Newbie from Bayamón, Puerto Rico!

[Julio Navarro]

Hello everyone, I'm Julio Navarro, from Bayamón, PR. I'm a US Army vet, working as an electrician for a private contractor, and desperately wanting out. I first came to know about RE thanks to Robert Kiyosaki's Rich Dad Poor Dad, and now found BP, initially by podcasts. Great show BTW! I've been hearing them from the beginning, going on #40 in less than a week. My girlfriend is joining me in this new venture, and we're really excited! 

So we're most inclined to start off with buy and hold, with a multi family unit. Then adding fix and flip to the equation. But first need to choose where we want to start, not sure if PR is the best place ATM. 

Really excited for what's to come! Hopefully I can find a fellow Boricua here in BP! 

[Luke Aubut]

Hey @Julio Navarro, welcome to biggerpockets!

I'm positive you are not the only Puerto Rican on BP. And you have found a great community here, because dozens,  hundreds or even thousands of members here are interested in investing in PR. You will find mixed feelings from the members here about where, when, and what properties to invest in, in PR. And it seems that in general, we are all confused as to HOW real estate transactions take place in PR (attorney only?) and how LONG does a transaction take. So YOU will probably be able to educate many of us, in at least some way, so please jump into our discussions!

Personally I think there is HUUUUGE opportunity for someone, or a team, who can be a liaison on the island for investors from the states. Whether that be as a real estate agent, a contractor, a property manager, a deal finder, or in some other capacity.  Plenty of Americans want to invest there, and I would guess most of them are at least familiar with the Puerto Rican lifestyle and work pace, and what we really want is someone we can trust to help make smart investment decisions and get things done in a fairly expedient timeframe.  I believe whoever can succeed at becoming the eyes and ears on the island by supplying good information and service, will in turn be rewarded with a very wealthy lifestyle.

Best of luck to you in whatever path you choose, staying on the island or moving to the states! Keep learning and listening to those podcasts.  Also, jump into the forums and discussions here on BP.  I have keyword alerts set up so I am notified anytime someone mentions the words Puerto Rico, that may be of benefit to you too.

Luke