Wow! What an excellent and informative video in a very enjoyable format. In addition to all that I was able to learn about real estate in Porto, Portugal, I am even more impressed by your high level of communication and presentation. All the best as you move into the next phase.
Woah! This comment is phenomenal. You don't know how much we appreciate hearing this. It took a while to plan, produce, and edit. We know the video isn't perfect. We see our own flaws but we really appreciate this comment. - Josh & Kalie
This is a patron from the past , I am so happy for you too !! My name is Kathleen Westmacott ! You guys are amazing and I have followed you all the way through ! I wanted to move to Portugal so bad but I am 70 yrs old and 100 percent on my own . I struggled with the computer & communication to the point of embarrassment!!! You were both extremely kind to me !!! You kids keep it up . I hope to be a patron to your new show so I can support you both !!! God Bless the 3 of you on this beautiful journey 😊❤️
Thank you, Kathleen! We appreciate the support. We appreciate your blessings. God bless you too and we hope you can visit us in Porto when we're finished with the project! :-) - Josh & Kalie
🎉🎉🎉congratulations!!! This was the most suspenseful 30 min I spent in a very long time!!! More suspenseful than our SEP appointments!!!! We cannot wait to tag along the next chapter of your big adventure!!!!
What a story!! Wanted to watch a couple of minutes and watched the whole video. Glad that you guys nailed the deal in the end, uff!! That old building looked kind of scary 😂… Thank for sharing the process and making the video engaging to watch, look forward to see your new channel and journey ahead. Cheers, Tatiana
As an astrologer was wondering when did you start the whole process and signed the first document. Seems like a Mercury retrograde story a bit and some Saturnian influence . I’d take a look at those charts of the moment (doing a research). Wonder if you’d like to collaborate and I can check the locational astrology influences as well. I’ve heard also buying property in Spain can be tricky as well.
wow that was an incredible and super informative video!!! It's so hard to find this kind of content . look forward to your following your new venture !! parabéns!!!!
Thank you, Brian! We tried to maintain the important events in the story to tell the 18 month process while leaving you with nuggets of how the process could be for you if you are doing the same. We're glad that it came across well. - Josh & Kalie
Thank you, Martha! We really appreciate that. We'll keep the information coming. For the project, it'll be on the new channel for the usual stuff, we'll be right here. - Josh & Kalie
At least you didn't fall asleep during the story. :-) Thanks for watching and we're looking forward to seeing you on Let's Get Building. - Josh & Kalie
Congrats! I've been following your journey for some time now. I moved to Portugal from Northern California and after viewing somewhere in the neighborhood of 50 -60 properties would say your assessment is spot on. The lack of insulation, ventilation, heating and cooling is everywhere, even in super expensive properties! I have come to the conclusion as well that I am not comfortable buying a property with all these issues. I do not want to own something with ongoing mold/damp issues. And a new build is also really problematic. I have spoken to many people who have had their builds take 3 times as long as expected and have had the cost of building materials more than double during the process. I have decided to pause, rent, assess the market and learn more. Would be super cool to have a property with multiple nice small houses, possibly prefab with shared amenities like a pool and/or garden in a more rural or suburban setting. Looking into this idea, but assuming it would be close to impossible with the current regulations in place. Have any thoughts on this idea?
Thank you. It's a cool idea and could work assuming the demand for rural communal living is there. It's not our cup of tea at this point in life. We need a good school for our daughter and it's beneficial to be so close to the Dragão as we don't want to own a car. - Josh & Kalie
Parabéns!!!! We recently purchased (with Teresa’s help) a semi-detached house near Campanhã. We have about 4 months of renovation before we can move in. We’ll be very excited to follow your building process! Cheers! Paula and Serafina
i'm about to make an offer on a semidetached house that's been declared a ruin in Campanha too! It's on Sao Roque da Lameira. Will need so much work. I'm doing this all on my own (although i have friends there). Do you mind sharing more about the permitting process? I appreciate it :D
You’re going to be farther out than us. Our house is much closer to the Campanha train station. We don’t really know anything about the permitting process. All the renovations we’re doing don’t require permitting.
@@paulabuls5802 ah ok I'm hoping for the same with mine but I guess I won't know until an architect gets in there. May I ask who you're using to do the work? Thank you!!
I am so excited for you guys....how unbelievably stressful though. OMG. 😱 I loved how completely composed Kalie appeared in the video. 😊 I am so happy it all worked out in the end and am looking forward to the renovation. I hope to make it over there soon to see what's going on. 🇵🇹💕
Thank you. Us too! It was for a 4-6 week period before the final deed got done. Otherwise, it wasn't bad. It was just long. We're looking forward to the end product too. - Josh & Kalie
I am so proud of you, with determination, discipline and positivity thing are always accomplished. Feel so happy for you. Let the new journey begin. Hope to see you soon. Still waiting on visas approval🎉🎉🎉🎉🎉
Buying (old/older) property in Portugal is complicated and really should not be done without a great attorney. Even with cash. Your chronical of your experience is spot on. Congratulations. You might want to include the discussion of initial taxes and stamps, records fees at closing as well in your new channel, which I will most definitely subscribe to. You and Kalie are terrific. BTW I used wise to transfer a boat load of money to my back here in Portugal. It took longer than I imagined having to prove I was not "money laundering" ☺
Thank you. We believe that we certainly have a great attorney. Thanks for joining us on the other channel for the continuation of that journey. I think we can get into the tax bit in time as we're going to register the transaction to see if we can get the IMT refunded since we're fixing up an old property. :-) - Josh & Kalie
As always, very informative, but even more than that is your continued commitment to transparency and in this post, transparency of the emotional side of getting the "close" into the goal. This is one of the reasons the community you have helped create here in Porto and in Portugal truly care about one another. Well done!
