>If you rent the property out you should be able to cover the debt service. (Obviously it exposes you to Portuguese RE risk, as well as EUR currency risk, and requires good credit
Does that mean you are planning to get a loan to finance the purchase of the property?
Good question. Maybe the plan is to mortgage other properties elsewhere where they actually live to finance (at least in part) the operation?
You can get ~50% mortgages I believe, internationally, particularly if you have other assets to secure it with (some banks I work with will do crypto lending, at least for BTC)
Might you have sone links or literature on this program? Someone above mentioned it required you to be there for 180 days a year. I'd be interested in learning more.
Also what is the 150K fee alternative you mentioned?
150k is St. Kitts, Grenada, Panama, etc. programs.
The Portugal program is "Golden Visa". https://www.google.com/search?q=portugese+golden+visa&oq=por...
I'd rather do the Euro 250k to the arts thing if I were just looking for a single fee to pay, but I think the RE model works better. There's also an investor into companies model, but I don't know the startup market there.
Re:Ghost Villages for Sale in Spain
by ALittleLight on Saturday March 30, 2019 @12:09PM
(#19530116)
How do you plan to rent the property out? Won't you need a property manager of some kind?
Yes. If it is in Lisbon we will probably do 4-8 units in a building with a dedicated concierge/Airbnb manager shared across them. Otherwise, there are services which manage like that.
Option C is a rural property and finding a long term farmer. Maybe find someone who is already farming his own land, buy it and lease back at the long term rate. Need to own the property for at least 5-7 years, but I wouldn’t be against owning Ag land indefinitely.
It is a 350-500k EUR investment. If you rent the property out you should be able to cover the debt service. (Obviously it exposes you to Portuguese RE risk, as well as EUR currency risk, and requires good credit, but a 500k piece of property is a lower bar than, say, a 150k fee, and a Portuguese passport is a whole lot better than most citizenship by investment programs.)
I’d probably spend 2-3 months/yr in Portugal if I had a nice small house or apartment somewhere. It is a good country.