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Updated over 5 years ago,
Networking for Short Term Rentals (AirBnB) In Puerto Rico
Hello BP Community! My wife and I are finally ready to pull the trigger and execute on the business plan that we have developed which is based on applying the BRRRR strategy to short term vacation rentals (AirBnB) in Puerto Rico! However, we are also very much aware that this will be our first real estate deal as investors. That is why we are reaching out to the BP community to try and connect with real estate investors who have operated in Puerto Rico. Our goal is to prove to these investors that we can provide value for them as we learn as much as possible about doing business on the island.
Why short term rentals in Puerto Rico? I'm Puerto Rican and I still have a lot of family that lives on the island. My wife and I both speak Spanish and we love enjoying everything that PR has to offer and sharing those experiences with friends and family. Additionally, vacation rentals offer a unique opportunity to help heal our beloved island as it is still recovering from the effects of Hurricane Maria (I go into more detail on this in my business plan). Investing in Puerto Rico fits perfectly within our plans of "lifestyle investing"
A little about us - I am an engineer in the aerospace industry (mostly working on rocket engines) but my wife is the one with the hard job of staying at home with our two boys. I have a tendency to be overly analytical and get stuck in "analysis paralysis" but my wife a woman of action so we make a good team. We live in California but we will be visiting Puerto Rico later this month (late July to early August 2019) and we are looking forward taking the actions necessary to get started in our real estate investment career.
We openly welcome any information that the members of the BP community would like to share with us and we would love to connect and share our business plan with anyone who is interested. Thanks for taking the time to join this discussion!
P.S. One of our goals is to be successful enough to be invited on the BP podcast :)