Rental Property Investor 路 Madrid, Community of Madrid 路 Member since 2021 路 9 posts 路 2 votes
I'm asking this because all the books I'm learning from are American and in Spain it's more difficult to learn... Anyone here investing from abroad?? Any recommendations?? Thank you so much guys!!! 馃榿鉂わ笍馃挭馃従
Real Estate Agent 路 Springfield VA 路 Member since 2018 路 479 posts 路 400 votes
5y
@Alejandro L贸pez Hi Alejandro, I鈥檓 from Spain feel free to reach out with a message and I鈥檒l give you more info. As far as I know, It is tough for foreigners to invest in the US because generally you need to put all cash. Banks won鈥檛 give you financing if you are not a citizen/green card or have a work permit. There are some Spaniards I know that are trying to get in the US market but they are using cash. Hope it helps. Joaqu铆n
With absolutely no intention of being rude, your use of "EEUU" instead of "USA" in the subject line means you have a long way to go in terms of learning the lingo. It is definitely true that credit is much more free-flowing in the US, from credit cards to government backed loans, etc., but unfortunately you would not be able to benefit from any of that living abroad.
As an American living in Spain, the roadblocks to real estate investing here can be frustrating. However (and this is my humble opinion), it is much less risky to invest in a rental property in Spain than try to invest in and manage a property from accross the pond (even for me, a US citizen with access to credit in the US market).