Real State Investing as an international student in Canada.

[Nazmus Sakib]

Hi, I'm an international student,20 years old, and moving to Canada in September in Toronto. So, if I want to buy a multi-family unit(9 to 10)for myself as well as for investment purposes(student rental), can the bank approve me a 95% loan (CMHC)? Or do I have to pay a 20% down payment? How much interest rate private lenders will take if the bank doesn't agree to give?

Another thing is what's the easiest way to get connected with the real estate industry? Can I start with real estate photography, wholesale as a starter to grow connections and create savings for a down payment?

[Stevo Sun]

Quote from @Nazmus Sakib:

Hi, I'm an international student,20 years old, and moving to Canada in September in Toronto. So, if I want to buy a multi-family unit(9 to 10)for myself as well as for investment purposes(student rental), can the bank approve me a 95% loan (CMHC)? Or do I have to pay a 20% down payment? How much interest rate private lenders will take if the bank doesn't agree to give?

Another thing is what's the easiest way to get connected with the real estate industry? Can I start with real estate photography, wholesale as a starter to grow connections and create savings for a down payment?

I think getting a loan as an international student would be hard. You likely would have no credit history and also your student visa is limited. A bank might not want to make a loan to someone without a somewhat permanent status. Also it would be hard to show income to qualify for a loan.