Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

21
Posts
10
Votes
Alex Allemand
  • Investor
  • Aix en Pce, France
10
Votes |
21
Posts

New investor in Miami, where to start?

Alex Allemand
  • Investor
  • Aix en Pce, France
Posted

Hi everyone, I'm a French investor owning 2 properties in France (rented). I recently moved to Miami for my business, and I'm planning to open another LLC here to invest in real estate.

I have around 130-140k$ cash, and it's difficult for me to get loans (I don't have a SSN yet, so no credit score) 

What do you think it's the best strategy for me? I get few spare time, and my wife will be licensed as realtor here in few months. 

I'm was thinking about starting by flipping a house, but it seems that my budget is a little bit short to find and rehab a house in Miami area. What do you think? 

Thank you for your help. 

Alex

Most Popular Reply

User Stats

807
Posts
473
Votes
Nat C.
  • Investor
  • Miami, FL
473
Votes |
807
Posts
Nat C.
  • Investor
  • Miami, FL
Replied

I found a lender who does loans for non citizens, with excellent terms. The interested rate I was quoted was high 4s and 1 point, which is damn excellent. I will be doing a large loan through them in January. 

Message me if you want their details. 

Loading replies...