Business:Investing
In this episode of the podcast Gretel and Camilla will have a dialogue on how to go about selecting the best investment properties. We kick off by exploring different investment strategies, such as long-term and short-term investments. We discuss how long-term rentals might offer a more passive income stream with potentially lower profits, while short-term rentals can be more profitable but demand a more active management approach.
We then shift our focus to short-term investment properties, discussing the returns and risks associated with buying, renovating, and selling properties. In both long and short-term investments, we highlight the potential for capital gains, especially in a positive market trend or through value-added renovations.
A crucial aspect of property investment is setting a budget. We discuss the importance of location, with properties closer to central areas and the sea usually offering better liquidity. We guide listeners through determining their budget, considering available funds, the possibility of liquidating assets, and the option of borrowing, including leveraging existing properties or securing mortgages.
Understanding your investment expectations and desired ROI is vital. We suggest researching different areas, especially in Marbella, to understand what your budget can afford in each location.
Our discussion includes practical tips for assessing potential properties. Questions like the reason for sale, listing duration, inclusions in the sale price, community regulations, and the property’s condition are essential.
We wrap up with tips for identifying investment opportunities. This episode is packed with practical advice and strategies for anyone looking to invest in property, tailored especially for the Marbella area but applicable broadly. Whether you're a seasoned investor or a beginner, there's something to learn for everyone.
Hosted by Gretel Kutan & Camilla Liftinger
Website www.marbellapropertypodcast.com Facebook: www.facebook.com/groups/marbellapropertypodcast/ Instagram @MarbellaPropertyPodcast
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