Heloc to buy Airbnb in PR

[Matt Lopez]

Hey guys, i have a Duplex thats cash flowing. Bought it for 225, 200k still on mortgage. Its now valued at 360k. HELOc is letting me access 100k, was going to use a portion of that to buy an ocean view apartment in Puerto Rico west side for 280k. (2bed 2bath)

My question is have I missed the boat on airbnb? Rents for around $200 a night BUT complex HOA has 4-5 night minimum on str's. Hoa's have always made me nervous.

Also investing in Puerto Rico! A lot of tax incentives, my family lives here in metro area. Its in Isabela pr, I don’t think the property will appreciate well its the str rental income im after and enjoying the unit for myself.

Also contemplating not getting an apartment and going even bigger maybe a 1.5 mil duplex triplex in a more visited part of the island.