All Forum Posts by: Jimi Rønberg

Hi @Alejandro Lisson Ramirez, did you find any local credit unions that would allow you to finance the property as a foreigner, and what were the terms ? What area are you investing in btw ?

Hi James

Thanks for your thorough response, it is very helpful.

I you don't mind, could you please send me the 2-3 lenders you know of that loan to out of country investors ?

Thanks.

J. Ronberg

Hi Marisa

What a great story and inspiration, I have a couple of questions in regards to my own goals:

1) You mention that property management (pm) is key to getting success as an out-of-state investor. How did you locate good pm, what where your own criterias, where did you look for good pm, did you also get help with rehab work from the pm or is rehab work something you have a different way of getting done (contacting contracters directly) ?

2) You mention that today it is easier to get financing as foreign investors, could you elaborate on how to go about that, how much can you get financing on, what are the key lending providers that does this, what are their requirements for financing a single famility home etc. ?

3) How do you typically find and buy rental properties in a new state, what is your process, and how do you ensure the property is ready for being rented out ?

Thanks.

J. Ronberg

Hi everybody

I am investing from abroad (non-resident, not US citizenship), and looking into a buy and hold strategy, focused in a single area (not sure if this is smartest) and on rental properties.

Since I am starting out (this is my first property investment), I am looking for turnkey rental properties, and my hold period will be at least 10 years. My initial investment (cash) will be $60-100k, and my own idea was to search for areas with properties that could sustain a minimum 10% ROI and are cash-flow positive, where the risk is minimized. I am open to also financing the properties, if that would make more sense. I will every year be able to invest more cash (from other investments) into properties (about $40k yearly).

How would you go about the process - what partners would I need to get this up and running, which areas, what type of properties ?

I hope you can all chip in.

Thanks.

Regards,

J. Ronberg