All Forum Posts by: Akash Y.

Thanks to those who have reached out. If anyone else can help please reach out to me. Thanks.

Hi everyone,

I feel like I have been suckered by calcap lending. Bait and switch.

Ultimately it's my own fault but here's the situation.

I got into multiple loans with calcap lending. Initially I was told I was going to get product "a" which was a longer term loan, decent rates etc.

When it came closer to purchase, I was told they were revising the program and and it was no longer available. advised for me to go into a shorter term loan (product "b") as a bidge until product "a" is available.

I didn't think much of it as they dropped their fees and said at the end of the transfer it would be the same cost/fees.

Here we are months later and now there's no replies back regarding the new revised program.

Now I'm stuck in these 1 year loans that I don't know how to turn into long term loans.

I'm a Canadian at the properti are in the USA.

If someone can help please send a private message.

What defines working in the USA? I earn in the USA, fipe taxes in the US but I don't have a job in the USA. 

Originally posted by @Andrew Postell:

@Akash Y. this is always a tough scenario for investors living abroad.  We do have "foreign national" loans in the US where you cannot live or work in the US.  If you do live and work in the US, then loans are governed differently.  If you need a foreign national type of loan you can find a 30 year fixed rate but it will be significantly higher than what most people will have on their loans if they work and live in the US.  Hope this helps in some way.

5 are in AZ and 1 in WA. The 5 AZ loans are around 150k and the 1 WA loan is 370k.

I have credit I believe. I've been filing taxes for a few years in the USA. How do we check, I have an ITIN. 

I'll fill the questionnaire shortly.

Thanks.

Hi everyone 

I recently got into a few condos with 30% down, 1 year term and at a high interest rate. 

What are my options to find a longer term loan to get out of this short term loan. 

The same lender told me he would get me transferred into a new loan program, but Im having a hard time with that. 

If anyone can assist me please reach out. 

I have a total of 6 loans that are 2-4 months old. I'd like to get out of them asap, with a better interest rate and not principle only payments as in currently doing. 

Properties are in the USA and I'm a Canadian citizen. 

Thanks. 

Would love to chat. I have 12 listings in scottsdale. Adding 4 more in the next few weeks 

Hi everyone. Thanks for taking the time to read my post. I'm a Canadian who had been investing in single family home in AZ for 3 years. I have 2 houses, 2 townhouses, 1 condo that I have been renting short term with good success. I also manage 4 other homes on airbnb for friends. I have recently sold a few of my properties & I have around 800k that I wound like to use & get a small multifamily apartment. I'm not sure if this is going to be enough in the city I currently own in. I'm not afraid to try other states if it makes sense. What's the best placement of this money off it was you? My backup plan is to purchase more condos (~200k/each) which gross about 45k/year (net just over half that) and save up until I can afford something bigger. Ideally I want to stay in the same city with the multi and do a combination of long term and short term rentals. Thank you for your time.

I'm actually just renovating a 2400 square foot house near Disneyland right now. It came with the pool but was in horrible condition and I'm putting $30,000 into fixing it. Also considering getting an above ground hot tub. the house I bought came with the pool so I'm just putting money into fixing it. But since not many homes have pools in this area I think it is a huge selling point for me. I am not in Anaheim just outside so once the ban takes place in Anaheim, there definitely won't be many homes with swimming pools around Disney. I've also got short-term rentals in Arizona and they all have swimming pools and they all get used. in Arizona it's needed because everybody has a swimming pool.

Jared can you share how you turn one email address into 100s of leads? Would love to know more about this.

I have a new house that I'm listing on Airbnb that was completely renovated. The swimming pool has to be redone and so does the backyard landscaping. Will it be beneficial if I rented without backyard access or should I wait until the back yard is complete? The backyard will be ready two months after the renovations on the inside are done. there is a small patio that is attached to the house that I can give access to if somebody needs to go in the backyard area. I have removed the stairs going down to the backyard and fenced up the patio. should I wait until everything is done or should I list now on Airbnb at a discounted rate while the backyard is getting completed? Of course I would disclose there is no access to the backyard and the price will reflect that.