Having watched many of your videos, you seem very sincere and intelligent. I can't figure out why you don't have more followers/subscribers, but you've made me a fan!
So glad I’ve found your channel! Some of the small UA-camrs are pure gold ❤ We have a saying that it’s better to have 100 friends than $100. Would love to meet up with you somewhere in Spain and share some digital nomad stories 😊.
interesting.. the point about finding a motivated seller is spot on. A property owner who has multiple properties has the energy to deal with it when younger, but at a certain point that real estate portfolio will become a burden that they want to be rid of. They just want their money and a clean, smooth transaction. If you are a cash buyer you can score great deals, learn about the seller!
Do you mention where your properties are? I do understand if you want to maintain your privacy for safety, but I'm assuming that it makes a difference where in Spain a home is located.
I don’t know what it’s like living alongside Romani people but everywhere they are in the world they are known for being tricky and for cheating people out of goods and money. I was approached by several and it always involved money. One typical example I heard of is one woman asking about the goods at a market while her partner swipes another product at the other end while the seller is distracted My friend had his wallet swiped by Romani boys. He was lucky enough to be able to get it back and he was yelled at when he caught up with them and grabbed it back. He was “attacking” them. At the time one of them would ask for cash while the other goes for your back pocket or jacket pockets. I didn’t hear of them being violent but they can be a nuance. They just live by a different set of rules and it involves a lot of dishonesty.
Yeah, I will say that I have some less than positive experiences, although I've never had anything stolen. At the same time, there are some wonderful Romani families on my street, so I try not to put all of them into the same box. There are certainly some who fit the stereotypes, though.
Leonab545 im Romanian im living in uk for the past 10 years and im preatty sure those ppl you met ,they are just the few couple hundrets ,thousands from our country who are known to pickpoketing ppl. They are harmless and they not make a good image for our country i know that but that not means because for 0.1 percent who pickpoket mean they are all the same. I can tell you to visit Romania and you will change your mind. Here in Uk we are now the second language spoken after english and the British ppl are very happy with us contributting to society,only good words about us. Don t let few romanians to change you believs about an nation. Trust me you can find other ppl from other european country more more more dangerous then those pickpoketing ppl and you can find them in Paris ,Bruxelles,Dublin,Amsterdam etc. Trust me. Most Romanian families are very well behaved. Go and visit the country and you will se im right and you will change the ideea about us 100%😁😄
@@gicacontra3951 Yea, I understand that Roma/Romani people are not all of Romania. They are all over the world and likely originated from Northern India. They were enslaved in Romania though, wonder if that’s where they take their name. Good to hear about your positive experience in the UK. I do have a disappointing story from someone I know who happened to get stuck at a Romanian airport and received terrible treatment. Everyone, including children, from the grounded airplane were not given beds, but had to spend the night in a bathroom to keep warm. It was so cold. By morning they protested and finally got an army pilot assigned to get them out in bed weather. They didn’t want to spend another day on the floor. It was decades ago, hopefully things aren’t the same now.
You go girl! 😀 Nice find, but lots of work I'm sure. More power to you! Pretty soon you're going to own the whole block! 😉 We are figuring out tax burdens on moving to Spain. La mejor de las suertes para ti
Thank you! Yes, the first two I bought are side-by-side. But most of them aren't built with similar layouts, so in my case, the floors are not at the same level, and it would be pretty complicated. But for the right houses it's a good idea! Also, I'm not sure what kind of paperwork would be involved. The permitting process in Spain can be a pain. 🙂
I am very interested in buying an older townhouse in Martos, Spain, in order to make my retirement funds go further. The houses there in the older part of town are very much like these houses that you have purchased. In the United States, I can't see myself ever being able to stop working. But in Martos Spain, I could own my house outright, have enough money in the bank, and be able to live on my relatively small Social Security check, which I am eligible for in 9 years.
Brilliant! Yes, I agree. It's nice to know there are places in the world where we can go where we don't have to work until we die. Spain definitely has a lot of options for a great quality of life at an affordable price!
@traveltomoney Thanks! Yes, I feel lucky to have stumbled upon inland Andalucia through a series of fortunate events. I'm not sure I would take on the levels of renovations that you have, but luckily, I don't have to. Maybe just a few projects for myself. I admire your sense of adventure.
