Services with Team PRA

FOR SELLERS

Selling a home is a significant decision, and I’m here to make the process as smooth and rewarding as possible.  I bring fresh energy, a commitment to excellence, and access to top-tier tools to ensure your property gets the attention it deserves.

WHAT I OFFER:

Advanced Tools: I leverage the latest real estate technology to market your property effectively, reaching the right buyers quickly.

Reliability: I’m dedicated to staying in close contact, providing regular updates, and ensuring that no detail is overlooked.

Mentorship & Guidance: Backed by experienced mentors and a solid network within the National Realtor Association and the San Juan Board, I have access to insights and strategies that help me navigate complex transactions.

Strong Negotiation Skills: My goal is to secure the best possible deal for you. I approach negotiations with a blend of careful planning and a firm, fair stance.

Comprehensive Network: Being part of the National Realtor Association and the San Juan Board connects me with a vast network of professionals, ensuring your property gets the exposure it needs.

FOR BUYERS

Buying a home is more than just a transaction; it’s about finding the right place to build your future. As a realtor, I’m eager to provide a personalized experience that puts your needs first.

WHAT I OFFER:

Tailored Search Tools: I use state-of-the-art tools to help you find properties that match your criteria, saving you time and effort.

Dedicated Follow-Up: I’m committed to guiding you through every step, from the initial search to closing, with consistent communication and support.

Expert Guidance: With the backing of seasoned professionals and the support of the National Realtor Association and the San Juan Board, I provide insights that help you make informed decisions.

Skilled Negotiation: Whether you’re a first-time buyer or looking to upgrade, I work hard to negotiate favorable terms that align with your goals.

Extensive Network: My connections within the real estate community ensure that you have access to the best opportunities available

Tax Incentives and grants

·         ACT 60 - INCENTIVES FOR INDIVIDUAL INVESTORS RELOCATED TO PUERTO RICO

o   (Section 2022.01) Tax Exemption to Income Derived from Interest and Dividends Earned by a Resident Individual Investor.

o   (Section 2022.02) Special Tax for Resident Individual Investors on Net Capital Gain.

o   For more information refer to à“Puerto Rico Incentives Code” (pr.gov)

·         HOME BUYER ASSITANCE PROGRAM

o   Applicants may qualify to receive financial assistance in the form of a grant towards purchasing a new or existing home. The Homebuyer Assistance Program grants up to a maximum of fifty-five thousand dollars ($55,000) to eligible households. Properties located in Urban Centers, as certified by PRDOH, may receive an additional five thousand dollars ($5,000) to be used towards the purchase price. Additionally, the Program benefits and improves homeownership opportunities to eligible Low-to-Moderate (LMI) and Urgent Need (UN) households. Assistance will be secured with restrictive conditions on the property for the CDBG-DR funds awarded for a five (5) year affordability period.

o   For more information refer to àAyuda al Ciudadano - Fondos CDBG-DR/MIT (pr.gov)

·         RESURGE PROGRAM

o   Relocation: Homes located in a one hundred (100) year floodplain or high hazard area (as identified in the environmental review), whose estimated cost of repair exceeds $60,000 or 50% of the current appraised value of the home, whichever is less, will qualify for relocation.The applicant may receive an offer to voluntarily purchase the affected property, along with a Relocation Voucher for the purchase of an existing replacement dwelling. If a suitable replacement option cannot be identified, eligible applicants may receive assistance for the construction of a Program-designed home on a new lot only as a last option.  Who can benefit from these CDBG-DR funds from the ReSURge Program?  Property owners in the municipalities of Guánica, Guayanilla, Lajas, Peñuelas, Ponce and Yauco that were substantially affected by the 2019-2020 earthquakes. They must meet the low- and moderate-income parameters, and any eligibility requirements, as stipulated in the guidelines.

o   For more information refer to àAyuda al Ciudadano - Fondos CDBG-DR/MIT (pr.gov)

·         REGISTERING PROPERTIES IN THE SECTION 8 PROGRAM

o   Homeowners can be landlords, as long as they meet the following requirements:

§  Provide evidence of property ownership (Copy of the deed)

