All Forum Posts by: Angelo Van

Dear people,

I'm a fairly new user here and if you like to know a bit more about me I encourage you to click on the link below.

https://www.biggerpockets.com/forums/55/topics/656...Introduction

That being said I am a bit lost. I'm listening to podcasts, reading articles, reading posts, reading books from the BP community but also financial theory etc. As always there is a lot of contradicting advice which is logical since we all live in different parts of the world with different skills and situations. 

However I tried to come up with a plan myself as I don't want to be that annoying newbie that asks these horrible open questions as "what should i do". I try to build a plan that is pretty solid and low risk for a newbie. Once i have proven to myself I'm made for this world and feel i have the confidence I can try out something else. But for my first investment I like to keep it simple even if it means it will yield a bit less than a higher risk property.

I have no detailed or specific plan yet but after some initial reading and own thoughts I was thinking of the following.

-Rental properties

-Single families

-Medium sized city in my country (~150-300k)

-City must have a university.

-Buy and hold

-Either families or students

-Take it slow on rehab

-Partner up with my friend

Let me try to reason my choices. 

I chose single family dwellings as I have little to no experience at all and it will be hard enough to finance a single family dwelling let alone a multi. I chose medium sized cities in the hope they are less prone to vacancy (we have some areas that vacant due to no education and ageing of the population). On the other hand I feel medium sized cities are less susceptible to bubbles (i.e. Amsterdam). Furthermore due to the potential target group and vacating I think it will be good the city has a university for future growth and appreciation of the city. I prefer a little distress but nothing I can't handle. As I told im just starting out and want to try slow and safe even if this means this property won't make as much as a successful rehabbed place. Then I want to partner up with my friend to get the down-payment and share the workload in our spare time. Not sure though what is wise to do here. I read Brandon's advice on LLC's. Sometimes it's not worth it. It's just a general outline of my plans here. I'd love to hear any comments.

My plan is flexible and is open for modifications as I progress with my life. I hope you guys can give me some advice on my plan and if my reasoning makes sense. I see myself as rational and rather doom scenario than dream scenario thinker but my enthusiasm can motivate me to still find a good deal. My partner is the complete opposite which I hope will be a good counterpart.

Thanks for the help in advance!

Regards,

Angelo

Hello people!

I'm a brand new BP user and registered after reading the book on rental properties by Brandon.

My name is Angelo and I'm a 27 year old guy from the Netherlands. I expect to graduate within a few months. My master's is in real estate development / management. I'm planning to work for a project developer as my day time job to pay off my loan and save money. I used to study architecture but I found out I like the role of developer more in the entire real estate/construction process. Me and a friend want to invest in real estate. However we both need at least 3 more years to get our stuff in place (think day-time job, living, finishing education, paying off 50% of the study loan etc.). However we both think it’s never too early to explore.

I'd love to come in contact with either Dutch or any helpful investor that finds joy in guiding newbies like me with realizing their dreams. Don't worry I'm not asking for strong guidance or asking you to tell me what to do. I'd just love to come in contact with some of you here and just exchange some stories, experiences and methods. I think that's something that would help me out great.

PS, I will outline some of my ideas/plans in the getting started section and love to hear your comments.

Have a great one!

Angelo

Is this Dutch BP group still active? @koenvandenbemd

@Angelo Van angelo sorry for the spelling mistake. *opportunities.

Hey guys,

I’m fairly new here but have a background in real estate as a student. This forum is great especially for the USA. However I’d love to get in contact with Dutch or Belgian real estate investors to discuss and exchange thoughts on Dutch investment oppurtunities.

Angelo

Im very very new to this, yet very interested. I myself have no RE yet but i have some money at an investment bank of which 5% is RE. The overall portfolio did not make profit this year. Not sure whether RE contributed negatively or positively to the overall result, but maybe it’s just not a good year. Were your results better last year too? Mine were positive last year.