There is a reason why the first two houses cost 20k and 5k euros. You will come to respect that reason. These are fantastic stories but very misleading. When you buy a house in Spain, you are buying more than the house...you are purchasing neighbors, convenience, amenities, and friends. And you will lose that tax battle - it is an old law - not new.
Hi there! It once happened on my street during COVID, to the most vulnerable person who was away (a little old lady). Most homes in Spain have bars over the doors/windows. I know in a lot of areas of the US, you only see that in rough areas, but it's pretty commonplace in Spain. I also put an alarm in my house, and when we were installing it, we let it go off for a few minutes so that everyone knew. My street also has a WhatsApp group chat, where everyone communicates about what is happening on the street. I don't think it's an everyday worry for most, but it's good to have the things I mentioned in place so that when it does happen, your house is much less likely to be targeted.
thanks for the video! how do you deal with illegal occupants? those who can just change locks and stay for years and heard difficult to evict them. this makes me hesitate real estate in spain
Hi there! 👋 On the $9k house, I was hoping to spend around $20k, but we've taken on more projects in the house than originally intended, so I think the final cost will be closer to $40k. I'm tracking all of the expenses and will do a video on the cost when it's all done. 🙂
Hi, i have 9acers of land with a building on in aragon spain thats currently listed at €35,000 , it has an olive grove on there and has beautiful mountain views over looking vineyards. Would you be interested in possibly purchasing? As i have other commitments in the uk.
If you are a non-EU citizen, you are taxed on rental income at 24%, and you don't get to take deductions. Residents only have to report income once per year, but non-residents have to report every quarter.
@@traveltomoney thank you so much for your response. Excited to follow your journey too. I’m looking to get into the market. I work in EU but still a non EU citizen so quite curious with the whole process. Thank you for explaining.
Curious how the neighborhood looks like, people don't just give out properites for that cheap if there isn't a reason. Usualy not so desirable zones to live in.
Where you referring to romanians? There is a difference between romanians and gypsies that come from Romania. Me as a romanian I can't get outside Romania without being looked down and considered a gypsy when it's not the case...
i already live in the south of spain, where in the area couldi find a house at that price? is there a good website? where i live those type of houses have just squatters living in them
Hi Nicole I was travelling around Spain earlier this year in the Sierra Nevada region I would like to buy a place there do you have any advice please websites etc thanks
Thanks and Congratulations on your new home ! What about the cost of purchase (notary , registration, etc) in Spain ? Do you have an estimation and also how long does it takes . In Belgium for example it can takes max 3 months between the date of the offer and the signature.
Hi, and thank you! When I purchased my first house in Spain, we closed less than 60 days after I made the deposit, and just 30 days after I arrived in Spain. Depending on the property, it can take longer ... things in Spain aren't always fast. Last year, it took about 5 months to close on the $5,000 house purchase. Spain has a law that if an owner buys a property from the bank, if they decide to sell it, after they find a buyer, they have to first offer it back to the bank at the price they are selling it for. And they have to give the bank 2 months to respond. I have a video about the step-by-step process of buying a house in Spain that includes the attorney and notary fees. Sometimes I have to watch my own video because I don't remember all the numbers. Haha. Thanks for watching!
Great video I live in Motril Granada Costa tropical i bought a home 5 mins from the sea it's paradise 300 days of sunshine a year if anyone needs help let me know ❤️
Una casa por 5.000€? Aunque se tenga que renovar, si esto fuera verdad en España no tendriamos problemas de vivienda por culpa de la especulación inmobiliaria. Esto no es cierto.
Hi! Just subscribe to your channel. There's some crazy laws in Spain. Can you give me any information on Subsections taxes or Impuestos de Suceción. For example if you buy a property and want to leave it to a family member. Sometimes are more than the Property cost and if you aren't careful the government can keep and sale it. I read some horror stories about this. Anything you can tell me I really appreciate. Aida Saludos! Desde Washington DC.
Hi there! I could ask my attorney more about it, but when I bought my first home, I wanted to leave it to a specific person who was not a family member. My attorney drafted the paperwork ... basically, it's like a will specific to the house. It cost me about 150 euro to have it prepared.
Why do you by houses in Spain when you can by there all villages, half Spain is to sell because no one wants to live there, only the coast is interesting.
