So you think it's best to borrow vs the rental homes or vs the main residence or vs the vacation home?

Borrower invested proceeds from a previous home sale and Karpe covered the difference.

Are you able to borrow money as a none resident/citizen?

Once your rental builds significant equity, you may have the opportunity to use a home equity line of credit (HELOC), which allows you to borrow against your existing asset.

I have programs available which will allow you to borrow up to 125% for home improvements.

That may seem outrageous, but the upside is you can often borrow 65-70% of the ARV.

I have no SSN, no FICO - nothing in the USA yet :cry: But I believe I can get a 70% LTV no-doc commercial loan on the strength of the asset and the rental income, which is a great start.I'd like to borrow the entire $2M, not just the $1.4M, and I have an associate who is willing to offer up his equity in an Australian commercial property to secure the entire loan.So, if I can offer $3M of security - being the $2M US (Texas) multi-family, and $1M of equity in an Australian commercial property - are there any lenders out there who'd be willing to lend the $2M needed for the Texas purchase?

His mortgage loan is the cheapest borrowed money he has ever received and he gets a tax deduction on the interest he pays.

Yep many judgments never collect.Just like deficiency banks will go after a borrower sometimes and wait.With both types they just pay an attorney to file and record it.You leave it alone and eventually one of 3 things will happen.They will file a BK.They will want to buy a house or clean up the credit and will offer to pay part of the balance for a release or pay in full.So if the amount owed is substantial you pay the attorney to file and play the percentages on collection.

In low fico high ltv scenarios it is best to go fha for the borrower due to pricing hits.