Thank you very much! We just try to be our authentic-selves and if people like it, great. If they don't, we understand. We're not going to appeal to everyone and that's okay. We do hope to continue to cultivate a group of friendly well-meaning people in our community in Porto and Portugal. Thanks for the love. - Josh & Kalie
Wow! What a story. I admire your perseverance and I’m soooooo glad it worked out in the end. Kudos! For me, the takeaway is: pay cash if at all possible. 😊
Thank you, Gerald!! Yes, cash helps for sure although, the bank making sure of the documents was really nice too. Give and take. You know? - Josh & Kalie
Yeah, the document jungle is pretty head-spinning, so getting that done right via the bank is a plus for sure. Maybe my takeaway is to just rent. Of course there are pros and cons to that, but it might make sense for 60-something retirees who will likely be keeping a house in the US.
OMG …..I texted this to my husband! I know you’re gonna think we’re crazy…. but we have moved a lot 13 moves from ‘98-‘14 and build with every move except once and we rented for a year. So we know we know how it goes….. or really my husband does. It’s all been an experience …..and have loved it! Granted movers were paid by husband’s relocation work. So renovating in Portugal will be for sure new to us. THANK YOU FOR ALL THE INFO!!
So excited for you guys! This was going on when we met you in Porto back in June!! You did a great job of keeping it under wraps!!! I'm super excited for your new channel!!
Thank you and thanks for joining us on the other channel! We hope to start producing videos there at the end of this month or beginning of next. As soon demolition starts, we'll start filming and creating videos. - Josh & Kalie
Congratulations! The video explaining the pain during this process was amazing. It is extremely bureaucratic indeed. I loved how you described the step by step, and there is still the appraisal, inspection, documents check and title survey, etc. it’s a lot… I’m so glad you guys were able to still get it even after the cpcv timeline expired 🙏🏻👏🏻 you deserved it! 👏🏻
Thank you, Elaine! Vulnerabilities, that's a good word for it. We do feel that way a lot when we put out a video. We can't always show the best of everything. Sometimes stuff goes wrong. Right? We have to show you all that too. Fortunately, way more has gone for us than against us in Portugal. Thanks for following this journey. - Josh & Kalie
So happy for you guys. Love the cameo from Teresa, who is responsible for me and Lisa having our wonderful apartment in Matosinhos. Look forward to watching the progress on the new channel. Parabéns!
Thank you so much, Eric! It's good to see you. Yep, Teresa had a nice little cameo for sure. We're looking forward to publishing over there and documenting things. - Josh & Kalie
Wow! You weren't kidding about this process being a roller coaster! Congratulations on the property!! And, this is the BEST video yet! (I do not apologize for all of the exclamation marks!) :)
Hi, I'm still living in the yellow 5 C apartment in your July 2021 vid in Coimbra. During 2022 and up to September 2022, I had a BPI account, which gave me nothing more than trouble. I had troubles at the start of 2023 in Madeira. So I opened an account with Millennium in March 2023, and it was another world. Last problem: when I went to the BPI to close the account, their machine swallowed my Millennium card, telling me that my PIN was incorrect, despite using it a hundred times in other "Multibancos". So a bank is not equal to a bank. The Millennium Group, which took over the BCP, is Polish (allied), while the BPI was acquired by the Spanish "Caixa Bank" (like the Germans ). I'm really glad for you. Due to my "very old age," I went through buying, selling, notaries and banks in Hamburg, Munich, Argentina, Miami, and more. Thumbs up for Portugal
Lol. Closings in Portugal are not done the same way as in North America where they now close electronically. Here you have so many people at the notary's office. Sellers (including the family), sellers' lawyer, buyers, buyers'lawyer, sellers' realtor, buyers's realtor, notary, notary's staff. Yes the office is usually big enough to accommodate everyone. I was lucky enough not to have a loan and pay with my own money which simplified the deal a little but still, it was stressful. Wire transfers and so on... I gave myself plenty of time to make sure the money was ready when I closed the deal. Everything went just fone in the end.
Congratulations! I'm looking but further south than Porto. My wish list is that I want to be center ville in a town with enough people to have groceries, a pharmacy, doctors, a hospital, restaurants, and other services. The house will need a bit of ground for a veg garden. And yes, I have an excel file to help me find towns that fit my criteria and even have the realtors/immobiliers listed too. And yes, I am a diamond in the rough casa type of person. Much rather make it my own than live with the choices others made. My wish for you is smooth sailing in the rehab phase of this project.
Congratulations! I can totally relate to you guys on the process and stress, even though we are on the second purchase in Portugal (also in Porto btw), but this is the first time we made use of a mortgage. Our process is slightly different because we first applied for an equity release loan from our existing apartment already fully paid a few years ago (also in Porto). Then only after that we go for a lower loan on the purchase of our new house. The process goes forever but we finally got our first part of the loan approved and with all documents submitted for the second part of the loan, we now keep our fingers crossed. An important note: the bank will ask for updated documents for the time of the application process, say if the application took 3 months they will suddenly ask you for the newest ones. That caught us by surprise and caused us some trouble but luckily our record keeping was good.
Thank you fir sharing your experience and expertise. Very helpful and encouraging. Congratulations. The issue CPCV is very important and might be helpful exploring more in your future videos to educate us many of us have been caught in ignorance.
Glad it was helpful! Thank you. Yes, I think we could talk more about a CPCV. Good idea. When us and our lawyer can catch our breath, we'll get a video put together. - Josh & Kalie
@@ExpatsEverywhere I am sure you have already though about this, but I think NHR update may be the inflection point for the real estate demand. If I were you, I would not spend too much money on it and try not to make it luxuries. Instead, I would make sure it will something that locals can afford. I may be wrong, though.
