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Updated over 5 years ago on . Most recent reply
Investment Property Loan While Living Abroad
Hello all,
I have a friend who is a US citizen living/working abroad (Hong Kong) and wants to invest in US real estate. He wants to buy with cash, but also wants to extract equity using cash out refis after 6-12 months.
Can anyone recommend lenders willing to do such transactions?
Thanks in advance.
Most Popular Reply
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@Jerry Padilla -- would a traditional bank lend in this situation as well? (US citizen, living and working abroad, has credit history in US, files US tax returns -- looking to cash out refi from a cash purchase).
Any issues if I am not physically present in the US when doing the refi?
And do you think someone in this situation would be able to go up to the 4 mortgage limit for cash flowing properties with good DSCR + reserves?