All Forum Posts by: Fco. Javier Y.

Is it possible to get financing in Detroit (single or multi-family properties) for a brand-new LLC? (first purchase). If so, how much % is financed and what minimum prices should the properties have?

Thanks!

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Detroit, Michigan

Thank you all!

@Tomas Buedo I sent you an internal message

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Dear Biggerpockets

Please your help and guidance. Financing is needed for an LLC whose owner and administration are from abroad, the entire purchase process will be done without traveling to the United States. The guarantee is the property itself. The objective is cheap single-family houses for long-term rental, that do not require reforms or are minimal, not flips. Location under study.

Is it very difficult to get this type of financing?

What is the minimum loan amount?

Are there 30-year and fixed-rate loans?

LTV?

Thank you very much in advance!

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Quote from @Nathan Murith:

@Angel Wu welcome to BiggerPockets and congratulations on doing the work! Well done introducing yourself and reaching out like this! I sure as heck did not have the courage back when we were starting :-)

We are also based on the west coast and invest remotely, so I am more than happy to connect and share everything we know, our mistakes, tools, tips, tricks.

We've looked at and talked to a number of turnkey companies. The services they provide can be great. That said, the returns they offer pale in comparison to what you can get by doing a little work on your own and buying deals off the MLS.

In any case, we love to talk all things real estate and love to help others getting started in the spirit of giving back!

Happy to share any and all resources, tips, tricks, tools, network we have and still use today. Please do not hesitate to reach out, DM, and connect. Looking forward to chatting and helping out!

when we chat, I can tell you all about our experience investing remotely. It's not as scary as it seems :-) Talk soon!

Hi @Nathan Murith I find all the points you raise very interesting, can I send you a direct message?

1 Vote

Quote from @Michael P.:

Quote from @Fco. Javier Y.:

Hi @Stephen Brown, i have had Toledo on my radar for months!, but i am a foreigner so my fears grow, your guidance would be very useful

Toledo has many investors from Australia and Israel to name a few

Interesting

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Toledo, Ohio

Hi @Stephen Brown, i have had Toledo on my radar for months!, but i am a foreigner so my fears grow, your guidance would be very useful

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Toledo, Ohio

Quote from @Fco. Javier Y.:

Thank you all for your valuable help, I think my great potential business was destroyed but if I avoid problems that way, your advice is welcome.

And what about Redfin rent estimates?
At least they give a range.

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Thank you all for your valuable help, I think my great potential business was destroyed but if I avoid problems that way, your advice is welcome.

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Are Zillow's Rent Estimates Reliable?

Please your comments.

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All Forum Posts by: Fco. Javier Y.

Fco. Javier Y. has started 2 posts and replied 10 times.

Post: Are zillow Sold prices real???

Post: Are zillow Sold prices real???

Post: Financing for LLC (managed from abroad)

Post: Financing for LLC (managed from abroad)

Post: Newbie out of state investor

Post: Holy Toledo! This is great!

Post: Holy Toledo! This is great!

Post: Are Zillow's Rent Estimates Reliable?

Post: Are Zillow's Rent Estimates Reliable?

Post: Are Zillow's Rent Estimates Reliable?