Case Study: How a Taiwanese Investor Bought a U.S. Rental Property With a Foreign National DSCR Loan

Karl already owns rental properties in Taipei and wanted to expand and diversify his real estate holdings into the United States.

He had spent a considerable amount of time searching for properties, but was unable to find an agent or realtor able to advise him competently on investment structuring, financing, and property acquisition specifically for overseas buyers.

"Every time I found a property I liked, I struggled to get agents to engage with me. I think they either didn't take me seriously or didn't know how to work with a buyer who isn't American."

Karl was particularly keen to use leverage to build his U.S. portfolio, so he wanted to build relationships with lenders offering foreign national loan products, with the option to use a remote online notary for closing.

After speaking to multiple real estate agents and mortgage brokers and receiving a lot of conflicting advice, he contacted David at Cashflow Rentals for an initial consultation.

"In one hour on a call with David, I learned more about the buying process and financing than I had in three months of researching on my own."

As a first-time investor in the United States, Karl was most interested in properties in B-class neighborhoods where he felt the tenants would be of higher quality.

"Being so far away made me nervous, so I wanted neighborhoods with fewer potential problems, somewhere I could feel confident about the tenants."

With this in mind, we sourced a renovated, tenant-occupied single family home in Kansas City, MO.

The house had recently been renovated to a high standard. Crucially, all the major systems had been replaced, including the roof, windows and doors, furnace, HVAC, water heater, and plumbing and electrical systems.

There was a long-term tenant already living in the property, and a professional local property management company was actively managing it.

We felt this property was a good fit for Karl due to the low maintenance profile, strong cash flow potential, and location in a quiet Kansas City neighborhood close to major employers.

Our team coordinated a thorough due diligence process, including multiple home inspections, subsequent repairs (including a fairly large sewer line repair), and an appraisal.

We secured a final purchase price of $185,000 after all repairs had been completed.

Working with our specialist lending partner, Karl was able to secure a 70% LTV Foreign National DSCR Loan to fund the purchase, with no U.S. credit or proof of income, and no U.S. visa or residency requirements.

"The financing was actually the easy part. David introduced me to Adam at Waltz, everything was done online, and all I had to do was show where my down payment came from."

Karl closed on his property in February 2026 from Taipei using a remote online notary, a week later than first planned to work around the Chinese New Year holiday.

Despite a property management transition during the first month, which was handled by our property management oversight team, rent collection has remained at 100%, and the property will generate over $22,000 in gross rents in the first 12 months.

"The change of property manager in the first month made me nervous, but my rent has arrived every month since, and David still joins me for a monthly catch-up."

Costs are so far in line with expectations, as all maintenance-related repairs have been covered by the contractor's warranty.

On the current trajectory, net cash flow for the year after all operating expenses and debt service will be around $6,800, equating to a cash-on-cash return of 10.6%.

"Now it's July, and my U.S. account balance just keeps going up. I'm even thinking about making extra payments to clear the mortgage early."