The Saving Advice Forums - A classic personal finance community.

Buying property in Puerto Rico

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Buying property in Puerto Rico

    This is probably a long shot but do any of you guys have experience with real estate in Puerto Rico? I moved here about 11 months ago and have been renting since then. I have been doing research on real estate and it seems that the process is different than in the US. Any insight would be greatly appreciated.

    Thanks,

    Raphael
    Check out the go-to blog for personal and professional development
    thestrongprofessional.com

  • #2
    Sorry, no experience; but I'd personally contact a few realtors there and get some advice.

    This thread reminds me of another thread about buying in Flint or Detroit MI. It seems like taking a gamble (although the RE prices are lower perhaps due , in part, to the uncertainty). How's the taxes and everything there? Did PR get some resolution on its debt issue? Personally, I'd wait a few years until all this settles down before I buy. I guess I'm just not a RE speculator.

    Comment


    • #3
      Sorry, no real experience. But I'm sure it's cheaper to buy property there than it is here in the US. I think you should get advice from a realtor or ask on the Puerto Rico forums. If they have active forums, of course. Because I was surprised to learn that not many countries have forums as a popular form of information exchange

      Comment

      Working...
      X