Buying property in Puerto Rico

thestrongprofessional

$ Saving Sixth Grader

Join Date: Nov 2016

Forum Posts: 65

Location:
San Juan, PR
#1

Buying property in Puerto Rico

12-03-2016, 07:00 AM

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
Tags: financing, puerto rico, real estate
sv2007

$ Saving College Junior

Join Date: Apr 2016

Forum Posts: 1036
#2

12-04-2016, 03:53 PM

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

Announcement