All Forum Posts by: Anna Doumkina

My boyfriend and I are looking to purchase 5-10 properties in the next 12 months that will be then rented to Section 8 tenants. If we find good financing, we can purchase the houses in the next few months. This is in Ohio State.

I do not anticipate the purchase price to be higher than 80,000 USD. However, here is the tricky part. My boyfriend is a foreign national with an ITIN number, US address, and an AMEX in the USA, but he is not a US citizen, so a lot of the times, he is not offered good loan programs. I am a US citizen with a 680 credit score (actually, credit karma shows 680 for one bureau and 710 for another bureau), but I haven't worked in the USA for years, and overall, we are looking to get a DSCR loan. I have one Amex card showing up and a bunch of student loans - do banks take these as trades? Overall, I am trying to find a bank that can still do 85% LTV with this type of credit. Or if there are other nonconventional ways to find financing - please let me know! Since our goal is to scale in real estate and we do have the funds, we would prefer to minimize the deposits and invest into reno where necessary and keep the capital for now for improvements, if they arise. Thank you all in advance!

Well 1st off, I am not sure who you are speaking with or what you are looking at, you are NOT buying fully renovated props for 80k or less in Cleveland. 2nd you are not getting a loan if you do not have a US address and bank acct (Unless there is a new program that started last month or so) I have dozens of clients from overseas that would love to get a loan but cannot. They had to purchase one cash then set it up. But the bigger issue is your expectations of all in 80k, not happening. I can get them you can't. I DO NOT mean that the way it sounds. I have been doing business there for many years and have a huge network,

I wish you the best

We have a US address and US bank accounts. I also have US citizenship and whatever else comes with it. Upping the budget for a proper property is not an issue. We have the funds to infuse the money into a reno, not a full rehab. Just because I don't want to deal with a rehab.

0 Votes

Cleveland, Ohio

Quote from @Clint Miller:

Hi Anna,

I hope you're doing well! We're excited about the opportunity to connect with you. As a nationwide private money lender and broker, we specialize in a range of funding solutions for non-owner-occupied real estate investments. We’ve recently launched a new funding program with preferred terms and would love to discuss how it could benefit you. Let’s find a time to chat and go over any questions you might have.

Looking forward to speaking with you!

Thank you! Let's connect! Please send me a direct message!

0 Votes

Cleveland, Ohio

Quote from @Clint Miller:

Hi Anna,

Looking forward to speaking with you!

Thank you for your reply! Let's connect! Please send me a message!

0 Votes

Cleveland, Ohio

Quote from @Kerry Noble Jr:

Quote from @Anna Doumkina:

Definitely Check with @Jayson Cain and see what he can do for you on his end as a lender

Thank you!

0 Votes

Cleveland, Ohio

Quote from @AJ Exner:

Quote from @Anna Doumkina:

Hey Anna,

I can see why it has been tough to acquire financing, but I'm glad you reached out to BP. The biggest thing I'm seeing actually isn't his residency status, but I think you'll have the biggest issue with the value of the properties you are looking at. It can be tricky to find loan programs that will lend on properties below $100k, but I do think I have a program that can lend below $100k, and if you had a 50-50 LLC, you would be good to move forward at 80% LTV.

If you have a project that is more 'BRRR'-centric, there would be a few more options, but regardless I would love to connect and help!

Sent a DM.

Good luck!

Hello! Thank you for your message! We are set on 85%, though. However, let's connect anyway! Perhaps there are other options to be discussed. Please dm me. Thank you!

0 Votes

Cleveland, Ohio

Quote from @Ted Davenport:

Hello, My name is Ted and my company can help and we are also local. North Coast Consulting Group , we are a private lender

Hey Ted! Please send me a private message!

0 Votes

Cleveland, Ohio

6 Votes

Cleveland, Ohio

Quote from @Alex Hunt:

Happy to go over some options for both foreign national & “no credit” investors!

Hey Alex! Would you please message me directly to discuss this further? Thank you!

0 Votes

Cleveland, Ohio

Hello! My partner is an EU citizen looking to invest in the USA to purchase properties that will later be for Section 8 tenants. He does have an ITIN number, recently opened up an Amex card in the States to start building credit history, and has an LLC and a US address. I am a US citizen with no credit history in the USA; just have an address in the USA. We are looking to purchase 5-10 properties at least, in the next 6-12 months. Thus, we want to find a reliable vendor who works with foreign nationals or US citizens with almost no credit history. We are not looking to pay 35% of downpayment. The less downpayment - the better. Overall, looking to find creative approaches to our situation. Any recommendations would be greatly appreciated!

1 Vote

Cleveland, Ohio

Quote from @Ko Kashiwagi:

Hi Anna,

Are you investing as a foreign national (with visa, Green card or ssn)? or as a complete foreigner?

Hey Ko, I sent you a private message with all the details.

0 Votes

Cleveland, Ohio

All Forum Posts by: Anna Doumkina

Anna Doumkina has started 3 posts and replied 15 times.

Post: Looking to buy a 5-10 properties but need to find financing

Post: Looking to buy a 5-10 properties but need to find financing

Post: Looking to buy a 5-10 properties but need to find financing

Post: Looking to buy a 5-10 properties but need to find financing

Post: Looking to buy a 5-10 properties but need to find financing

Post: Looking to buy a 5-10 properties but need to find financing

Post: Looking to buy a 5-10 properties but need to find financing

Post: Financing for a Foreign National

Post: Financing for a Foreign National

Post: Cleveland. Section 8 investment.