HI, I am interested in learning about Puerto Rico
Hello, All
I am new to BP, stumbled across this site while researching buying property in Puerto Rico. I live in NYC, own property in Georgia (rental) and looking to possibly buy a house in Rincon, PR.
I am wondering if I have missed the opportunity to buy in Rincon as prices are much higher than I expected. Does anyone know this area well? I understand San Juan to be the more touristy side but I have fallen in love with this area over SJ. I would be able to live in the house while renting the lower unit, thus taking advantage of the tax breaks.
I hope to find help with securing loans for purchase as I believe US banks will not provide loans in PR. I've heard and read horror stories about trying to secure loans in PR.
I look forward to meeting others and learning from everyone.