New To Real Estate - Puerto Rico

[Richard Lopez]

Hello everyone, my name is Richard and I live in San Juan, Puerto Rico. I’m relatively new to the world of real estate investing and I’m excited to see what’s in store! I really want to get into rental properties and maybe even vacation homes since Puerto Rico is a huge tourist destination. I’d love to meet up with some of you and chat if you’re in the area! - Richard D.

[Account Closed]

Originally posted by @Richard Lopez:

Hello everyone, my name is Richard and I live in San Juan, Puerto Rico. I’m relatively new to the world of real estate investing and I’m excited to see what’s in store! I really want to get into rental properties and maybe even vacation homes since Puerto Rico is a huge tourist destination. I’d love to meet up with some of you and chat if you’re in the area!

- Richard D.

 Hi Richard, welcome to BP. The rest of the U.S. uses Title Reports and Property Deeds. I am interested in knowing how parcels are identified and Titled in PR. I read that because of the hurricane, it was unclear where some people's property would be located and who the owner of certain parcels would be. I was under the impression PR uses the same basic system as the rest of the country. What am I missing or getting wrong? Also, how stable is the electrical grid at this point. Do they maintain electricity 24/7 ?

[Richard Lopez]

Hi Mike, I’m definitely going to look into that. As the the electrical grid, it all depends where you are on the island. I’m in the greater San Juan metro area. Although there are sporadic problems here and there, over all the electrical grid in functioning pretty well.

[Jack Butala]

@Richard Lopez welcome to BiggerPockets!

Thank you very much for reaching out to the BiggerPockets community. It’s a good start towards successful deals.

Congratulations and best of luck on your future endeavors.

[Account Closed]

Originally posted by @Richard Lopez:

Hi Mike, I’m definitely going to look into that. As the the electrical grid, it all depends where you are on the island. I’m in the greater San Juan metro area. Although there are sporadic problems here and there, over all the electrical grid in functioning pretty well.

 Start with looking for "Title Companies" and "Escrow Companies" and in spanish speaking areas "Notaries". Have a conversation with them and ask how "Deeds are recorded". If they don't know, ask how the government keeps track of who owns which parcel of property. Here are a couple to start with: I simply got these off the web so I have no idea how reputable they are but try them and see

Parque Centro 1500
San Juan, PR 00918

787 * 753 * 0339

1431 Avenue Ponce De Leon 801
San Juan, PR 00907

102 Torres San Crst 204
Ponce, PR 00780

207 Calle Tetuan
San Juan, PR 00901

• 555 Prira Leal Street Apartment 201
  San Juan, PR 00923

  787   531-1179

• 207 Calle Tetuan
  San Juan, PR 00901

• 259 Calle Chile
  San Juan, PR 00917

• 402 Calle 2
  San Juan, PR 00923

[Jan Morales]

I know this is an older post but I'll try to answer to the best of my ability.

Each property is supposed to have it's own "Catastro" and Parcel number to identify them. These are public record and there is a GIS Database (Portal Catastro Digital y Productos Cartográficos (crimpr.net))
where you can access this parcels to see their "Catastro number", owner, area, the assessed value for both the land and the structure for tax purposes and you should also see the date of the last sale and the price. In addition you will see this things called "Tomo", "Folio", "Finca" and "Escritura". These numbers can be used to look up any presented documents regarding that property in the State Property Registry (Registro de la propiedad). This database can be accessed on the following website: 
KARIBE (pr.gov)

Hope this helps!

[Andrew Syrios]

Welcome aboard Richard and good luck investing!

[Justin Windham]

@Richard Lopez

Welcome to the BP forums!

This site is great if you are looking to invest into real estate.

If you are looking to connect with other members near you, or want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users