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Updated about 4 years ago on . Most recent reply

User Stats

57
Posts
37
Votes
Chibuzor Alumba
  • Winnipeg, Manitoba
37
Votes |
57
Posts

Out-Of-Country BRRRR Lending Options

Chibuzor Alumba
  • Winnipeg, Manitoba
Posted

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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