Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Daniel Rongo

Daniel Rongo has started 12 posts and replied 24 times.

Post: BRRRR in Spain. What's your experience?

Daniel RongoPosted
  • Rental Property Investor
  • Dubai
  • Posts 29
  • Votes 7

I live in Valencia and I'm dealing with a great opportunity to BRRRR a network of apartments.

I have quite a bit of liquidity to invest. However, I've never done any BRRRR in the country, and I'm planning to talk to a few local banks about it to see if they're open.

Has any of you guys run a BRRRR project here? It seems to be quite "the norm" in the US, however in Europe banks tend to think a bit more traditionally (but I could be dead wrong).


Would love to hear your experience!

Post: Looking for a European Real Estate Investment Agent

Daniel RongoPosted
  • Rental Property Investor
  • Dubai
  • Posts 29
  • Votes 7

Ciao Andrè, thanks for the details, it looks interesting. Let's chat :)

Post: Looking for a European Real Estate Investment Agent

Daniel RongoPosted
  • Rental Property Investor
  • Dubai
  • Posts 29
  • Votes 7
Originally posted by @Will Fraser:

This is an appetizing pursuit, @Daniel Rongo!  What draws you to Europe in general for this?

Hey Will. Mainly the fact that I'm based in Europe, and mentally it feels that I'm investing "at home". I know, it is a psychological constraint, mainly. Funny enough, my current rental is based outside of EU and it works great.

I was interested in investing in the US at some point, your deals look much more appealing than here in Europe. But I missed finding a guide to get to that market. 

Open to connect if you believe you could help.

Post: Looking for a European Real Estate Investment Agent

Daniel RongoPosted
  • Rental Property Investor
  • Dubai
  • Posts 29
  • Votes 7

Looking predominantly for investment-focused real estate agents who understand passive income and the importance of yields.

I'm an investor looking to gradually build a portfolio of 10-15 low-cost properties in Europe. The countries I prefer are Spain, Italy, Portugal, France but I'm open to all of Europe, really.

I would prefer Spain or Italy, as it is easier for me to get finance in these countries. However, I would consider other countries and explore their financing options.

The plan is to acquire €40-60k properties to slightly refurbish and rent out (either long-term or Airbnb, if allowed), to produce passive income.

I have a pool of potential investors around me who will be joining as soon as we prove that a few deals are working. So I'm looking for an agent to build a long-lasting relationship with, not a hit-and-run type.

Looking forward to getting some intro!

P.s. I'm entirely new to the field as I run a successful Airbnb rental (I'm a Superhost).

Post: Selling my Tuscany (Italy) small hotel. Can you suggest a broker?

Daniel RongoPosted
  • Rental Property Investor
  • Dubai
  • Posts 29
  • Votes 7

Thanks John, it will be a pleasure.  I will DM you.

Post: Selling my Tuscany (Italy) small hotel. Can you suggest a broker?

Daniel RongoPosted
  • Rental Property Investor
  • Dubai
  • Posts 29
  • Votes 7

I'm selling my family's boutique Tuscany residence / small hotel, it's an agriturismo in Maremma with 40ha of land, wine and olive oil produce, close to Montalcino.

I'm looking for a real estate broker who deals with properties in Italy and I was wondering if any of you guys had any suggestions?

I have googled some, but it feels a bit intimidating rining an agency I wasn't referred to.

Thanks in advance

Post: Would you buy a condo in Vegas (Paradise) for Airbnb rental?

Daniel RongoPosted
  • Rental Property Investor
  • Dubai
  • Posts 29
  • Votes 7

I've never invested in the US as I live in Europe, and I'm not an American.

But I came across some deals that seem great "on paper".

I'm considering getting a condo in Paradise (Vegas) for 66k and find an Airbnb property manager.  Occupancy rate seems to be 74% and avg. revenue pretty high.

It seems too good to be true - perhaps it is?

Would love to pick your brain.

Thanks

Post: Best European market to invest in 2018

Daniel RongoPosted
  • Rental Property Investor
  • Dubai
  • Posts 29
  • Votes 7

Interesting, thanks Robin and Dalimil for sharing your knowledge.

Post: Offering out of pocket commission to agent to get you a deal?

Daniel RongoPosted
  • Rental Property Investor
  • Dubai
  • Posts 29
  • Votes 7

@Walter Aaron Poling thanks Aaron, in the end I didn’t have to go that route as I found an agent who had what I was looking for.

Post: Best European market to invest in 2018

Daniel RongoPosted
  • Rental Property Investor
  • Dubai
  • Posts 29
  • Votes 7

@Christopher LaRue thanks for your feedback!