You can also check out the offer in Caveat Emptormitchmakhan said:Quiggles,
Well done mate, what an inspiration, I went to a property seminar just recently and we talked about US property, I am definately keen to get my teeth into the market, now having read your post it takes even more fear out of the equation. I am making it my major priority to get over there and have a look...Thanks for the inspiration mate...
Only purchased in New York. It's a mortgage state, as the taxes will show you - mortgage tax is pretty exxy. I didn't look at owner finance deals as none presented themselves. I considered a number of foreclosures (made some offers, but largely foreclosures were in a hideous state and I wasn't prepared to do a long distance rehab). I didn't try for assumable finance as I had become aware what a minefield finance was and that banks might well be able to say "Yes, it's assumable, but not by non-resident aliens."mitchmakhan said:I have a couple of questions for you if you dont mind..
Did you look at Owner will carry deals, foreclosures or assumable loans...were these not compatible for your plan...as you wanted to buy wholesale for cash? and then refinance.
The states you purchased in are they Mortgage or Trust Deed states...
Hope this helps.