Financing for Foreigners and the Self-Employed | PREI 046




Passive Real Estate Investing show

Summary: How do you get financing for investment real estate if you're a self-employed or a foreigner (non-resident or non-U.S. citizen)?  It's not hard as there may be many options available to you.<br> <br> We talk to a lot of investors who are self-employed or live abroad who want to purchase investment property with financing.  Well, the good news is there are a number of financing options and we work with a number of lenders who can provide you financing on virtually any of our  turnkey investment properties.<br> <br> On today's episode we speak with just one of portfolio lenders who has helped a number of our clients purchase properties here in the United States.  Listen up as we discuss the commonly asked questions and terms available today.<br> <br> If you missed last week's episode, be sure to listen to The Importance of Reputation.<br> <br> Enjoy the show!<br> <br> - - - - - - -<br> <br> Download your FREE copy of:  The Ultimate Guide to Passive Real Estate Investing.<br> <br> Get your FREE coffee mug by leaving us a Rating and Review on iTunes.  Here's how.<br> <br> See all our available Turnkey Cash-flow Rental Properties.<br> <br> Please give us a RATING &amp; REVIEW   (Thank you!)<br> <br> SUBSCRIBE on iTunes  |  Stitcher  |  Podcast Feed <br> <br> <br> Financing for Foreigners and the Self-Employed<br> Today, I wanted to talk about the subject of financing, but financing specifically for foreigners and the self-employed. These are two types of people that we find to be a little bit on the challenging side to get financed because they don't fit into the conventional box or the box of financing that comes down through the government sponsored entities of Fannie Mae and Freddie Mac. Obviously, that's where you get your best rate. I wanted to bring on Matt Lineberger, one of the individuals that we work closely with. They are one of our preferred lenders. Matt is the Vice President of Business Development for Lima One Capital. What they are is a specially private lender for financing investment properties. They are especially useful to foreign investors, basically our clients around the world, and to those who are self-employed. With that, Matt, welcome to the show. <br> <br> Thank you, Marco. I appreciate you having me on.<br> <br> It's great having you on. I think this is a very important topic and one that will be of great interest to people around the United States who are self-employed, especially to our past, current and future clients around the world that are living in other countries; they're not residents of the United States, they don't necessarily have US based credit. Then they ask the question, "I want to invest in the United States. The opportunities are great, the affordability is great, but I can't get financing." They don't have any options. They're either all cash or they have to find their own private money or they have to work with a lender like yourself. <br> <br> That's correct. As a matter of fact, I'd say 20% to 25% of our clientele are actually foreign investors. We identified that there is a niche and a need there and trying to fill that gap where the conventional lenders have left off.<br> <br> Let's start off by you telling us a little bit about yourself and a little bit about Lima One. <br> <br> I have been in real estate in some form or fashion about thirteen years now. I absolutely love it. I've been an investor, a lender, a contractor, you name it. I like to think I've been involved in just about everything. I'm sure there's a whole lot more to come. I can somewhat identify with some of the borrowers and some of the challenges of the real estate industry. From a standpoint of Lima One Capital, it has just been a great past couple of years for the company. As you were saying, we are private money lenders, we are not a traditional bank. We don't go to the conventional route.