All Forum Posts by: Luís Ferreira

Rui, 

Market is high but interest rate is still very low.

A building that allows multiple cash-flows is the goal. 

I have pre-approval financing for 200k€, and i see that i can hardly find properties that can rent for around 1%. 

For 300k€, possible to find some 3-4 units buildings (need investor to put 100k€ and cash 1% monthly).

I intend to live in one of the units (smallest one) at least 2 years and manage to rent the other units.

So true Rui!

My impression is that we have too many people working in this business without understanding the major value that is possible to bring with their service. 
The market has been crazy this decade in Lisbon area, and looks like a lot of agents jumped in just to intermediate a deal and take the commission.

This is a big motivation for me to take the license and work for investors.

My take on the research is:

- idealista has every kind of deals (a lot of wholesalers)

- imovirtual is a mix

- casasapo more down to earth (not so good online platform)

Hei Riaan and Rui,

I use multiple platforms to reserch. Here is my favorites:

https://www.imovirtual.com/en/#

https://www.idealista.pt/en/

https://casa.sapo.pt/en_gb/

In order to get best LTV, banks give a higher % to their own properties.

You can find them at:

https://bpiexpressoimobiliario.pt/

https://www.caixaimobiliario.pt/

https://ind.millenniumbcp.pt/pt/Particulares/viver/Imoveis/Pages/imoveis.aspx#/Search.aspx

https://www.novobancoimoveis.pt/siteimo/

Regarding the research, my way to look for opportunities is to ask every single agent if they can help me to find a property within a certain criteria. Be strict, because they generally send you what they want to sell, not what you want to buy. Open for your advices.

If anyone is interested to join me to buy a multi-family (“moradia”) or building (“predio”) in Lisbon region, I am currently looking at the market.

@Christopher Matthews, in July will be the best for me. Still in Oslo until then.

@Christopher Matthews curious to know how did it went?

@Thomas Youngman thanks for sharing. Great inspiration.

Being a Portuguese, but living abroad (Norway), I had financed 4 of my rental units. 2 of them are residential, and 2 other commercial (Leasing).

Always worked with Portuguese local banks.

I am wondering about possibilities of getting more loans to expand my real estate portfolio and if you guys recommend or can share some experiences. So far, all loans look pretty steady with mixed interest rate and rental units give a positive cash flow.

Other question is regarding the Tax obligations. Do I need to report that to Norwegian tax administration or only to the Portuguese?

Thanks in advance,

Luis Amado Ferreira

I am available to meet in Queluz or Mafra. Up to you Thomas. Looking forward.

Since I am born and raised in Queluz, I will be happy to suggest a place.

Came to stay for Easter break, and I am currently there. Let me know if it’s possible to make it between 15-20th April