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Updated almost 11 years ago on . Most recent reply

User Stats

84
Posts
20
Votes
Ian Fisher
  • Investor
  • Chicago, IL
20
Votes |
84
Posts

Cash-out financing: US citizen overseas

Ian Fisher
  • Investor
  • Chicago, IL
Posted

Hi all

I've been investing in foreclosure properties in Kansas City, MO for some time now - primarily on a flip basis, but am interested to get into some buy-and-holds as well. Key for that to make sense is going to be availability of leverage: since we buy at foreclosure, cash-out is going to be necessary. The other complexity is that, while I am a US citizen with an active US credit file, I currently live overseas in Hong Kong. We do have a local manager based in Kansas City. Significant volume of deals would be possible if I can find the right terms. Would anyone have any advice on this?

Many thanks!

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