Ep4: Local knowledge and due diligence

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

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