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Updated over 4 years ago on . Most recent reply

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21
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10
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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
474
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Nat C.
  • Investor
  • Miami, FL
474
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. 

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