All Forum Posts by: Federico Gutierrez

So then action items. Save up and build up your credit score.

This FHA-203k loan talk. Firstly no agent is going to tell their client go FHA over a conventional loan. Then you throw in a FHA-203K loan? You just trying to skate up hill with a backpack full of lead.

You are looking for a needle in a hay stack. There is an option to look on the MLS for "seller financing" but when I do that maybe three properties come up.
Then out of those three properties they have to meet your want and needs. I think the rate of this happening is slim. 
Either look on your own OR pay a realtor a retainer to assist you. A realtor only gets paid when you close so if the chances of you closing are slim, offer some cash up front for their services. Then a Realtor will take you more seriously.

Any chances you can put an extra 1.5% down and go to a conventional loan? FHA are tough to negotiate in todays market where you are fighting against cash and conventional buyers.

You can BUT it's still difficult because you will probably be seeking a lender in America but all your income will be in Australia. So that's what will make it difficult. They will be looking at the last two years of tax returns so hopefully you aren't moving into a new field of work. Then you need to wait 2yrs for the banks to consider you as financeable 

Property in Australia is very expensive. Being that you won't have a "credit score" I put that in " " is because I mean like a track record in Australia it's going to be very hard to get financing.

You may just want to save up for a while and invest back in the States

You will find a lot of information in the following; Detailed Map of Cleveland Neighborhoods

Enjoy your trip here

This looks like an epic insurance battle. Which I think you'll be coming out of pocket

Too look up the property owners information: https://myplace.cuyahogacounty...

It sounds like smokes and mirrors to me.

Be interested to know where the location is and what they claim this area to be? An A Class area...

Welcome to the chat. Curious what numbers you running to get that cash flow?

Buying 30-50K SFR is only going to be trouble. Someone's selling or unloading you a problem. Buy a quality investment that won't bring you headaches, which means you'll need to go up in price. $70-80k.

Real estate is like everything else in life you pay for what you get. There's no secret sauce here