@@traveltomoney I’m an American ex-pat living on the Costa del Sol for 21 years. I get it you bought the property is really cheap, But You mentioned that the street is 50% Romany And After you’ve finished your renovations, Has crossed your mind that Someone will break into the house property with Kids And occupy it? As you know, squatters have more rights to your property than you do once they’re in it And I think you should’ve mentioned this your video. It wouldn’t surprise me if half of The non-Spanish on the street have already occupied/Squatted The houses they are living in and not paying any rent, taxes, or anything.
People ask me about squatters a lot, but I haven't found it to be the problem that most people think it is ... or at least in our area. I can't speak for all of Spain. I've had homes on the street for six years, and the other half of the homes are owned by expats. There has only been one squatting instance on the street, and it was specifically during Covid. I think in general, even though Roma people live on the street, they're not all trying to piss off their neighbors, and many of them live lives just like any other family, working normal jobs and kids in school. I have positive relationships with many of them, and they've been really helpful to me many times. Additionally, all of the expats have a group chat, and we all look out for each others homes. I think any homeowner anywhere in the world should take precautions to make sure their home is secure and protected, but I don't think we've got a major situation here.
That’s great that all the expats on your street Watch over each other’s homes with the group chat. unfortunately, most people have to pony up the cost for a monitored alarm system because this is the best way to prevent squatting. Probably not everyone reading this comment knows the law regarding this, but as you know, you’ve got 24 hours to report squatters in the property and the police can remove them, otherwise they have the right to the property. It’s unfortunate that property owners lose the rights to the property so easily in Spain. It baffles my mind being an American that this happens. On the plus side, we don’t see lots of homeless people in Spain, actually very few. This is how the government Sweeps it under the carpet, unlike in the US where you’re served with a three day notice to move if you haven’t paid your rent in most states.
What's up, Mark! Thanks for the comment! Spain and Portugal are both awesome choices. Personally, I think Spanish is easier to learn, but in Portuguese cities, English is widely spoken. There is more bureaucracy in Spain around buying a house, especially if you want to do renovations. Either way you go, it will be an amazing adventure!
@@traveltomoney I had a plan to invest in the Portugal Cultural Golden Visa plan, 200 euro, so I can get my passport, plus work in Portugal sometimes. While living in Valencia, pursuing my Spanish Residency. After spending time in both countries about 10 years ago, Spain appeals to me slightly more...but that could change after spending next winter around Portugal/Spain.
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
Jenny really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
Haha. I think you and I have different definitions of "middle of nowhere." I've driven from Cairo to Hurghada in Egypt, so I'd say a town with 10k people, 5+ grocery stores, lots of restaurants, surrounded by mountains, an hour drive from 2 different international airports, and just a 25 minute drive to the beach is in the middle of somewhere, but not nowhere.✌️
that is a capitalist strategy. It is not necessary to have 3 houses in order to earn more money, from a country that is not yours and create housing insecurity for the Spaniards?
Let me just take a moment to answer the questions that you didn't take the time to ask: 1. I didn't buy up a bunch of houses to make a profit. I sold my first two to pay for the renovations on the third, just like any normal person who sells a house and buys another. 2. I live on a street that the Spanish refuse to live on because they're too good to live next to any Romani's. 3. There are TONS of empty houses in these towns that need renovations. Renovating a house there is often as much or more than buying a house that is ready. 4. The small towns are dying because young people are moving to the city. The Spaniards of my town have just developed a plan to build a road directly to the beach because they need others to cone in and buy homes in the town to keep it alive. This is directly from my Spanish attorney. So, thanks for your assumptions, but maybe next time, you should ask questions. Keep spreading that kindness.
Im ok with financial freedom but why couldnt you just stay away from real state? you are contributing to price rising and what is worse, you are doing it in another country taking advantage of salary differences
Ya know, I've had to come to terms with the fact that I just can't please everyone. I have to know what my values are and the story behind why I make the decisions I do. If you dug a little deeper, you'd learn that I bought houses in Spain that no Spaniard will touch. The street I'm on is beneath them. But in truth, even if it wasn't the case, I don't have a problem with it. Every country has the right to regulate real estate the way they see fit that is best for their people. If it's not best, they can change the ability to purchase. And, although I don't believe there is only one side to the coin, I think it might benefit you to see the value that people from the outside can bring when they spend money at all of the local businesses owned by everyday locals. It may not be a zero-sum game, but there is a lot more than just buying a house to take into account and shaming every person who legally buys a home. I can't afford a home in the US, so I found a place in the world where I could own something without being in debt for the rest of my life.