Congratulations! We've just gone through the process of buying a house and could do our own 30 minute vlog about the process - we feel ya! We should have signed the deed 30 June, but we're still not over the finish line. Buying in Portugal is definitely not for the faint of heart!
Thank you, Suzanne. Are you going to do a vlog? Would you like to be a guest on our podcast to talk about it? If so, get in touch with Kalie at info@expatseverywhere.com and she can schedule something. - Josh & Kalie
what i laughed with this episode (not in a derogatory way). how proud you felt when the deal was closed.i think you bought a very interesting property with a fair price. congratulations.
Thank you, TyMark. Yes, pride (being proud) can be a complex feeling and in this case it was a lot of stuff wrapped up into getting across the finish line. Let's see how the next phase goes. - Josh & Kalie
We're filming with a tax company on the 11th, however, there's not a lot of official information so we're not sure how much we'll be able to talk about NHR. - Josh & Kalie
@@ExpatsEverywhere If you are looking for questions, here is one: If they cancel NHR, how much more tax a US person will pay in PT? For example, a single US person making 150K foreign/US income a year (2 x mean household income) live in PT. For such a case, tax with NHR and tax without NHR?
@@Jacob-tp3sw Thank you. We filmed today and the short answer is A LOT! With 150k be getting taxed 20% with NHR and not on NHR you're above the income level that gets taxed at the 48% on the progressive tax. So it's not an effective tax rate of 48% but it's going to be much higher than 20% flat tax. - Josh
Congrats!! I know you have worked hard and long towards this. I bought a house in the Azores a couple of months ago and will undergo renovations too. I look forward to learning from and with you.
CPCV signal is costumery to be from 10 to 20%, not strictly 10%. Also if you have a bank in the mix and are waiting on a loan it's essencial to have a clause on the CPCV that the signal defaulting depends on the approval of the bank loan on time (i.e., if the bank loan isn't approved on time then the CPCV is null and void and the signal is returned to the buyer), to protect yourselves (if the seller doesn't want that clause you can always wave it, but then it's on you... but most sellers accept that clause as default because it's more than expected to have it when there's a bank loan in the mix). Regardless, glad for you that everything went ok in the end, but you got lucky the seller was more forgiving than they had any obligation to be, apparently.
Thank you. We did get it closed before they could have gone through the process of keeping the deposit. It was just a delay by about 2 weeks when the bank finally set the closing date. - Josh & Kalie
Congratulations! I don’t know how you did it through Novobanco. They are putting me through hell. All I did with them was open a checking account. I’m happy for you guys.
We don't know either! It was Rafael helping us through the process a lot. He worked really hard and we feel like he went above and beyond what a broker normally does. Initially because our income (on our 2021 taxes) didn't look so good, Novobanco was the only reasonable offer we received. Thank you. - Josh & Kalie
I love that you all had the selfless idea of adding more units to Portuguese real estate. This will definitely help. I hope others who are able to will consider doing the same. Congratulations as well 🎉
Thank you very much. Don't get us wrong we get the benefit of also having a nice house when we're done but we are happy to have a positive impact on the housing stock in Porto. I hope others consider doing the same too as there are many, many buildings in the city that could use this kind of redevelopment as opposed to buying land and building new. - Josh & Kalie
Here we have a 2 party dictatorship as well, like you have in USA. The diference is that the 2 main centrist parties, toguether, only get 75% of the national level seats. But at the local power, because its lower number of seats, thst 2 main parties gets 95% of the seats. Small parties rarelly get more than 12% of the votes, and at local power you need at least 8% of the votes. So, that 2 parties rules all the local power that allows to construct more houses. And, that 2 parties rules the houses market as well... That 2 parties controls build licences and the selling market, so, they keep the housing as scarce as possible to be profitable to the heads of that 2 parties, PS and PSD, the parties of corruption. No american or brazilian or russian or chinese investor, can come here and start to build houses to decrease scarcity, making the prices to fall... PS and PSD, the 2 biggest criminal gangs of Portugal, keep portuguese society as their economic hostages.
This is very inspiring, we all are learning through your journey! I am still looking for an accountant in Porto, would you recommend anyone that knows about online businesses, or maybe one of your videos that has some insights about it? Thank you so much for all the information you guys are giving out here!
We're very happy to inspire. That's a nice thing to say. We have 3 objectives when we put out a video; inform, entertain, and inspire. If we can get at least 2 of the 3 in a video, the video goes live. Please email Kalie at info@expatseverywhere.com for accountant information. - Josh & Kalie
Congratulations! Very happy for you to see everything works out! I am sure you are not alone :( The Portugal system and how they look at problems are not that similar to US system or the way we solve issues... Again, I am happy for you guys and looking forward to the new series.
Thank you, Jim! We had a very good experience with SpartanFX and will only use them for big transfers. We still like using Wise for travel and smaller money movements. - Josh & Kalie
Muitos parabéns fico muito feliz com a vossa determinação e empenho . Tenho a certeza que vão fazer um excelente trabalho recuperação do prédio e manter a traça original da arquitetura. Eu morei muitos anos na rua do Bonfim. Cumprimentos Paulo
Não tem de que. É um prazer ver o vosso percurso aqui em Portugal e em especial no Porto a minha cidade natal. Muito obrigado pelo vosso excelente trabalho e honestidade. Best regards Paulo
Congrats Josh and Kalie!! And Cia ;) The first of many! Just finished the video. I'd edit it to shorten it and would definitely dump the background music. Nobody asked, I know lol
Thank you very much. The story could have been longer if we got into the details so I'm not sure how we could have made it shorter while maintaining major events. As for the background music, we'll continue to improve our selection but the data definitely shows that there's higher retention with music than without. - Josh & Kalie
That’s interesting… about the music. To my ears it competes for my attention between what’s being said and the music itself but that’s me 😅 The new channel will be super interesting! Can’t wait guys!
