Home Buying in New York>Question Details

Matias, Home Buyer in Outside U.S.

Loans for foreigners to buy in New York?

Asked by Matias, Outside U.S. Wed Jun 26, 2013

Hi community, I recently bought a condo in Miami, which I payed cash.

Now I'm planning to buy a second property in the city of NY as investment, but this time I'd need a loan.

I was thinking about buying an apartment which allows me to pay the monthly costs I'd have (interests, taxes, hoa fees, etc.) and which could still produce a net income of around USD 600/month. I could make a down payment of around 80k.

In this regard, and considering that I'm not a US citizen nor resident, I need to know if I could qualify for a loan in the US. If so the case, I'd also need an agent to assist me during the whole process (getting the loan, selecting and buying the property, managing the unit, etc.).

Looking forward to your advices.

Thanks,

Matías

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Answers

4
Please contact me for assistance. My name is Padmini and I can be reached at 347-903-6736. Thank you and good luck.
0 votes Thank Flag Link Thu Jun 27, 2013
I a couple of referrals which I will send tomorrow. You will need a lawyer and financial adviser who specializes in these transactions before speaking to the mortgage people; I can referr several mortgage brokers as well.

Ella J. Chavers
Sales Agent
Douglas Elliman
917-698-9349
0 votes Thank Flag Link Thu Jun 27, 2013
Hello Matias,

I have several referrals you can contact. They will be happy to help. Let them know Yul Park referred you. Their info is below mine. I would also be happy to assist in your search. Just shoot me an email and we can get the ball rolling. RES works very closely with many investors.

--
Yul Park
Senior Vice President
Cell: 917-647-2717
RES Sales and Marketing Corp.
320 West 37th Street, Suite 301
New York, NY 10018
Fax: 646-537-2626
http://www.RESnewyork.com

Maxwell Rosa
Snr. Lending Specialist
Citibank N. A.
W-718-564-0187
C-646-261-5654
F-866-840-1537
maxwell.a.rosa@citi.com
NMLS # 726537
http://www.tipsforhomes.com/citimortgage/mrosa

Jason Han
Chase Mortgage Banker
Work: 516-364-8823
Cell: 516-459-7826
Fax: 866-454-9590
Email: Jason.han@chase.com
Web: http://homeloan.chase.com/jason.han

Rolan Shnayder
H.O.M.E. Mortgage Bankers
215 Park Avenue South
13th Floor
New York, NY 10003
Direct: 646-421-2246
Email: rolan@myHOMEbanker.com
Web: http://www.myHOMEbanker.com
Licensed Mortgage Bankers
NY NJ CT
NMLS # 11833
0 votes Thank Flag Link Thu Jun 27, 2013
Hello Matias

Would love to discuss in more detail. I deal primarily with foreign investors purchasing investment properties in NYC and am very familiar with the process and requirements.

Please contact me directly at john.jourden@spiregroupny.com and we can get into the full details.

Regards,

John Jourden
Licensed RE Salesperson
The Spire Group
646-841-4164
john.jourden@spiregroupny.com
Trulia.com/profile/johnjourden
Zillow.com/profile/john-jourden
0 votes Thank Flag Link Wed Jun 26, 2013
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