We sat with João Grilo to discuss nuances of Portuguese real estate market and how to do due diligence.
Links:
Summary:
- João's approach to finding and investing in distressed properties
- Fix-and-flip versus buy-and-hold strategies.
- Estimating renovation costs
- Inspection tips for properties (e.g., mold, structural cracks, plumbing).
- Importance of property documents (e.g., CPU, CRP)
- Checking for potential legal issues, such as ownership conflicts or collateral debts
- Negotiation Techniques: Understanding seller motivations and strategies for negotiating overpriced or long-listed properties.
- Off-market and pre-market strategies
- Identifying distressed properties via Google Maps and in-person scouting
- Dealing with structural issues like ascending humidity and roof leaks
- Risks of climate change in coastal areas (e.g., flooding, erosion)
- João’s cautious outlook on future market trends and potential bubbles
- Use of resources like energy efficiency databases and legal registries for due diligence
- Online platforms for checking property ownership and historical data
- Practical tips for residential and hotel property buyers
- Common pitfalls and how to avoid them
