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Private Lending & Conventional Mortgage Advice

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Tom S.
  • Las Vegas, NV
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What are my chances of getting a loan? Foreigner with SSN, bank account.

Tom S.
  • Las Vegas, NV
Posted Feb 20 2015, 02:25

Hi,

I'm a foreigner but I used to live and work in the US and so have a SSN and bank account with money in it. I held a mortgage with this bank and paid it off. My credit score may have been dinged though by some credit card fraud (not by me of course). I can't look up my credit score without a US address.

I live overseas now but will try to return to the US if I can. This would help of course.

I have money to invest but want to leverage it via loans and buy a dozen or more properties over the next 5-10 years. States where the 1% rule works, in good neighborhoods.

How would you assess my chances of getting decent loans? I'll start slow if I need to and can lock up some money in some sort of security account if that helps. I'd hope that after a year or so I'd be able to get better loans.

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