Hey @Andrew Self Are you going to buy a property through an LLC or your personal name?

Closing in a few weeks or less@Ben Fernandez So, I assume you're buying between $100k-$150k with $50k-$100k in rehab?

If there aren't any massive physical problems with the property, it appears you can grow income and equity.You might be able to buy this with little cash out of pocket if the seller owns it free and clear and was willing to finance nearly all of it.  

An opportunity to buy my second property has come.

As I've been doing more and more deals over the years, and gaining more and more experience I been having people reach out about how they can invest with me on future deals whether it be Buy & Hold or Flipping.

There's actually a moratorium that doesn't allow foreigners to buy most properties.

Quote from @Pearse Cafiero: You want to borrow money to buy a house, but you don't have the downpayment.

you need to dodge capital gains and foreign buyer tax.. you should consult a tax expert..If I was in this situation I would just sell (not advice) and buy a cash flowing mobile home park in the midwest

if the note is currently in default and we can buy at at least a small discount, we may be able to restructure the note with no monthly payments - we would get paid all interest at closing when the property sells.  

Investment Info:Single-family residence buy & hold investment in Stigler.