Looking for teammates lender, contractor, realtor, property manager

[Murat Ozdo]

Hello everyone,

ABOUT ME: I am a non resident foreign investor who just joined the real estate market possibly in the worst time :) I am interested in Cleveland,OH. I have been monitoring the market in and around Cleveland for 2 months. I have enough cash in my bank account (I have a reference letter) and I have a full time well paid job. I am not residing in U.S. and I don't have U.S. bank account other than Wise which is not considered as bank. I am already working with a realtor who has never worked with an investor before. I am working with her because we can speak the same language :) People use a lot abbreviations and jargon which I don't understand and gives me headache. I will learn but it will take some time to understand all of them.

STRATEGY: I made 2 offers up to now and waiting for the results. My strategy is to buy properties even with a small amount of cash or even none as long as it's not negative and hold for long time, rent them out for future passive income and build equity. Rates are too high now but it's ok. I don't need cash flow right now as long as I have a job. These rates will come down in a few years. I will refinance when the time comes, then my passive income will start to flow. I will invest in areas C+ and above.

LENDER: I have already contacted a few lenders and I've got pre approvals for long term DSCR loan. Unfortunately, I am living out of U.S. and the time difference is 12 hours which makes communaication difficult. Most of the lenders wants to make a phone call which most of the time I can not. I have a full time job. I can not answer phone calls when I work and my schedule is not 8am-5pm. So in the beginning I am more comfortable with emailing or even preferably whatsapp texting. If you work with non resident foreigners who doesn't have U.S. bank account and if you are willing to answer tons of questions in the beginning until I understand the process please don't hesitate to contact me. As I mentioned earlier I have reference letter from my bank to prove my liquidity. I can also provide my yearly salary from my company (they don't provide payslips). Please contact me if you can offer a minimum loan amount as $75K. I already have a few lenders with a minimum loan for $100K.

That's all for now. If you have any insights or experience to share please let me know. Happy buying and selling to everyone