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All Forum Posts by: João Ribeirinha

João Ribeirinha has started 1 posts and replied 4 times.

Post: New investor from Portugal

João RibeirinhaPosted
  • Investor
  • Portugal
  • Posts 4
  • Votes 4
Originally posted by @Luís Ferreira:

@João Ribeirinha good luck with the process. What’s the area that you are making business?

Hi, mainly in Porto but willing to do in other cities in the North.

Already decided to look for options to refinance my house, like other users suggested!

I also listed my own apartment for rent, waiting for some applications! 

Post: New investor from Portugal

João RibeirinhaPosted
  • Investor
  • Portugal
  • Posts 4
  • Votes 4
Originally posted by @Mark C.:

Yes, CoC will be low in PT, it is the same in Colorado too, but property appreciation is very high. The way to increase CoC will be to look at sub-letting / house-hacking / student accommodation, or short-term rental (STR). For example you can take a T4+, and rent out each room separately, or go for T0-T2 and look at STR. It will depend on what fits the property find and the area it is in. So a T0 near a beach is ideal for STR, a T6 near a Coimbra Polo is great for students.

There are some additional items you can deduct in taxes under STR, but you get a lower rate of tax under LTR that continues to reduce as you renew those tenants. So it might help to look at the taxes too. 

Thank you for your help, I will analyze those numbers also not only the CoC!

Post: New investor from Portugal

João RibeirinhaPosted
  • Investor
  • Portugal
  • Posts 4
  • Votes 4

Hi Mark, thank you for the reply and the motivation!

I will make sure I check the numbers before I buy my first property!

By the way, I'm struggling to find a CoC above 5 %, do you think it's acceptable in Portugal ?

Post: New investor from Portugal

João RibeirinhaPosted
  • Investor
  • Portugal
  • Posts 4
  • Votes 4

Hello,

I'm new on the forum and I'm from Portugal.

2 years ago I bought an apartment, where I live now, and I have the opportunity to sell now for a 74k profit.

I've always wanted to get into the real estate business, but I never had the money to start.

I've bought my apt under construction 2 years ago, and now I can sell it for 74k profit.

I have the idea to buy 3 apartments, max 100k each with all the costs rehab inc. and give a 20 % downpayment on all of them. Rent 2 of them and 1 of those needs to be for me and my gf to live.

I check all the new listings everyday, and I already have 4 or 5 that fit my criteria.

Do you think is viable? Or there is more viable options for me ?

thank you and have a nice day!