Note: I'm re-posting this question from my other post in "Accounting and Tax".
Hi all -
I'm a US citizen, but have been living in Oz for about 15 years now, and am employed by an Australian company.
There are a lot of cashflow positive properties available in the US, and I'm interested in taking advantage of the strong Aus$, as well as the bargain basement prices there at the moment. By the way, I'm 45, and am happy holding an IP for as long as it's CF+.
I have about $100K cash (Line of Credit equity available), but trying to find (reasonable) financing is proving to be quite challenging. I have heard of "hard cash" deals with 50% LVR and 10-15% interest, but I haven't yet found a property that would be CF+ at those rates!
Does anyone know how I could get financing for IPs in the US?
Thanks,
HH
Hi all -
I'm a US citizen, but have been living in Oz for about 15 years now, and am employed by an Australian company.
There are a lot of cashflow positive properties available in the US, and I'm interested in taking advantage of the strong Aus$, as well as the bargain basement prices there at the moment. By the way, I'm 45, and am happy holding an IP for as long as it's CF+.
I have about $100K cash (Line of Credit equity available), but trying to find (reasonable) financing is proving to be quite challenging. I have heard of "hard cash" deals with 50% LVR and 10-15% interest, but I haven't yet found a property that would be CF+ at those rates!
Does anyone know how I could get financing for IPs in the US?
Thanks,
HH