moneymaker
Recycles dryer sheets
- Joined
- Mar 13, 2013
- Messages
- 106
Hi all, wife and I are starting to really thinking about purchasing a vacation condo in Puerto Rico. This is not a knee jerk decision at all. My wife is Puerto Rican and all of her extended family is still on the island, so we have been vacationing there for years and plan to continue to with our 2 young girls. Obviously we are very familiar with the Spanish culture and we speak Spanish.
Just recently we have began discussing options of purchasing a 2nd home/ vacation place in Puerto Rico for us to use for vacations as well as rent out. We are only looking at beach front/view condos.
From my research it seems that now could be a good time to purchase with the new laws giving incentives for investors as well as the economic situation. I really wanted to hear the thoughts of some of you that have experience knowledge of the Puerto Rico real estate market or any of you who have owned vacation homes near or on a beach. What are the pluses and minuses? I would think anything near or in the water is a good investment, but would love to hear your thoughts on Puerto Rico. Thanks!
Just recently we have began discussing options of purchasing a 2nd home/ vacation place in Puerto Rico for us to use for vacations as well as rent out. We are only looking at beach front/view condos.
From my research it seems that now could be a good time to purchase with the new laws giving incentives for investors as well as the economic situation. I really wanted to hear the thoughts of some of you that have experience knowledge of the Puerto Rico real estate market or any of you who have owned vacation homes near or on a beach. What are the pluses and minuses? I would think anything near or in the water is a good investment, but would love to hear your thoughts on Puerto Rico. Thanks!