first property question

[Diogo Marques]

Hi guys.

I'm just starting out, and studying to prepare my first deal.

I'm interested in buying a building to have the cash flow from the rents forever.

Anybody knows the answer for these 3 questions?

1) Do you buy an empty building, restore it and wait until you get tenants? or

2) Do you buy from an existing owner at a premium because he already has tenants in it?

3) Do you get financing from a bank or get funded by private partners? Banks are much more expensive, and if you get funded by private partners seems like you won't get much left from the rents for you.

Thanks,

Diogo

[Account Closed]

Hi Diogo,

are we talking property in Portugal here? I am asking against the backdrop of difficult situations that may arise from dealing with sitting tenants with "old rental regime" contracts.

Please clarify.