I'm not a native speaker, so if any of this is wrong correct me
But I tried my best!

Don Omar
She and I, two lunatics living an adventure punished by god.
A maze, no way out, where my fear becomes love.
We are a couple She and I.
Aventura
My wife and I, the same as you, share a timeless love.
The perfect lady, everything beautiful.
She is an inspiration to me.
We are happy, she and I, she and I.
Don Omar
She and I, alone we hide, drowning in this passion.
And although she has an owner husband, when I’m alone I dream to be her protector.
We are a couple, She and I.
Aventura
Fight for love.
Don Omar
I do not advise in your position.
Aventura
Perhaps her husband does not rule in her heart.
Don Omar
You don’t know who the victim is in the confusion.
Aventura
Fight for love.
Don Omar
I do not advise in you position.
Aventura
Perhaps this guy does not rule in her heart.
Don Omar
You don’t know who the victim is in the confusion.
Aventura
My wife and I, we are happy, two different spirits.
I know what love is.
Therefore I understand you, and although she is married, do not leave her in fear.
Do not do it, Oh no no no.
Don Omar
She and I, we are clear of the insanity in this relationship, but the passion called us and the bed invited us to make love.
We were too in love not to be together.
Aventura
Oh now I will explain it, when there are two people that love each other, love will conquer, and the husband learns that he has lost his wife, that his woman is now yours.
He cannot win between the three.
And I repeat, fight by love.
Don Omar
I don't advise in your position
Aventura
Perhaps her husband does not rule in her heart.
Don Omar
You don’t know who the victim is in the confusion.
Aventura
Fight for love.
Don Omar
I do not advise in you position.
Aventura
Perhaps this guy does not rule in her heart.
Don Omar
You don’t know who the victim is in the confusion.
Don Omar
Friend, forgive me, I had have never let you down, but the desires have failed me again, and although I cannot believe what I did
A bitter encounter caused you to understand me, I understand how you have ended up in this spot where I tried to find her so many times.
Although its not easy, I’m going to cause you pain. I admit that you woman comes out with me.
I left with your woman.
Aventura
What?
Don Omar
I left with your woman.
Aventura
No, I’m not believing this.
Don Omar
I left with your woman.
Aventura
No, no.
Don Omar
I left with you woman.
Aventura
May god forgive you, I‘m not going to, I lost them both at once.
Now I see that everything was a lie, when she told me that she went to Puerto Rico to vacation with her friend.
You and her in a bed in Bayamon, maybe in Isla Verde or Carolina too.
How many filthy hotels?
I hate the two of you.
Don Omar
I understand that I am to blame, I suffer the most with all of this.
The pain kills me.
Aventura
It was betrayal.
Don Omar
Forgive a friend for the temptation
I’m sorry.
Aventura
Good bye.

Very good translation, just few corrections. Well done

Don Omar
She and I, two lunatics living an adventure punished by god.
A maze, no way out, where my fear becomes love.
We are: her husband, She and I. (reffering to the triangle created)
Aventura
My wife and I, the same as you, share a timeless love.
The perfect lady, very beautiful, she's my muse
She is an inspiration to me.
We are happy, she and I, she and I.
Don Omar
She and I, alone we hide, drowning in this forbidden passion.
And although she has an owner husband, I just dream to be her protector.
We are: her husband, She and I.
Aventura
Hey Don, fight for love.
Don Omar
Do not advise me in your position.
Aventura
Perhaps her husband does not rule in her heart.
Don Omar
You don’t know who the victim is in the confusion.
Aventura
Hey my friend, fight for love.
Don Omar
Do not advise me in your position.
Aventura
Perhaps this guy does not rule in her heart.
Don Omar
You don’t know who the victim is in the confusion.
Aventura
My wife and I, we are happy, two soulmates.
I know what love is.
Therefore I understand you, and although she is married, do not leave her out of fear,
Do not do it, Oh no no no.
Don Omar
She and I, we are clear of the insanity in this relationship, but the passion called us and the bed invited us to make love.
Aventura
Oh now I've explained it, when there are two people that love each other, love will conquer, and the husband learns that he has lost his wife, that his woman is now yours.
There can't be three winners.
And I repeat, fight by love.
Don Omar
Don't advise me in your position
Aventura
Perhaps her husband does not rule in her heart.
Don Omar
You don’t know who the victim is in the confusion.
Aventura
Fight for love.
Don Omar
Do not advise me in you position.
Aventura
Perhaps this guy does not rule in her heart.
Don Omar
You don’t know who the victim is in the confusion.
Don Omar
Friend, forgive me, I have never let you down, but the desires to see her again have betrayed me, and although I cannot believe what this bitter encounter made me understand, well...you have ended up in this spot where I tried to find her so many times.
Although its not easy what I’m going to do, I'll admit that i went out with your woman.
Aventura
What?
Don Omar
I went out with your woman.
Aventura
No, I’m not believing this.
Don Omar
I went out with your woman.
Aventura
No, no.
Don Omar
I went out with your woman.
Aventura
May god forgive you, I‘m not going to, I lost you both at once.
Now I see that everything was a lie, when she told me that she went to Puerto Rico to vacation with her friend.
You and her in a bed in Bayamon, maybe in Isla Verde or Carolina too.
How many filthy hotels?
I hate the two of you.
Don Omar
I understand that I am to blame, I suffer the most with all of this.
The pain kills me.
Aventura
It was betrayal.
Don Omar
I've lost a friend because of the temptation
I’m sorry.
Aventura
Good bye.

Thanks for the corrections! I'm studying spanish and this was an extra credit project that I did, but I wasn't sure how well I translated it..