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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 8,299 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 31,334 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 123,184 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
 
14,463 posts, read 21,021,369 times
Reputation: 24768
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 705,311 times
Reputation: 91
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
2,815 posts, read 12,455,094 times
Reputation: 2000001445
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 13,470,145 times
Reputation: 1017
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 324,451 times
Reputation: 2014
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 1,201,628 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>
4,600 posts, read 7,189,412 times
Reputation: 13563
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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