All Forum Posts by: Diego L.

Hello friends,

I am a new BRRRR real estate investor working and living in Germany.

Just incorporated LLC in US and willing to buy my first rental property soon,

The question here is the "Refinancing" part, As far as I learned that I cannot refinance unless I have a credit score, right?

But how? I am not living in the US, I am living in Germany and not planning to migrate to the US.

How can I solve this issue? Any advice?

Regards

Essam

Hey @Diego L., we're currently living in Lima, Peru, with some real estate investments in the USA!

Let's definitely connect!

@Kristoffer Ruohonen I have an online commercial multifamily group you could join and am just about to launch a German/European one as well since many many parameters are much different in these countries. The group will be helpful in sharing knowledge on these markets. I'm also focussing more on raising private capital for EU/US syndications, partnerships and ventures, since we all have the same pain in missing the last major puzzle piece when it comes to closing a deal. 

I keep telling my fellow US investors how spoiled the are every time they start complaining about something (taxes, fees, regulations, rent, compliance, etc.) in the USA market ;-) Try making it in Europe and you'll need to toughen up by bringing along more time, patience and expect less yield.

@Mary Ciccarelli If the property is a good DEAL it's worth the effort. That should smell like money. 

Yes, you can get rid of cat urine it just takes elbow grease, heavy cleaning, and possibly new flooring in select rooms. I had the same problem in my basement. We washed the concrete with a garden hose and chemicals. Carpet should be replaced. Hardwood flooring (depending on condition) can be sanded and sealed. Depends the level of rehab you're planning. 

I also invest in this area. My advice is to hang in there for a few months until after the back-to-school rush hits. If no one takes it for the new school year, then look at a new strategy. Maybe also, in the listing, you can lease per room for multiple students.