@@traveltomoney I understand your situation but the problem is that doing what you are doing you are slowly forcing us in the same one. I agree that the government could regulate it but I am speaking about being ethic. By the way, just to clarify why we in Spain are forced to pay that 10% over a minimum amount, the reason behind that is that we pay taxes to inherit or to give those houses. If you paid 10% over the buying price, people would "sell" their houses to their children, for example, at 100€, paying 10€ taxes. This way we disuade them from doing it. But yes, it is a pitty for people like you, since you are obviously not doing something like that. I just wanted you to understand that encouraging people from US to come here is bad for us spaniards. Keep in mind here a 30k salary is a good one (a decent one i mean) so we just cant compete with your purchasing power.
Are you really moaning about creating price rises on a 9k house ? 😂 Its far better to have a house renovated and inhabited by renters who will contribute to the local economy than have it sat there empty and derelict. Yours was a scarcity mindset comment.
I admire your enthusiasm and drive, good luck on your adventures. Kind regards Paul.
Thank you so much! 😊
Having watched many of your videos, you seem very sincere and intelligent. I can't figure out why you don't have more followers/subscribers, but you've made me a fan!
Hi Don! Thanks so much for the morning encouragement! It really means a lot! I'm so glad you're here for this journey! 🙂
I JUST said this!
Nicole, you are a wise and free- spirited lady.
Building relationships is the best investment
I like your outlook and style!
Thank you! 😊
Congratulations Nicole! Looking forward to seeing you the new house!
Thank you, Celani! 😊
Can you say WHERE ARE EXACTLY those houses you bought "so cheap"? I'm not gonna buy any house but... I'm just courious. Thanks
Congrats! Excited to see the new place and all you accomplish. Thanks for the great content.
Thank you so much for watching and for the encouragement! 😊
So glad I’ve found your channel! Some of the small UA-camrs are pure gold ❤ We have a saying that it’s better to have 100 friends than $100. Would love to meet up with you somewhere in Spain and share some digital nomad stories 😊.
Thank you so much for the encouragement! Meetups are always fun! 🙂
interesting.. the point about finding a motivated seller is spot on. A property owner who has multiple properties has the energy to deal with it when younger, but at a certain point that real estate portfolio will become a burden that they want to be rid of. They just want their money and a clean, smooth transaction. If you are a cash buyer you can score great deals, learn about the seller!
For sure! Thanks for watching! 🙂
Do you mention where your properties are? I do understand if you want to maintain your privacy for safety, but I'm assuming that it makes a difference where in Spain a home is located.
I don’t know what it’s like living alongside Romani people but everywhere they are in the world they are known for being tricky and for cheating people out of goods and money. I was approached by several and it always involved money. One typical example I heard of is one woman asking about the goods at a market while her partner swipes another product at the other end while the seller is distracted
My friend had his wallet swiped by Romani boys. He was lucky enough to be able to get it back and he was yelled at when he caught up with them and grabbed it back. He was “attacking” them. At the time one of them would ask for cash while the other goes for your back pocket or jacket pockets.
I didn’t hear of them being violent but they can be a nuance. They just live by a different set of rules and it involves a lot of dishonesty.
Yeah, I will say that I have some less than positive experiences, although I've never had anything stolen. At the same time, there are some wonderful Romani families on my street, so I try not to put all of them into the same box. There are certainly some who fit the stereotypes, though.
Leonab545 im Romanian im living in uk for the past 10 years and im preatty sure those ppl you met ,they are just the few couple hundrets ,thousands from our country who are known to pickpoketing ppl. They are harmless and they not make a good image for our country i know that but that not means because for 0.1 percent who pickpoket mean they are all the same. I can tell you to visit Romania and you will change your mind. Here in Uk we are now the second language spoken after english and the British ppl are very happy with us contributting to society,only good words about us. Don t let few romanians to change you believs about an nation. Trust me you can find other ppl from other european country more more more dangerous then those pickpoketing ppl and you can find them in Paris ,Bruxelles,Dublin,Amsterdam etc. Trust me. Most Romanian families are very well behaved. Go and visit the country and you will se im right and you will change the ideea about us 100%😁😄
@@gicacontra3951 Yea, I understand that Roma/Romani people are not all of Romania. They are all over the world and likely originated from Northern India. They were enslaved in Romania though, wonder if that’s where they take their name. Good to hear about your positive experience in the UK. I do have a disappointing story from someone I know who happened to get stuck at a Romanian airport and received terrible treatment. Everyone, including children, from the grounded airplane were not given beds, but had to spend the night in a bathroom to keep warm. It was so cold. By morning they protested and finally got an army pilot assigned to get them out in bed weather. They didn’t want to spend another day on the floor. It was decades ago, hopefully things aren’t the same now.
