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Updated over 2 years ago,
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Non US resident trying to refinance
Hola everyone!
I am a Canadian/Mexican citizen with a rental property in Portland, Oregon. I got it 5 years ago when I worked there, since I moved back to Canada and have no USA income I haven't been able to refinance to take some cash out for my next property. Also, I do not own any property in Canada yet!!!
I contacted David´s Greene team (The One Brokerage) and they said I can refinance with them at a higher interest rate and only for up to 65%. So, it will be for about 50K. I am wondering what to do, whether I should look for a partner in the US with income to refinance the house at 80% LTV and get one or two more houses, or go ahead and refinance by myself and find a property that I can buy with that downpayment of 50K. Looking for recommendations or advice in this matter.
Thank you so much for your time! 🙏🏽
Anabel