Moving Back to Puerto Rico: A Journey of Culture, Business, and Opportunity
Welcome back to Wealth Wednesday, where we dive deep into financial freedom, investing, and entrepreneurship—this time with a focus on returning to Puerto Rico. In today’s episode, we break down the real process of moving back to the island, the financial strategies behind it, and why more Puerto Ricans are looking to reinvest in their homeland.
What’s Inside This Episode?
Why Move Back to Puerto Rico?
- The cultural, economic, and personal reasons behind relocating to the island.
- How Puerto Rico is at a pivotal moment in politics, development, and global recognition.
- The push to bring talented professionals back to rebuild the island’s economy.
The Process of Moving to Puerto Rico
- Selling vs. Renting: Why renting first may be the smartest decision.
- Managing properties: How keeping a home in the U.S. can help finance your new life in PR.
- The cost of living differences and what to expect in housing prices, utilities, and daily expenses.
Real Estate and Renting in Puerto Rico
- Which areas are best for relocation? (San Juan, Fajardo, Ponce, etc.)
- How gentrification and rising prices are affecting locals and newcomers.
- Understanding Act 60 and tax incentives—and how it impacts businesses and investments.
Challenges & Unexpected Costs
- The logistics of moving pets, cars, and personal belongings.
- Schooling options for families moving back.
• ⁃ Hidden costs like HOA fees, property taxes, and transportation expenses.