Ahhh...es una calle de romanis? No sabes donde te has metido 🤣😂🤣
Thanks!
Wow, Paul! I really appreciate the support! Thank you again!
You go girl! 😀 Nice find, but lots of work I'm sure. More power to you! Pretty soon you're going to own the whole block! 😉 We are figuring out tax burdens on moving to Spain. La mejor de las suertes para ti
Thank you so much for the encouragement! 😊
Congratulations! So exciting 🎉
Thank you! 😊
Congrats Nichole!. Well done
Thank you! 😊
Love love love this content!
Hi Lawrence!! Thank you! 😁
How do you only have 8k subscribers!! PLEASE keep doing it!
Congrats on the new purchase! I know you mentioned that some of the houses are narrow. Have you looked into buying 2 side by side and combining them?
Thank you! Yes, the first two I bought are side-by-side. But most of them aren't built with similar layouts, so in my case, the floors are not at the same level, and it would be pretty complicated. But for the right houses it's a good idea! Also, I'm not sure what kind of paperwork would be involved. The permitting process in Spain can be a pain. 🙂
I am very interested in buying an older townhouse in Martos, Spain, in order to make my retirement funds go further. The houses there in the older part of town are very much like these houses that you have purchased.
In the United States, I can't see myself ever being able to stop working. But in Martos Spain, I could own my house outright, have enough money in the bank, and be able to live on my relatively small Social Security check, which I am eligible for in 9 years.
Brilliant! Yes, I agree. It's nice to know there are places in the world where we can go where we don't have to work until we die. Spain definitely has a lot of options for a great quality of life at an affordable price!
@traveltomoney Thanks! Yes, I feel lucky to have stumbled upon inland Andalucia through a series of fortunate events.
I'm not sure I would take on the levels of renovations that you have, but luckily, I don't have to. Maybe just a few projects for myself.
I admire your sense of adventure.
There is a reason why the first two houses cost 20k and 5k euros. You will come to respect that reason. These are fantastic stories but very misleading. When you buy a house in Spain, you are buying more than the house...you are purchasing neighbors, convenience, amenities, and friends. And you will lose that tax battle - it is an old law - not new.
OMG have you done the trip to Spain yet? I am very interested!
How do you deal with the problem of someone occupying your house? I heard that is a problem in Spain.
Hi there! It once happened on my street during COVID, to the most vulnerable person who was away (a little old lady). Most homes in Spain have bars over the doors/windows. I know in a lot of areas of the US, you only see that in rough areas, but it's pretty commonplace in Spain. I also put an alarm in my house, and when we were installing it, we let it go off for a few minutes so that everyone knew. My street also has a WhatsApp group chat, where everyone communicates about what is happening on the street. I don't think it's an everyday worry for most, but it's good to have the things I mentioned in place so that when it does happen, your house is much less likely to be targeted.
Love this! Keep it up . Love the bargains 😊
Thank you!! 😁
When is your group trip to Spain? Vivian
Interested to know what area of Spain is this? I live on the Costa Blanca North.
Nice! You're not far from me then. My homes have been in Pego, just inland from Denia by about 20 minutes.
thanks for the video! how do you deal with illegal occupants? those who can just change locks and stay for years and heard difficult to evict them. this makes me hesitate real estate in spain
Hello! I actually made a video about that. These are my thoughts on the topic of squatters: ua-cam.com/video/p3CE4tL7M9Q/v-deo.html
@@traveltomoney thanks will watch :)
How much will restoration cost on all these?
Hi there! 👋 On the $9k house, I was hoping to spend around $20k, but we've taken on more projects in the house than originally intended, so I think the final cost will be closer to $40k. I'm tracking all of the expenses and will do a video on the cost when it's all done. 🙂
Where in Spain did you buy these houses Nicole? 🏡
My little town is called Pego, between Valencia and Alicante. 🙂
Why there out of all the places you could have chosen from? What else did you consider??? 🧐
Plus how much did the roof cost for one of your places? €€€
What city did you buy the houses?
