Updated almost 8 years ago on . Most recent reply

Financing rental property as a Canadian in Florida
Hi, I am trying to purchase of a rental property near Orlando, Florida. It is a single family home in good condition ready to be rented. The purchase price is US $75K and I have down payment for it. I reached out to the US division of RBC for mortgage but they said they will not be able to give me mortgage in US because, I have an existing mortgage here in Canada. I am looking for ways of financing this deal. They deal will have a decent cash flow with up to 7% interest on the mortgage/loan amount. Does any one have a recommendation on how I can finance this purchase?
Thank you