Wholesale Hotline I Moved To Puerto Rico For Tax Benefits (ACT 60) -- After 4 Years I'm Leaving... | Flipping Mastery Show
Today on the Wholesale Hotline Podcast (Flipping Mastery Edition), Jerry breaks down the real truth behind Act 60 after living in Puerto Rico for four years with his wife and ten kids—why it’s worth it only if you're saving $500K+ in taxes.
Show notes -- in this episode we'll cover:
- Jerry breaks down the real truth behind Act 60 after living in Puerto Rico for four years with his wife and ten kids—why it’s worth it only if you're saving $500K+ in taxes.
- Step-by-step look at Act 60’s strict requirements, including the 183-day rule, the closer connection test, and the 3-year clawback rule—plus how not following them can cost you big.
- Why living in expat-friendly communities like Palmas del Mar comes with huge lifestyle perks—but also major costs in maintenance, travel, and culture clash with the "Go Home Gringo" movement.
- Unexpected challenges most people never talk about: power outages, driving chaos, salty air damage, school options, finding reliable help, and dealing with sargassum seaweed on east coast beaches.
- Despite the downsides, Jerry shares what made it all worth it: epic beaches, sea glass hunting, iguana meat sales, lifelong friends, business growth, and family memories in a tropical paradise.
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Jerry Norton went from digging holes for minimum wage in his mid 20's to becoming a millionaire by the age of 30. Today he's the nation's leading expert on flipping houses and has taught thousands of people how to live their dream lifestyle through real estate.
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