All Forum Posts by: Rui Dias Costa

Hi Ricardo (@Ricardo Matos),

It looks like you are doing great. Those are great gross margins, better than anything that I have found in LTRs. Congratulations because that's amazing!
I guess I may be looking for it in the wrong place or just don't know what to look for, lol, need to continue educating myself.

May we dig a little further in your numbers? How much do you net (including financing costs)? What kind of market are you on?

Regards, Rui

The numbers are in fact super attractive. its almost 2x what I get from Lisbon South Bay area (where I started investing 3 yrs ago). I look for non-inflated markets and work aggressively on the deals and finding my types of sellers. I started prospecting the interior around 2 years ago. After picking a handful of areas of interest, it took me about 6 months to work on the deals that met the numbers I mentioned before.

Now its time to scale!

Hi Ricardo,

I wonder if you could do a "deep dive" in one of your deals. Netting 25-30% yearly ROI is just amazing.

I would really appreciate the opportunity to "see" into one of your deals and your numbers (they don't need to be exact, just a ballpark). I honestly can't find returns like that in LTRs and I wonder if the problem is the way I am looking at things (you don't know what you don't know, right?!).

Regards, Rui

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@Luís Ferreira

Thank you for sharing your view! ;)

Regards, Rui

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Originally posted by @Luís Ferreira:

What areas are you looking for @Rui Dias Costa?

Curious about 2 areas: Lisbon and the "Costa de Prata". You're in Lisbon, right? How do you feel the RE market is right now and how it will be in the next 6 moths?

Regards, Rui

1 Vote

Hi guys,

Hope everyone is well.

Lockdown is being lifted and looks like the B and C areas took a ~8% haircut in asking prices.

I am looking at the center of Portugal, in the interior and RE is local... How are thing in your "interest" area?

Regards, Rui

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Hi Luís,

Congrats in finding a deal.

My suggestion (without knowing the details of your finances, so take it with a grain of salt) is to start an LLC and run your portfolio cashflow through it.

It will qualify you for business loans and even allow you to use the PME guaranteed lines of credit.

Furthermore, it will probably more tax efficient to run your properties that way.

Regards, Rui

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Hi Lorenzo,

Before I look at the numbers I would consider the location within Lisbon. If it's in the right place it looks like a good deal.

Good luck.

Rui

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Originally posted by @Thomas Youngman:

Hi,

A few questions to the group if you don't mind:)

1) Meet up - I am up in Porto in the second half of August if anyone fancies doing a meet up?

2) Accountant - Has anyone found a decent accountant with knowledge of REI here in Portugal? Specifically I am trying to figure out the best vehicle through which to conduct our REI. I expect a company makes most sense, which leads onto my next question.

3) Commercial Mortgages - Has anyone made the jump from getting financing based on personal salary to financing based on the cash flow from the deal itself? For a number of reasons we are going to need to make that jump fairly soon, so if anyone has made the move already I would be very happy to buy them lunch in exchange for their thoughts!

So far my research has only introduced me to brokers focused on personal mortgages based on salary.

4) International tax advisors - Has anyone worked with an international tax advisor that they could recommend? We are trying to bring money into Portugal in the most tax efficient and legal manner possible.

Thanks!

Thomas

Hi,

1) Oporto is really out of my way. Hope you get a good meet up.

2 and 3) See pm.

4) No idea.

Regards, Rui

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@Thomas Youngman

Today's edition of the "Expresso" brings an article about automatic tax exemptions for foreigners in Portugal. Apparently the scope of activities / investments that had this "bonus" increased.

Perhaps it will be of interest to you:

- Title "RESIDENTES NÃO-HABITUAIS Desconto no IRS alargado a pilotos, trabalhadores do turismo, construção e agricultura"

- https://leitor.expresso.pt/semanario/semanario2436...

Regards, Rui

1 Vote

Originally posted by @Luís Ferreira:

Originally posted by @Rui Dias Costa:

Originally posted by @Luís Ferreira:

@Rui Dias Costa

Yes, made it this January with DeutshBank (now changing to ABanca) when bought a T3 apartment. Worked fantastic with 1% fixed rate for 5 years, and 2,5% for the rest of the contract with variable rate.

I wish i could had my other deals like that.

Today my portfolio is:

- T2 apartment mortgage free

- T1 apartment with 60% LTV mortgage (variable rate with UCI)

- T3 apartment with 60% LTV mortgage (the one described above)

- 2 stores leasing from CGD

That's very good. Congrats!! ;)

Regards, Rui

Can you share your experience?

Just starting out. I bought a condo to live using my investment criteria (long and boring story). Still with no real world experience. I have been studying and I am looking to do my first deal.

Regards, Rui

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All Forum Posts by: Rui Dias Costa

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