Need help to succeed in my new business of fix and flip in Puerto Rico

Real Estate

• 
  George Engel
  

  Participant

  4 months, 2 weeks ago

  Need help to succeed in my new business of fix and flip in Puerto Rico

  How can I get accurate comparables for the markets I am interested in Puerto Rico, such us: Caguas, Santurce, Rio Piedras, San Juan.
  Also, please recommend me hard lenders and private lenders to finance my potential projects in Puerto Rico.
  All the lenders I have seen in your articles, work with property flippers in continental USA only.
  Could you please help me?
  Thank You.

  #307782 Reply
  2 Replies
  
  Deborah Spence
  

  Participant

  

  4 months, 2 weeks ago

  Good luck with your new business venture. I recommend that you reach out to local Realtors and investors in the area for additional help. Maybe join an investment group for more information.

  #308771 Reply
  2 Replies
  
  George Engel
  

  Participant

  4 months ago

  Deborah,
  Thank you for your input.
  I am working with two realtors that I think are pretty knowledgeable; one of them is also very sharp negotiating on my behalf. What I have found difficult is to find local lenders, and most lenders recommended in different investment and real estate websites like this one, are willing to lend and make business in continental USA only.
  I suppose I will have to achieve creative financing deals with property owners, until I put together enough capital that will enable me to finance each project on my own.

  #317422 Reply
  2 Replies
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