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Updated about 6 years ago on . Most recent reply

Account Closed
  • Castlewood, VA
57
Votes |
177
Posts

Investment Property Loan While Living Abroad

Account Closed
  • Castlewood, VA
Posted

Hello all, 

I have a friend who is a US citizen living/working abroad (Hong Kong) and wants to invest in US real estate. He wants to buy with cash, but also wants to extract equity using cash out refis after 6-12 months. 

Can anyone recommend lenders willing to do such transactions? 

Thanks in advance.

Most Popular Reply

User Stats

31
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21
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Diogo Alves
  • Rental Property Investor
  • Auckland, New Zealand
21
Votes |
31
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Diogo Alves
  • Rental Property Investor
  • Auckland, New Zealand
Replied

@Jerry Padilla -- would a traditional bank lend in this situation as well? (US citizen, living and working abroad, has credit history in US, files US tax returns -- looking to cash out refi from a cash purchase). 

Any issues if I am not physically present in the US when doing the refi?  

And do you think someone in this situation would be able to go up to the 4 mortgage limit for cash flowing properties with good DSCR + reserves?

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