Puerto Rico house hack

[John Burton]

My daughter and son in law looking into an owner financed duplex to house hack in Puerto Rico - wondering if anyone had tips on this markets - differences or similarities with mainland

[Lawrence Johnson]

@AdamTafel, I'm a lender here in Puerto Rico and we have funded many loans in Vieques over the last few years. It is in itself a true paradise. Many of my clients have had great success with short term rentals. Yes there is an abundance of Airbnbs, but I have seen when one can offer some additional add-ons ( ie. include a car with the rental, set up tours for guests, etc) it goes a long way in separating themselves from some of the competition.  Also an added benefit too is that many of the properties there have large mother-in -law suites that allow us to qualify them as second homes for better financing terms and more potential for bookings.    I have relationships with many of the re there  and can connect you with some if you'd like so you can get their prospective as well.

I cover the main island too and find that each region has its pros/cons depending on what one is looking for but I do feel that even with the current state the world is in, its a great time to consider investing here in some capacity. I currently have one Airbnb in the town of Isabela (near one of the popular beaches) and  have had great success  even though my listing is in an area also saturated with other listings and I hope to grow my portfolio in the months to come.