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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?
by 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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- Joined: Mon Sep 12, 2016 5:03 pm
Re: Should I open a B&B or purchase a property to rent out?
by 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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- Which part of Spain are you from?: Quesada
- Gender: Male
Re: Should I open a B&B or purchase a property to rent out?
by 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?
by 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
ready just to open and trade not too far from Quesada pm for more details
- freddo
- Posts: 1144
- Joined: Fri Jul 11, 2014 6:14 pm
- Location: Partida Daimes near Elche
- Which part of Spain are you from?: Partida Daimes Elche
- Gender: Male
Re: Should I open a B&B or purchase a property to rent out?
by 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?
by newchocs » Fri Sep 16, 2016 10:04 pm
Totally agree!
- newchocs
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- Which part of Spain are you from?: Rojales
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Re: Should I open a B&B or purchase a property to rent out?
by 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.
- Lawrie15
- Posts: 42
- Joined: Mon Mar 23, 2015 1:20 pm
- Which part of Spain are you from?: El Galan
- Gender: Male
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