All Forum Posts by: Patrick J.

Also interested, I've had 2 calls with them but don't see any reviews.

For the last 2 months I've been working to buy an investment property. I was about to close on a loan with better.com, and they are now saying they're having a hard time verifying my US residency, causing a potential denial. I'm unsure why/how this is relevant as I'm a US citizen, with US business/banks/brokerage accounts, and all my finances are in the US, though I do spend a lot of time outside the US.

I read this wasn't an issue and even asked ahead of time, but now at the very end they are saying they may deny it, even though I'm probably one of the least risky clients they could take on, and have proven so (with countless uploaded documents).

The property is a single family house in IL for $160,000, with downpayment of 25%, better.com gave 2.75% loan for 30 years of $120,000.

My income is $120-180k+ each year, with assets over $1.5M+. Credit rating 815+, with no debt.

After the application denial, I've emailed requesting them to remove all the data I've uploaded, and delete my profile, and opt out of further communication.  They then referred me to their Data team and now are requesting scheduling a call.  Not interested.  I will be pursuing further legal action if they don't remove my data shortly, I have no interest in scheduling a call with them any further.

Stay clear of Better.com, while the support seems responsive and the website works, this company is terrible to work with.  Thoroughly disappointed.

I am interested in partnering up more long term with a lender that will work with me, as I'd like to purchase 5-10 investment properties in the coming years.  If you are a lender that wants to work together, contact me.

Hope this helps, if you have had any similar experience with better.com, please post here.

Bump. Better.com denied the loan, terrible experience with them. Looking to partner with a lender to work with over the coming years to buy 5-10 properties. Please reach out if you can work with people like me. Thanks.

Also in a similar spot.  Was about to close on a property and using better.com, all was smooth but now they are potentially going to deny it because "I can't prove I'm a US resident".  I'm not sure why that matters as I'm not required to be a resident as far as I'm aware.  Disappointed with better.com telling me this last minute, even though all other requirements are fully checked. Any lender suggestions are appreciated for US expats.

Thanks, good advice. So there is no legal requirement to be a resident? This is just better.com?

Originally posted by @J Zev J.:

I've lived abroad recently so I know how difficult it can be. If you're looking to close that soon you can try to use hard money to buy the property (many will lend to non-residents) and then spend some time building relationships (by phone) with some of the banks that are within the city that you're purchasing in to refi. Also, you could potentially get a refi from the US banks you already have your bank accounts with. Of course, the prudent thing to do is to have the relationship and pre-approval with the banks beforehand if you're worried the refi won't go through because of non-resident issues.

Hello,
For the last month and a half I've been working to buy my first investment property. I'm about to close on a loan with better.com, and they are now saying they're having a hard time verifying my US residency, causing a potential denial. I'm unsure why/how this is relevant as I'm a US citizen, with US business/banks/brokerage accounts, but I spent a lot of time overseas (my business is online so I spend a few months a year in the US and a few months a year abroad).

I do have a US residence and a PO box I ship all my mail to. I do pay taxes in the US (they have my 2 latest returns), though I'm likely not considered a resident as I spend a lot of time overseas and with covid, I've spent the last year overseas (not a big incentive to go back right now and safer where I am now). I read this wasn't an issue and even asked ahead of time, but now at the very end they are saying they may deny it, even though I'm probably one of the least risky clients they could take on, and have proven so (with countless uploaded documents).

The property is a single family house in IL for $160,000, with downpayment of 25%, better.com gave 2.75% loan for 30 years of $120,000.

My income is $120-180k+ each year, with assets over $1.2M+. The business did $1.6M revenue last year, and plan to beat it this year. Credit rating 815+, with no debt.

Does anyone know a lender that would work with me? I'm very surprised by better.com, disappointed, but looking for a plan B in the event they deny the loan. Any suggestions would be appreciated. Closing date was originally Feb 4th, and have an appointment with the local US embassy for Feb 9 to sign/notarize the documents.

Thanks.

Hey all,

I'm new to real estate, but my specialty is in online marketing.  I've been an online marketer for about 15 years and now want to step it up a notch and take it to real estate.  I currently reside in Bangkok, Thailand though spend a few months of the year in the US.  Looking to partner with others to help drive leads, and if successful, begin acquiring and/or flipping houses.  Glad to be a part of this community.

Cheers!

-Patrick

Hello all,

I'm new to the real estate investment world, but a veteran in online marketing.  I've been running various ecommerce business online for the last 15 years, and ready to take it up a notch.  Lately my focus has been FB ads, selling various products all over the world.  I'm confident I could generate high quality housing sale leads, but need to figure how the best way to partner up to receive commission on sales I generate.  I'm currently located overseas but am a US citizen.  I reached out to a few real estate agents in the US and was told I need a license in order to do this.  Is this true?

My background is generating sales, leads, etc., but I need to partner with someone who has access to houses and can offer commission for sales or pay for leads I generate.  Feel free to PM me if interested.

Any advice on this is greatly appreciated.

Thanks,

-Patrick