Find out WHY smart investors are heading to Puerto Rico in 2019!
Is it time for you to diversify your real estate portfolio?
Are you tired of managing tenants?
Are you tired of manual labor?
Are you tired of investing in the stock market?
Are you working your own project and want to maximize your returns?
As many US real estate markets are slowing down,
Puerto Rico is speeding up!
Turn houses into homes and make money rebuilding Puerto Rico.
Focus on what matters most at home, while your money works for you
Invest from your self-directed IRA
Puerto Rico's economy has been rapidly making a comeback since Hurricane Maria. Current economic conditions on the island have similarities to what New Orleans experienced after Hurricane Katrina in 2005 and what the Phoenix, AZ market experienced between 2011-2013. With the combination of tax incentives from Act 20/22 and now having 94% of Puerto Rico deemed an "opportunity zone", investment capital is pouring in!
Direct Source Wealth, Inc is a private real estate firm that co-invests with a community of investors in markets across the United States and Puerto Rico. Our contractor group is a private construction firm whos founder came to Puerto Rico after Hurricane Maria to repair homes that were damaged by the devastation through the Tu Hogar Renace program. Our contractors were able to restore 300 damaged homes within a 5-month period and improved the quality of life for hundreds of local residents. Construction included demolition, plumbing fixtures, electrical, carpentry, framing, drywall, tile flooring, finishes, cabinets, and waterproofing. Together we purchase real estate owned (REO) properties from local banks in Puerto Rico, renovate and improve the quality of life for localresidents. you can participate in rebuilding Puerto Rico, while achieving yields that can be tough to find in the traditional Wall Street investing space.
10-15% cash on cash returns.
We suggest starting with fix and flips, either way renovation is the same. You are on the deed, so if you want to hold, it's up to.
Yes all units need some level of rehab. Many were abandoned after the hurricane and have various levels of damage. However the buildings here are largely concrete pour, so the rehab is mostly surface level.
Most of these properties have some level of damage, although not all properties were directly damaged by hurricanes. Our experienced contractor team who will complete the rehabs.
Our goal it to be all in at 10-20% below market value. ARVs in the 90-110k.
We have a network of agents to sell for you.
Right now in Puerto Rico, there are hundreds of contractors and labor workers available for hire, post-Hurricane Maria. In addition, there are thousands of bank foreclosures. All of these factors result in opportunities for investors.
Absolutely yes! We encourage you to see the work being done. Keep in mind that turn times are rapid and be sure to pre-arrange your meeting prior to going.
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There is no requirement to attend a live event in order to invest. Just email Diana@directsourcewealth.com and get started today!
Absolutely! Turn key services offered by DSW are optional. We're happy to discuss and accommodate to your customized situation. Give us a call today!
Typically, we see $300-600 per year based on proximity to the ocean and the property’s value.
Generally, in the range of $85-$100 per month
There are no cost during the renovation period, however, the owner pays while the property is listed for sale. (optional)
Lawn care costs + landscaping rehab are all factored into the renovation costs on each property. If you elect to have a vacation rental, the ongoing costs will be deducted by the property manager from the rents collected.
No, but your LLC will need to be registered. If you need help setting up or registering an LLC we can help.
Yes, but you will need to register the LLC in PR in addition to the state in which you reside.
There are approximately 4,000 single-family homes (REOs)
Of those, about 2,000 are good candidates for fix and flips.
This opportunity will not last for ever, call now and get started today.