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Author Topic: Tax Shelter for sale: Condo on Private Island in Puerto Rico  (Read 147 times)
sack0751 (OP)
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January 19, 2021, 11:52:10 PM
Last edit: January 20, 2021, 12:17:44 AM by sack0751
 #1

I am looking to sell my condo on a private island in Puerto Rico for crytpo.

The condo is perfect for high-net worth individuals or businesses looking to protect their gains through Puerto Rico's Act 20 (individuals) and Act 22 (businesses), using USA Internal Revenue Code 933 as a federal tax shelter.

About the condo:
The condo is a 1 bed, 1 bath, 930 sq ft unit, with marina, ocean and views of mainland Puerto Rico. It has a large front room, dining room, kitchen and a very large bedroom (it used to have a queen bed and 2 sets of bunk beds - that's how large it is). The island has its own private charter boat, which is paid for as part of the HOAs (which are $183/month). There is 24/7 security, the island has a restaurant, a grocery store, a park, 2 tennis courts, a basketball court, 2 pools, kayaks for playing, and much more. The condo is owned outright, no debt.  The condo has its own private marina and is historically renowned for it's sailing location for easy connection to the USVI, BVI and other Caribbean islands.  The unit is currently unfinished, as I figured the next buyer could decide if they want to make it a personal or business location - or both and furnish it, as appropriate.

So, this unit is in paradise, it's on a private island, and it's in an established tax shelter - It's the perfect combination.

Contact me if you'd like more information - to see pictures, it's listed here: http://www.smartpropertiespr.com/Fajardo/Puerto_Rico/Condos/Isleta_Marina/Agent/Listing_420327103.html

If you'd like to see it, we can setup time with my local agent.

Thank you in advance - D
crypto333
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February 26, 2021, 10:08:17 AM
 #2

dang too bad you have a pending offer! lol. been looking

looks like a great deal

let me know if it falls through
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