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Should I open a B&B or purchase a property to rent out?

Re: Should I open a B&B or purchase a property to rent out?

Postby Delutina » Tue Sep 13, 2016 4:54 pm

It's interesting to read the different viewpoints. I think for me, a property that I can rent for part of the year will be best but good luck to anyone who decides to give a B&B a go in the area.
Delutina
 
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Re: Should I open a B&B or purchase a property to rent out?

Postby DTR » Wed Sep 14, 2016 11:54 pm

Tootandploot I could be interested in your yield calculations and maybe even many more people on this forum. What do you propose, share it with us? Newchocs summed it up, he/she is very clever and seems very knowledgeable. B&B all day long, Benijofar is a town on the rise, the town hall is investing where as Quesada it seems is festering! It's a shame as it could be so good.
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Re: Should I open a B&B or purchase a property to rent out?

Postby Tootandploot » Fri Sep 16, 2016 6:55 am

DTR I am not sure I understand your post? Where are the comments from Newchocs you refer to??? No magic formula, you look at the likely purchase price and estimate the rental and that should enable to you calculate the Yp in a percentage.
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Re: Should I open a B&B or purchase a property to rent out?

Postby freddo » Fri Sep 16, 2016 4:45 pm

I know of a Hotel/B&B for sale with all licences 6 double rooms 2 Key rating price 179,000€
ready just to open and trade not too far from Quesada pm for more details
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Re: Should I open a B&B or purchase a property to rent out?

Postby DTR » Fri Sep 16, 2016 8:40 pm

Delutina you go for it. You'll be the number one b&b in the whole area. Every Google search for b&b Quesada will come to you. Property searchers don't want cold hotels but would rather like to stay in a villa or property similar to the one they intend to buy. I know of people that would be happy to use a b&b in the area.
DTR
 
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Re: Should I open a B&B or purchase a property to rent out?

Postby newchocs » Fri Sep 16, 2016 10:04 pm

:text-goodpost: Totally agree!
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Re: Should I open a B&B or purchase a property to rent out?

Postby Lawrie15 » Wed Oct 05, 2016 5:50 pm

My wife and I opened a B&B in El Galan and it has been very successful, there are very few in the Torrevieja area, you should go for it if you can find the right house.
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