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mortgage for Spainish property

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    #21
    Originally posted by northernladuk View Post
    Just a side note, the friend I mentioned that gave his back a couple of years ago also bought on in Florida and he says it's worked very well for him. About the same price (probably due to Spanish boom a the time thought) and it's bringing in a tidy profit for him. I wasn't interested in a property so far away as I wanted to visit it fairly cheaply but it shows there is money to be made...just not on the Spanish coastline.
    I know a few owners over in Florida and they are struggling to turn a profit so your friend must be doing really well.

    One owner who we have rented off a couple of times is basically just breaking even.

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