Puerto Rico, is it ready for investment?

Last month I visited Puerto Rico. We did a real estate investment tour as part of our visit. I’d like to share some of my observations from that visit. While the cleanup from hurricane Maria was largely complete in some areas, there was still plenty of evidence of storm damage. You didn’t need to look very far to find broken trees, broken fences, damaged roofs and smashed lamp posts. In 2012, Puerto Rico enacted several new tax incentives. The most famous are Act 20 and Act 22. I know several people who relocated to PR in search of tropical weather and the tax friendly environment. There certainly are properties that can be purchased at fire-sale prices. But that doesn't mean they're a bargain. Listen to find out the bottom line.