Financing as starter

[S Zengin]

Hi everyone

I am a new member on this forum, I joined to learn new things about real estate an am excited to get to know you all!

I am currently preparing to start out my real estate journey and am planning to buy my first property this year. I have learned a lot about real estate in the recent months, from leveraging to types of mortgages etc. I am really excited to begin my journey. However, recently when I was beginning to finally start I came across an unexpected problem.

In my country(the Netherlands) there seems to be some sort of a rule in which real estate beginners can't 'just' get a loan quickly because lenders fear that the borrower wont pay back because of lack of experience. Normally, when someone applies for a loan to finance a property, the lender would primarily look at the property which is being financed and the revenue it can generate instead of looking at the financial situation individual itself. But in my case, because I am a beginner, they will look at me too. Or to be more precise, they will check my monthly income too.

So here is the problem: I am currently still a student and unemployed. I have however, through crypto investments, made good money. So I do have the means to make lets say a down payment of 20-30% on a property worth 200k. But I just cant get a loan.

A more experienced professional who owns lets say 2 to 3 properties can much easier apply for a loan because they look more ‘trustworthy’ for a lender. But in order to be a professional real estate investor I need to get some loans to help me out in the beginning in order to reach the level of a professional in the first place. So I am kind of stuck.

They have told me that one way for me to still get a loan is through private investors. So what they could do is link my project to other investors and ask them to lend out money to me. In general this is not a bad idea, but the only problem is that they ask for much higher interest rates(4-6%) than the usual 2-3%. This kind of ruins my cash flow I calculated.

I am wondering what I should do next. I really dont want to stop at this point because I really want to continue my journey, but on the other hand my loan applications have been rejected a couple of times. Is there a way for me to get a loan despite being unemployed? Thank you.