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Updated about 6 years ago on . Most recent reply

User Stats

6
Posts
1
Votes
Joao Vieira
  • Rental Property Investor
  • Porto, Porto District (porto)
1
Votes |
6
Posts

Looking for connections with investors in Porto, Portugal

Joao Vieira
  • Rental Property Investor
  • Porto, Porto District (porto)
Posted

My name is Joao Vieira and I am about to start investing in Real estate - buy and hold strategy , renting to university students . The chosen area in University area of Porto, Portugal. What tips or advises would you give? I would love to connect with investors of Porto .

Most Popular Reply

User Stats

7
Posts
4
Votes
Joao Guimaraes
  • Porto, maia
4
Votes |
7
Posts
Joao Guimaraes
  • Porto, maia
Replied
Originally posted by @Luis Bivar Ramos:

@Joao Vieira hi João, it all depends on the deals you can get but it will be hard to get one for 130k.

You can also check a little bit further away from Porto but near a metro station, could be easier

Even if was possible to get a T2 for 130k, I'm not confident it would cash-flow positively at that price. And
 if the interest rate by any chance starts raising (because the incentives from the BCE are bound to end) it could end up costing a lot of Money.

Those are just my 2 cents, but don't let my opinion Sway you. If you see value I don't, let's brainstorm and evolve.

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