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Updated almost 10 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
JP Larcheveque
  • Investor
  • Philadelphia, PA
0
Votes |
7
Posts

No salary - large deposit - feasibility for someone coming back to the US?

JP Larcheveque
  • Investor
  • Philadelphia, PA
Posted

Hi all, 

I am moving back to the US from London to go do an MBA. I'll have no salary and my credit history is just good (it was perfect 7 years ago, but haven't used credit as living in the UK). 

I want to buy a flat in the Phili area, do it up and sell it right after 2 years. I can put 100K in deposit, how much leverage can i get knowing i have NO salary and I will be a student? I have flats in Europe, but all mortgaged so quasi impossible to use as collateral.

Any information or pointers to resources would be greatly appreciated

Cheers,

- JP

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