Vacation Rental San Juan, Puerto Rico

[Nadav Givoni]

Guys,

I've reached out to a few of you, but I thought I'd cast the net out a little wider.  

I recently visited Puerto Rico with my family and loved it.  So much so that I'm considering purchasing a vacation rental.  I'm wondering if anyone has some insight on the process?

Any help would be great.

Thanks,
N

[Pat Marco]

@Nadav Givoni

I know it’s an old post but what I know about Puerto Rico is that now is the best time to buy - after the hurricane they’ve received plenty of funds and there are huge companies going in there because 97% of the island is an Opportunity Zone

I would stick with the metro area of

Condado (too expensive now)

Isla Verde (only near the big hotels beach front)

Old San Juan (anywhere anytime there is good because of scarcity of supply and steady demand with tourism and the uniqueness of the place)

Problem is how we banks would want 40% downpayment but maybe you will find other investors willing to carry financing for a year or two till you get established and show presence on the island then banks will give you a loan with a 25% downpayment

Got a lot of clients and investors friends down there and they love it