Hi BiggerPockets Community!
I'm a U.S. citizen who has lived my entire life abroad, but I still submit my tax returns annually. I'm diving into U.S. real estate and debating between two strategies: buying new single-family homes directly from contractors to build a portfolio, or going the BRRRR route.
For both options, I’m looking at markets in the Sun Belt region. I’d love to hear your thoughts on the following questions:
- 1. Is it possible for a non-resident citizen like me to get a 30-year fixed-rate loan? What are the current rates, and what’s the minimum down payment?
- 2. Can I secure the same loan for both scenarios—buying a new house from a contractor or refinancing in the BRRRR method?
- 3. If I purchase a property with cash, can I still obtain a mortgage later?
- 4. How easy is it to find banks/lenders that offer cash-out refinancing with short or no seasoning periods?
Looking forward to your insights! Thanks in advance for your help!
Best,
Yuval
