Juan Carlos bought his first flat in Spain at the age of 26 and, in just two years, he has already gathered 12 properties. He himself claims that he only invests if the minimum profitability is 10%.
According to El Comercio, civil engineer Juan Carlos has amassed 12 properties in Spain after starting, at the age of 26, with the purchase of three flats. The young man explained in an interview that his goal is to have control over his time and to make decisions without depending on imposed schedules.
In his strategy, Juan Carlos looks for municipalities with more than 50,000 inhabitants that have a hospital or a university. After studying several locations, he chose Alcoy, a city of about 60,000 inhabitants, where he has continued to expand his assets.
“For me, the real estate sector makes no sense if it doesn’t have a minimum profitability of 10%.”
As an example, the investor cited a property purchased in May 2021 for €36,500, which he currently rents for €400 per month. He recounts that all the properties he has acquired had tenants the day after the purchase.
His sixth property cost less than €40,000. After renovations, he estimates that he will be able to rent it for €425 per month, which would give him an estimated profitability of 15%.
The largest operation was the purchase of an entire building to convert it into five rental studios. Juan Carlos spent about €40,000 on the property and €130,000 on renovations, totalling €170,000. Once the project is completed, he estimates earnings of around €2,500 per month for the whole.
“For me, the key to everything in the sector is perseverance.”
The investor insists that not all operations go as expected, although he believes that this does not mean abandoning goals. He recommends setting clear objectives and maintaining ambition.
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