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Phillip Johnson
  • Ilchester, Somerset
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Plan of action?

Phillip Johnson
  • Ilchester, Somerset
Posted May 2 2016, 14:52

Hi guys,

Soon I will be relocating to Canada, NB or NS with around $85,000. With that money I need to buy our family home as my wife isn't keen on 'house hacking' (looking at 10% down for this), which will leave me with $50,000 to invest, armed with a newcomer's credit score and an equifax credit history from the UK.

My goal, like most others, is to quit my job and get into this business full time.

Regardless of the amount of research I put in, there is no clear road map with accurate numbers to fit my situation (ie. Credit score/history)

If anyone has any suggestions to start off on the right track with a few year plan and know of any possible lenders in the NB & NS region (as I'm aware it'll be difficult to get a conventional loan after buying family home) it would be greatly appreciated. 

Many thanks in advance.

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Roy N.
Pro Member
  • Rental Property Investor
  • Fredericton, New Brunswick
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Roy N.
Pro Member
  • Rental Property Investor
  • Fredericton, New Brunswick
ModeratorReplied May 2 2016, 15:39

@Phillip Johnson

I do not recall, are you coming to Fredericton or Halifax?

Send me a PM and I'll see what I can do to pass along a few opportunities.

User Stats

16
Posts
3
Votes
Phillip Johnson
  • Ilchester, Somerset
3
Votes |
16
Posts
Phillip Johnson
  • Ilchester, Somerset
Replied May 2 2016, 15:50

@Roy N.

I really appreciate that Roy, I'll send you a message now.

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