The title is irreverently direct, and the content lives up to that promise: Eduardo Molet, with over thirty years in the Spanish real estate sector, writes this book not to inspire but to protect.
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Real estate consultant Eduardo Molet, with three decades in the sector, catalogues the most costly mistakes novice Spanish real estate investors make and how to avoid them: buying without due diligence, overpaying in hot markets, underestimating renovation costs, ignoring rental law, and trusting agents without verification.
The title is irreverently direct, and the content lives up to that promise: Eduardo Molet, with over thirty years in the Spanish real estate sector, writes this book not to inspire but to protect. Its structure is a catalogue of real mistakes made by real investors, explaining in each case what signals were ignored, what calculations were wrong, and what the consequences were. That «mistake manual» perspective is unusual in the genre and refreshing: reading others' failures is more instructive than reading others' successes. Molet covers legal due diligence, overestimation of yields, choosing areas with declining demand, and managing rental contracts from a position of practical, not theoretical, knowledge. Its main limitation is that the cases described correspond primarily to the Spanish market over the past two decades, with legal references that may have changed following reform of the Urban Leasing Act. For the investor already considering a specific transaction, this book functions as a risk checklist before signing.
For the real estate investor in the due diligence phase before their first or second transaction; especially useful for those who tend toward optimism and need a practical scepticism counterweight.
FactEduardo Molet has over 30 years in the Spanish real estate sector and has participated in hundreds of transactions as a consultant, according to his published biographical profile.
