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prima:When the neighbor is called “LLC”, a trend in the real estate market of Puerto Rico

In recent years, thousands of properties of all kinds have been acquired in the country using this corporate entity that protects from lawsuits and serves to generate income such as short-term rental, while protecting the identity of the owners and paying less taxes

April 4, 2022 - 8:58 AM

Archival note
This content was published more than 3 years ago.
In 2021, approximately 2,884 documents related to the purchase and sale involving an LLC were identified among those filed with the Property Registry. (teresa canino rivera)

Imagine arriving home to find under your door the card of a person with a strange last name offering to buy your property at your asking price. Or that, for years, you have kept a little house in the countryside, and overnight, someone offers to buy it for what would be double or even triple its value. Even further, think about having lived in a community all your life and suddenly, no longer having neighbors because those who are now in the house are different guests every week.

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