I am a Canadian, planning to invest in Detroit. A few questions:
1. I have been working in the US for a few years now, but did not build a credit history here.So, unable to secure mortgage from my big banks. What are my options here? Any pointers?
Ypsilanti, MI · Member since 2018 · 189 posts · 127 votes
7y
I can’t speak to #2, but for #1 your best approach may be find a local partner. Best place I know to find them is via the “Metro Detroit Real Estate Investors Group” on Facebook. Lots of local investors there looking for international finders, and several people who’s business centers around exactly that.
Vet the people, vet the business, not everyone is experienced. Make sure they actually have a company. Good luck!
Ypsilanti, MI · Member since 2018 · 189 posts · 127 votes
7y
I can’t speak to #2, but for #1 your best approach may be find a local partner. Best place I know to find them is via the “Metro Detroit Real Estate Investors Group” on Facebook. Lots of local investors there looking for international finders, and several people who’s business centers around exactly that.
Vet the people, vet the business, not everyone is experienced. Make sure they actually have a company. Good luck!