Finance options for a UK investor

[Graham Bates]

Hi,

Since reading through this forum for the last few days, I have decided that I would like to invest in properties in good, safe working class areas, in the 50k-70k range.

Being from the UK I think that starting with Turnkey properties would be best as it provides a more hands off solution, rather than buying somewhere that needs rehab as this would be very difficult to manage from the UK.

When it comes to finance it seems that options are limited, ideally I would want to put as little down as possible so I guess I may need to be creative! I cannot get a normal mortgage in the US as I have no history there, and a UK bank will not lend on overseas property unless I put up a UK property as security.

I have looked briefly into asset finance. But as a first time buyer in the US it seems that the most they are likely to loan is 50% of the purhase price.

Are there any other options for someone based in the UK?

Thanks