All Forum Posts by: Rafael Pinho

Agreeing with @Mike Lambert here that we need to have in mind that the Spanish mortgage market has been regulated more since '07/'08 and that it is normal here to pay down on deals. In other countries the mortgages could go up to close to 90% or above, that is not the case in Spain. 

We think that this is only good though to be investing in deals that you are really confident about.

Mike, by the way, the mortgage landscape is getting more open bit by bit. The BRRRR method becomes possible if you know the right mortgage brokers, also for foreigners (it is true that for Americans they have their specific criteria to look at things). I'm not talking about a cash-out BRRRR by the way, normally they force you to invest the mortgage money they give you directly in a new deal (however, there are also some ways to avoid this).

One reason why you should have Spain in mind and why we could compete with Boston is because of the property prices. Keep in mind that a property in Spain on average costs around ~180.000. In Boston, you probably couldn't even buy a storage space for that money. The entrance barrier is lower and for that reason easier to get started. 

 Yeah I've seen LTC being only 60 or 70% of the purchase price. Maybe you've seen even worse. Do you know any lenders who give better conditions?

Hi @Mike Lambert,

Curious, how come you can’t boost returns as effectively with leverage in Spain vs the US? Wouldn’t lower interest rates in Spain make leverage that much more powerful?

Hi all,

I have no experience but am keen to learn. I only started looking into it recently.

I have been looking at the short term rental market (thinking AirBnB). I was thinking outside of Barcelona as I know they have strict rules here and there is a lot of competition.

Hey Josh, 

Love the architecture in Barcelona. Are you looking for a rental or fix and flip?

Coastal areas like the Costa del Sol, Barcelona, and Ibiza tend to be popular with tourists and can offer good rental income.

Please feel free to send me a PM if you want me to take a look at a property with you.