Living the Dream: My Journey to Owning an Oceanfront Condo in Puerto Rico

When I turned 36 in 2021, it was a milestone year for me. I had experienced significant success with my blog and podcast, which allowed me to earn enough passive income to leave my 9-to-5 job. With newfound financial freedom, I started contemplating what other goals I wanted to achieve. The desire to have a home in the Southern coast of Puerto Rico, where my family is from, began to take hold.

As someone who had previously co-owned a duplex and rented a house, buying a property in Puerto Rico would be a significant step for me. It would not only be the first property I purchased on my own but also make me the first person in my immediate family to own real estate on the island.

To turn my dream into reality, I embarked on a thorough search. Puerto Rico offers various cities, each with its own unique advantages. After careful consideration, I set my sights on the charming coastal city of Luquillo. This city, located just 30 minutes away from the capital and known for its beautiful beaches and proximity to El Yunque rainforest, seemed like the perfect spot.

As I conducted my search from Florida, where I currently reside, I faced the challenges of navigating Puerto Rico’s distinct banking, legal, and regulatory environment. To overcome this, I chose to be a cash buyer rather than relying on U.S.-based lenders. Saving up enough money to buy a property outright became my priority.

In January 2022, I put my search on hold, giving myself more time to accumulate the necessary funds. It wasn’t until November of that year that I resumed my search. This time, luck was on my side. My realtor informed me of an oceanfront condo that had recently become available for sale. I virtually toured the property before it even hit the market and instantly fell in love with it.

After submitting a verbal offer of $180,000, which the owners accepted, the process moved swiftly. I proceeded to fill out a formal offer letter, arrange for inspections, and complete the necessary paperwork. In just nine days, I closed the deal, making it the quickest and most substantial purchase I had ever made.

My ocean-front condo, boasting 760 square feet, one bedroom, and one bathroom, was built in the 1970s. Its balcony offers an unobstructed view of the breathtaking ocean. The condominium building provides around-the-clock security, a private pool, a laundry area, and assigned parking. What’s more, the condo came furnished, adding to its appeal.

With my property secured, I decided to transform it into an income stream. Since it isn’t my primary residence, I began renting it out on platforms like Airbnb and VRBO. Initially, it was only intended as a trial run, but the results exceeded my expectations. The condo has become a popular choice for visitors, allowing me to generate over $7,500 in 2023. This income covers all my annual expenses, including HOA fees, cleaning fees, property taxes, utilities, and maintenance. I am looking forward to surpassing these earnings in 2024.

Beyond the financial gains, owning this condo holds immense sentimental value for me. It has become a gathering place for my family, and my parents often schedule visits to enjoy their favorite vacation spot. Additionally, I have shared this slice of paradise with friends and loved ones, making unforgettable memories together.

Purchasing an oceanfront condo in Puerto Rico has been an incredible journey filled with both financial and emotional fulfillment. I am grateful for the opportunity to have a place I can call my own and share with those who mean the most to me.

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本記事は「プエルトリコでオーシャンフロントのコンドミニアムを購入する」という内容を扱っており、以下はその主要なトピックや情報に基づいたFAQセクションです。

Q: 著者はなぜプエルトリコに不動産を購入しようと思ったのですか?
A: プエルトリコは著者の家族の出身地であり、著者は家族のある地域に自分の不動産を持ちたいと考えました。

Q: プエルトリコのどの都市が著者の選択肢に含まれていましたか?
A: 著者はプエルトリコの魅力的な海岸都市、ルキロを選びました。

Q: 著者はどのようにしてプエルトリコで不動産を購入する準備をしましたか?
A: プエルトリコの銀行、法律、規制環境への対応に苦労しながら、現金での購入を選択しました。

Q: 著者はいつプロパティの検索を再開しましたか?結果はどうでしたか?
A: 著者は2022年1月に検索を一時停止し、同年11月に再開しました。幸運なことに、著者の不動産エージェントから情報を得て、素晴らしいオーシャンフロントのコンドミニアムを見つけることができました。

Q: 著者のコンドミニアムの特徴は何ですか?
A: コンドミニアムは1970年代に建てられたものであり、広さは760平方フィートで、1ベッドルームと1バスルームがあります。バルコニーからは素晴らしい海の景色が広がっています。

Q: 著者はコンドミニアムをどのように利用していますか?
A: 著者は自身の不動産を収益化するため、AirbnbやVRBOなどのプラットフォームで貸し出しています。

Q: 著者のコンドミニアムは家族や友人と共有されていますか?
A: はい、著者のコンドミニアムは家族や友人と共有され、特別な思い出が作られています。

関連リンク:
プエルトリコ不動産のオフィシャルサイト