Why we closed two deals last year in France

Now, you are probably wondering: why on earth would they invest when a crisis in real estate was coming, why would they buy two properties (like one was not enough already…) and why go to France? Well, here are the answers you are waiting for!

First of all, we were very decided to make our first investment. We were very excited, despite the administrative obstacles to overcome, and we just couldn’t wait! But more seriously, although we knew that prices would probably go down in the years to come, we weren’t concerned because we were investing for cash flow, not for capital gains. The fact that a property’s price goes up or down is relevant if you plan to sell it, but if you plan to rent it and make cash flow this way, it doesn’t matter that the price goes down later, as long as the purchase price is low enough for you to make monthly cash flow.

The reason why we bought two properties is simply because a good deal presented itself just after we agreed on buying another property. It was too late to back off from the first one so we did our math and decided to go for the second one too. It actually turns out that the second one was in much better shape and much cheaper so, I don’t know if we should regret not having found the second one before the first one or be happy for being able to make it and buy both eventually. Anyway, the reason why we bought two properties was just opportunity.

Opinions vary but it’s usually said that when you start investing, you should invest close to where you are living. The problem is that Fred and I move around Europe a lot and we are from two different countries. Since the place where we live keeps changing, we thought that the next smartest choice was to invest in either his region of origin or mine, because we go back to visit family and friends regularly and we know the areas. As real estate in Spain was overpriced while real estate in my region of France was very accessible, we decided to look for a property in my town.