Condominiums are a great option for many people looking for a low maintenance home, 2nd home, or a lucrative vacation rental property. Puerto Rico offers many beautiful places to own a condo, but buying a condo in PR can lead to some specific challenges. I made this video to discuss the top 5 things people should know when using other people's money (i.e. mortgage financing) to buy a condo in Puerto Rico in order to avoid the headaches and finally get your piece of paradise.

1. Are condos a riskier investment? The pros and cons.
2. What does it mean for a condo to be "warrantable" and why does that matter?
03:58 Condo Warrantability
3. FHA and VA pre-approved condo lists:
FHA- https://entp.hud.gov/idapp/html/condl...
VA- https://lgy.va.gov/lgyhub/condo-report
4. How to purchase a non-warrantable condo.
5. The ONLY thing a condo really needs.... master policy insurance.

Click here and answer the questions for a free financial analysis and/or pre-approval: https://colablending.my1003app.com/22...

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