All Forum Posts by: Tom S.

I'm looking for "good" loans - say 20% or 25% down, and moderately competitive interest rates. So that I get cash flow on properties. I get the impression that only traditional banks tend to give such loans?

I suspect I'll need a US residential address, decent US income, and excellent credit in order to get these. So it might take a couple years or more to be in that position.

No US address. I wonder if getting a forwarding mail address in the US helps when building credit?

I started on an H1B and eventually got a green card, but gave that up after I left the US. AFAIK my SSN is for life?

Hi,

I'm a foreigner but I used to live and work in the US and so have a SSN and bank account with money in it. I held a mortgage with this bank and paid it off. My credit score may have been dinged though by some credit card fraud (not by me of course). I can't look up my credit score without a US address.

I live overseas now but will try to return to the US if I can. This would help of course.

I have money to invest but want to leverage it via loans and buy a dozen or more properties over the next 5-10 years. States where the 1% rule works, in good neighborhoods.

How would you assess my chances of getting decent loans? I'll start slow if I need to and can lock up some money in some sort of security account if that helps. I'd hope that after a year or so I'd be able to get better loans.