Wow! What an excellent and informative video in a very enjoyable format. In addition to all that I was able to learn about real estate in Porto, Portugal, I am even more impressed by your high level of communication and presentation. All the best as you move into the next phase.
Woah! This comment is phenomenal. You don't know how much we appreciate hearing this. It took a while to plan, produce, and edit. We know the video isn't perfect. We see our own flaws but we really appreciate this comment. - Josh & Kalie
This is a patron from the past , I am so happy for you too !! My name is Kathleen Westmacott ! You guys are amazing and I have followed you all the way through ! I wanted to move to Portugal so bad but I am 70 yrs old and 100 percent on my own . I struggled with the computer & communication to the point of embarrassment!!! You were both extremely kind to me !!! You kids keep it up . I hope to be a patron to your new show so I can support you both !!! God Bless the 3 of you on this beautiful journey 😊❤️
Thank you, Kathleen! We appreciate the support. We appreciate your blessings. God bless you too and we hope you can visit us in Porto when we're finished with the project! :-) - Josh & Kalie
🎉🎉🎉congratulations!!! This was the most suspenseful 30 min I spent in a very long time!!! More suspenseful than our SEP appointments!!!! We cannot wait to tag along the next chapter of your big adventure!!!!
Thank you, Yumiko! Your support played a big role in our journey here in Porto. Thank you very much. - Josh & Kalie
What a story!! Wanted to watch a couple of minutes and watched the whole video. Glad that you guys nailed the deal in the end, uff!! That old building looked kind of scary 😂… Thank for sharing the process and making the video engaging to watch, look forward to see your new channel and journey ahead. Cheers, Tatiana
As an astrologer was wondering when did you start the whole process and signed the first document. Seems like a Mercury retrograde story a bit and some Saturnian influence . I’d take a look at those charts of the moment (doing a research). Wonder if you’d like to collaborate and I can check the locational astrology influences as well. I’ve heard also buying property in Spain can be tricky as well.
wow that was an incredible and super informative video!!! It's so hard to find this kind of content . look forward to your following your new venture !! parabéns!!!!
Thank you, Brian! We tried to maintain the important events in the story to tell the 18 month process while leaving you with nuggets of how the process could be for you if you are doing the same. We're glad that it came across well. - Josh & Kalie
Congratulations, Josh and Kaley! 🎉🎉🎉 Bravo. We’ve been following your journey. So happy for you and your family. Thank you for all the information. 🇵🇹
Thank you, Martha! We really appreciate that. We'll keep the information coming. For the project, it'll be on the new channel for the usual stuff, we'll be right here. - Josh & Kalie
Congratulations!!! So very happy for you all. 😊❤ Hope it's all you want and more!! And Congratulations on 3 years in Portugal coming up very soon!!!
Thank you so much!! You're good. Great memory. :-) Hope to see you soon. - Josh & Kalie
Damn, I need a nap after that story.... sooo stressful. Congrats to you guys... looking forward to the renovation(s) and new channel!
At least you didn't fall asleep during the story. :-) Thanks for watching and we're looking forward to seeing you on Let's Get Building. - Josh & Kalie
Phew!! Glad it all worked out and now let the work begin!! Very exciting and I'll be watching on the new channel!!
Phew indeed. LOL Thank you, Tamara! Thanks for the support and watching the new channel when it's ready. - Josh & Kalie
Bravo! What a wonderful journey. Thank you for sharing it with us all. Looking forward to the next chapter in your story.
Thank you very much. We're excited to share the ups and downs of the next phase. - Josh & Kalie
Congrats! I've been following your journey for some time now. I moved to Portugal from Northern California and after viewing somewhere in the neighborhood of 50 -60 properties would say your assessment is spot on. The lack of insulation, ventilation, heating and cooling is everywhere, even in super expensive properties! I have come to the conclusion as well that I am not comfortable buying a property with all these issues. I do not want to own something with ongoing mold/damp issues. And a new build is also really problematic. I have spoken to many people who have had their builds take 3 times as long as expected and have had the cost of building materials more than double during the process. I have decided to pause, rent, assess the market and learn more. Would be super cool to have a property with multiple nice small houses, possibly prefab with shared amenities like a pool and/or garden in a more rural or suburban setting. Looking into this idea, but assuming it would be close to impossible with the current regulations in place. Have any thoughts on this idea?
Thank you. It's a cool idea and could work assuming the demand for rural communal living is there. It's not our cup of tea at this point in life. We need a good school for our daughter and it's beneficial to be so close to the Dragão as we don't want to own a car. - Josh & Kalie
Parabéns!!!! We recently purchased (with Teresa’s help) a semi-detached house near Campanhã. We have about 4 months of renovation before we can move in. We’ll be very excited to follow your building process! Cheers! Paula and Serafina
Congratulations to you and Serafina! We had no idea. Will you be at the next meetup? - Josh & Kalie
i'm about to make an offer on a semidetached house that's been declared a ruin in Campanha too! It's on Sao Roque da Lameira. Will need so much work. I'm doing this all on my own (although i have friends there). Do you mind sharing more about the permitting process? I appreciate it :D
You’re going to be farther out than us. Our house is much closer to the Campanha train station. We don’t really know anything about the permitting process. All the renovations we’re doing don’t require permitting.
@@paulabuls5802 ah ok I'm hoping for the same with mine but I guess I won't know until an architect gets in there. May I ask who you're using to do the work? Thank you!!
