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Updated over 5 years ago on . Most recent reply

User Stats

6
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1
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Johan Annema
  • Rental Property Investor
1
Votes |
6
Posts

Need advice on from people!

Johan Annema
  • Rental Property Investor
Posted

Hello everyone,

I am Johan Annema, a 21 year old guy from The Netherlands and I am very new to real estate investing. I just finished the book from Bigger Pockets; The book on rental property investing by Brandon Turner. I am working as a truck driver and am able to save around €1700 euros on average per month and I could buy a property within a year. My goal is to eventually quit my job and be able to travel the world through (semi)passive income through the rental properties. Now I am torn between 2 ideas which I thought some people on this forum might have some advice about. In the city where I live(with my parents) there is a huge demand on housing for students. The first option is to purchase my first property, I am thinking about a 3 bedroom appartment. I will live in 1 room and rent the other 2 out and I will be able to live for free and make a tiny profit and Ill be able to build my real estate portfolio from there. The second option is that I will save up around €20,000, sell my car, which is worth around €5,000 and quit my job and go backpacking for a year in Middle and South America, New Zealand, Australia, and Asia. After I return in about a year or so I want to get back into my job as a truck driver and start saving up to do the house hacking and acquire more properties.

I am not sure what to do and was wondering if anyone wanted to share his or her opinion about it. Excuse me if my english is not 100% correct, english is not my first language.

Most Popular Reply

User Stats

1,518
Posts
812
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Hadar Orkibi
  • Rental Property Investor
  • USA / NZ
812
Votes |
1,518
Posts
Hadar Orkibi
  • Rental Property Investor
  • USA / NZ
Replied

this is a decision you have to make wit yourself.

if you get in to a 3plex for example and the tenants pay your loan and maybe cash flow is doesn't matter if you are away or not isn't it??? 

  • Hadar Orkibi
  • Loading replies...