All Forum Posts by: Kathryn Morea

Join us on Thursday 3/24 for our special guest Ari Kresch.

https://www.eventbrite.com/e/r...

6:00-6:30 Networking happy hour with pizza & beer

6:30-8:30 Market report, & presentation

This meeting location info will be provided to ticket holder via email on the morning of the meeting.

Join us in person or virtually.

Michelle,
Here is my understanding - this may be off, I'm not an attorney or CPA.  The tax credits are issued by Tourism.  They used to be Act 74, now part of Act 60.  They are based on 40% of your entire project cost (purchase/rehab) and 1st year operations.  You must be preapproved before you acquire the property or your purchase doesn't count. This must be a commericial short term rental (guest house 7 rooms, Bnb 3-5 rooms or a hotel)  Not a single family house.  Residency in Puerto rico by the owner has nothing to do with it.  These are Puerto Rico tax credits, not IRS tax credits.  The tax credits are generally sold on an exchange for roughly 90 cents on the dollar.  The tax credits are issued in tranches over 3-6 years.  In our REIA meetings, dealmakers breakfast club and lunch & learn, and bus tour we discuss the tax credits quite a bit.  Link in bio for more info.

We welcome investors, wholesalers, landlords, flippers, agents and anyone in the real estate field to network. We meet on the 4th Weds each month.

This month we welcome John Hyre to speak.   If you've never heard him, you are in for a treat.

John Hyre is a tax attorney with 20+ years of experience. He has lived in Puerto Rico for 3 years. His virtual practice caters to real estate investors, small businesses, and self-directed IRA/401k investors all over the US. John provides extensive planning, structuring, tax-reduction and asset protection services. Here's a chance for an informal Q&A with John about US Taxes and asset protection.

Location TBD - exact location will be emailed to ticket holders in the morning on day of event.

https://www.eventbrite.com/e/real-estate-investors-association-of-puerto-rico-reia-rico-tickets-161904539837

Hi Matt,

I'm glad to hear that the news about Puerto Rico has traveled all the way to California / Oregon. I moved here just over a year ago and started a real estate club (REIA). Lots of people here doing short term rentals, a few fix & flippers, multifamily etc. Check my signature for link so you can get more info. I've got some videos and both Angel & I are in Clubhouse every Tuesday at noon your time.

Hello Jahdiel,

I'm not sure if there are any shortcuts to getting your numbers.  Look at Airbnb for similar properties and check their rates and calendars.  Try booking.com, VRBO etc as well.  Create a spreadsheet and analyze the vacancy based on the calendars.  You might want to subscribe to Airdna for a more complete look.  Good luck.

Congrats!! What area is it in?

Short term rental are working great in Puerto Rico! We have a few of them. Are you investing in STR on the island?

Puerto Rico REAL ESTATE BUS TOUR Jan 10-11, 2022: If you missed the last one, REIA Rico has scheduled another bus tour for Puerto Rico real estate investors. This is a chance to view properties in Puerto Rico (San Juan area and east side of island) Learn what other investors are doing in the Puerto Rico market and the kind of numbers it takes to take down a deal in Puerto Rico. Network with like minded people and see the actual properties both finished and unfinished. There will be some properties that may be available to invest in and others that are not. The properties will include projects such as boutique hotels, a bed & breakfast, raw land, a guest house, and commercial/retail projects. This tour will let you see what is going on and learn about the market firsthand.

https://mailchi.mp/ozworksgroup/puertosummit

https://www.eventbrite.com/e/reia-ricos-real-estate-bus-tour-tickets-221931652547?aff=ebdssbdestsearch

#PuertoRIcoRealestate

#PuertoRicoInvesting #realestateoasis

#RealestateinvestingPR

#Islandinvesting

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#Opportunityzone

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#act60 #act20 #act22 #Act2022 #Act202260

#act74 #taxincentives #taxcredits #notax

TicketsJoin us for a special Holiday celebration on Dec 23 as we toast to real estate and have a fun white elephant gift exchange!

https://www.eventbrite.com/e/real-estate-investors-association-of-puerto-rico-reia-rico-tickets-161904539837

Hello Javier - I'm happy to hear you want to invest in Puerto Rico.  There are a lot of opportunities to invest and make good cash flow and returns.  Are you currently on the island?   I have a real estate meetup group.  We also meet weekly.  Check the links in my signature.