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Updated over 6 years ago on . Most recent reply

User Stats

6
Posts
3
Votes
Erez Shocher
  • Investor
  • Buffalo, NY
3
Votes |
6
Posts

Cashing out as a foreign investor?

Erez Shocher
  • Investor
  • Buffalo, NY
Posted
Hi all, I’m a foreign investor, bought 7 buy/hold rentals in Buffalo in cash, each for around 50k. They were bought in the last 3 years and generating ~16% annual ROI. I want to BRRRR them, but to my knowledge, US banks won’t refinance properties held by a foreigner even if they are held by a US LLC. I use to live in the US for many years, got excellent credit score as I keep using and paying my US credit cards. Any ideas on the options I have to leverage my properties? Thanks

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