The town is Pego. 🙂
Hi, i have 9acers of land with a building on in aragon spain thats currently listed at €35,000 , it has an olive grove on there and has beautiful mountain views over looking vineyards.
Would you be interested in possibly purchasing? As i have other commitments in the uk.
If you buy a property for investment, lets say rental or airbnb, how much taxes do you have to pay as a foreigner?
If you are a non-EU citizen, you are taxed on rental income at 24%, and you don't get to take deductions. Residents only have to report income once per year, but non-residents have to report every quarter.
@@traveltomoney thank you so much for your response. Excited to follow your journey too. I’m looking to get into the market. I work in EU but still a non EU citizen so quite curious with the whole process. Thank you for explaining.
Curious how the neighborhood looks like, people don't just give out properites for that cheap if there isn't a reason. Usualy not so desirable zones to live in.
Where does one learn how to renovate a property?
I'm learning through trial and error. 🙂
Where you referring to romanians? There is a difference between romanians and gypsies that come from Romania. Me as a romanian I can't get outside Romania without being looked down and considered a gypsy when it's not the case...
I would love to join your group tour when I visit
Hi! Where are thouse houses based? (what city/village/region) ?
Hi! They are in Pego, which is right between Valencia and Alicante. 🙂
Hi Nicole ! Congrats on your purchase. do you know of any distress properties in the town of Javea? Thank you
You will not find javea
i already live in the south of spain, where in the area couldi find a house at that price? is there a good website? where i live those type of houses have just squatters living in them
Great advice.
Thank you! 🙂
Hi Nicole I was travelling around Spain earlier this year in the Sierra Nevada region I would like to buy a place there do you have any advice please websites etc thanks
Thanks and Congratulations on your new home ! What about the cost of purchase (notary , registration, etc) in Spain ? Do you have an estimation and also how long does it takes . In Belgium for example it can takes max 3 months between the date of the offer and the signature.
Hi, and thank you! When I purchased my first house in Spain, we closed less than 60 days after I made the deposit, and just 30 days after I arrived in Spain. Depending on the property, it can take longer ... things in Spain aren't always fast. Last year, it took about 5 months to close on the $5,000 house purchase. Spain has a law that if an owner buys a property from the bank, if they decide to sell it, after they find a buyer, they have to first offer it back to the bank at the price they are selling it for. And they have to give the bank 2 months to respond.
I have a video about the step-by-step process of buying a house in Spain that includes the attorney and notary fees. Sometimes I have to watch my own video because I don't remember all the numbers. Haha. Thanks for watching!
@@traveltomoney good to know thanks for all the info
The 20k house, how much sqm? Planning the same
If I remember correctly, I believe it's about 100 sq meters.
Please how do u sell a house in Spain have been on the market since January but no buyer Please i need help in selling this property
Hi Nicole 👋 - I’d love to go on a group travel to Spain with you. 👍👍
Hi Mariela! Wonderful! I'm so excited!
show pics of the neighbourhood
Thanks for your content. I am searching for a home to buy in Spain. What is the city name where you buy?
Thank YOU for watching! The name of the city is, Pego. :)
@@traveltomoney thanks for your prompt reply. You are an amazing person
Hello, can you tell me where is that location?
Many thanks.
Hi there, this was in a town called Pego.
Where did you buy it?
did you ever find out?
Hi there. Planing to buy a house on the canary islands (fuerteventura)
Any advices? Have u checked out there a littlebit??
Great video.
Thanks for the encouragement, and thank you for watching! 🙂
What city is it please? Thank you great video!!
Pego is the name. 🙂
Could you have negotiated the house further from the $5,000. It does look like it will need a ton of work.
I doubt I could have gotten it any lower. The owner was already losing because he had already renovated the roof and the front of the house. 🙂
Can you help looking for cheap homes?
Great video I live in Motril Granada Costa tropical i bought a home 5 mins from the sea it's paradise 300 days of sunshine a year if anyone needs help let me know ❤️
Thanks for watching! That sounds fantastic!
Not enough homes in Spain for the Spanish?? I thought there are zillions of empty ones...