I am so excited for you guys....how unbelievably stressful though. OMG. 😱 I loved how completely composed Kalie appeared in the video. 😊 I am so happy it all worked out in the end and am looking forward to the renovation. I hope to make it over there soon to see what's going on. 🇵🇹💕
Thank you. Us too! It was for a 4-6 week period before the final deed got done. Otherwise, it wasn't bad. It was just long. We're looking forward to the end product too. - Josh & Kalie
I am so proud of you, with determination, discipline and positivity thing are always accomplished. Feel so happy for you. Let the new journey begin. Hope to see you soon. Still waiting on visas approval🎉🎉🎉🎉🎉
Thank you very much. We appreciate hearing that. To a new journey! All the best on your visa approvals. Keep us posted. - Josh & Kalie
Buying (old/older) property in Portugal is complicated and really should not be done without a great attorney. Even with cash. Your chronical of your experience is spot on. Congratulations. You might want to include the discussion of initial taxes and stamps, records fees at closing as well in your new channel, which I will most definitely subscribe to. You and Kalie are terrific. BTW I used wise to transfer a boat load of money to my back here in Portugal. It took longer than I imagined having to prove I was not "money laundering" ☺
Thank you. We believe that we certainly have a great attorney. Thanks for joining us on the other channel for the continuation of that journey. I think we can get into the tax bit in time as we're going to register the transaction to see if we can get the IMT refunded since we're fixing up an old property. :-) - Josh & Kalie
Looking forward to learn from you guys' experience! Thanks J and K!
@@ExpatsEverywhere
Congratulations!! I’m so excited for you!!
Thank you. :-) - Josh & Kalie
Thank you very much. We're excited too but we know there's a long road ahead. - Josh & Kalie
I am so excited for you. Let's move on to the next chapter. I am going on this journey with you. Moving with you to your next channel, so excited.
Thank you! We appreciate you following us over there. :-) - Josh & Kalie
Congratulations, you guys‼️🎉🎊🍾🙌🏾👍🏾 I could feel every emotion of this journey. I'm glad you got through in the end. I'm happy for you all.😊❤
Thank you, Mo! :-) You've been here the whole way. We appreciate it. We felt the support. - Josh & Kalie
As always, very informative, but even more than that is your continued commitment to transparency and in this post, transparency of the emotional side of getting the "close" into the goal. This is one of the reasons the community you have helped create here in Porto and in Portugal truly care about one another. Well done!
Thank you very much! We just try to be our authentic-selves and if people like it, great. If they don't, we understand. We're not going to appeal to everyone and that's okay. We do hope to continue to cultivate a group of friendly well-meaning people in our community in Porto and Portugal. Thanks for the love. - Josh & Kalie
Another awesome video! We cannot wait to follow your journey!
Thank you, Veronica! Thanks for all the support that you have given. - Josh & Kalie
Soooooo happy for you guys! Makes me really happy our process was so streamlined! "Portuguese bureaucracy for the WIN!!!"
Thank you, Dean. We hope all goes well with your language exam. - Josh & Kalie
Wow! What a story. I admire your perseverance and I’m soooooo glad it worked out in the end. Kudos! For me, the takeaway is: pay cash if at all possible. 😊
Thank you, Gerald!! Yes, cash helps for sure although, the bank making sure of the documents was really nice too. Give and take. You know? - Josh & Kalie
Yeah, the document jungle is pretty head-spinning, so getting that done right via the bank is a plus for sure. Maybe my takeaway is to just rent. Of course there are pros and cons to that, but it might make sense for 60-something retirees who will likely be keeping a house in the US.
Great job guys! Congratulations 🎉 Hard work paid off🎉
OMG …..I texted this to my husband! I know you’re gonna think we’re crazy…. but we have moved a lot 13 moves from ‘98-‘14 and build with every move except once and we rented for a year. So we know we know how it goes….. or really my husband does. It’s all been an experience …..and have loved it! Granted movers were paid by husband’s relocation work. So renovating in Portugal will be for sure new to us. THANK YOU FOR ALL THE INFO!!
So excited for you guys! This was going on when we met you in Porto back in June!! You did a great job of keeping it under wraps!!! I'm super excited for your new channel!!
Thank you very much, Suzi. :-) We appreciate it and we're super excited for it too. - Josh & Kalie
Congrats! Been following along from the start and it's good to see your plan come to fruition
Thank you, Shawn! On to the next phase of this. - Josh & Kalie
I'm so pleased for you guys. I have signed up to the other channel about the building. Look forward to following your journey. ❤🙂🍷
Thank you and thanks for joining us on the other channel! We hope to start producing videos there at the end of this month or beginning of next. As soon demolition starts, we'll start filming and creating videos. - Josh & Kalie
You guys are really stepping up your video creation game with all this b-roll and music.
Thank you very much for the recognition. We're going to keep trying to improve. - Josh & Kalie
Congrats guys, excited for you both
Thank you very much. - Josh & Kalie
Congratulations! The video explaining the pain during this process was amazing. It is extremely bureaucratic indeed. I loved how you described the step by step, and there is still the appraisal, inspection, documents check and title survey, etc. it’s a lot… I’m so glad you guys were able to still get it even after the cpcv timeline expired 🙏🏻👏🏻 you deserved it! 👏🏻
Thank you very much. We didn't go into those milestones in the video although each step took its own time, especially the appraisal. - Josh & Kalie
Thank you Josh & Kalie. Very informative video indeed; plus you nailed it on the sound-track lol.
Glad you enjoyed it! Thanks for watching. - Josh & Kalie
Congratulations. Thank you for sharing your journey and vulnerabilities. You both overcame so much. I look forward to watching your new series.
