We sat with João Grilo to discuss nuances of Portuguese real estate market and how to do due diligence.

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Links:

• João's website
• Property map of Costa da Caparica
• Racius - researching Portuguese companies
• Research areas with climate change issues (flooding, wildfires)
• Online registry of land in Portugal

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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