New member from Madrid, Spain

[Barry Randall]

Hi, I am a 37 year old half English, half Spanish guy living in Madrid, Spain and I have an unrelated business (Speciality coffee roasting) but have really got interested in investing in real estate as a side business and to help build long term wealth. I have been reading the forums, listening to podcasts and reading books and videos for over 6 months getting very motivated... but living in Spain I have to transfer what works diferently and what works the same than in the US or UK markets that are where most the info comes from.

I would like to get in touch with other local spanish inverstors and see what strategies work best here... I am mainly interested in buy and hold or rent by room using BRRRR strategies... numbers do seem to work if you are creative and what is positive is although big capital organizations have come in to Spain to invest, regular small/medium investors that actually use experienced info, strategies and network/community is not trending or arrived so strong as in overseas.

Cheers!

Barry

[Erwin Groenendijk]

Hi @Barry Randall, being creative by applying room renting will definitely boost your rental income. We are doing the same since some time in Barcelona and the market is responding very well. 

It is all based on the contacts and experience that you have to make your investment a success. Have you done some other projects before?

Erwin