Thank you, Elaine! Vulnerabilities, that's a good word for it. We do feel that way a lot when we put out a video. We can't always show the best of everything. Sometimes stuff goes wrong. Right? We have to show you all that too. Fortunately, way more has gone for us than against us in Portugal. Thanks for following this journey. - Josh & Kalie
Congratulations! So happy for you guys.
Thank you! :-) - Josh & Kalie
Congratulations, I will follow up on the build process, and soon in the future, I will be moving to Portugal.
Thank you! We hope to see you on the new channel. - Josh & Kalie
@ExpatsEverywhere when the new channel is opening?
So happy for you guys. Love the cameo from Teresa, who is responsible for me and Lisa having our wonderful apartment in Matosinhos. Look forward to watching the progress on the new channel. Parabéns!
Thank you so much, Eric! It's good to see you. Yep, Teresa had a nice little cameo for sure. We're looking forward to publishing over there and documenting things. - Josh & Kalie
Great video, great passion for win!
Good luck with renovation!
🙌
Thanks so much! We hope to see you on the new channel! We're getting closer and closer to firing it up and uploading over there. - Josh & Kalie
Wow! You weren't kidding about this process being a roller coaster! Congratulations on the property!! And, this is the BEST video yet! (I do not apologize for all of the exclamation marks!) :)
Thanks, Sam! It was a wild ride. Most drama in a home purchase yet and hopefully the last. LOL Thank you for all the exclamation marks. - Josh & Kalie
Congratulations! Been following you since you arrived here. This video exhausted me, so I'm sticking with van life! But YAY for you!!
We understand that. Enjoy the simple life. :-) We have made life more complicated for ourselves for sure. LOL - Josh & Kalie
Hi, I'm still living in the yellow 5 C apartment in your July 2021 vid in Coimbra. During 2022 and up to September 2022, I had a BPI account, which gave me nothing more than trouble. I had troubles at the start of 2023 in Madeira. So I opened an account with Millennium in March 2023, and it was another world. Last problem: when I went to the BPI to close the account, their machine swallowed my Millennium card, telling me that my PIN was incorrect, despite using it a hundred times in other "Multibancos". So a bank is not equal to a bank. The Millennium Group, which took over the BCP, is Polish (allied), while the BPI was acquired by the Spanish "Caixa Bank" (like the Germans ). I'm really glad for you. Due to my "very old age," I went through buying, selling, notaries and banks in Hamburg, Munich, Argentina, Miami, and more. Thumbs up for Portugal
Hey! Thanks for the message. This was our only interaction with BPI since it was the sellers bank. Needless to say, not good. - Josh & Kalie
Lol. Closings in Portugal are not done the same way as in North America where they now close electronically. Here you have so many people at the notary's office. Sellers (including the family), sellers' lawyer, buyers, buyers'lawyer, sellers' realtor, buyers's realtor, notary, notary's staff. Yes the office is usually big enough to accommodate everyone. I was lucky enough not to have a loan and pay with my own money which simplified the deal a little but still, it was stressful. Wire transfers and so on... I gave myself plenty of time to make sure the money was ready when I closed the deal. Everything went just fone in the end.
Congratulations! I'm looking but further south than Porto. My wish list is that I want to be center ville in a town with enough people to have groceries, a pharmacy, doctors, a hospital, restaurants, and other services. The house will need a bit of ground for a veg garden. And yes, I have an excel file to help me find towns that fit my criteria and even have the realtors/immobiliers listed too. And yes, I am a diamond in the rough casa type of person. Much rather make it my own than live with the choices others made. My wish for you is smooth sailing in the rehab phase of this project.
Thank you! Keep us posted on your project and where you land. We hope it'll be smooth too. We know it'll be long-ish. - Josh & Kalie
OMG! ❤… YOU DID IT 🎉🎉🎉…. I’m so happy for you guys!!!… can’t wait to see what happens next 😃
Thank you. We did. :-) See you over there on the other channel for that content. - Josh & Kalie
I enjoyed this so much, educational and funny!!!
Congratulations! I can totally relate to you guys on the process and stress, even though we are on the second purchase in Portugal (also in Porto btw), but this is the first time we made use of a mortgage. Our process is slightly different because we first applied for an equity release loan from our existing apartment already fully paid a few years ago (also in Porto). Then only after that we go for a lower loan on the purchase of our new house.
The process goes forever but we finally got our first part of the loan approved and with all documents submitted for the second part of the loan, we now keep our fingers crossed. An important note: the bank will ask for updated documents for the time of the application process, say if the application took 3 months they will suddenly ask you for the newest ones. That caught us by surprise and caused us some trouble but luckily our record keeping was good.
What a journey, so happy for you!! 🎉 Excited for your new chapter and subbing to your new channel!
Thank you very much for watching, commenting and subbing to the new channel. It's going to be high drama over there we're guessing. LOL - Josh & Kalie
Congrats guys. BTW, loved the humorous take on what was a somewhat lengthy and painful but rewarding process.😅
Thank you! Thanks for recognizing that. We tried to have fun with this video. - Josh & Kalie
Well done you guys. Can't wait to see the progress😀
Thank you. You and us both! We're looking forward to the content on the new channel. - Josh & Kalie
Best wishes on the new project. I know you're excited. Cannot wait to see what you do with that property.
Thanks, Jason! You've been following this for a while! We appreciate the support. - Josh & Kalie
Congratulations guys, best of luck with the reno!!! 👊
Thanks, Tom! We'll need a bit of luck on the reno for sure. :-) - Josh & Kalie
Congrats on the new home! Looking forward to the renovation
Thank you!! Hope to see you on the new channel. - Josh & Kalie
Thank you fir sharing your experience and expertise. Very helpful and encouraging. Congratulations. The issue CPCV is very important and might be helpful exploring more in your future videos to educate us many of us have been caught in ignorance.
