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Updated over 1 year ago, 08/11/2023
Buying in Puerto Rico is a great deal. Many tax breaks via Act 60 aka Act 20/22.
Hi All,
Buying investment property in Puerto Rico whether long-term or short-term rentals, is a great move. The island has some amazing tax breaks for real estate investors via their Act 60 formerly Act 20/22 tax laws.
That said, purchasing in PR is complicated. Working with agents in PR is complicated. The mortgage process can be very different then what you may be used to if this is not your first rodeo.
Most of the areas near the beaches are where people are focusing on, but not entirely. There are other areas of the island that are really conducive to investing. Take a look or reach out.
Thank you.
Ivan R