Rental Property Investor · Member since 2019 · 35 posts · 10 votes
Hi, I'm a dual citizen, Canada and USA. Just curious if anyone has used their Canadian property to leverage and buy properties in the USA? Can this be done?
If you use a lender like TD or similar which operates on both side of the 49th it won’t be too hard. They’ll essentially use your Canadian credit to qualify you. I’m not in that sandbox currently but that is one way to make it happen. Another is cash purchase... not fond of that one personally.
Residential Real Estate Broker · Kitchener, Ontario · Member since 2014 · 687 posts · 370 votes
5y
I bought each of my Florida properties by using a hime equity line of credit on my personal home here in Canada. Then as I made money I paid off the line of credit.
Rental Property Investor · Member since 2019 · 35 posts · 10 votes
5y
thanks for your suggestion @Frederick P wallberg. appreciate it!!
erik
Originally posted by @Frederick P wallberg
@Account Closed:
@Erik Ped
If you use a lender like TD or similar which operates on both side of the 49th it won’t be too hard. They’ll essentially use your Canadian credit to qualify you. I’m not in that sandbox currently but that is one way to make it happen. Another is cash purchase... not fond of that one personally.
I bought each of my Florida properties by using a hime equity line of credit on my personal home here in Canada. Then as I made money I paid off the line of credit.