Real Estate and Blockchain technology

Over the last 20 years, we have seen the Real Estate industry evolve. In 1998 I received my Real Estate license and studied from Gurus of the time like Carlton sheets with his no money down methods. To this day, many of those methods are still applicable. Being an investor has helped me as a realtor. Most Realtors I know are also investors. It just goes with the job description. After all, we are in sales, and most Realtors are there own best customer. Through the years, we have helped hundreds of homeowners and investors buy and sell properties. We have survived the inflationary cycles and have learned to adjust to the cyclical market conditions. Many seasoned Realtors will recall the recession, which started in 2008 and peaked in 2010. As a result of this bubble, cryptocurrencies were born. Here we were in 2019, Cryptocurrencies are a new asset class, and Real Estate has fully recovered and completed another inflationary cycle. As a Realtor, we have seen, over the last few ye

Puerto Rico law does not prohibit or restrict a foreign person from purchasing real estate in Puerto Rico. Under Puerto Rico law, the title is referred to as fee simple and can be by a purchase and sale, gift, inheritance, exchange or by adverse possession just as the United States does. Fee simple entitles the owner to sell, transfer, mortgage, encumber, lease and/or use the property, subject to zoning regulations and recorded easements, covenants and other liens and encumbrances. Fee simple title can be acquired by a private contract between the transferor and transferee. However, if the parties wish for the transfer of title to affect third parties, the title must be transferred by a public deed executed before a notary public in PR. A certified copy of this deed is then recorded  at the Registry of Property of Puerto Rico (the “Registry.”) Parties to a real estate transaction must pay stamps and recording costs upon the execution of a deed which is to be filed in the Registry,