International House Hacking

[Cole Britting]

Hi everyone,

One of my goals in real estate is to not only house hack in the US, but house hack in Europe as well. I am in college right now and am hoping to get a remote job in the future where I can make this possible (thanks to the 4-Hour Workweek). Ideally, I could move back and forth between two homes yearly or every couple of years.

I'd love to hear anyone's experience with this strategy, or any strategy involving international real estate in Europe that is also used as a second home. 

Thanks!

[Mauro Neves]

Hello,

Regarding loans for foreigners by local lenders in Portugal, actually its possible to get a mortgage but normally banks demand a minimun of 20% down payment on the property. 

I have Portuguese nationality but have been living in Angola, and I have angolan friends that bought properties in Portugal with loans from local banks there.

Im a non resident in Portugal, and I have 3 loans (mortgages) and I had to put between 20-25% down in all of them.

Banks like Millennium BCP, Santander Totta, Novo Banco, have this type of solutions.

Regards

Mauro Neves