New investor from Portugal

[João Ribeirinha]

Hello,

I'm new on the forum and I'm from Portugal.

2 years ago I bought an apartment, where I live now, and I have the opportunity to sell now for a 74k profit.

I've always wanted to get into the real estate business, but I never had the money to start.

I've bought my apt under construction 2 years ago, and now I can sell it for 74k profit.

I have the idea to buy 3 apartments, max 100k each with all the costs rehab inc. and give a 20 % downpayment on all of them. Rent 2 of them and 1 of those needs to be for me and my gf to live.

I check all the new listings everyday, and I already have 4 or 5 that fit my criteria.

Do you think is viable? Or there is more viable options for me ?

thank you and have a nice day!

[Ricardo Matos]

You can also evaluate a refinancing your current apartment. I started investing in a similar situation to yours. Bought a dirty-cheap apartment and rehabed it (final cost under 40K). Then got 70K refinancing that I used to invest in 2 other multifamily properties.

I don't plan in selling my apt as it is awesome and is in a great location too. It will give me a good return one day that I decide to to a larger place