June 01, 2025

I Moved To Puerto Rico For Tax Benefits (ACT 60) -- After 4 Years I'm Leaving... | Flipping Mastery Show

22 minutes

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.

Please give us a rating and let us know how we are doing!

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☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️

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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By Wholesale Hotline

4.9

583583 ratings

June 01, 2025

I Moved To Puerto Rico For Tax Benefits (ACT 60) -- After 4 Years I'm Leaving... | Flipping Mastery Show

22 minutes

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.

Please give us a rating and let us know how we are doing!

➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

☎️ Welcome to Wholesale Hotline & Flipping Mastery Breakout! ☎️

**NOTE: To Download any of Jerry's FREE training, tools, or resources…

➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖

💲 USE THIS LINK FOR DISCOUNTS AND FREEBIES TO USE IN YOUR BUSINESS: 💲

Make $10,000 Finding Deals:b https://flippingmastery.com/10kpod

Get 100% funding for your deals! https://flippingmastery.com/fspod

Mentoring Program: https://flippingmastery.com/ftpod

FREE 8 Week Training Program: https://flippingmastery.com/8wpod

Get Paid $8700 To Find Vacant Lots For Jerry: https://flippingmastery.com/lfpod

FREE 30 Day Quickstart Kit https://flippingmastery.com/qkpod