a hotel veteran, I would like to hear about opportunities in PR. Also, do you see continued strength? Did Hurricane Ian affect anything?

Hi Matthew, I would like to tell you about the opportunities however BP deleted my post.  Between 98% of PR being opportunity zone and a 40% of total investment back to investor in the form of tax credits for hotels, there are lots of reasons to invest in PR.  Please DM me for more details.

Hi Duamel,

I'm invested in several commercial projects in Puerto Rico.  Mostly along the lines of hospitality, small hotel type projects.  I run a real estate investors group so we often discuss this at our meetings.  Feel free to reach out to me directly for specific questions.  Are you visiting the island?