All Forum Posts by: Marty Neville

Yea, I’m awaiting another lead from them at the moment.

No problem, reach out on PM. I’m happy to assist.

Yea I used a broker, PM me for his details.

Otherwise I’ve heard of a company called Lendai since that specializes in assisting foreigners secure cash out refinancing.

I was educated by a company by the name of Star Dynamic.

I set up what's called an LLC which is a business entity to purchase the property.

Probably 6 months to contact all those lenders.

No, only spent 500 on some deferred maintenance to get it to an improved standard. In retrospect I should have carried out a cosmetic renovation at a cost of about 10,000. I then could have refinanced for a lot more.

I live in Auckland, New Zealand which has experienced strong capital appreciation so the rental yields are compressed 2-3% gross yields.

I purchased in Roseville, MI where the purchase price was much less than a deposit here. Have a 10.2% net yield and was able to cash out refinance most of the purchase costs and has put me in a great position to scale.

The biggest hurdle I found was access to good credit facilities for the cash out refinancing. I contacted over 180 lenders before landing with my current provider.

Hi Gloria,

There’s an excellent post in this section from an Australian that breaks down the sequence of events to invest remotely.


I invest in the US via New Zealand and would be happy to explain how I go about it.

Feel free to reach out as there’s a bit to unpack.

No you can’t unfortunately. FaceTime is another free calling option as well

Text plus, decent for 1800 calls. Other  than that what’s app and Facebook messenger.

Have you considered getting recommendations from your agent?

Considering you’re going to be renting it out have you considered using a property manager who also does rehabs?

Perhaps you could select multiple candidates and interview them, then ask for and call their references to help you feel more confident about your decision.

Institutional would be great, being a foreign investor without a SSN I envision that being an impediment. I’m happy to stand corrected on that.

Hard money over private due to reduced rates.   I’m open to private money provided the rates are comparable to the other options.

Can anyone assist with obtaining a cash out refinance for the following circumstances

I'm a foreign national using an LLC

I purchased a SFR in MI in November last year with cash.

Most interested to hear from lenders who can provide the following

Seasoning period of 3 months or less

LTV based on ARV

Preference for hard money over private