All Forum Posts by: Account Closed

Slowly but surely, always keep an eye on the numbers, I have been told by people with experience that in the beginning people tend to become over enthusiast and leverage too much. Make sure you pay off some of your original loans to get a bit more cash flow. Which is always good. 

Just be patient and don't rush things. Get rich slow.

Welcome, no experience in real estate in Spain for me, hopefully will live somewhere on the Canary Islands in the future :) , few years ago prices plummeted in some regions but they seem to be more or less stable now.

All sorts of reasons as mentioned above , doesn't really matter. If you want to buy it. Do the research and if there are any skeletons you'll be bound to find them

When going into a partnership, do it for the right reasons. Not just to be able to make a better (or bigger) start. Make sure you're on the same page as your partner(s). Otherwise do it on your own and seek a experienced person to spar with and bounce ideas off. 

Good luck!

If your comfortable going in the neighbourhood , that's the question. If you feel uncomfortable don't do it. 

I would invest half of that amount in RE , the rest in stocks and some ETF's , and some cash and travel the world. 

@Michael_Ramos Welcome, and congrats on the new path in life, and the concept of value of time :) Good luck

@RalphR. Excellent post, the rising rent indeed helps a great deal, didn't think about that. And indeed the numbers change. From what I hear around me the banks are still demanding fast repayment for rental property's , so I have no choice but paying off faster. During the crisis some people even got letters from their banks stating their mortgage needed extra payment because their total portfolio value of rental property's was higher then the current market conditions. 

Even though they paid every month on time and rental income exceeded their total cost by a nice margin. Most flatly refused , and told the banks to back off. That's not happening any more due to the rapidly rising house prices. 

If the economy keeps improving the banks will be a bit more lenient with their conditions. For now it makes it hard to get that excellent deal, a few years back it was possible but I didn't have enough money. Now I have and the housing prices went up a lot in recent years. But I will keep on searching and hopefully make my first buy sometimes next year.

Love the bathroom ! Congrats !

It's a long term game, just make sure you're not too leveraged. So you're not forced too sale during a dip. So dips are welcome to invest more , keep a balance between cash at hand and make sure the cash flow is good. Risk will only go down over time if you pay off the mortgage, i.e. you will become dip proof so to say.