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Updated over 4 years ago,
Property in Puerto Rico
Hi everyone, i have never invested in real estate but am looking to start. I have a partial inheritance of land from my father in Puerto Rico. He died in 2004 and the land has been sitting there with an unfinished home ever since. I have 7 brothers and sisters that would also have partial ownership, 2 whom have since deceased. Some of us are in contact but some would be difficult to find. My father didn't leave a will, so there's no direct heir. Has anyone ever had a situation like this? I was interested in buying out my brothers and sisters but I'm not sure where to even start with this. It's in Isabela, Puerto Rico and really close to the Jobos Beach area so I wanted to repair and finish the house (if possible) or build a new home as construction would be less expensive. Not sure if I wanted to rent or Airbnb but I'm not really at that point yet. Thanks for any help anyone can provide.