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Updated about 4 years ago on . Most recent reply
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New investor in Miami, where to start?
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
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.