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Updated over 4 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Enkhbaatar Enkhzul
  • Real Estate Agent
  • Chicago, IL
1
Votes |
5
Posts

Legal and financial questions about REI as a DACA recipient

Enkhbaatar Enkhzul
  • Real Estate Agent
  • Chicago, IL
Posted
Hello, I didn't see a post concerning how DACA, defered action for childhood arrivals can affect REI, so i want to get thoughts on a couple of concerns of mine before i started my REI career. Before that heres a summary of my situation. I was 6 years old when i arrived to the United States. At around 12 years old I recieved protective status, obtained a social security number, and a work permit. Also i have documentation of 15+ years of residency in the states and 5+ years of employment history, working retail, and food industry jobs, and other odd jobs. Here are some concerns regarding REI. I know one of the only ways for me to get started is an FHA loan, but its what comes after that concerns me. Specifically the refinancing of the FHA loan, and the use of convientional loans for the purchase of more multi-family properties in the future. I am planning to invest in illinois, specifically Ravenswood, Lincoln square, and Evanston. But would be open to other states that have more potential for someone in my situation. Any and all feedback is greatly appreciated!!

Most Popular Reply

User Stats

1,142
Posts
762
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Susan Maneck
  • Investor
  • Jackson, MS
762
Votes |
1,142
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Susan Maneck
  • Investor
  • Jackson, MS
Replied

Last year I lost a kidney due to a massive infection which left me hospitalized for nearly a week. My nurse was a Latino DACA at St. Dominic's. He was wonderful. I think about him often and hope he is safe. 

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