All Forum Posts by: Han T.

Great advice and kudos to you for investing successfully from so far away. I'm an investor from Canada and looking to get in the American market next. How have you secured financing the states? I'm finding this to be my big hurdle at the moment. While I have amzing credit in Canada, I am a big zero in the US because I don't have an American social insurance # and no credit history. How have you overcome this? Any advice or insight would be greatly appreciated.

Cheers

Hey Jeff, thanks.

I have never financed property in the US (yet). My LLC (G4F Investments) basically helps Brazilian investors to buy real estate there. So we are using private money so far. I spent the past 2 and a half years building my credit score (Do you have a credit card in the US?). I also have my ITIN. Last time I was in Texas I talk to a bank manager and she told me I could get pretty good fees if I wanted to finance real estate or car (based on my FICO score). But I will know better when I try to get a loan.

I pretend to start looking for financing options once I have a better idea (and info) about how the lending market is going. There is still uncertainty and I don't need that for now.

My idea is to buy a property using a bank (or other financing option) in the 3rd or 4th quarter this year.

Sorry for not being able to give your better info.

This is very interesting! I PM-ed you!

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@Tadela Tedemet

Hey let's connect. I'm also looking at Ohio. Started out from Columbus. Now looking at Cleveland too. 😊

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Originally posted by @Jean Joseph:

@Teo Wei han

Yes im hoping for option 2 add the 3months to the back of my 30yrs. Who knows we shall see. Iam going to get in touch with some people today to find out the bank options

Yes i would hope that for you too! Nego hard my friend. Good luck Buddy! :)

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Has anyone recently taken up any forbearance on their mortgage payments? I was wondering what were the terms on the repayments be like? Would it be:
1. A one-time payment right at the end of the forbearance, or
2. A one time payment deferred till the end of the loan, or
3. Repayment spread across multiple payment period after the forbearance period,
4. others/etc

Obviously option 1 would not be the best, and option 2 would be the best, i think.

Pls share. Thanks in advance and stay safe everybody! :)

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Originally posted by @Jean Joseph:

@Raul R.

Honestly, because of the higg volume amd everything was done online i was told to be on the look out for a mail concerning the options for repayments.

If iam to look at it from your perspective i may as well just pay, its not like i dont have and wouldnt that to hinder my next bank financing

Would be interesting to know what would the eventual repayments be like eventually? Would it be:
1. A one-time payment right at the end of the forbearance, or
2. A one time payment deferred till the end of the loan, or
3. Repayment spread across multiple payment period right after the forbearance period,
4. others/etc

Obviously option 1 would not be the best, and option 2 would be the best, i think.

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@Mark H. Porter, Sir, you mentioned that the other banks had slight differences. Would it be ok for you to share what did they say?

Thanks in advance! Hope all is well on your side and stay safe!

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Originally posted by @Sebastian Dodds:

I would like us 3 to get together via Skype or what ever is necessary. I have been in contact with both of you about the Columbus market. I think we could make good things happen down there!

:) Sounds good to me!

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Columbus, Ohio

Originally posted by @Robert Ellis:

Originally posted by @Han T.:

@Robert Ellis thanks for this year over year analysis. Are there any reason why is this place having such growth and potential? Is it due to some relocation of a reputable companies that's hiring?

I would think it's due to the location. Short proximity to downtown, large companies hiring in the area, close to 670,71, and Broad st.

I see. Alright. Thanks for the sharing. Will relook at the listings in this location again! :)

1 Vote

Columbus, Ohio

@Robert Ellis thanks for this year over year analysis. Are there any reason why is this place having such growth and potential? Is it due to some relocation of a reputable companies that's hiring?

1 Vote

Columbus, Ohio

@Sebastian Dodds PMed u! 😊

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All Forum Posts by: Han T.

Han T. has started 14 posts and replied 97 times.

Post: Anyone who is doing long distance investing?

Post: Cleveland Ohio investors! Let’s connect

Post: Current Concerns - Investors

Post: Forbearance Repayment Terms that lenders are giving

Post: Current Concerns - Investors

Post: Period of Forbearance

Post: King-Lincoln Bronzeville Columbus OH Year over Year Analysis

Post: King-Lincoln Bronzeville Columbus OH Year over Year Analysis

Post: King-Lincoln Bronzeville Columbus OH Year over Year Analysis

Post: Invest in Ohio Columbus / Akron Flips