There are thousands of houses in the countryside for sale but not in the cities with the jobs
Hi Nicole. I would like to contact you. How can I do that?. Am travelling to Spain soon.
I think that those people may visit your house when you're out and empty it .
So you can stay there just 90 days a year.. im from Puerto Rico 🇵🇷 but living in South Carolina . I heard about we can have double visas
Hi there! You can stay 90 out of every 180 days for a total of about 6 months per year.
@@traveltomoney thanks!!! I hope you having a great afternoon..
How exciting. Can't wait to see the process. That law though? uff
Thank you! 🙂 And yes, that law was a shocker for me. Lol
Una casa por 5.000€? Aunque se tenga que renovar, si esto fuera verdad en España no tendriamos problemas de vivienda por culpa de la especulación inmobiliaria. Esto no es cierto.
how much will you be selling your first house for? ive been looking at Pego after watching your videos
Hi! Just subscribe to your channel.
There's some crazy laws in Spain.
Can you give me any information on
Subsections taxes or Impuestos de
Suceción. For example if you buy a
property and want to leave it to a family member. Sometimes are more than the
Property cost and if you aren't careful
the government can keep and sale it.
I read some horror stories about this.
Anything you can tell me I really appreciate.
Aida Saludos! Desde Washington DC.
Hi there! I could ask my attorney more about it, but when I bought my first home, I wanted to leave it to a specific person who was not a family member. My attorney drafted the paperwork ... basically, it's like a will specific to the house. It cost me about 150 euro to have it prepared.
Why do you by houses in Spain when you can by there all villages, half Spain is to sell because no one wants to live there, only the coast is interesting.
In Spanish, the word 😮gitano, is NOT, considered despective.
correcto
Which city is this houses
Pego is the name of the town. It's right between Valencia and Alicante.
@@traveltomoney I’m an American ex-pat living on the Costa del Sol for 21 years. I get it you bought the property is really cheap, But You mentioned that the street is 50% Romany And After you’ve finished your renovations, Has crossed your mind that Someone will break into the house property with Kids And occupy it? As you know, squatters have more rights to your property than you do once they’re in it And I think you should’ve mentioned this your video. It wouldn’t surprise me if half of The non-Spanish on the street have already occupied/Squatted The houses they are living in and not paying any rent, taxes, or anything.
People ask me about squatters a lot, but I haven't found it to be the problem that most people think it is ... or at least in our area. I can't speak for all of Spain. I've had homes on the street for six years, and the other half of the homes are owned by expats. There has only been one squatting instance on the street, and it was specifically during Covid. I think in general, even though Roma people live on the street, they're not all trying to piss off their neighbors, and many of them live lives just like any other family, working normal jobs and kids in school. I have positive relationships with many of them, and they've been really helpful to me many times. Additionally, all of the expats have a group chat, and we all look out for each others homes. I think any homeowner anywhere in the world should take precautions to make sure their home is secure and protected, but I don't think we've got a major situation here.
That’s great that all the expats on your street Watch over each other’s homes with the group chat. unfortunately, most people have to pony up the cost for a monitored alarm system because this is the best way to prevent squatting. Probably not everyone reading this comment knows the law regarding this, but as you know, you’ve got 24 hours to report squatters in the property and the police can remove them, otherwise they have the right to the property. It’s unfortunate that property owners lose the rights to the property so easily in Spain. It baffles my mind being an American that this happens. On the plus side, we don’t see lots of homeless people in Spain, actually very few. This is how the government Sweeps it under the carpet, unlike in the US where you’re served with a three day notice to move if you haven’t paid your rent in most states.
Hi would you be open to having a quick conversation? I had a few questions I wanted to ask you.
I am moving to either Spain or Portugal from Canada. The Spansih real estate market seems 'ripe for the picking'. Luv hear back from the creator...
What's up, Mark! Thanks for the comment! Spain and Portugal are both awesome choices. Personally, I think Spanish is easier to learn, but in Portuguese cities, English is widely spoken. There is more bureaucracy in Spain around buying a house, especially if you want to do renovations. Either way you go, it will be an amazing adventure!
@@traveltomoney I had a plan to invest in the Portugal Cultural Golden Visa plan, 200 euro, so I can get my passport, plus work in Portugal sometimes. While living in Valencia, pursuing my Spanish Residency. After spending time in both countries about 10 years ago, Spain appeals to me slightly more...but that could change after spending next winter around Portugal/Spain.
