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.
Creative Real Estate Financing
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 over 5 years ago on . Most recent reply

User Stats

103
Posts
22
Votes
Eli Gilbert
  • Investor
  • Cleveland, OH
22
Votes |
103
Posts

Good Deal- Then STUCK!

Eli Gilbert
  • Investor
  • Cleveland, OH
Posted

I am a Newbie, I have been Analyzing deals, I have 2 HML in the pipeline, A realtor feeding me deals and a potential contractor!

I know I need to build a bigger team, I am working on it!

I found what I thought was a great deal-

$85k purchase price

$25k expected rehab costs

ARV- somewhere between $160k-$200k, based on Comps!

However I’m getting stuck on the Refi stage, I’m not an American Citizen, I am in the process of applying for a green card...... My wife is an American citizen, but has a low credit score and no credit history, as we just moved here!

Any ideas of how we could started in our investing career given our situation?

Any advice would be greatly appreciated!

Thanks

Most Popular Reply

User Stats

2,647
Posts
1,410
Votes
Tom S.
  • Real Estate Investor
  • Burlington, VT
1,410
Votes |
2,647
Posts
Tom S.
  • Real Estate Investor
  • Burlington, VT
Replied

@Eli Gilbert If you qualify for the HML, just rehab the place and sell it, and pocket the profits. No need to refi if you're selling.

Loading replies...