Hi DG Hayes – your policy is a different sort of policy completely. The policy here is fantastic – the same sort of policy as Australians are familiar with, and the only one of its type in the US

You asked whether an individual who is not licenced as a real estate agent / realtor can be "part of the brokers company". By "part of" I assume you mean have ownership interests.It is unclear what country you are in, so you cannot receive advice about this without that issue being certain. I assume the USA, as you use the words "broker" and…[Read more]

Hi TerryThe lender's recourse in this case is limited to the assets of the borrowing entity. So if borrowing in personal name, then recourse will be to assets of the individual borrower. However if borrowing in an LLC name, limited to the assets of that LLC only.Hope that clears it up

Up to 90% of appraised value – never purchase price.No cash reserves or pledging any cash reserves or cross securitisation requiredNot crewdit score based – foreigners will nto have a US credit scoreI am not sure what you mean by "dangerous loans". Maybe what you mean is that they can be negatively cashflowing if the buyer doesn't understand net…[Read more]

Every State in the USA

Hi JLHI understand why you would think that. Because, as you rightly point out, most private money lenders don't go any higher than 60 or 70% LVR / LTV.This one does. PLUS there are no restrictions on property type – buy one yourself, use an advocacy service, or refinance a property you already own.That is what makes it so unusual.

Private money lender with rates staring at 9.5% at 65% LTV, and rates increasing as the LVR increases.When you are looking at properties under $100K, these types of loans fill the gap nicely that is currently unserviced. The difference in repayments on a loan of say $50K, between an interest rate of 6.5% and 9.5% is only $125 per month. And often…[Read more]

There are a few lenders around now that will do 95% with no genuine savings. However not to finance out of a terms contract.I deal with a number of lenders that will consider at 80% withough genuine savings.I don' think financing out is an option available to you just yet

Good advice TerryW

Hi jawsjsHate to disagree with you, however there are a few options for Australians purchasing in the US. There are not a lot I will agree, but there are some. Much of it is dependent upon the price of the property and the State it is located in.My understanding of assumable mortgages is that any assumption need to be approved by the lender, and…[Read more]

AdamThere are a few ways to finance your US purchase1. Use equity in your existing Australain property, and set up a line of credit to access it. Draw down this credit, and use this as your purchase monies – whether it be to purchase your US properety with cash, or to use as a deposit2. Qualify for a mortgage with a US funder. These are in small…[Read more]

See my post at https://www.propertyinvesting.com/forums/property-investing/overseas-deals/4335151Cheers

Cheeves Financial – Seasoning is waived until the end of 2011.

Hi LeoFinancing in the US is markedly different than in Australia. The two countries have very little in common.I have been the owner of a mortgage broking firm in Australia for over 10 years, and also have an office in the US; where I base myself for a lot of the year. I can't comment too much on Loans USA, but it is probably a good idea to s…[Read more]

Hi Detroit DanJust appointed a new lender this week that will lend to non-residents up to 75% LTV (but more likely 65% for most) in any State at most price ranges.Pretty exciting – standby for more information to come in a new thread

I have been hearing self-appointed experts say for a couple of years now that there is a housing bubble, and that property values are going to fall from the sky. We are all doomed, and everybody should sell their property now, or risk facing massive losses.If you say something for long enough, eventually, that fact will become true. However over a…[Read more]

Crusty – JB Global run this index option, and after having a look at it about 6 months ago, it appears quite low risk. Capital protection at 100%, with worst downside being loss of interest. But if yield is not high enough to cover intrest, what is the point? You cannot control yield, yet direct investment you can at least have control soewhat…[Read more]

Thanks for the feedback CheevesFinancial.With what Nigel does…. Nobody wants a mortgage. They want what a mortgage can give them. That is, they want to purchase a property, usually with as little money as possible. So an assumable mortgage is a solution, although they are quite rare now as not many lenders allow it . A purchase money mortgage…[Read more]

Hi allSee my post on this website a month ago – it is quite extensive and will give you some insight into how financing in the USA works for foreign nationalshttps://www.propertyinvesting.com/forums/property-investing/overseas-deals/4335151

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