Seeking Guidance on Property Financing from Fellow Investors
Warm greetings from Israel! I'm on the lookout for individuals who, like me, don't hold US residency but have gained valuable experience in property acquisition. Could you kindly share your insights on potential financing options? I'm currently making significant strides toward securing my inaugural property in Texas. Given my planned six-month investment, I'm delving into the realm of partial financing possibilities, seeking around 20% of the total transaction.
I'm also contemplating the prospect of seeking financing from the property's owner. However, I'm proceeding cautiously to avoid staking the entirety of the property's value. Additionally, the property owner might not be inclined to entertain the notion of offering financing terms.
I would greatly appreciate your input regarding private financing companies that you have personally encountered. To me, it's imperative to gather not only numerical information but also stories and experiences that speak to factors like trustworthiness, speed, and reliability.
If you've had the chance to interact with challenges along the way, I'd be grateful if you could share those experiences as well. Insights into difficulties you encountered, such as missed deadlines or specific requirements for foreign investors, would provide me with valuable context.
To all those who come across this message and might not be able to provide direct assistance, please accept my gratitude for your willingness to lend a hand, even in thought. Your efforts are sincerely appreciated.