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All Forum Posts by: Account Closed

Account Closed has started 91 posts and replied 511 times.

Post: can student visa foreigners buy homes in US? financing?

Account ClosedPosted
  • Homeowner
  • Signal Hill, CA
  • Posts 521
  • Votes 70

Kudos to your student client, hope all goes well and maybe even gets offered an H1B1 if that is also of interest as is investing in a..second residence (or is it an investment) in USA?

Around here, so cal, foreign nations are sending agents -sometimes their children - in droves! to buy properties and even entire portfolios for them to generate streams of income to export back to their motherland as well as reinvest more and more in US.

Apparently in some countries, ie, China, it's unlawful to own more than one's primary residence and even in that case if I understand correctly, the land remains property of the socialist/communist government anyways.

So its understandable money is welcome from most anywhere in the world to invest in Corporate America - not a democracy - but at least a Constitutional Republic.

Post: can student visa foreigners buy homes in US? financing?

Account ClosedPosted
  • Homeowner
  • Signal Hill, CA
  • Posts 521
  • Votes 70

anyone know of any institution (not private lender) that offers financing for foreign nationals with less than 50% down?

 i would think that once the foreign nation has a Taxpayer ID, and some credit history with the credit bureaus, it would make things a bit easier. 

However it would be interesting to see how US lenders open to foreign nationals consider income, given that the golden standard is 2 years of US tax returns and foreign nationals unless with the work visa (ie H1B1?) would have ZERO legal income from within USA, but who knows, they could be filthy rich royalty back home!

Post: Apartment Tenant with Medical Mari-J asked WHERE he can smoke his Rx

Account ClosedPosted
  • Homeowner
  • Signal Hill, CA
  • Posts 521
  • Votes 70

Los Angeles County, CIty of Signal HIll

Tenant with anxiety disorder presented with prescription from physician for daily medical cannabis inhalation.

My first thought was, 'is that without filters by any chance?' but no i won't bother asking; none of my biz

But he did ask where in his apt or around the building he can smoke. The building and lease does have a no smoking INDOORS policy.

PS: What does 'BID' on the prescription mean? my guess is bi diem.. or bi daily?

Input?

Post: can student visa foreigners buy homes in US? financing?

Account ClosedPosted
  • Homeowner
  • Signal Hill, CA
  • Posts 521
  • Votes 70

CASH or 50% DOWN is the usual expectations of foreigners with little/no credit in the USA, as an individual or shareholder. some credit references will STILL be required for underwriting, as for a loan there must be some level of creditworthiness established in absence of FICO scores.

check into Bank of the Internet and other lenders that lend to foreign nationals.

Post: Earthquakes in California

Account ClosedPosted
  • Homeowner
  • Signal Hill, CA
  • Posts 521
  • Votes 70

Avoid Cascadia (which is under pretty much all of northern CA) and avoid San Andreas Fault (just north of Santa Barbie)

Post: 6th day and Tenant hasn't paid yet !?!

Account ClosedPosted
  • Homeowner
  • Signal Hill, CA
  • Posts 521
  • Votes 70

If your locality (and lease) allows a daily late fee, consider it. 

Issuing notice to pay or quit by the 7th day would also be par for course but all the more reason a few days late fee is one thing but a whole week or more late fee, at least have the late fee covering the time and supplies and aggravation of having to issue written notice.

Post: Just lost my Entire gmail inbox! Any ideas?

Account ClosedPosted
  • Homeowner
  • Signal Hill, CA
  • Posts 521
  • Votes 70

Only idea is dont use Gmail. 

I stopped when I kept getting messages that I logged in from another location, so was logged out, despite having recently changed passwords.

Post: What Should I Do With This Kitchen?

Account ClosedPosted
  • Homeowner
  • Signal Hill, CA
  • Posts 521
  • Votes 70

perhaps post an after if u get a chance when u do, Scotty

Post: The Rising Price of Downtown Living ( Los Angeles, CA )

Account ClosedPosted
  • Homeowner
  • Signal Hill, CA
  • Posts 521
  • Votes 70

Very true. 

Even adding up al 5 boros (Manhattan, Bklyn, SI, Bronx, Queens), how large is NYC? 30 square miles? 

Compare that to LACity.. how big is it, 500 sq miles? LOTS more room to grow that NYC can ever keep up with, imo; theres only so high u can go.

Post: Airline Crew Member Crash Pads

Account ClosedPosted
  • Homeowner
  • Signal Hill, CA
  • Posts 521
  • Votes 70

When I lived in Queens i was 5 minutes walk right into LGA. It was so easy to get rentals but none of the flight crew seemed to be stable, they were always moving in the middle of the month etc last minute so it was always month to month turned into weekly and the males had lots of late night partying and drama going on that i didnt care for.