I Finally Sold My House In Puerto Rico

So about two years ago I moved to Puerto Rico, the main reason in all honesty was to save money on taxes. I bought a house and I lived inside of that home for about a year and some change I think, and last week I officially sold the home.

And in this video, I’ll tell you exactly what I learned from this entire experience.

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Moving to Puerto Rico was the Great decision

It was the first time I moved out of my moms house

I went literally as far as I could, and it was not intentional honestly

While In puerto rico, I made a some really good friends and God also had mercy on my and saved me

My plan was simple:

I was going to stay their for more than 5 years at least and continue working and doing the same thing I do today

I also planned on staying 6 months in puerto rico and 6 months in dominican republic

In my mind it sounded great, but in reality, it was a lot instability

Tip: you cant set roots if you keep jumping from place to place

Buying a Home was a Smart Idea

I bought a home for 130k and I put way to much money into it, and then I finally was able to sell it for about 185k and not lose as much as I deserved to lose

I was very immature, although I thought I was mature

I was buying with expectation of the future, ignoring the present reality

For example:

I bought a home I could grow into, enough bedrooms for a family, but living by self in a big house, just felt lonely

And when thigs broke and they did, they cost a lot of money to fix

And it also cost a lot of money to maintain the property

What I should have done:

First: I could have just kept renting, for the time I was think I was going to stay their, about 5 years of rent, I was still going to be saving more money than I wwould by buyng a home

Second: if owning was so important, I should have just bought an apartment with 1-2 bedroom for a fraction of the price that didn’t require any remodel

And when the time came to grow a family, I would just sell

Life is about more than just the number

Here what changed my mind about living in puerto rico

First:

I was alone for the most part, and staying in DR for 6 months and then thinking about the idea of having to go back, was not a good one

Second:

I had a life-and-death situation happen to me, so it forced me to think about what is really important

Third: stability

A lot more stuff too but those are the main ones.

This involved church, family, and friends

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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