Lending for foreign investors

[Sandro Sossi]

Hello,

I'd like to receive help to understand which are my options in order to get a mortgage, since I am not US resident.

Let's say that my target is to buy properties in Indiana and the value should be around 300,000$

I have understood I cannot access to bank mortgages programs. So which are my options? Is it better to go as private investor or to open a LLC?

Thank you in advance 

[Victor Menasce]

I'm a Canadian resident investing in the US. My company is based in Chicago. Getting traditional bank financing from a US bank depends on a lot of factors including location, size of the loan, commercial versus residential, portfolio, experience, etc.

Generally it is very difficult. But there are a few options.

1) Find a local partner and have them be the principal signor and guarantor on the loan. I do this right now in 6 different cities across the US.
2) If you're Canadian, a few of the Canadian banks have programs for US investment through their US subsidiaries. But there are restrictions.
3) There are a few lenders that will lend internationally, but these are usually short term loans for bridge financing and construction.

Give me some additional details, and I can make some suggestions.

Victor Menasce
Author of "The Great Canadian TakeOver"
President of Ottawa Real Estate Investors Organization.