Glad it was helpful! Thank you. Yes, I think we could talk more about a CPCV. Good idea. When us and our lawyer can catch our breath, we'll get a video put together. - Josh & Kalie
Excellent, detailed content - wish you much, much happiness on this new adventure!
Thank you! We're glad that you enjoyed the details. - Josh & Kalie
Congratulations 🍾. Inspirational and hope to meet up with you both on another trip to Porto
Thank you!! Please keep an eye on our meetups. - Josh & Kalie
Congratulations!🍾
You guys are awesome. Happy you found something!
Thanks, Jordan! We are too. Wild ride! - Josh & Kalie
Congratulations. Well deserved. ❤❤
Thanks, Alex & Mark. We appreciate your support. - Josh & Kalie
Congratulations to your family🎉👏🏽💫
Thank you! :-) - Josh & Kalie
Great news 👍
Congratulations 🥂🎉
Thanks, Paulo. We appreciate it. - Josh & Kalie
Congrats 🎉 wishing you much success on your new venture❤ from 🇨🇦
Thank you, Mary!! We appreciate the love from Canada. - Josh & Kalie
Parabéns 🎉! Totally know your home buying pain. Welcome to the (Bonfim) neighborhood! Hope we see you and the fam around 😊
Thank you. Thanks for the welcome as well. We'll be there in 2025 if all goes well. LOL See you around. - Josh & Kalie
Awesome and congrats! 🎉
Thank you very much. - Josh & Kalie
Congrats on the place! 🎉
Thank you, Seamus. Thanks for being a part of the journey. - Josh & Kalie
Wow !!! Awesome!! Congrats!! 👏👏👏
Thank you! - Josh & Kalie
Congratulations and wauvvv: very analytical way of buying a property!
Thank you, Jacob. We thought so. We approached it like we would any real estate investment. - Josh & Kalie
@@ExpatsEverywhere I am sure you have already though about this, but I think NHR update may be the inflection point for the real estate demand. If I were you, I would not spend too much money on it and try not to make it luxuries. Instead, I would make sure it will something that locals can afford. I may be wrong, though.
Brilliant Perseverance and Foresight. Well Done!
Thank you! We certainly can't predict the future but we can control our effort (perseverance) so onwards and upwards. - Josh & Kalie
Wow! What a journey.. Congratulations...
Thanks a ton - Josh & Kalie
Congratulations! We've just gone through the process of buying a house and could do our own 30 minute vlog about the process - we feel ya! We should have signed the deed 30 June, but we're still not over the finish line. Buying in Portugal is definitely not for the faint of heart!
Thank you, Suzanne. Are you going to do a vlog? Would you like to be a guest on our podcast to talk about it? If so, get in touch with Kalie at info@expatseverywhere.com and she can schedule something. - Josh & Kalie
what i laughed with this episode (not in a derogatory way). how proud you felt when the deal was closed.i think you bought a very interesting property with a fair price. congratulations.
Thank you, TyMark. Yes, pride (being proud) can be a complex feeling and in this case it was a lot of stuff wrapped up into getting across the finish line. Let's see how the next phase goes. - Josh & Kalie
great history of events. Excited for you guys.
Thanks, Eric! We appreciate it. - Josh & Kalie
I think you should make a video about NHR as quickly as possible.
We're filming with a tax company on the 11th, however, there's not a lot of official information so we're not sure how much we'll be able to talk about NHR. - Josh & Kalie
@@ExpatsEverywhere If you are looking for questions, here is one: If they cancel NHR, how much more tax a US person will pay in PT? For example, a single US person making 150K foreign/US income a year (2 x mean household income) live in PT. For such a case, tax with NHR and tax without NHR?
@@Jacob-tp3sw Thank you. We filmed today and the short answer is A LOT! With 150k be getting taxed 20% with NHR and not on NHR you're above the income level that gets taxed at the 48% on the progressive tax. So it's not an effective tax rate of 48% but it's going to be much higher than 20% flat tax. - Josh
Congrats!! I know you have worked hard and long towards this. I bought a house in the Azores a couple of months ago and will undergo renovations too. I look forward to learning from and with you.
You can do it! Great job! Thank you. - Josh & Kalie
CPCV signal is costumery to be from 10 to 20%, not strictly 10%.
Also if you have a bank in the mix and are waiting on a loan it's essencial to have a clause on the CPCV that the signal defaulting depends on the approval of the bank loan on time (i.e., if the bank loan isn't approved on time then the CPCV is null and void and the signal is returned to the buyer), to protect yourselves (if the seller doesn't want that clause you can always wave it, but then it's on you... but most sellers accept that clause as default because it's more than expected to have it when there's a bank loan in the mix).
Regardless, glad for you that everything went ok in the end, but you got lucky the seller was more forgiving than they had any obligation to be, apparently.
excellent point on the contingency clause for the CPCV
Thank you.
We did get it closed before they could have gone through the process of keeping the deposit. It was just a delay by about 2 weeks when the bank finally set the closing date. - Josh & Kalie
Congrats ❤😊
All the best ☺️ can't wait to see the renovations ❤🗝️ 🏠
Thank you, Ana! We appreciate your support. - Josh & Kalie
Congrats brother!! 🎉
Thanks, Robin. - Josh & Kalie
Congratulations! I don’t know how you did it through Novobanco. They are putting me through hell. All I did with them was open a checking account. I’m happy for you guys.
