New to Real Estate · Geneva, Switzerland · Member since 2020 · 3 posts · 0 votes
Hello,
I am a 17-year-old student looking to start investing in real estate as soon as possible. I currently live in Geneva (Switzerland) where prices are generally very high (average price per foot being approx 1330 $ in the city center) and there are strict lending rules for mortgages. I am planning on following school and going to university meaning I would finish studies at the very least at 24 years old, but I would like to start investing before then to not waste any time.
Here is my issue, I am not sure how to get a loan or how to raise enough money to be able to start investing by a younger age. I have estimated that by the time I am 19 I might be able to have approximately 25k-30k $ to invest but without a full-time job, it would be almost impossible for me to get a bank loan. So I am not sure how to get started in this field, does anyone have any suggestions or resources that I could start looking at?
I have worked with a number of foreign investors. DM me and I can answer any questions from our experience. Lending is usually the trickiest part but there are many foreign investors successfully investing in the US.
I am a beginner investor in the United States. I am 21 years old just coming out of Undergrad and trying to begin my investing career while starting a PhD program. I'm not sure how much things will differ in Switzerland but one of the problems I ran into out of college was getting a loan with not enough consistent job experience. I was told that if I had found a job during undergrad and worked there for at least 2 years consistently, I would have been able to get a conventional loan a little bit easier. Since then I have been able to get a loan but I thought it might be useful to share that information with you! Best of luck!
It is exactly what I am trying to figure out. I guess to be able to get a conventional loan I would have to be able to balance studying and working for some time or maybe take a year off and work a 9-5 and see what I can do from there.