All Forum Posts by: Allan Saint-Gelais

Can my dad cosign even if he doesn't live in the US? Or who else could cosign for me? Friends with the money? @Dan Perrott 

I am not from this country and I just got a green card which makes me a legal resident but I have to build a credit history and I guess they said that I have to show that I have been working in the same field for at least two years. I have the enough down payment @Carlos Asuaje 

How can you buy and hold a multifamily home if you can't qualify for a traditional loan? 

Ok so what are the other options for me if i can't get a traditional loan and want to buy a multifamily home @Elizabeth Colegrove ?

Do you have to show that that you have been working for the same employer for at least 2 years? If yes what are the other alternative for me if I want to invest in a multifamily home? 

Thanks for you help

@Aaron Montague, thanks for your help it really makes sense to me! I will definitely find out more about the LLC and learn how to use it. For the credit card and the FHA loan I don't think it is going to be a problem because I will have a green card (so i will be a legal resident with the right to work so I will also pay taxes). Also thanks go @Albert Bui 

@Dawn Anastasi thanks for you answer and advices but what do you think I should do? Do I have to wait the two years or is there another option for me to get started? 

Hello everybody, 

I am new to real estate and I haven't bought my first house yet. The reason why is that I am not even in the US yet since I am from a small island in the caribbean. I am not American but I felt in love with the USA and also with real estate! I will have a chance to come and live the next year and I was already trying to plan what I would do once I get here. Because I am not from the US I do not have a credit history (so I will have to build one really quickly) and I found out last week that on top of a 20% down payment the bank also ask for you to show that you have been working for the same employer for more than 2 years! I was surprised by that and the problem is I don't want to wait 2 years before I get the chance to make my first investment. I know there are a lot of investors on this forum with a lot of knowledge and I would love to get your insight on my situation. Any advice on how to get started early or what else I could do would be really appreciated. If you know any other way I could qualify for a mortgage please let me know! By the way I am 25 (I don't know if this has any importance but hey you never know). 

Thanks a lot

Allan