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Updated about 7 years ago on . Most recent reply

User Stats

9
Posts
6
Votes
Gideon Spekterman
  • Haifa, Israel
6
Votes |
9
Posts

Credit history for out of country investor

Gideon Spekterman
  • Haifa, Israel
Posted

Hey everyone,

I'm currently searching for my first rental property which I plan to fund using full out of pocket cash.

Looking forward at future deals, I know that if I would want to apply for any loan, the minimum requirement is to have a check of my credit history. Being a US citizen living out of the country since the age of 7, I don't have a credit history. Like most normal people, I have a bank account, credit card and pay all my bills on time, only where I live (Israel) we just don't have such a thing as personal credit reports or credit history.

How can an out of country investor qualify for a loan without credit history in the US? Is it possible as a rental property owner to qualify for a loan or refinance the property based on the performance of the property?

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