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Updated almost 6 years ago,
Where to start in Puerto Rico investing?
I purchased a fourplex in Inglewood CA last year and am wrapping up rehab very soon. I'll probably have around 200-300k in equity so Instead of paying down the credit card debt I've accumulated, I'm thinking about scooping up a property in Puerto Rico to pay it for me. I'd like to take a HELOC out to pay for the down payment.
So, I'm looking to visit Puerto Rico sometime this fall. Very interested in either purchasing vacation rentals or small multi families. Must be turn key though. Any advice on dependable property management would be helpful as well since this will be a long distance investment.
I just started doing research on the island and it seems there are a lot of cash flowing opportunities. Does anyone have advice?
Thank you!
mario