All Forum Posts by: Anthony Santos

@Justin Ceballos thanks for the great advice, ive traveled for most of the island but honestly the only time im in the north is when i land in san juan.

For the most part i stay in the southern part of the island from cabo rojo to humacao. Coamo is where my family stays so thats what I know.. and all the south talks about how much crime and drugs are in the north but I guess thats just the south of the island being biased. I am being told on the forums that the metro areas are the best places to invest and I will definitely look into that thanks

Originally posted by @Daniel Vazquez:

Hi Anthony, I live in Puerto Rico and I got to tell you that duplex properties down here are not quite the best investment unless you want it for personal use or buy for rent. Most people prefer a detached property with some land on it because they're easier to resell than a duplex one. The most common properties have lot sizes from 300sqmt to 600sqmt while duplex has less. You can get discounted REO deals from $50K to $100K with a potential ARV from 20% to 40% or more depending on many factors. I'll give you and example of my last investment where I paid $113K and put some $20k on it. Whenever I want, I can resell it for $170k to $190k.

 Hey daniel,

beautiful setup you have there, and thanks for the good advice.. honestly i was just looking for something to house hack in puerto Rico but still keep my properties here in NY. Something that when i visit puerto Rico i have a place to stay and that will pay itself off. So yes its for personal use and to rent. Im more of a buy and hold type of investor but if this sounds like a bad idea let me know you know more about the island than me 

thanks

Hi @kira golden what parts of the island have you been investing in?

Thanks for the advice, I will take a better location into consideration thanks

Hey there fam, I have a couple of duplexes in upstate NY but i work in NYC. I have family in puerto rico and I go there almost  every year since I was a kid. My dream has always been to live in puerto rico and have a place here in NY. I recently found a duplex in puerto rico that I can house hack but I'm just worried about the economic situation in puerto rico. the house is in a small town of Coamo not the metro area.

should I take this risk of investing in Puerto Rico?