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Updated almost 11 years ago,

Account Closed
  • Multi-family Investor
  • San Juan, Puerto Rico
1
Votes |
90
Posts

Continue investing when people is leaving?

Account Closed
  • Multi-family Investor
  • San Juan, Puerto Rico
Posted

I'm already investing successfully with positive cash flow in Real Estate with no vacancy rate in all my properties, but I have a concern, people are leaving this island (Puerto Rico, the Detroit of the Caribbean) at historical levels, we have been in recession since 2006, we have a 87 billion debt and there's no jobs. I don't want to feel like I'm rich in Haiti. I had to lower the rent to stay competitive with the competition, I know some landlords that are selling their houses because of the negative cashflow & vacancy rate & I want to be proactive, What should I do, buy, sell.... I can't find good deals here and I don't trust my area, in my opinion quite overpriced. .

P.S Either way I'm gonna move soon.

http://qz.com/164317/the-scary-thing-about-puerto-ricos-population-its-leaving-the-island-for-good/

http://online.wsj.com/news/articles/SB10001424052702304173704579262390542968318 http://america.aljazeera.com/watch/shows/the-stream/the-latest/2014/1/24/puerto-rico-the-nextdebtcrisis.html

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