All Forum Posts by: Sandro Sossi

Hello,

I don't know what to do. I did mistake to reserve an off-plan project in UK, through a broker in October 2014. The development had to finish on March 2016, but actually it did not start because of some technical issue on the plan. The value was around 110,000 pounds and I paid 30,000; the remaining part should have been paid through a mortgage at the moment of delivery.

Now, as compensation the developer is offering another project that will be ready in 6 months with a value of 220,000 pounds. I checked the mortgage, but maximum that bank can borrow me for oversea is 70% and I have no intention to increase my exposition with this developer adding more money into the deal (considering that the cash flow after purchase would be not more than 200 pounds per month)

In this cases is it possible to ask for refund (in the contract this possibility is not there)

Thank you for the feedback @Shawn Holsapple and @Engelo Rumora 

Does anything change if you buy the property cash and then with tennants paying ask for refinincing?

Thanks!

Hello,

I'd like to receive help to understand which are my options in order to get a mortgage, since I am not US resident.

Let's say that my target is to buy properties in Indiana and the value should be around 300,000$

I have understood I cannot access to bank mortgages programs. So which are my options? Is it better to go as private investor or to open a LLC?

Thank you in advance 

 Thank you @Brandon Turner

I will try to see all podcasts :-)

In the meantime I am really finding a lot of cooperation! that's great

 Hi @Elizabeth C.

Thank you for your recommendations. For managing I think in any case need someone, because I am really too far to fix problems with tenants :-(

Do you know any good manager in Indianapolis?

 Thank you

 Thank you @Shawn Holsapple I will be careful at the moment of chosing the properties. The really important thing is cash flow :-)

 Thank you @Adam Gerig. At the moment, my first problem is to find a lender for foreign people to prequalify. If you have any recommendation they are welcome :-)

 HI @Joe Fairless. Thank you!

I was searching on realtor and it looked like there were many cash flow opportunities in Indiana, in particular in Indianapolis

 Thank you Darrin. I will do my best to take some opportunities.

For what I know In that Italy zone there is US Army. Were you in the Army?

Abu Dhabi is nice, evev if I am a Dubai fan ;)