Originally posted by @David Fernandez:
Hi Erwin,
I am a real estate investor from Barcelona, Spain; however, I live in the US. I also have some investments in Spain, but I don't think there is something like a meetup group or community for RE investors there. I travel frequently between Spain and the US, so maybe we can meet one day. Who knows, maybe there is a niche to start a REIA group there! I know there are plenty of people interested in RE there.
As you probably know from listening to the podcasts, Barcelona/Spain market is very different from the US market. Different real estate/tax/corporate laws, different rules for financing, different rent to purchase ratios, etc. I find it easier to invest in the US for my goals. There are opportunities in Spain as well, but they don't align as well with my goals.
What are your goals? Why do you want to invest in real estate? Knowing what do you want and why do you want it will help you a lot in finding a way to achieve it.
Let me know if you need any info in either Spain or the US!
David
Hi David,
Thank you for responding. Nice to see people on BP coming from Barcelona, Spain as well and quite the story you have doing real estate here and in the U.S.
Meeting up would be perfect. Curious to hear why the opportunities in Spain aren't aligning that well with your goals. Depending on the proximity of your next travel to Barcelona, having a chat via Skype could also be a possibility. What ever works best.
As for my goals, this will be my first investment in real estate, so learning everything there is from this first step is the most important goal. Moreover, in time, I want to become less dependent from my monthly working income.
Currently, I am looking for a single family or multi family (house hacking) property in Barcelona to buy via a bank as a repo, fix it up, and rent it out. Your info about Spain would be very much welcome!
Again, appreciate the message.
Erwin
