Lastly, they’re going to want a higher interest rate than they can get from the bank for taking the risk.

An ITIN is often required for tax purposes when earning rental income in the US as a non-resident.Please feel free to PM me with any questions. 

Risk adjust to 12%.2.  

Rates may still be high, but sometimes they’re more flexible with repayment options than a mortgage refi.Family Loan Structure: Since you have an existing interest-free loan from family, you could talk to them about restructuring or even adding onto it, if they’re open to it.

Talking to an appraiser early is a smart move—they can guide you on what improvements will add the most value.Don’t forget to fix any deferred maintenance and highlight unique features like tall ceilings or original hardwood floors.Let us know how it goes, and feel free to ask more questions—we’re here to help!

It cost $38,000 for the framer to take on the risk and do the work - and that does not include the cost of the GC, or architect, or plumber that was also required!)  

Taking the risk of a tenant while you yourself are renting is not optimal in my opinion.

If you’re willing to put in the work and learn the nuances, it can be a great place to build a portfolio.Feel free to reach out if you’d like any pointers or resources—I’m happy to share what I’ve learned from my time investing there.Best of luck!

Not worth the hassle/risk to claim.

Feel free to reach out with any questions you may have or if you would like to see some past work.