Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 4 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Eduardo Nuri
1
Votes |
5
Posts

Loan for international buyer with already few properties

Eduardo Nuri
Posted

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!.

Loading replies...