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Updated about 4 years ago on . Most recent reply
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Loan for international buyer with already few properties
Hi there friends, this is my first ever post on this nice community I've been around reading for a while.
I'm from Argentina and I'am 30 years old.
I purchased my first 2 rental properties (condos) back in 2012 cash in Florida area, focusing on Cap Rate.
In 2014 I purchased 3 more, and In 2015 one more. All of them cash.
I'm pretty happy with the return, between the rentals and the appreaction I almost already doubled my investment.
But well, now with the LLC owning 6 properties, an income history of 5 years of rentals and the possibility of put them as collateral warranty if in the worst cases I cannot pay the loan. I want to know if with this maybe I can apply for a 25-30 yr loan, I am jelaous of the 2-3% rates for US citizens, I maybe will have to pay 6% but I've already found some nice properties that Cash on Cash with even 6% rates will have a 12% of return. while paying cash I will get only a 8-9% in cashflow. Also properties are raising 5-7% yearly so I am missing the leveraged income of revalorization in the loaned property. Anybody knowns if with this maybe I can apply for a loan ? I don't want to ask and the guy laugh on me hehe.
Thanks for reading in advice and have nice holidays!.