Hey everyone
As said in the description I have got some questions about the Danish market. Especially any laws, that change the way you can run a Real Estate business in Denmark.
I am 17 for a few more months, but I am lining up to purchase my first deal when I turn 18 - an already rented SFH from my granddad. He is not that knowledgeable on the Real Estate business as he has had the same tenants for 10 years and they just recently moved out. I am looking to purchase, rehab and rent it. I got around 40% cash for it, and I hope to be able to apply for a loan for the remainder. I saved some extra since I am only 18, when I apply, so the bank properly wants to be more secure. Besides that, I am purchasing below market value.
Does Denmark have any special rules I have to be aware of before moving forward? I read a ton of books on the subject and most of the advice around the law is to get to know the rules in your local state. As I am not in the US I want to know the danish rules.
Bonus question: Have any of you had success buy&hold investing in Denmark with little to no money? (not flipping or wholesaling) And what is your opinion on the Danish market right now?
- Victor