§  ASUME Certification

§  Provide a Negative Criminal Background Certificate

o   Landlord violations that may lead to contract termination:

§  Failure to comply with the terms of the contract

§  Having outstanding income tax debts

§  Failure to file tax returns in the past 5 years

§  Failure to maintain the property in optimal condition and to repair deficiencies found during inspections (Housing Quality Standard (HQS))

§  Making agreements outside of the contract for higher rent payments

§  Failure to provide requested evidence related to the property and/or official documents

o   For more information refer to àwww.vivenda.pr.gov 

·         INCENTIVES FOR BUSINESS ENGAGED IN TOURIST ACTIVITIES

o   (Section 2051.01) - Tourist Activity means:  (1) the ownership or administration of:  (i) Hotels, including the operation of Casinos, Condo Hotels, Puerto Rican Paradores, Agri-Lodgings, Guest Houses, Timeshares and Vacation Clubs, lodgings that participate in the “Posadas de Puerto Rico” program, certified as Bed and Breakfast (B&B), and any other lodgings that, from time to time, participate in the programs promoted by the Tourism Office.

o   (Section 2052.01) - The Tourist Development Income derived from Exempt Businesses that hold a Decree under this Chapter shall be subject to a preferential flat tax rate of four percent (4%) in lieu of any other income tax, if any, provided by the Puerto Rico Internal Revenue Code or any other law. 

o   (Section 2052.02) - Any Property Devoted to a Tourist Activity shall enjoy up to a seventy-five percent (75%) exemption on all municipal and state taxes on real and personal property.

o   (Section 2052.03) - A New Exempt Business and an Existing Tourism Business that is an Exempt Business shall enjoy up to a fifty percent (50%) exemption on license fees, excise taxes, and other municipal taxes on its Tourist Development Income, transactions, events, or on use, imposed by any ordinance of any municipality. 

o   (Section 2052.04) - Exempt Businesses shall enjoy up to a one hundred percent (100%) exemption from the taxes imposed under Subtitles C, D, and DDD of the Puerto Rico Internal Revenue Code with respect to those items acquired and used by an Exempt Business relating to a Tourist Activity.

o   (Section 2052.05) - All Exempt Businesses and their contractors or subcontractors shall enjoy up to a seventy-five percent (75%) exemption on any tax, levy, fee, license, excise tax, rate, or charge for the construction of works to be devoted to a Tourist Activity within a municipality, imposed by any ordinance of any municipality, as of the date prescribed on the Decree. 

o   (Section 2052.06) - Oil by-products (excluding residual No. 6 fuel oil or bunker C) and any other hydrocarbon blend (including propane and natural gases) used as fuel by an Exempt Business under this Chapter to generate electric power or thermal power used by the Exempt Business in connection to a Tourist Activity, shall be completely exempt from taxes under Sections 3020.07 and 3020.07A of the Puerto Rico Internal Revenue Code.

o   For more information refer to à“Puerto Rico Incentives Code” (pr.gov) 

·         TAX EXEMPTION APPLICABLE TO INCOME FROM RESIDENTIAL PROPERTY RENT – FILED STATUS

o    P.S 1323 - Section 2 of Law 132-2010, as amended, better known as the “Real Estate Market Stimulus Act,” aims to extend the term of the tax exemption applicable to income earned from residential property rent from fifteen (15) years to twenty (20) years and to set a new deadline of December 31, 2030.

o   For more information refer to à eSUTRA (oslpr.org)

Biography

My focus is on working with you personally, whether you're looking to buy or sell a property, ensuring that the process is as smooth and beneficial as possible for you.  I understand the advantages of the Puerto Rican real estate market, not only due to its natural beauty but also because of the tax benefits and financial programs available for homebuyers and rental property owners. My goal is to help you make the most of these resources and guide you through every step of this important investment.

I entered the real estate field to assist you by leveraging my knowledge and industry connections to help you establish your residence in Puerto Rico and take advantage of the island's tax incentives and grants. If you are already a resident, there are also resources and benefits to help you buy your home. If your goal is to sell or rent short- or long-term, there are incentives available for you as well, and I can provide the tools and connections needed to market your property and achieve your objectives.