HELP with Asset Based Lenders please - tricky situation

2 Replies

Hello BP Community!

Thought I would reach out for help as I am really struggling...

Situation:

- Canadian who does not currently own any assets in the US

- been traveling the world for the past 2 years so also no personal tax records

Really want to start BRRRR but I am having problems with getting non hard-money loans to long term hold the assets I want to acquire.

Spoke to some ABL and they will only lend if I had my own home in the US. I can't own a home as I can't get funding. So I am stuck between a rock and a hard place.

Anyone with similar experience?

@Alice Huang Try to find a partner who could help. It would be better than doing nothing. It would get you started. Seller financing could probably be an option but if you don't have any money it will be more complicated for the rehab part (hard money could help for a few months) good luck.