Realtor/Lender Recommendation to Foreigner Investor

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Realtor/Lender Recommendation to Foreigner Investor

Kelvin Lai
Member since 2019 · 6 posts · 3 votes

Hey BP family!

I am from and reside in Hong Kong. 

I am new to the US real estate market and I want to invest in a 4plex within 3-6 months for buy and hold as a starting point.

Tentatively:

Area of interest: Columbus/Cincinnati Ohio

Any recommendation to me relating to:

(1) Experienced realtor; and

(2) Lender with mortgage program to foreign investor.

Thank you very much!!!

Kelvin Lai

1Reply
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Most Popular Reply

Tim Hendricks
Investor · Nashville · Member since 2020 · 23 posts · 18 votes
6y

If you would consider single family homes for a fixed 15% cash on cash return, go to homesweethomeLLC.net/investors.html

You provide the credit statement and $24,000 and receive 15% annual ROI, or $3,600 per year, paid out in monthly $300 payments. Home Sweet Home LLC property marketing and management is responsible for all maintenance, repairs and vacancies. 20 year history. References of current investors can be supplied.

Tim

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  • Tim Hendricks
    Investor · Nashville · Member since 2020 · 23 posts · 18 votes
    6y

    If you would consider single family homes for a fixed 15% cash on cash return, go to homesweethomeLLC.net/investors.html

    You provide the credit statement and $24,000 and receive 15% annual ROI, or $3,600 per year, paid out in monthly $300 payments. Home Sweet Home LLC property marketing and management is responsible for all maintenance, repairs and vacancies. 20 year history. References of current investors can be supplied.

    Tim

    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y

    @Kelvin Lai Columbus is a great market to buy in. I have 3 quads so far and am looking for more.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    0Reply
  • Kelvin Lai
    OP
    Member since 2019 · 6 posts · 3 votes
    6y
    Originally posted by @Tim Hendricks:

    If you would consider single family homes for a fixed 15% cash on cash return, go to homesweethomeLLC.net/investors.html

    You provide the credit statement and $24,000 and receive 15% annual ROI, or $3,600 per year, paid out in monthly $300 payments. Home Sweet Home LLC property marketing and management is responsible for all maintenance, repairs and vacancies. 20 year history. References of current investors can be supplied.

    Tim

    Hello Tim,

    Thanks for your advice! Seems good return and I will keep this in mind!

    Thanks again

    Kelvin

    0Reply
  • Kelvin Lai
    OP
    Member since 2019 · 6 posts · 3 votes
    6y
    Originally posted by @Remington Lyman:

    @Kelvin Lai Columbus is a great market to buy in. I have 3 quads so far and am looking for more.

    Hello Remington,

    So is it difficult to find a quad with good cap rate and cashflow in Columbus?

    Thanks!

    1Reply
  • Remington LymanBusiness Member
    Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
    6y

    @Kelvin Lai It is not easy.

    [email protected]614-541-8475Podcast Guest on Show My Job Laid Me Off, So I Replaced My Salary with Rentals
    Reafco512 Reviews
    WebsiteView Page
    0Reply
  • Zeke Liston
    Real Estate Agent · Columbus, OH · Member since 2018 · 1k+ posts · 1k+ votes
    6y

    Hey @Kelvin Lai, I agree with @Remington Lyman, Columbus is a great market to be in! 

    1Reply
  • Joseph Crawford
    Lender · Philadelphia, PA · Member since 2019 · 19 posts · 6 votes
    6y

    @Kelvin Lai

    I can help foreign investors with loans. Also anywhere in the world we are allowed legally.

    0Reply
  • Kelvin Lai
    OP
    Member since 2019 · 6 posts · 3 votes
    6y
    Originally posted by @Joseph Crawford:

    @Kelvin Lai

    I can help foreign investors with loans. Also anywhere in the world we are allowed legally.

    Hello Joseph,

    Can you advise the rate and any restriction of the loan?

    0Reply
  • Charles Carillo
    Rental Property Investor · North Palm Beach, FL · Member since 2018 · 2k+ posts · 1k+ votes
    6y

    @Kelvin Lai

    Our company works with a number of foreign investors and we know a few lenders that lend to foreign investors. PM me if you want the names of some firms we know that lend in this space.
    0Reply
  • Kelvin Lai
    OP
    Member since 2019 · 6 posts · 3 votes
    6y

    Any fellow members know at which stage a foreign buyer must be physically present in the US so as to complete the closing?  Say opening US bank account, any other formalities like execution of contract, mortgage deed etc..

    Thanks for helping 

    0Reply
  • Joseph Crawford
    Lender · Philadelphia, PA · Member since 2019 · 19 posts · 6 votes
    6y

    @Kelvin Lai I cannot. I am not the underwriter. Rates and quotes must come from underwritting.

    PM me

    0Reply
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