Out of Country Investing

[Nicole Johnson]

My husband and I have the opportunity to purchase a triplex in another country, and after running the numbers, it looks like a great deal. However, securing a loan overseas could take up to a year to close. Do you have any suggestions for hard money, private, or even conventional lenders who might be willing to finance a property purchase outside of the country? Any advice would be greatly appreciated. Thanks

[Ricky A.]

If you have enough equity in your current home, you could look at taking out a HELOC against it. Or perhaps the seller can provide you some financing.

My guess is that any US-based lender would be making more of a personal loan than anything because it would likely be hard for them to put a lien against a property outside the States.

Perhaps there are private lenders in that country that would be willing to lend to you as they would be more familiar with securing loans against properties there.