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Updated about 15 years ago on . Most recent reply

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Timothy W.#3 Off Topic Contributor
  • Attorney
  • Viera, FL
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So I sold a property to some Australians....

Timothy W.#3 Off Topic Contributor
  • Attorney
  • Viera, FL
Posted

And the profit margin was acceptable and I have to say these guys were an absolute pleasure to deal with. I want to sell them more and have to find ways for these folks to get financed on small investment properties - like 15-20k US a pop for purchase. I'm not even sure where to begin to look for something like this. Any suggestions from anyone else from over the pond who's managed to do this?

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James Ward
  • Real Estate Investor
  • Ocala, FL
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James Ward
  • Real Estate Investor
  • Ocala, FL
Replied

Hey, here is how we got several out of the country investors funded.

1) We contacted a "local" portfolio lender. (In our case it was a local credit union.)
2) We set up the out of country investors with an attorney that could/ would handle setting up a company for them to purchase real estate here in the USA.
3) We than took the newly set up company to the portfolio lender and qualified for a portfolio loan.
4) Sold properties to the investors (company).

I have really simplified the process, but it took some time and lots of efforts. But the numbers worked and the out of country investors were able to purchase and get financed.

Any questions, just ask and I will answer. But here on this discussion.

Thanks,

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