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Updated almost 5 years ago,

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Buying property in TX as foreigner

Posted

Hey all!

I'm looking to buy property in the US as a foreign investor and currently have my eyes on Texas.

At this moment I have about 150k saved up in USD. 

Since I do not have a SSN or credit score there is no easy way of getting a mortgage that I could find. 

My current plan is to buy a single family home worth around 100k and rent this out.

To be able to get a loan for a second property my plan is to use my LLC, (Where the first property will be in) get an EIN and build a credit score here. From what I have read it is possible to get a EIN mortgage, the rate on this is higher than average sadly but I have not found another solution yet.


Any thoughts on this? Am i missing something or seeing something wrong? Are there more ways to secure a mortgage as foreigner? My ideal start would be to get a duplex, I have yet to find one in my budget.

Thank you for reading, really appreciate it!

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