Getting started on real estate investing in Puerto Rico

[Jaime Velez]

Hi Everyone,

I'm a Technology consultant originally from Puerto Rico living in Dallas. I'm single, with no kids and no debt looking to start investing in Real Estate in the island. Due to COVID I've been working remotely for the past 9 month and I probably will for the faceable future so I decided to move back to the Island with my parents a couple of month ad and started looking for investment opportunities in the island. I've been looking for apartments for short term rental in Condado and Miramar but the market seems to be tapped and the apartments that I find don't qualify for a conforming loan.

I'm interested in:

- Short-term rentals in San Juan or the west coast

- Rental properties

- Fliping   

Any help will be greatly appreciated 

Thanks,

Jaime

[Aaron T.]

Condado is a great location, yes it is saturated with BNBs and the prices continue to go up. The west coast is also saturated in Rincon, Cabo Rojo, and Isabella. 

It will take a while, but you can still find turn key deals if you look hard enough. The best bet is off market diamonds in the rough. 

Good luck. I am down here now doing maintenance on our place on the west side.