All Forum Posts by: PJ Boxel

Hi Harold, 

Thank you for your reply! I appreciate it!

1. I am planning to start my real estate journey in the US within the next 6 months.

2. As for now, I am very active in my current real estate in Spain, but I am also planning for property management (if that's what you mean). I am living in the Netherlands, so it will be a long-distanced real estate investments.

3. I did own single family homes and I am planning on buying multi family in the US!

After owning real estate in Spain for several years, i decided to sell my portfolio and come to the US to start my real estate investing journey here. 

I have been reading and listening to many books and podcasts as possible, in order to get as much information on the US real estate market as I could. However, I am not quite sure where to start or with which specific strategy..

I found my interest in the BRRRR-strategy and multifamily deals. I have a budget of a couple of hundreds thousands.. What would you advice to start with?

- Multi family with conventional loans?

- Multi Family Cash payment?

- Multi Family BRRRR

- Start smaller and start with single family or duplexes, etc?

- Single family BRRRR

I am currently living in the Netherlands, so I would need to build a very solid and trustworty team. I also assume that househacking is out of order?

I want to get the most out of my budget, as this is a one time shot. 

Thanks in Advance!

Thank you very much Charles! I appreciate it, send you a DM

I have a problem! I want to start investing in the American real estate market, but I already face myself with the problem of an ITIN number request..

I am from the Netherlands and have no income from the USA (yet). I did some research and the first thing I found, was that I NEED an ITIN number to get started and to buy a property. But in order to get an ITIN number, you need some sort of income from the USA that are TAX related or you need a business. 

I was thinking about an LLC as a solution. Is it always this hard for new foreign investors to get this tax number? It looks like a dilemma to me..

is there any personal financial advisor, broker or investor who can help me?

Am I missing something?

Hi Jose! 

I am also invested in Valencia! It is very hard to find investors on BP who are invested outside of America, let alone Spain! 

I am very curious about your investments and maybe we can exchange some contact and info! Let me know, you can always send me a request! 

Hi! To be honest, I found that a deal is FAR more important than bringing cash to the table. There is unlimited cash provided by unlimited investors, but a great deal is hard to find! (Although, I found that the best deals are created, not found). I always find the money when I have an amazing deal. 

In my opinion, you have 3 parts: Money, People, Deal (this by the way, is a book written on this topic by Stefan Aarnio). Once you have 2 of the 3, the third (money) will almost always follow! 

So go and find amazing deals and try to connect with as many investors as possible in the mean time! 

Thank you so much for your reply Scott! These are some helpful tips, which I will keep in mind in my upcoming real estate journey. ~to be honest, this was the lowest price I could get, as they started selling at €120.000. I always try to negotiate (at least) >20% off the price! 

 Hi Erwin, 

Great to get in touch with another Dutch investor who is interested in Spanish Real estate! We should contact and share more information on this topic! 

I am investing in Valencia! 

The ROI is based on my net CoC return + Loan payment + Historical appreciation 3%.

Where are you invested?

What about househacking? Analyze as many deals as possible and when you have a deal that makes sense, financing it against 3,5% DP. Buy a multifamily, live in one and rent out the rest. Let the tenants pay for your rent and mortgage and get first hand experience as a landlord.

PS: Also keep learning from books and podcasts!

Fellow Real Estate Investors,

Down here I want to layout my first deal. This deal takes place in Spain (However, I am not able to select that location). I am originally from the Netherlands. I started my Real Estate investing journey 8 months ago and I have obtained 4 properties by now. Of the 4, I want to discuss the numbers of my first deal here. I am trying to become specialized in achieving the highest possible CoC-Return. All suggestions, ideas and comments are very welcome:

The following categories have been included in the section "Monthly Expenses": Vacancy 5%, Taxes, Repairs 10%, CapEx, Internet, Insurance, Property Taxes, mortgage and interest. I even have a double financing on this property, otherwise my net CF per month would have been significant higher. Management fee is excluded, as I do management and tenant searching/screening myself.

I have been studying for over a year, got all books of the BP community and listened to all the podcasts I could find.

However, this is my first post as part of the BP community.

Wishing you all the best and fortune!

PS: I want to start doing private deals with these kinds of CoC-ROI deals, any tips? ;)