RMP replied to the topic Financing for investment properties non-US foreign investor. in the forum Overseas Deals 13 years, 9 months ago
My experience with refinancing US properties with out of US investors is that I have assisted with the process as their property manager with a local lender. The lenders know the majority of the funds stay local and only the profit goes elsewhere. It is much more comfortable for a lender to lend on something they can put their hand on then…[Read more]
RMP replied to the topic How to achieve scale in the US? in the forum Overseas Deals 13 years, 9 months ago
How many unit are you purchasing? How will you hold ownership in these properties (personally, LLC or other)? What types of properties are you purchasing and how long do you plan on holding on to them? Just need a little more info to properly give my opinion. Thanks!
RMP replied to the topic My USA Property in the forum Overseas Deals 13 years, 9 months ago
I am a Commercial Real Estate Broker from Michigan US and it is very risky to invest in areas youare not aware of or you do not have a good contact in. There are handfulls of properties in the Detroit area that you couldn't pay me to buy or sell to someone. This is no different in any other city large or small throughout the entire US. Please be…[Read more]
RMP replied to the topic Partnering with a US resident to invest overseas in the forum Overseas Deals 13 years, 9 months ago
Bec,We have several clients who live out of the US and we often generate a partnership as an LLC for properties they own. Since we already have a close enough relationship because of us managing their properties, this just makes things alot easier for both parties. I hope I could help!