All Forum Posts by: Adianice C.

I too was being sold by them (Anderson advisors) to do the same.. made me distrust them.. the consult was free.. 

@Mathias Eliasson

You must know Cherif Madawar ... He owns so many of the buildings there with triple net leases..

I myself am curious as well.. following

@Justin Reyes

I would pull out no more than 50% as a loan.. but understand the risks.. if you lose your job you will stand to have to pay the rest of that loan in full within a certain period of time.. the last time I did this it was the last day of my employment for that specific company that I had been working for.

education is key to make sure that you first contact them and see what your options are then go from there based on what you are willing to risk.

Thank you Clint for this thread... Your post and wish you great success.. I personally have 2 beachfront Airbnb s in Rincon PR and even on a slow month (current month of August) I'm at 2k profit! Woop woop!

currently about to negotiate a seller financing note to purchase a 14 bedroom beachfront property in Luquillo.. (i'll live in one of the 3 bedroom apartments) so that's 11 bedrooms I can rent out on STRs should close by November and moving down to manage, eventually automate the process and crew .. quit the rat race in NYC and apply for Act 20 for tax advantages ... So excited! Did I mention.. beachfront?! You're so right about the data analytics.. airdna.. even without the monthly subscription (free version) allows me to dig deeper.. I feel most don't take the time to actually read reviews posted by guests to use the negatives to their advantage! 

any meetups happening for strs?

Hello BP family!

I'm looking into buying a property with owner/seller financing.. in Puerto Rico..

Info:

- It was purchased as a single unit residential property (appraisal should have been for a

- it's a perfect income producing beachfront multiunit property which he renovated .. 10 plus bedrooms etc

- selling for 800k.. but I can probably get it for 700k.

- minimum cashflow at 5-10k/ month with str via AirBnb.

Con:

- Doesn't have the 2 year minimum rental income history .. which makes even a conventional loan difficult since the monthly expenses wouldn't pair well with my income: debt ratio

Hence why I want to do seller financing..

- I figure I could try to get a lower down payment, lower interest rate and show him that on a 20 or 30 year loan this would benefit him based on amortization schedule etc..

*******

Question for those WITH personal experience in seller financing in Puerto Rico..

- what terms make it benefit both parties?

- any advice or suggestions besides going through a legit CPA or real estate attorney prior to drawing up a proposal for this type of deal..

- any insight would be greatly appreciated!

history since it had been abandoned.. now renovated etc

@Andrew Smith

Puerto Rico !

Strs (via Airbnb)

My main one is also in the Bronx NY.. big one! But I was 20 when I went into contract for the purchase.. year 2002

It's a cashflow of around $2,500/ month alone

Airbnb for 2 beachfront condos .. ( are Airbnb rentals in PR) for July were 6k (profit). But the conservative average is like 1k per month per rental..

Good morning! I'm currently sitting on a stool along the large table in the back.. red curly hair in black attire. 

-adianice

@Steven Coppola

I don't see why not! Make sure to speak to a local broke to see your options.. sounds like a great plan.. I hope they give you a nice family discount ha ha.. and that would be a great way to start getting the bug.. good for you!

@Kelly Putz thank you for the information.. I happen to have purchased property within an opportunity zone.. great strategy!