Best financing options for STR in Puerto Rico

[Chris Dumesnil]

Hi everyone, I’m looking at purchasing an investment property (short term rental) on the West Coast of Puerto Rico. I know things work a little different down there than they do in the states, so I was wondering what the best type of loans or financing there might be rather than a conventional loan? Thanks in advance!

[AJ Wong]

Quote from @Chris Dumesnil:

Hi everyone, I’m looking at purchasing an investment property (short term rental) on the West Coast of Puerto Rico. I know things work a little different down there than they do in the states, so I was wondering what the best type of loans or financing there might be rather than a conventional loan? Thanks in advance!

 Hi Chris, actually I just got prequalified with my longtime friend and partner @Joseph Chiofalo. We work for a lender that basically treats loans like the states and I've been wanting to invest there for years! Essentially the only difference is the title process can be lengthy. I'll be posting about it here shortly. We're looking for a place near Rincon if you find anything worthwhile!