Creating a MLS for Puerto Rico

[Chris M.]

I moved to Puerto Rico about 8 months ago, and apparently there is no MLS here. Agents, or even fake agents, will post the same listing online, and then contact the real owner, and then take a cut. I didn't know this was a thing until literally yesterday.

Anyways the existing website where people can see listings is similar to a Craiglist-type website. https://www.clasificadosonline...

They don't have many search parameters, and no notification system, so I decided to build a bot to collect all the agent information, and all the listing information, and create alerts and notifications based on whatever someone wants. I've been listening to Brandon Turner and David Greene for awhile, along with others in the industry, and understand finding a good deal can be lucrative to other investors. I know a few investors who want to find Repo'd homes here in PR, and it's valuable for them. I'm sharing this to find some investors who might be interested in collaborating/partnering on some deals of some sort. I can also aggregate data from other listing-type websites as well. Just need to know which ones to add.

One incentive to purchasing a home in PR, is Act 60, and paying 4% of federal income tax for a business, or 0% Capital Gains tax, though you must live here 184 days out the year. There is some wiggle room, but for more details, let's discuss that. Happy to provide resources if you want to look into that. That's a whole other conversation.

[Kathryn Morea]

Hi Chris, I also live in Puerto Rico and you are absolutely right about the way things work here!  I founded a very active real estate group on the island.  We meet in San Juan monthly and we also meet weekly.  See my signature for more info.  I'm sure there are many of us who would be interested in your bot and I personally know of cash investors looking for a deal.