Out-Of-Country BRRRR Lending Options

Out-Of-Country BRRRR Lending Options

Winnipeg, Manitoba · Member since 2017 · 57 posts · 37 votes

Hi BP, Sam from Canada here

My question today is: If I find a great BRRRR deal, have contractors very the Rehab costs via quotes, and have a realtor verify the ARV, what are my options for finding a lender to help fund the deal? (I am from Canada and I have no credit in the US)

Would a lender fund 100% of the purchase + rehab costs assuming there is enough equity in the deal?

I have no issues giving a great interest and point payment to a lender as long as I don't lose money after the refinance is complete.

I also have no issue with working hard, finding Pre-foreclosure deals or calling For Sale By Owner properties to get a great deal.

Opinions, Thoughts and Insights are very welcome. Thanks :)

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  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    5y

    doubtful with no money down.. when your not a US citizen a lender cannot chase you for any personal guarentee

    so really its an unsecured loan.. or a 100% loan . and if the lender had to foreclose they would lose money.

    even if you got a smokin deal on it.

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