Investor Presentaiton
Entrust Group Presentation | www.lifeafarinvestments.com
PUERTO RICO REAL ESTATE - THINGS
TO KNOW
.
Real Estate Agents: Buyer's agents aren't as common in Puerto Rico, as
brokers acquire their own listings to which they steer potential buyers.
Commissions range from 3% to 6%.
Management and Fees: Prior to purchasing, it's important to determine what
is and isn't included in the homeowners association (HOA) fee.
Inspections: Whether the condo is brand new or has been lived in, hire a
licensed home inspector to ensure the unit is in sound condition.
Financing and Legals: While there's no obligation to purchase in cash, you can
obtain a home equity loan (on your U.S. residence, if you have one), or draw
from a U.S. line of credit to purchase your Puerto Rican condo in cash - which
may make sense from an interest-rates point of view.
Tax Breaks: In 2012, Puerto Rico passed legislation shielding new residents
from paying most federal income taxes.View entire presentation