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Claudia Schmidt
  • Real Estate Investor
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How to Buy a House Without a Mortgage?

Claudia Schmidt
  • Real Estate Investor
Posted Dec 21 2009, 03:53

I am Canadian, but working overseas to save money for a down payment on a house I would like to buy at home in Canada for myself to start a family.

I have four rental properties that would give me the cash flow to pay my monthly mortgage payments.

Only problem I just realized is that I have to be working in Canada probably for at least 2 years in order for the bank to approve me a mortgage. I don't want to have work when I go back to Canada, and I don't want to have to buy a $250,000+ house in cash either. Help! What can I do? Thank you in advance for your help and advice.

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