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U.S. Territories Puerto Rico, Guam, U.S. Virgin Islands, etc.
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Old 11-15-2006, 11:13 AM
 
2 posts, read 8,124 times
Reputation: 10

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Any body have any info on Puerto Rico real estate? I hear that the west coast of Puerto Rico is booming! If you buy at $150,000. today in 6 months it could be worth double what you paid!!!!
Would love to hear from anyone with some Rincon Puerto Rico input.

P.S. I'm a jersey Gal
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Old 11-15-2006, 11:17 AM
 
Location: Charlotte
7 posts, read 30,777 times
Reputation: 10
I can refer you to an agent in that area, let me know...
Tracy

PM me for more info...
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Old 11-15-2006, 09:28 PM
 
Location: Rockport
105 posts, read 113,253 times
Reputation: 36
Beware of all get rich quick schemes. If someone really thought it would double in 6 months they'd buy it themselves and borrow money to buy as much as possible. They wouldnt be telling you.
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Old 11-16-2006, 10:21 AM
 
13,017 posts, read 19,215,702 times
Reputation: 21349
Quote:
Originally Posted by fish2026 View Post
Beware of all get rich quick schemes. If someone really thought it would double in 6 months they'd buy it themselves and borrow money to buy as much as possible. They wouldnt be telling you.
yeah I laughed when I read the first post. Puerto Rico booming? Maybe compared to Haiti. Run from whoever you are talking to, don't walk away, run! There are safer real estate investments, like swampland in Florida.
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Old 11-20-2006, 11:01 PM
 
152 posts, read 692,625 times
Reputation: 88
PR culture is not welcoming to the get rich fast on real estate and out price the locals culture. There are laws and an economic structure that keep this
in check. ie environmental laws. I'am sure the people in PR wouldn'tappreciate this...it is understandable.
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Old 11-21-2006, 08:39 AM
 
Location: Springfield, Missouri
2,814 posts, read 12,205,734 times
Reputation: 2000001335
Anyone looking to flip for stunning profits at this point deserves the resulting poverty such foolishness will bring.
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Old 11-22-2006, 04:07 AM
 
Location: WPB, FL. Dreaming of Oil city, PA
2,909 posts, read 13,150,302 times
Reputation: 997
Sounds like a get rich trick. Likley they are trying to sell you a $75k house for $150k thats going down in value. No house in history ever doubles in 6 months. 5 years yes and everyones buying.

Last edited by Need_affordable_home; 11-22-2006 at 04:07 AM.. Reason: why was a good word censored?
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Old 09-13-2007, 10:04 PM
 
491 posts, read 316,094 times
Reputation: 2004
I don't see it as a way to go in and double your money in 6months. If you invest in PR is because you love it (which is not too hard to do) and you could also rent it out to others to help you with your mortgage.
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Old 09-16-2007, 07:20 AM
 
Location: Between a nook-a-ler reactor and a dump, North Cackalacky
283 posts, read 1,170,457 times
Reputation: 135
Fully expected her to follow up with a link to a site that walks you through how to make zillions from the comfort of your own bathroom!

Have you actually been to the "west coast" of Puerto Rico? Not exactly the prettiest part of the island, esp compared to areas on the south coast or the east, like around Fajardo.
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Old 10-24-2007, 06:58 AM
 
Location: Tampa Bay`·.¸¸ ><((((º>.·´¯`·><((((º>
4,533 posts, read 6,773,745 times
Reputation: 13502
I agree with MoeMark completely. This is not the reality there now. And there are nice places in the west coast, like anywhere else in the world.
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