Please help us find a hoise im the La Riona area!! 😊
I want to buy
Great channel do you speak Spanish?
Thank you! I'm not fluent in Spanish yet, but I'm learning and hope to be one day! 🙂
I just want one house
50% annual property tax?? Run like the wind...
Hi there! No, it is not an annual property tax. It is a one-time purchase tax.
It’s not 50% property tax, is 10% one time tax when you close
Romania💋❤💋❤❤🎉
🇱🇹👍👍👍✌️✌️✌️
Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies... I would greatly appreciate any suggestions.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
that's impressive!, I could really use the expertise of this advisors , my portfolio has been down bad....who’s the person guiding you
Jenny really seem to know her stuff. I found her website, read through her resume, educational background, qualifications and it was really impressive. She is a fiduciary who will act in my best interest. So, I booked a session with her
Yeah you can get a house for 5000 in the middle of nowhere
Haha. I think you and I have different definitions of "middle of nowhere." I've driven from Cairo to Hurghada in Egypt, so I'd say a town with 10k people, 5+ grocery stores, lots of restaurants, surrounded by mountains, an hour drive from 2 different international airports, and just a 25 minute drive to the beach is in the middle of somewhere, but not nowhere.✌️
that is a capitalist strategy. It is not necessary to have 3 houses in order to earn more money, from a country that is not yours and create housing insecurity for the Spaniards?
Let me just take a moment to answer the questions that you didn't take the time to ask: 1. I didn't buy up a bunch of houses to make a profit. I sold my first two to pay for the renovations on the third, just like any normal person who sells a house and buys another. 2. I live on a street that the Spanish refuse to live on because they're too good to live next to any Romani's. 3. There are TONS of empty houses in these towns that need renovations. Renovating a house there is often as much or more than buying a house that is ready. 4. The small towns are dying because young people are moving to the city. The Spaniards of my town have just developed a plan to build a road directly to the beach because they need others to cone in and buy homes in the town to keep it alive. This is directly from my Spanish attorney.
So, thanks for your assumptions, but maybe next time, you should ask questions. Keep spreading that kindness.
never buy in a slum
What a disaster
Im ok with financial freedom but why couldnt you just stay away from real state? you are contributing to price rising and what is worse, you are doing it in another country taking advantage of salary differences
Ya know, I've had to come to terms with the fact that I just can't please everyone. I have to know what my values are and the story behind why I make the decisions I do. If you dug a little deeper, you'd learn that I bought houses in Spain that no Spaniard will touch. The street I'm on is beneath them. But in truth, even if it wasn't the case, I don't have a problem with it. Every country has the right to regulate real estate the way they see fit that is best for their people. If it's not best, they can change the ability to purchase. And, although I don't believe there is only one side to the coin, I think it might benefit you to see the value that people from the outside can bring when they spend money at all of the local businesses owned by everyday locals. It may not be a zero-sum game, but there is a lot more than just buying a house to take into account and shaming every person who legally buys a home. I can't afford a home in the US, so I found a place in the world where I could own something without being in debt for the rest of my life.
@@traveltomoney I understand your situation but the problem is that doing what you are doing you are slowly forcing us in the same one. I agree that the government could regulate it but I am speaking about being ethic.
By the way, just to clarify why we in Spain are forced to pay that 10% over a minimum amount, the reason behind that is that we pay taxes to inherit or to give those houses. If you paid 10% over the buying price, people would "sell" their houses to their children, for example, at 100€, paying 10€ taxes. This way we disuade them from doing it. But yes, it is a pitty for people like you, since you are obviously not doing something like that.
I just wanted you to understand that encouraging people from US to come here is bad for us spaniards. Keep in mind here a 30k salary is a good one (a decent one i mean) so we just cant compete with your purchasing power.
Oh stfu, who are you to tell anyone what they should or shouldn't do?
Are you really moaning about creating price rises on a 9k house ? 😂 Its far better to have a house renovated and inhabited by renters who will contribute to the local economy than have it sat there empty and derelict. Yours was a scarcity mindset comment.
@@marioperez6180 she can do what she wants... Stop being tyrannical
You're crazy
Livin' la Vida Loca.
Am Spaniard and get to know what are your plans with those homes you just acquired ? Btw, you coming over here again, let me know. Cheers.
Euro or Doller