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Tax Incentives----Now is a great time to Invest
Now is the moment...! The island of Puerto Rico has experienced financial difficulties over the last decade. Then there came the back-to-back hurricanes in 2017, which devastated the island’s northeastern coast. Now we are bouncing back.
And with just about every hardship in life, there is always a silver lining. In Puerto Rico’s case, that silver lining is the combination of incredible tax incentives and ultra-low housing prices which are currently attracting major foreign investors to the island.
Some of the wealthiest investors, like billionaires John Paulson and Nicholas Prouty of Putnam Bridge Funding have called Puerto Rico “the next Miami” and have already invested their own money into the island. Goldman Sachs and other hedge funds have also begun to invest, picking up oceanfront properties for pennies on the dollar.
But it’s not just the big shots who stand to make an incredible return on their investment. Ordinary people are also snatching up some great property deals not only in the capital of San Juan but all around Puerto Rico. They use their properties for vacations and rent them out while they are not here, which is a great strategy to pay off the mortgage. And, with Act 60-2019 “Puerto Rico Incentives Code” and The Opportunity Zones tax incentives, new residents to the island also get to reap the benefits of some pretty great tax loopholes that will save you a bundle. Also visit: www.the2022actsociety.org
If you would like to invest in the island’s real estate market, I would invite you to take a look through my listings where you’ll find mountain view homes, beachfront homes, luxury homes, waterfront condos, land and commercial properties and more.
Personal Touch Integrated with Great Service 100%
Service, Service, Service…a key word in Real Estate and that’s what I offer you 24/7. If you’re looking to buy a permanent or second home in Puerto Rico, while at the same time making the absolute best financial decision possible, we would love to help. Our team has been working in real estate for nearly 20 years and during that time, we’ve navigated all kinds of real estate transactions, from San Juan to other parts of the island, from complex to simple to luxury properties over one million dollars. We always give that extra mile you deserve so you can have the most pleasant and easy buying or rental process. Also, we have a broad network of real estate professionals, from appraisers to home inspectors, from mortgage professionals to excellent service providers like electricians and interior designers that will help you with all your needs. We also promote and like to work with other real estate agents by doing (co-broking) to achieve the best possible results for you, our clients.
Beyond our vast experience and expertise, we also really enjoy meeting new people and sharing the island we love and call home. We are committed to listening to your needs, developing the absolute best strategies to buy or sell your home, and providing exceptional service at every turn.
Please take a moment and search Listings by price and area so you can see what is available based on your price range and find out more in meet Francisco and let’s start the journey.
We are always more than happy to answer any questions you may have. For exceptional service beyond the sale, please call me at (787) 599-7999 or email.