Canadian interested in USA RE investing

[Edna N.]

Hello investors, 

I am Canadian and our housing market here in Ontario is so unaffordable the numbers mostly don't make sense as rentals. Therefore I'm now looking to start investing in RE in the U.S - prefer neighboring states like New York (Buffalo?) Or Michigan  (Detroit?).

I've done some research, listened to hundreds podcasts and watched hundreds youtube videos.im trying to evaluate which is a good market (location) to invest.

I'm interested in fix and flips or BRRRs. 

if you're not interested in partnership but are familiar with these cities, then you have valuable information to guide me in selecting for example areas to avoid when purchasing investment property.  I look forward to hearing from you if that's the case.

Many thanks in advance. 

[Edna N.]

Quote from @Maureen McCann:

Hi Edna and Karen,

I have worked with several Canadian investors helping them buy US real estate. 

Edna~ I know you are looking to invest in cities closest to the Canadian border, however, I would encourage you to cast a wider net as you can find some excellent cash-flowing properties throughout the SE USA. Some turnkey operators are offering discounted DSCR loans requiring 30% down. The latest rates and terms I have seen are for rates in the mid 6% to 7% range. DM me for more details.

https://www.biggerpockets.com/users/karenc243

Karen~ I wanted to share the same info with you. If you are looking for a loan product without having to use your personal credit, then a DSCR loan option may be for you. Feel free to DM me and I can give you more info.

Wishing you ladies much success with your US investing journey. 

Cheers!

Hi Maureen! ..another post with real valuable information. 👏🏿 👏🏿 👏🏿 Powerful, thank you. I have never heard of DSCR loan. Neither did i know of regions like the SE U.S.A. Many thanks for this information.

I'll connect with you for more information. I hope you don't mind.

Thank you.