Refinancing in Spain (BRRRR?)

[Robert Downs]

Hello BP community!

This is my first post (and first day as an active BP member). First off, I live in Barcelona—actually, Sant Adrià—and I am just starting my education process to begin investing in rental properties, hopefully within a year or two. I am currently reading the BRRRR book by David Greene and this strategy seems very reasonable—at least in the US.

I will be looking in the Barcelona area and want to set an objective of how much capital I should aim to save up (pago y señal o al contado). My basic question is: Can a property purchased in cash be easily refinanced to convert it into a mortgage? Is that a thing here? 

Thanks in advance for your responses.

Robert