I own 4 properties, no debt, no credit, no loan...no BRRR ! HELP

[Darren P.]

I am a Canadian/American dual citizen. 

I have VERY good credit in Canada. 

I have NO credit in the USA. 

I have great income in Canada and no debt. 

I have no income in the US other than recent rent revenue from properties

I chose to invest in the US because that is where I plan to retire in 10-15 years

So I purchased 4 properties (all with cash). 3 of which are single family homes being rented and with reasonable cash flow. The 4th property is simply a strategic land holding.

So here I am with 3 solid properties, all generating rent revenue...….ready to start BRRRing ...and the banks and mortage companies won't lend me any money to keep moving :-(

Their reason...I don't have credit in the US...as in NONE...no score. 

One of them said I should get a small secured credit card and exercise my credit for a few months and reapply...(I don't believe this will work...I mean, come on... a few months of tiny credit purchases? Am I wrong...perhaps this will be the key?) That's the same BS the bank told me when I was 20 yrs old and got turned down in Canada for a small car loan.

One of the banks said that I would not be able to get ANY of my properties financed because I had no US income beyond the rent revenue (and less than a year with those).

All of this was very disappointing as I never read any of this in the BRRR book. I thought it sounded easy. Buy property with cash, reno, rent it, refinance. Didn't realize credit or employment income would be a factor

I thought it was elementary as I have good solid properties...no debt other than the regular stuff that comes with prop ownership (Taxes, Insurance, Prop Mgmt).

Not sure what to do

Any tips would be appreciated

[Jake Frey]

You do need to get a credit card so you can get a credit score. Shouldn't take too long. if no one will give a card then you need to get a "secured card". your score will be good enough in no time. your lack of income though, is whole different animal...

good luck