Hello BP members.
I am invest in Detroit suburbs like oak park, Farmington hills southfiled.
I have portfolio of 5 properties that i want to check the option to get a mortgage for them.
I want to ask you BP members if i as a foreign investor can get a mortgage on my properties and make a refinance. Those properties coast me around 65K and all of them are rent.
If yes what is the options for me? for how many years i can take the mortgage? how many percentage from the properties value i can get? 75%? and what is the interest i can get?
Thanks a lot for everybody!
You need to find a mortgage broker with a relationship with a small portfolio lender that has a Foreign National borrower program.