We don't know either! It was Rafael helping us through the process a lot. He worked really hard and we feel like he went above and beyond what a broker normally does. Initially because our income (on our 2021 taxes) didn't look so good, Novobanco was the only reasonable offer we received. Thank you. - Josh & Kalie
I love that you all had the selfless idea of adding more units to Portuguese real estate. This will definitely help. I hope others who are able to will consider doing the same. Congratulations as well 🎉
Thank you very much. Don't get us wrong we get the benefit of also having a nice house when we're done but we are happy to have a positive impact on the housing stock in Porto. I hope others consider doing the same too as there are many, many buildings in the city that could use this kind of redevelopment as opposed to buying land and building new. - Josh & Kalie
Here we have a 2 party dictatorship as well, like you have in USA. The diference is that the 2 main centrist parties, toguether, only get 75% of the national level seats.
But at the local power, because its lower number of seats, thst 2 main parties gets 95% of the seats.
Small parties rarelly get more than 12% of the votes, and at local power you need at least 8% of the votes.
So, that 2 parties rules all the local power that allows to construct more houses.
And, that 2 parties rules the houses market as well...
That 2 parties controls build licences and the selling market, so, they keep the housing as scarce as possible to be profitable to the heads of that 2 parties, PS and PSD, the parties of corruption.
No american or brazilian or russian or chinese investor, can come here and start to build houses to decrease scarcity, making the prices to fall...
PS and PSD, the 2 biggest criminal gangs of Portugal, keep portuguese society as their economic hostages.
Loved this video...I was captivated!!
Aww. Thank you so much!! We appreciate the love. - Josh & Kalie
Great story. Congrats and good luck!
Thank you! We appreciate hearing that. - Josh & Kalie
Hi Josh! Great video as always!
Glad you enjoyed! Thank you. - Josh & Kalie
I am here from your Fuji video. Nor sure as to WHY you left. But looking forward to watching your other videos. Peace from England UK
Thanks for the peace! Same to you. Thank you for watching our new stuff. - Josh & Kalie
Congratulations! Josh, you’re starting to look more Portuguese 😊🎉
Thank you, Tatiana! And thank you, I'll take that as a compliment as long as it's more Cristiano Ronaldo than Fernando Mendes. :-) - Josh (& Kalie)
Great story. Thanks for sharing.
Thanks for listening, Dave. - Josh & Kalie
Glad your "quest" had a happy end (well, for the first part...). 👍
Thank you, Antonio! That's right, it's definitely the first part. - Josh & Kalie
This is very inspiring, we all are learning through your journey! I am still looking for an accountant in Porto, would you recommend anyone that knows about online businesses, or maybe one of your videos that has some insights about it? Thank you so much for all the information you guys are giving out here!
We're very happy to inspire. That's a nice thing to say. We have 3 objectives when we put out a video; inform, entertain, and inspire. If we can get at least 2 of the 3 in a video, the video goes live. Please email Kalie at info@expatseverywhere.com for accountant information. - Josh & Kalie
Congratulations! Very happy for you to see everything works out! I am sure you are not alone :( The Portugal system and how they look at problems are not that similar to US system or the way we solve issues... Again, I am happy for you guys and looking forward to the new series.
Thank you, Matt! Thanks for the email and we look forward to producing stuff on the new channel too. - Josh & Kalie
Woohoo, full speed ahead!
Indeed! Thanks, Toby! - Josh & Kalie
Good job you two!
Thank you, Paul. - Josh & Kalie
Congrats! Happy to hear you used Spartan for larger transfers, soooo much better than Wise.
Thank you, Jim! We had a very good experience with SpartanFX and will only use them for big transfers. We still like using Wise for travel and smaller money movements. - Josh & Kalie
Yay!!!!! Congrats!!!!
Thank you, Jason. - Josh & Kalie
Congratulations!
Thank you! - Josh & Kalie
Congratulations and Best wishes in the next venture of getting it ready for occupation.
Thank you! It's the long game, right? :-) We know it's a long-ish road ahead. - Josh & Kalie
Congrats 🎉
Thank you! - Josh & Kalie
CONGRATULATIONS 🌟 🎊 👏🏽
Thank you so much 😀 - Josh & Kalie
Congratulations 🎊 🎉
Thank you. - Josh & Kalie
Muitos parabéns fico muito feliz com a vossa determinação e empenho . Tenho a certeza que vão fazer um excelente trabalho recuperação do prédio e manter a traça original da arquitetura. Eu morei muitos anos na rua do Bonfim. Cumprimentos Paulo
Aww, thank you very much, Paulo! This is a really beautiful message to read. - Josh & Kalie
Não tem de que. É um prazer ver o vosso percurso aqui em Portugal e em especial no Porto a minha cidade natal. Muito obrigado pelo vosso excelente trabalho e honestidade. Best regards Paulo
Uauuu Congrats,so Happy for the new Journey. 👏👏💪💪
Eu💙Porto
PS: Apesar de toda a burocracia 😉👏👏👏💪
Congrats Josh and Kalie!! And Cia ;)
The first of many!
Just finished the video. I'd edit it to shorten it and would definitely dump the background music. Nobody asked, I know lol
Thank you very much. The story could have been longer if we got into the details so I'm not sure how we could have made it shorter while maintaining major events. As for the background music, we'll continue to improve our selection but the data definitely shows that there's higher retention with music than without. - Josh & Kalie
That’s interesting… about the music. To my ears it competes for my attention between what’s being said and the music itself but that’s me 😅
The new channel will be super interesting! Can’t wait guys!
Congratulations! 🥳🥳
Thank you so much 😀 - Josh & Kalie
Love that guy!
Congratulations!!!!
Thank you! - Josh & Kalie
Is called runed down = Devoluta... If it was abandoned there would be no one you had to pay for it...
I mean if you want to get technical. LOL But let's be honest, there's always someone to pay for it. - Josh & Kalie