Newbie from Norway, wanting to invest in the UK

Newbie from Norway, wanting to invest in the UK

Drammen · Member since 2014 · 4 posts · 2 votes

Hello everyone, 

My name is Bart Weeren, I am bit of a traveler type of person, I am originally from The Netherlands, I am currently living and working in Norway. In the near future I will be moving away from this beautiful but icy country. I will be moving towards UK, London.

I have never been a big spender, I saved a bit of money for myself. Now after reading some books, it seems the best thing to do with the money I have, is investing it into real estate. Me and my girlfriend actually love the idea to invest into a property, refurbishing it and renting it out. I would just like to learn the best ways to do it! :) 

I have read the following books:

  • The ultimate beginners guide, bigger pockets
  • Rich dad poor dad, Robert Kiyosaki
  • Cashflow quadrant, Robert Kiyosaki
  • Unfair advantage, Robert Kiyosaki

Also i have attended a three day seminar from BrickBuyBrick, the information i acquired from the seminar was "ok", they tried promoting their mentor services for a crazy sum of money. I felt there was a cheaper way of learning how to get into real estate investing, so I stumbled on this lovely website here. 

I will be trying to learn as much as I can from you guys and the website.

My short term goal is to successfully go trough the experience of buying and letting my first property. Hopefully I can find some people that have been or are willing to share their awesome first time experience in buying their first property

Thanks for reading,

I will be actively browsing the website/forums to obtain awesome info.

Bart Weeren

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Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
12y

@Bart Weeren 

Welcome. Did you consider investing in the US. Time to build the foundation below.

Check out the Start Here page http://www.biggerpockets.com/starthere

Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 80 past ones to catch up on.

Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good luck

Paul

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  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    12y

    @Bart Weeren 

    welcome to the site.

  • Jean BolgerPro Member
    Aurora, CO · Member since 2012 · 2k+ posts · 1k+ votes
    12y

    Hi Bart! I have a good friend who lived in The Netherlands for ten years or so back in the 90's. The Kiyosaki books are great for inspiration, but just remember that they are all based on the American RE markets and tax codes. I'm sure you've already started looking in to what would be different in Britain. As you probably know, property values around London are super high, but the rents are super high too. I don't know what the economics of rentals are there, but I would guess that buying a two-to-three flat and living in one of the units would provide similar advantages to doing the same in the US. I haven't seen many UK investors on the forums here, but perhaps there are some that will turn up that can give you some good info. 

  • Amsterdam, Noord-Holland · Member since 2013 · 75 posts · 26 votes
    12y

    Hello Bart, for a beginner's guide I prefer Gary Keller's (c.s.) books.  Check www. KellerINK.com. Groeten uit Amsterdam.

  • Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
    12y

    @Bart Weeren 

    Welcome. Did you consider investing in the US. Time to build the foundation below.

    Check out the Start Here page http://www.biggerpockets.com/starthere

    Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

    Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice. And you get the benefit of having over 80 past ones to catch up on.

    Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

    You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

    Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

    http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

    Good luck

    Paul

  • Drammen · Member since 2014 · 4 posts · 2 votes
    12y

    @Jean Bolger 

    Yes, they are actually based on the American markets and tax laws. Although the books learned me to get me into the correct mindset about money, so in that way it did help me get my first steps in the right way. London is really expensive at the moment, I will most likely have to curve away from there.

    @Erik Noordam 

    I'll check it out :) 

    Bedankt! 

  • Drammen · Member since 2014 · 4 posts · 2 votes
    12y

    @Paul Timmins 

    Good stuff Paul, that will keep me busy for a while. i'll get right too it! 

    Thanks allot.

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