Canadian Buying in Rochester, NY
Hi everyone,
Brand new to the forums, thanks for taking the time to read.
I am a Canadian on the West Coast, looking into the possibility of buying in Rochester or Cleveland with a 30-40k budget. I would like to put down as little as possible.
- Is it common to see good cash flow on these types of properties? Are decent tenants easy to come by?
- Is seller financing common in these markets? Are there any other methods for a Canadian with no US credit history?
- Anything else I should expect? Positives? Negatives? I would love to hear about your experience
Thanks!
Most Popular Reply
@Chris Ricci Assume everyone who has a financial interest in what you are doing (seller, buyer's agent, wholesaler, contractor) will throw you under the bus. Assume you'll hear that the house is worth it when it isn't, tenants are good, management will handle everything, it will be easy for you, vacancy and non-payment will not be much of an issue, repairs won't cost that much.
Some will be honest, some won't. If you feel you can trust them, don't. You can't go by feelings. The worst swindlers are the best at making you feel comfortable.
This doesn't mean walking around terrified. You need all these people. Just don't put your well being in their hands.