I just came back from Puerto Rico and I found some great opportunities to invest. My question was, or is can I get financing for a property over here in the USA, to buy over there. If so, what are the steps, any information would be appreciated.
PS
I ask this because I work here in the NYC area, and wont be going back and forth as much as I would like.
Potentially but based on US assets.
Well, I have decent savings, and very good credit, I just need some way to know how to go about getting an approval letter to make an offer soon.
I meant US realestate assets. Equity in US property that can be used as cross-collateral. Basically lender will put a lien on your US properties.
So meaning there might be no chance of me getting a loan approval for an over seas deal, even if its a possesion island.
Possesion Island? What are you looking to do or to purchase over there? Is it just a house or a development or?
I ma looking to buy an apartment over there, and yes I think PR is still a US possesion, which is why the use the american dollar.