First Rental property - Foreign Investor

[Juan Rodriguez]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $130,000

Great SFR property in Detroit ! As a foreign so excited to start the real estate journey at US. Looking forward to continue investing and helping people from Latam to break paradigms an realized that invest in US is possible (an simple) including leverage from lenders.

How did you find this deal and how did you negotiate it?

I’m so thankful with @biggerpockets because I found this property with the tool here in the BP web page !

How did you finance this deal?

I use a DSCR Loan for foreign.

What was the outcome?

Great investment deal with a Section 8 tenant

Lessons learned? Challenges?

Invest in real estate in US is possible for people from Latin America including leverage from lenders.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I worked with the fantastic support from Darren Foy and his wife to find the deal and Kris Natshke as a broker to get the DSCR loan.