I lived in Madrid, Spain for about 8 months and I am curious if it is possible for non-residents to successfully have rental properties within the country.My concern is mostly from a tax standpoint and whether it makes sense.My research shows that Non-residents of Spain(but a resident of Europe) pay a flat rate of 19% on NET RENTAL INCOME.Non-residents of Spain(Not a resident of Europe, such as the USA) pay a flat rate of 24% on GROSS RENTAL INCOME.The difference of paying tax on Net and Gross is huge.Americans are not able to deduct expenses such as mortgage interest, taxes, insurance, cleaning, repairs, etcA pro that I can think about when it comes to invest in Spain is that overall costs are less - Mortgage rates are currently around 4% - 4.5% while it is around 6.5% - 7% in the US.Am I reading the tax law correctly?

We had Crestcore Management and they neglected the tenant so the tenant moved out because they weren't able to fix the heating concern in a timely manner.

An owner-occupant would be concerned on comps for other owner-occupied, but best and highest for this property may be as an investment, hence income.

I am not obsessing over numbers right now, more concerned with doing the right kind of work and building something sustainable.

Account ClosedIf there are maintenance concerns that's an entirely different issue.

A post on recapture.People are concerned about recapture when they cost segregate their improvements and for good reason.Recapture is real, and those deferred taxes will need to be paid.But fear not!

And yes, assessments do have me a little concerned with condos.

So on numerous occasions, I have expressed my concerns about staying within my budget.Now on top of this, the property manager let the pipes freeze and they leaked and the boiler also cracked which I was told to file an insurance claim.

We are trying to cut costs on the ones we are doing now, but still trying to keep the quality high. 

Given their poor execution, I asked him what would it take to cut the loses and pay the principal back and he said it would result in 50% loss of principal.