Starting out fresh in Miami-Dade with 200-300k

[Ahmed Bahaa El Din]

Hello all,

I am an aspiring investor with moderate experience in fix and flips coming from Egypt to Miami, Florida looking for advice.

I've lived my entire life in Egypt, but I am a US citizen and am planning to start off fresh in the States on my real estate journey. So I will not have a credit profile or rating yet since I have never opened any bank accounts or made any transactions in the US. I currently have about 200-300k liquid and am planning to buy a medium sized multifamily or small commercial building and looking for advice on where to begin to open a bank and find a good lender, as well as a real estate agent or Wholesaler in the area. Also will most likely need to find an accountant as well at some point during my journey, but I am lucky to be US passport holder which should make my adventure easier.

I am open to hearing all advice through replies or private message is fine aswell.

Thanks

[Julio Burgos]

DSCR Loans could be a possible option for your situation, they focus more in the property itself and not your credit as a borrower, you will need at least a 600 credit score which is not that bad to achieve quickly.

I have a local realtor in Miami who has found multifamily properties for investors I work with, If you want to talk more about DSCR let me know, I am happy to explain the process!