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Updated over 5 years ago on . Most recent reply
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Looking for connections with investors in Porto, Portugal
My name is Joao Vieira and I am about to start investing in Real estate - buy and hold strategy , renting to university students . The chosen area in University area of Porto, Portugal. What tips or advises would you give? I would love to connect with investors of Porto .
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Originally posted by @Luis Bivar Ramos:
@Joao Vieira hi João, it all depends on the deals you can get but it will be hard to get one for 130k.
You can also check a little bit further away from Porto but near a metro station, could be easier
Even if was possible to get a T2 for 130k, I'm not confident it would cash-flow positively at that price. And
if the interest rate by any chance starts raising (because the incentives from the BCE are bound to end) it could end up costing a lot of Money.
Those are just my 2 cents, but don't let my opinion Sway you. If you see value I don't, let's brainstorm and evolve.