Property Manager · Hallandale, FL · Member since 2018 · 53 posts · 11 votes
I have talked to a lot of lenders and most only lend in the U.S. I was wondering if it was possible to get lending from a bank in the U.S. (no Puerto Rico banks) to purchase a rental in Puerto Rico. Since Puerto Rico is technically part of the U.S.
Lender · Atlanta, GA · Member since 2018 · 21 posts · 1 vote
7y
A SFR may be too small a deal for someone to go overseas. I have resources that will lend in Puerto Rico and the US Territories but they usually lend on bigger commercial deals.
Rental Property Investor · Boston, MA · Member since 2016 · 10 posts · 8 votes
7y
@Joel Gierbolini talk to @Lawrence Johnson he works for a lender in PR and they lend to non PR residents. Met with him last year during my research phase. Really nice and knowledgeable guy.
@Aaron T. Thanks! So far I have not found anybody good lol I qualified for bigger loans in the U.S. but in PR banks are more strict.
yes, things are little different down there. for instance, they are telling me that because I don't have my 2018 taxes done yet, they can't pre qualify for another mortgage. just weird stuff like that, but you learn as you go.