I already have US bank account with BOA, a secured credit card and ITIN.My home country property and taxation rules make it pretty prohibitive to invest there so I would like to invest in the US.Should I (would you) do the following:Option 1) Go it alone cash purchases - Purchase property outright for cash at around 200k.Slowly build things up and eventually refinance?

And so like last week with all the PPP applications my banker personally walked mine through.. try that at Chase or BoA  

Forget about your local BOA or Chase :) Best of luck , please ask me for any further clarification.

Big banks like BOA, Wells, etc, will probably won't get the best rates due to their overhead.

HSBS or BOA would likely funds those, an important factor is to ask if the money for their down payment is already here or has to be wired over (that can cause delays and certain amounts would not even be permissible).

I don’t know about big banks like Wells Fargo or BOA but your local one couldbe worth a shot.

I have already locked the rate with BOA and I have one week left to close.

My realtor found me a really sweet 1 bedroom deal that I just got into contract with and would love to move into and use it as my primary residence (while renting out the studio obviously) not on paper unfortunately since my lender (BoA) wouldn’t allow me to switch properties.

As I recall, the lenders in the 70s and 80s were all working for:Jake, the black-jack, Benny the bat, Bobby the blade (now with BoA) and Mike the Mummy (who just retired from Wells Fargo).As more entered the market more competition evolved IMO and while these guys all have relatives or were mentors to many in the business today, just like boot-legging, the business has become more respectable.I suggest you find your own hard money lender, like grandma who gets 1.5% on her CDs

Bank of America launched a program earlier this year where homeowners could sign their deeds over but set up a rental program with BOA after the deed was handed over.