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.

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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