All Forum Posts by: Oriol López Marti

Hi my friend Erwin :)

Are you living in Spain? So, i understand that this deals of 100 multifamilly apartments etc... are not possible in our country, right?

But in Spain, the best is to buy new apartments in the same building, or buy apartments where people already live? Because if I want to have 3 or 4 multifamilies in the same location, the only way I have to get it is buying in new buildings.

I'm trying to understand it but i don't.... 

Hello partners.

Lately I am reading a lot about grant cardone and its rules of buying only multi family, minimum 16 units and all in the same location, but there are several things that I do not understand.

Are these properties new? that is to say, they are bought when they are being built ... if not, how is it possible to buy 20 units in a place where people already live?

Then he comments this ... where he finds 20 units for only 179,000 dollars?

I had a guy call in on my show, The Cardone Zone, and tell me I owned $ 100,000 equity in a three-bedroom house with a family of five. I quickly searched online to find a property for this caller and came across a $ 179,000, 20-unit building with a 15% cap rate. He would pay $ 48,000 per year on the mortgage and the return would be $ 22,000 per year. He's paying for the house he currently lives in, but the multi-family building produces income over the mortgage.

And my last question is ... is it possible to do this in Europe, especially Spain?