All Forum Posts by: Jordan Sinclair

@Warwick Ferguson If you have a US business you can leverage your portfolio with debt. It's tricky to finance non US citizens but possible through an LLC. If you do have a social security number and credit profile you could borrow up to 90% of the purchase + 90% of the rehab for the properties you won't keep. I wish you good luck mate! Welcome to BP & Cheers!

Im an Australian with an American LLC which has an EIN, but no ITIN/SSN (yet?). Do you think there'd be many financing options available to me?

The LLC will only have an EIN as the ITIN/SSN relates to a individual person not a company. That being said, anyone can setup an LLC & get an EIN for it. What that will allow you to do is setup a US Bank account.

The fact of the matter is that traditional bank finance is difficult to obtain (especially in the early stages). As foreigners we have no US credit score or history. Cash is king so many investors buy with cash then leverage their purchase with refinance cash out loans from a private lender.

To state the obvious, it's not like in Australia where you can approach almost any bank with a good borrowing capacity and a small deposit and buy a property almost anywhere in Australia.

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Cooee cobbers!

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Hi everyone,

I thought I'd finally post on BP after reading the great content on here for nearly a year now.

I'm looking to connect with other Aussies who invest in the US.

I currently have a SFR in Ohio.

Cheers

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Hi Andrew,

I would be really interested to hear about some of your successful US flips you have done from Australia.

Cheers,

Jordan

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All Forum Posts by: Jordan Sinclair

Jordan Sinclair has started 1 posts and replied 134 times.

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Post: Flipping Out of Towner USA