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Updated about 2 years ago on . Most recent reply

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47
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Ali Nurmohamed
  • Investor
5
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47
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Is 5k enough to get started in real estate

Ali Nurmohamed
  • Investor
Posted

Is 5k enough to get started in real estate?

I currently live in the Netherlands. And have 5k I want to get started, but I am 18 years. 
Over the past year I’ve tried to absorb as much knowledge as I can. But getting a loan in the Netherlands is quiet different than in the USA. You have to go to a real estate bank and have to pay the loan bank in 5 years when investing in commercial and 10 years when investing in residential.

I’m willing to invest outside of the Netherlands, but my questions still is is 5k enough?

Most Popular Reply

User Stats

184
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147
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Alex Ramirez
  • Rental Property Investor
  • Houston, TX
147
Votes |
184
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Alex Ramirez
  • Rental Property Investor
  • Houston, TX
Replied

@Ali Nurmohamed, Hello. Don't let others discourage you. If I was living in a foreign country and wanted to invest in the United States, I would start networking with people and get into a partnership with somebody here. Maybe you can partner with that person and start a wholesaling company here. That person will be boots on the ground and you can be in charge of all the marketing, financials, cold calling, etc. It is all about getting creative. Best of luck to you!!

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