All Forum Posts by: Stevan Adzic

Hi All,

Quick background;

I own a property (single family home) in Kansas City, MO, I paid $42,000 USD for the property, settled Jan 2017

The property is owned outright with no debt, thus I’m exploring financing options (private/non conventional) to secure against this property in order to fund my next property purchase.

The next purchase will range from 25-30K USD, and will be in Kansas city.

What type of options are available?

Kind regards,

Stevan

Appreciate your reply Mitch.

Relating to your questions;

1. What is the property worth today? Bought it for $42K cash, will the lender use an appraiser or go off my purchase price?
2. How much debt could the property support? I presume the property could support up to 70-80% as you mentioned earlier?

Hi All,

Quick background;

I own a property (single family home) in Kansas City, MO, I paid $42,000 USD for the property, settled Jan 2017

The property is owned outright with no debt, thus I’m exploring financing options (private/non conventional) to secure against this property in order to fund my next property purchase.

The next purchase will range from 25-30K USD, and will be in Kansas city.

What type of options are available?

Kind regards,

Stevan

Hi All,

Quick background;

I own a property (single family home) in Kansas City, MO, I paid $42,000 USD for the property, settled Jan 2017

The property is owned outright with no debt, thus I’m exploring financing options (private/non conventional) to secure against this property in order to fund my next property purchase.

The next purchase will range from 25-30K USD, and will be in Kansas city.

What type of options are available?

Kind regards,

Stevan

Hi ya'll,

So i've been back & forth with the IRS in terms of submitting the W7 form to obtain a ITIN. I originally sent a completed ITIN form with a my certified passport (copy - department of foreign trade Australia). The rejected the form after i decided to do a proactive call to check the status.

I recently got in touch with a bright accountant & she mentioned i'm required to tick box (h) not (a) or (b) & write exception 1d, in addition to the certified passport provide an original copy of a property management letter, signed by the director.

Just want to confirm with everyone, is this ok for my ITIN form to be approved? Couldn't find property management letter required within the W7 form instructions....

Thanks!

Appreciate the replies!!

Hi Ya'll,

I've setup an LLC with my attorney in Dallas, & was wondering if anybody would have to contact who'd be willing to open a US bank account for a foreign investor abroad?

I've contact Wells Fargo & they've inform me that i'm required to physically be there to open the account, is there a way around this?