Wholesale in Europe, The Netherlands

[Ramysh Bito]

Hi, My name is Ramysh Bito and I am 26 years old. I am on this forum for two months now and have been learning a lot, but still have questions. Most posts are in America. Is there someone living in Europe or The Netherlands that can help me out? I want to start wholesaling here. I have bought the book of Nick Ruiz and Ken McElroy to educate myself more in Real Estate. I am also working on my buyers list, but don't know very good where I can find the right buyers. Anyhow, I will continue to network and search for them. Then I need Motivated sellers, but I really don't know how and where I can find them! Does anyone has some ideas? I want to network with people in Europe! So if you are here, lets contact! Kind regards Ramysh Bito

[Melissa Utzinger]

Ramysh,

Send me a private message if you want to share your phone number. 

In Holland renters have really strong rights where if the tenants lease is up but they still pay you cannot remove them easily or at all.  I've heard of people having to pay the tenant 10's of thousands to vacate so they can sell their property.  Plus to legally rent out your place Holland strongly regulates rentals if you have a mortgage.  As in the link you've sent you need to list your home for sale for at least 6 months prior to listing it as a legal rental and have 70% equity (I thought some banks require more but okay) in the property.  I've heard of banks also getting involved in regulating how much you charge for rent as well.   I'm not sure if this is the same for commercial lending but something to look into to.  Many homeowners illegally rent there properties out in Holland but that can also be a little risky if the bank finds out they can require that you sell the property. 

It's becoming really popular in Holland to rent rooms out via AirBNB, however cities are starting to crack down and regulate so if you were thinking of doing this just keep abreast of city regulations. 

I fly back and forth because I really enjoy living in Holland but my family and real estate investments are in the USA.  It's always a constant battle finding the right balance as an expat.

Regards,

Melissa